Only a bank with silly untrustworthy management would throw away the trust of TIA investors by giving less or investing in unsafe arrangements or lose money due to financial or technical problems.

have been placing in this product for years. So far interest paid as stated

Well. If they fail to pay. Then you have to worry about your fixed deposits as well.

Which are the banks that pay in monthly interest besides Bank Rakyat?

UOB. Yes they credit interest into our saving/ current. But they don’t allow premature withdrawal. Otherwise, the interest already paid earlier will be deducted out from the withdrawal amount.

is it only UOB sri petaling or any uob branch? because i read previous post, got offer from UOB sri petaling. not so sure about other branches

I think account condition should be the same for all branch, The interest could be slightly higher for Sri petaling branch when they newly open (but now already one month +??)

Anyway, Give them a call to confirm.

Moody’s: BNM to lift policy rate in July

BANK Negara Malaysia (BNM) will lift its policy rate by 25 basis points (bps) to 2.25% at its July meeting, according to Moody’s Analytics.

I'm new to HLB. Placed FD & TIA at the same time but yet matured. Want to confirm if interest as per stated given upon mature, therefore return on TIA shall be better than FD right since interest higher on TIA?

On one hand they say inflation is controlled and on one hand they say lift policy rate.

Hmmm.

For those who want 100% certainty then should opt for HL FD instead of investment term acc. On legal terms, HL has the right to pay less than 3.2 % and there is no avenue for the investor to complain later. For FD, if rate is 3% then they must pay 3% and not 2.99% etc.

just 2 cents….

I will take this "risk".

I think the worst case scenario is they will not pay you the interest if something really drastic happens.

That is the purpose of this account. To account for the worst case scenario. But likelihood is almost zero. I can take the risk of getting lesser interest.

Actually it's good management on the bank part to take care of that.

If it goes to the stage that you will get a haircut that means the situation of Malaysia itself is in a dire state.

Also, I think the fact that they dun have to pay for the pidm insurance means they can actually give higher interest to you.

This post has been edited by BrookLes: Jul 4 2022, 12:39 PM

after 5 or 6 July, do u all think we will start to see banks offering above 3% FD rates for 12 mths placement?

Yes, will do.

But I still hope for the 0.5% surprise, come on, BNM, don´t be lame. I have Affin FD maturing this week

That's why I feel this year HLB 7/7 Connect Day 3% for 12 months not attractive.

need to wait until the "fat lady" sing

all the speculations about opr by banks/rating agencies, always 50:50 , either OPR increase or stay


what if OPR stays? bank dont need to do anything, most promo FD rates would continue to be sub-3.00% p.a.

also, if OPR increase, banks doesnt react that fast. may be next few days to see new revised promo rate --- but we already missed HLB's 7.7 rate

Ya, is 50:50. Just thinking even this round not increase the next should be. Hoping will be higher than this
Another concern is like you mentioned, bank may not follow the promo as soon. Like this month promo been waiting since May OPR increase.

My wish is to see OPR raised this mth bcos not optimistic of seeing rises if another wave of covid strikes in near future

https://www.theedgemarkets.com/article/mayb...-next-12-months

Maybank IB forecasts 100-basis-point hike in OPR over next 12 months

No, that totally makes sense. Inlfation is controlled, so a small step up is enough. If inflation would be out of control we would talk about a 5.0 % interest hike, not a 0.5.