OCBC can.

I never check the webpages, just walk in the banks and read this thread.

What is that? We never talked about it here.

Well, first of all they have to meet Basel III. And to do so they have to do the "boring" FD and simple loan business and just just the selling of investment stuff what they love to much.

No fun to read, but you can try: https://en.wikipedia.org/wiki/Basel_III#Leverage_ratio

Actually FD at CIMB is always unfixed. The 4.2% usually only for fresh funds, but can nego. "unfixed" means that you will get interest if you withdraw early (but not in the first 3 month!). Then you will still get half of the interest rate (2.1%).


Yes they will. But as it is not fresh funds only with 4.1 instead of 4.2%

No.

as usual, can be negotiated

The total amont is not different. But the monthly interest you can reinvest immediately to gain some extra bips.

OK, let´s say you deposit 100k for 12 month with 4.0% on 1st January.

At the end you get RM 4000.

With monthly interest you get every month 4000/12, that is RM 333.

So the January RM 333 you can reinvest let´s say with 4.0% again for 11 months. so you get RM 13 interest again. With this your interest rate climbed from 4.00 to 4.013%

Same with the RM 333 for February and so on.

Certainly this all sounds not so exciting, but the bigger the amount the more you benefit from the Compound interesthttps://en.wikipedia.org/wiki/Compound_interest

The thing is espcially interesting when you the monthly interest goes into a current account with good interest rate so that you don´t need to take care of it by yourself.

This post has been edited by David_Yang: Apr 18 2018, 06:28 PM

AmBank is a very strange bank to me, I would not put more than the PIDM-protected 250k there. And not 681 Mio. US-Dollar like others

Fresh funds required?

I also did some gift promotions in the past. Quite happy with the Air Fryer

But it is useless, as you will always lose more on the interest than the value of the gift. Just hunt for the best FD around and buy the stuff by yourself.

Must be people who move around high amounts every month, 50000 coming in today, 50000 going out tomorrow. Because everybody else with more than 100k on the account will put it in FDs. Even 1 month altready brings more than 3.5%.

They refuse to say. So it is until it is finished

Yes, it is always in this way.

No. But you can let them credit in your current account upon maturity. Then at least you get that interest.

Hopefully no government interferes in the decisions of Bank Negara, that is not their business!

Just to make sure I don´t waste my time, today all banks closed, right?

The promos from CIMB are NEVER published. You have to ASK. These days the promo rate for 12 months is 4.25%.

FD are ESSENTIAL for ANY bank (maybe except HSBC where the customers expect nothing) to keep their customers loyal. They would lose all other "sorts of activities" if their customers run away. FD is the base ingredience for any banking business.

Same here, I would have had a lot of banking business to do today

Yes, if. And which bank in Malaysia has this "big" status? HSBC of cause, they tell you straight in the eyes "we don´t give a shit if you don´t like our super low FD rates and our high fees". You know that most banks not even can offer their customers brokerage, not to talk about brokerage overseas.