if a bank gives too high interest rate for deposits, they need to loan them out at even higher rates to make a decent spread.

often, that leads to riskier loans, unqualified loans.

and that, is one major reason some banks come under stress when the crunch comes, will even fail if there's a run on it.

our local banks are generally conservative which is good, the most conservative ones being public bank n maybank.

that's why they r the strongest n most resilient.

promo rate only apply to 3 month and above, any promo rate for 1 or 2 month?

Which bank now gives 4.35% for 12 months?

Anyway my rhb Branch manager seems to be clueless about this 4.3% 12 months... Fed up.

MBSB Latest Promo - No Monthly Interest

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Look carefully at mbsb  4.35% rate promotion period is 20 April 2022 to end of May 2022. It is not 2023

thanks for the input ya. updated as below.

let's promote bank islam 4.5 haha

none of the cimb officers in the branch knew about this 4.5%

Correct. For example, BR limit is RM50k

Bank NPL goes up so need to reduce FD rate to earn back.

I feel you, this is the time where flexi loan accounts really shine.

Finally went to BI for the 4.5% FD. Seems very old school and said my FD cert would only be given after my bankers check cleared. Must open savings account so the interest could be credited upon maturity. It has been a long time since i last saw a savings passbook.

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what i worry and sad the most is when OPR increased... bank loan interest increase but FD remain the same.. noted my loan statement.. every mth extra few hundred is interest portion...

there is a split, no consensus among banks on coming BNM Jul 6 meeting.

but given that BNM been intervening in the FX market lately to "peg" RM to 4.666 per $, and they dun like that...

my bet is a 25bps raise is coming.

more so when u consider fed having said there will be "2 more hikes this year".

Flexi loan allows u to save lots of interests paid to the bank.

Let's say you buy a house with rm 1million, you can make advanced payment rm 990K, bank will only calculate the interest based on the remaining 10K. And if you need money, you can withdraw from the advanced payment any time. Let's say if you withdraw 90K, now you owes the bank 100k, interest rate will be charged based on the 100k.

very true... more so when u hv 1.5 tril and rising debt hanging on yr neck, u dun hv many tools to fight.
as it happened, today's announcement of state elections on aug 12 may preempt BNM decision tmr.

u dun do a suicide stunt like announce elections and then announce interest rate hike!

now, more likely no change for now, hold till sep 7.

I can guarantee tomorrow no hike, or my name is BBC Micro!

Is this RIZE suitable for saving > rm 200k? Any protection similar to PIDM? Thanks.

Strictly only FD discussion...

If not, expect multiple reports on off topic discussion & posting / replies

Welcome to the club

Seriously...

Probably already have endless $$$ in hand now 😁 too much liquidity...

Good things always needs to come end....

Need to look others places like BR or BSN... If they got good rate (I think it's around 4.3% like that)....

Branch manager sent me info on this.