Fool hearty deal????

May I know which CIMB branch offered 4.15% FD

May I know which CIMB branch offered 4.15% FD

got mine at klcc

Hi,
I was over at HongLeong at during lunch time, this is over the counter FD. Details on the attachment.

Thanks

Hi HarpArtist, good for you. Are you their PB customer? 4.15% 12 Months Min 10k? CASA?

Inquired with CIMB,
12 months 4%.
Manager say there isn't  any 4.15% FD, hmmmmm...

err not sure the min. put enough to fulfill the aum for cimb preferred.

Thanks for the reply. So I gather CIMB 4.15% 12 Months FD is promo rate for their PB customers.

yes its only for PB

And this is in klcc correct ? Any other preferred banking customer here confirmed with their respective branches ?

yup walked into cimb klcc

Okay any idea till when this promo will be available ?

Very unlikely BNM will follow FED because our economy is not performing well. Last year inflation was up due to GST. This year inflation will continue worsen due to weak ringgit. We are seeing a cost push inflation and Malaysia economy is moving towards the down turn phase, increasing  the OPR will worsen the economy further.

US reported high oil inventory and this will affect  the oil prices and hurt the country revenues.  To stimulate the economy, government is depending on China on its fscal policy as government has no excess money on spending.
BNM has to play with the OPR on its monetary policy to spur growth. Increasing the OPR will reduce the money supply in the market and will drive down the economy. Personnaly I think the OPR will remain throughout in the next 6 months.

if Malaysia economy can recover in 2-3 years with GDP climbing up and with a demand pull inflation, then only a big increase in OPR is possible. There are also other external factors which will affect the OPR. Ringgit exchange rate, BREXIT effects (BNM reacted to it when British voted BREXIT), South China Sea tension, Trump economic policy, global economy etc.
Ideally 36 months at 4.35% is good to lock in but now Am offer is 60 months. Nobody has the crystall ball. If one perceives the economy will not be doing well in the next 5 years, 4.35% is a good rate.

Attended CB's Citigold seminar last night. CB's opinion is M'sia would not be raising interest rate anytime soon.

AmBank was having 4.5/4.55/4.6% 3/5/2 years FD respectively in 2015. I still has these running. The current 5 yrs 4.35%, is not attractive. Agreed that if it is 3 years then can still consider. 

Any of you go for Bank Rakyat?

12m - 3.70% p.a.
60m - 4.30% p.a.

Wonder whats the min fund for 60m - 4.30%

Anyone ?

what's the latest promotion for FD?
for Hongleong/cimb/maybank
Seem like only 3.10% is the max I can get.

HL Bank has FD 4% for 6  & 12  momths.

HL Bank has FD 4% for 6  & 12  momths.

online or must go branch?

cant find on thier website