However, some banks offer partial withdrawal and it depends on the type of FD.

Example is HLB



20. Subject to Clause 20 herein, for Conventional FD, partial withdrawal of FD Placement Amount is allowed in multiples of Ringgit Malaysia One Thousand (RM1,000) only. However, in the event the amount in Conventional FD is less than Ringgit Malaysia Five Thousand (RM5,000), no partial withdrawal is allowed for that particular account.
Notwithstanding the foregoing, the CASA Placement Amount must be maintained throughout the Earmark Period.

https://www.hlb.com.my/content/dam/hlb/my/d...omotion-tnc.pdf

Jesus.. thats no good should i withdraw and transfer to a PIDM bank?

I don't know man ..went thru some related threads it seems pidm is a pretty big deal for deposit security

Aiyo, heart felt pain, OPR cut, cut, cut........  

Agree lah.
If not for Covid, will sure go travel kau2, rather than see RM keep depreciating

Spend, yes lah. But still want to get more FD money then can spend loh.     

like Singapore FD

I dont think so. At next meeting on 10 Sept they will go down to 1.50% I am pretty sure. Then they will see the MYR at 5.20 against EUR and realize they cannot continue. November they will keep 1.50, then in 2021 they will raise again.

That is my prediction, so even we will see 1.00 EUR - 5.00 MYR next week already, I will not sell EUR.

Monetary Policy Statement
Ref No : 09/20/02 10 Sep 2020

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 1.75 percent.

https://www.bnm.gov.my/index.php?ch=en_pres...ac=5110&lang=en

BNM unlikely to cut OPR until year end should recovery gain strength

KUALA LUMPUR (Sept 11): Bank Negara Malaysia (BNM) did not cut the overnight policy rate (OPR) in yesterday's Monetary Committee Meeting (MPC), keeping the rate at 1.75% after four consecutive cuts since the start of the year.

The central bank's decision was on the ground that there were continued improvements in the global economy given the easing of containment measures across more economies and strong policy support.

Economists contacted said BNM is likely to maintain the policy rate at least until year end, should the recovery remain on track.

https://www.theedgemarkets.com/article/bnm-...y-gain-strength

Premature to conclude that there will not be further rate cuts – AmBank Research

KUALA LUMPUR (Sept 11): AmBank Group Research said it remains relatively premature to conclude that there will not be further rate cuts after Bank Negara Malaysia (BNM) decided to leave the policy rate unchanged in the latest MPC meeting, holding the overnight policy rate (OPR) at 1.75%.

In a note today, AmBank chief economist and head of research Dr Anthony Dass said as pointed out by BNM, the downside risk remains although the economic activity continues to recover from the trough in April supported by the stimulus measures.

“Does this mean that BNM has put the brakes on rate cutting following a cumulative 125bps in 2020 to bring the OPR to a record low of 1.75%?

https://www.theedgemarkets.com/article/prem...ambank-research

remained.

Next MPC meeting will be next year January IIRC.

so is that a good thing or.... idk my fd is expiring this month

Telephoned MAYBANK contact centre 1300 88 6688 today Thursday 14 July 2022.
No FD promo.

It looks like the FD rates are closing in on Pre pandemic rates. Do you guys its safe now to put in longer promo period. i.e. 6 months vs 12 months.

Put into KDI Save at 3% until end of the year. Withdraw when the time is right for FD.

Can't remember, but I don't think so ,or very small amount.