Went to MBSB (taman Connaught cheras) yesterday, want to place RM1,000,000 for 15 months fd, they give only 4.3%     

so today i go Affin bank 4.5 for 18 months, what to do? sigh

4.55% mbsb 18 or 24 months
4.60% Bank Rakyat 60 months

year 1998 was even have 10% interest rate

Wise investor during those years would have made a lot more than 10%. Some came out of it with multiple properties and/or tracts of land, some owning significant shares in growing businesses.

Earmark in savings account means you have to put a certain amount of money inside the savings account in order to be eligible for certain promotion. For example, to get 2% pa interest rate, need to earmark RM10,000 in savings account for 3 months. Different promo will have different earmark amount and duration. The effect of having this earmark is that it brings down the effective interest rate, assuming that the money inside savings account doesn't bear any interest.

YES,..OFF topic...
other than that,....
there is a problem of not able to get to put in the amount as you liked...

Best Fixed Deposit Accounts In Malaysia
-Last update: 4 January 2021



Monthly Update
Here’s a roundup of this month’s updates to the best fixed deposit accounts in Malaysia.

1. Overall, Islamic FD products continue to offer higher interest rates compared to conventional FD products.
2. Bank Rakyat offers the best rate for most FD products this month (3, 6 and 9-month tenure). However, do take note that Bank Rakyat’s FD products are not protected by PIDM.
3. The highest interest rate recorded in this month’s round-up is 2.40% (KFH Malaysia; 12-month FD), whereas the lowest stood at 1.50% (Maybank; 1-month FD).

https://ringgitplus.com/en/blog/fixed-depos...2a_eToOJ4s3kfEU

Malaysia's central bank seen cutting key rate as coronavirus forces fresh lockdowns

KUALA LUMPUR (Jan 18): Malaysia's central bank is expected to cut key interest rates to historic lows on Wednesday, according to a Reuters poll, after surging coronavirus infections led the government to impose fresh lockdowns, further curbing economic activity.

Nine out of 15 economists expected Bank Negara Malaysia (BNM) to cut its overnight policy rate to a record low of 1.50%, according to the poll on Monday, with another analyst betting on a bigger 50 basis point cut.

The remaining five expected the central bank to stay put.

https://www.theedgemarkets.com/article/mala...fresh-lockdowns

Let’s see after wed who will have the best fd promo ....

Tough decision ahead for Bank Negara on OPR

PETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO).

Ahead of the MPC's first two-day meeting this year starting on Wednesday, economists are quite divided this time around as Malaysia is placed under a second round of MCO, with both sides of the fence having strong views on why the central bank should maintain or cut the OPR.

A Bloomberg poll of 24 economists was equally divided between a retention of 1.75% and a reduction to a new low of 1.5%.

Reuters’ polled a more pessimistic view with nine out of 15 economists expecting a cut to 1.5%, five expecting the rate to be maintained while another expected a 50 basis points (bps) cut to 1.25%.

UOB Malaysia senior economist Julia Goh was one of them who projected a 25bps cut to 1.50% in view of the worsening pandemic, tighter containment measures and weaker growth outlook.

https://www.thestar.com.my/business/busines...k-negara-on-opr

Here we go again

OPR likely cut by 25 bps at March meeting
https://www.thestar.com.my/business/busines...t-march-meeting

in the event those who think it has a high chance to materialise, then they ought to park and lock in their fd now else risk potential lower interest rate once confirmed.

20k is well under fpx limit/transaction

Hi, would like to ask Maybank has promotion for FD? Only know RHB and UOB, but cant find any information about Maybank online.

slightly out of topic but this should be the right thread since my question is on EPF which consider FD as well...

question - since EPF is expected to do well in 2020 yet say that will be slightly higher than ASB
wah ASB dividend in 2020 really bad and dont tell me our EPF gonna declare like 4.5%?

When BNM start raising OPR once the new government is in place then you will regret

Better off putting in MMF or IPF if your objective deriving income

Now that EPF declared 5.2 % for Simpanan Konvensional and 4.9 % for Simpanan Shariah, is there hope for FD promo rates to rise?