next 5 years interest rate around 2% huh

just got this from CNN....

The UK just sold its first bond with a negative interest rate

Britain is now being paid to borrow money.
It's the latest country to sell government debt at a negative yield -- meaning that investors who hang onto the bonds until their maturity point will receive a little less than they paid for them.

The UK's Debt Management Office said Wednesday that it sold £3.75 billion ($4.59 billion) worth of three-year bonds, called gilts.

The gilts, which mature in July 2023, sold at an average yield of -0.003%.

With that sale the UK joins Germany and Japan, as well as some European nations, in offering government debt with negative interest rates.

Edward Moya, senior market analyst at Oanda, said in a note to clients that "expectations for the Bank of England to cut rates continue to grow." The UK's central bank slashed interest rates to 0.1% in March.
https://edition.cnn.com/business/live-news/...2020/index.html

on your question....next 5 years interest rate around 2% huh?
can go lower too....

Is RHB smart account has better yield if less than RM50k?

https://www.rhbgroup.com/~/media/images/mal...t-2017ver4.ashx

Ignoring the INVEST bonus, it'll be first RM 100k.

Not much details for the INVEST, perhaps you need to sit down with their WPM to ensure what're the eligible WMPs

hopefully linking this account to BSA debit card wun incur any annual fee

AFFIN Bank 6mth 2.25% 12mth 2.15% ?

clearly to say bank don't want your money so long. is a lost to them hahaha

i though it's a typo error.haha
AFfin don't want but other bank want lah

i think now most bank offer 5-6mths promo. not much offering 12mths.... pls point out if i missed that out

UOB board rate has been revised down to 1m at 1.7%, 6m a t1.9% and 12m at 2% effective from15/5/2020
Same goes to Alliance board rate: 1m at 1.95%, 6m at 2.05% and 12m at 2.1% effective from 15/5/2020

This post has been edited by GrumpyNooby: May 21 2020, 12:35 AM

Have some extra free cash after working for a few years, putting in FD or invest in something like REIT or Stashaway?

can apply FD form my baby? 1 year +
thanks

REIT should die right since MCO all properties affected? Stashaway is a good choice. If you are more conventional can go for SSPN or ASM.

Yes you can. for eg HLB https://www.hlb.com.my/en/personal-banking/...ed-deposit.html


However I suggest u do SSPN-I instead.

IINM historical data shows SSPN-I interest will be higher than FD rate.


You may check the dedicated SSPN thread about how to open SSPN-I/SSPN-I Plus account via online.

OCBC efd now got 2.7% 10month. min 1k. existing fund also applied.

Finally their campaign info is out! Campaign ends 30/6/2020.



Campaign T&C: https://www.affinonline.com/AFFINONLINE/med...ampaign-Eng.pdf

I tried transferring my funds through maybank2u for the islamic FD, but its only 1.9%. how can I transfer through FPX?

choose non-maybank banks?

May I know when is this promo ending?

EG: transfer it from CIMB ?