Sure.

Are you joking? The strongest currency in the region certainly has the lowest interest rate.

Reminds me about that guy who recommended to go for Indo FD with 6% some months before.

But if the currency loses 10%, your 6% become -4% interest rate compared to +2%!

No, not at all. As newbie betten ignore constructs like this and stick to plain and simple FD.

would be very surprised if ocbc would give 4.15

So many of my FDs mature in the next weeks (the 6m and 12m at the same time), looks like I need to open ANOTHER bank account to get at least more than 4%. Four accounts still not enough

Can only offer CIMB, OCBC, Ambank and Bank Rakyat

If you have a priority/preferred relationship manager, this is quite normal. I am not even calling them, I whatsapp to prepare FD placement or uplift

Last time a FD matured and I was overseas, in this way could uplift and sign the documents two weeks later.

I will not call it "back in the game" as long as the FD rate is lower than the 360 rate.

If we go in the area of 3.5% i will move most of my RM into other currencies. Sorry, our currency is by no means strong enough for such a low interest rate.

This post has been edited by David_Yang: Jun 29 2019, 05:51 PM

Unfortunately nothing matches OCBC 360 even close. And this is limited to 100k.

Problem is that after some FD matured I have already 150k in the 360 account. So 50k useless. Have to take action now, but not really in mood to open another bank account. Will talk to Bank Rakyat first, if no good news from OCBC, CIMB and AmBank in the next days.

Good idea!

Decisions must be made next week anyway when another big fat FD matures at CIMB.

If a old 6m 4.5% FD matured, they put in the 3.85 automatically for the renewal.

This post has been edited by David_Yang: Jul 1 2019, 01:48 PM

No. The banks don´t care about how much money you want to put in FD. If you buy 500k to 1 mil investment products like unit trust or insurance from them, they will be more generous with the FD rate.

Also would like to know - 10% CASA means the effective rate is 3.81 instead 4.23.

Certainly you are absolutely right, today I knocked in a huge amount in the islamic p663m15 at 4.23 %. Actually it all came from the CIMB p0m6 4.50 % last years x-mas gift

Well, don´t be too optimistic. There are thousands now who have high interest CIMB or AmBank eFD maturing these days and many run over to Affin.

This promo will never run until 31st Dec, the quote may be reached soon.

7 May, exactly two month now

Nothing will happen this time, but later in 2019 they maybe cut down OPR another 0.25%

First let me say this. Low FD rate usually makes investors move to the stock market, so this is positive for the stock market. On the other side a high FD rate is poison for the stock market, why should someone take so much more risks when FD can earn 8% or so?

But a investor needs diversity. Even 3.5% is still more than most stock market companies offer as dividend. Unfortunately the MYR is not a strong currency, when the interest rate is going down more, many international investors will drop out and the exchange rate against USD, EUR, SGD and JPY will go down.

To find the balance between the different kinds of investments is a big challenge.