From what I heard and read, BNM likely to increase OPR by 0.25 to 0.5%. Looking forward to that !

For last few days, has parked some fund in high yielding CASA account waiting for this to happen, waiting for the good news this afternoon !

i am newbie to this TIA-i account...
if i only have FD account and Current account with HLB, can I apply this account via HLConnect online?

Should be able to do so.

From HLBB connect TIA..3months promo
Profits Sharing Ratio
Indicative Rate
85:15 2.55%
At the end of tenure the customer will only get 2.55 x 85% = 2.1675%
Is my understanding correct?

PSR is just FYI only

you still get the indicative rate of 2.55%

So roughly wat time we will get the Updates today ???? up 0.25 or 0.5? or maintain.... ( which i doubt so)

3pm

https://www.bnm.gov.my/monetary-stability/mpc-meetings

I don't think having FD account has any relevance.
In my case, I used an existing sole SA to do the placements, and as the account to receive the profit and principal. I do not know whether a joint CA would be eligible.
For my first placement at HL TIA-i some years ago, I had to do a risk appetite questionnaire online at HLConnect. I do not know whether this needs to be done nowadays for newbie.

The Indicative Profit Rate (IPR) is actually what I get and not 85/100 x IPR.

So far so good with the HL-TIA IPR payments after numerous placements and maturities at various tenors. Please do not consider this as a general endorsement for other banks TIA. My personal view is that the TIA risk depends on whether the bank has honorable management and practice prudent use of the TIA funds. If I cannot sleep soundly because I doubt the honor system or the greater risk appetite or entanglement of the bank, then I would avoid regardless of how attractive the Indicative Profit Rate is.

My risk appetite is not so important, but rather the perception/judgement/evaluation of whether the bank is seen to be prudent and competent or worse. For me, the risk is not in the T&C but the questionable ethics, decision making performance at various levels affecting the customer, and entanglements of any particular bank in running any particular banking products.

This post has been edited by oldkiasu: Jul 6 2022, 01:48 PM

You may try. If not then just open account which can get cashback. I opened in Jan 2022 and get RM25 cashback. Now you can check if any promotion.

https://www.hlb.com.my/en/personal-banking/...promotions.html

BNM raises OPR by 25 points to 2.25%

announced already?

Walao

Got it fm the Edge

ya, saw it in BNM site too

https://www.bnm.gov.my/-/monetary-policy-statement-06072022

Now has to wait for banks to change their FD rates. BR wise should have theirs soon, they did not change after the May OPR increase. If not more people with move their deposits out.

seem like BNM is going for gentler approach. Researchers had been expecting 0.25% in September also. Sinchew daily cited that it was 1st in 10 years opr was raised consequently. last it was in 2010

This post has been edited by akhito: Jul 6 2022, 03:39 PM

This is good for auntie like me, now wait for the bank to give out FD promo rate, waiting for Affin

Also hopefully sept will increase one more time.

For others who got bank loans, bite yr teeth hard and go through it.

BR current "promo" rate will end on 9 July, hopefully by next week they will give new promo rate. I just renew my FD with BR early this week, if the rate is much better after the promo end, then, i will forgo the 1 week interest n place new FD.

Will BNM stay with the trend of raising OPR for the rest of 2022? One big obstacle may be omicron BA.4 & 5 variants which is now causing increased hospitalisations in Portugal and UK. This may be bcos this variant seems to attck the lower part of the lungs. Raising interest rates in a covid pandemic?

Two times up is very unspectacular, remember the ugly 4 cuts in a row in 2020, -0.25, -0.25, -0.50, -0.25.

At least now the promos should climb over 3% again. Next meeting then 07-08 Sep 2022.