yes, there is thread dedicated for it https://forum.lowyat.net/index.php?showtopic=1819492
usually users place in sspn to for income tax rebate

should be 8k based on the picture provided in last few posts
but if normal fd rate,rm500 je

I was being sarcastic when I made the statement about BNM raising OPR by 0.25% because I was expecting 0.5% hike so that Malaysia OPR will not be lower than angmoh rate by end of July. Angmoh will very likely go to 2.5% by month's end.

We must not forget currencies are traded vis a vis other currencies. Ringgit does not exist in a vacuum. Hence, my point is that with OPR lower than angmoh rate, Ringgit will suffer. The rising Ringgit in the period you highlighted also coincided with the angmoh lowering rate till 0.75%. OPR during this period was 1.75%. Of course Ringgit will do okay.

But, over the very long term, like I said in my previous post, Ringgit has depreciated steadily and consistently since 1980s. You can double check. My own view is that politics got to do with this more persistent drop. OPR will affect only the short term fx, like 1 or 2 yrs. But, politics will affect for decades! If the cronyism and favoritism continue to swindle the country's wealth and render Malaysia less and less competitive, I don't think Ringgit will ever reverse. Malaysia needs to encourage whistleblowing and protect the whistleblower. And stop all the U-turning policies. Even simple things like in what language maths and science should be taught in also keep flip flopping. Not only make the students confused and less competitive when they go out to the workplace, also demonstrate how fickle minded the gov is, how can foreign investors be confident about owning Ringgit? Is it a wonder why it keep dropping vis a vis others? Ringgit can rise against other currencies, if that other country is even more badly managed. Why compare to the worst? Why not compare to those doing better? Stop doing things for personal gains. Think in the interest of the whole country.

Public Islamic Bank


PB Fixed Deposit/Term Deposit-i Campaign
https://www.publicislamicbank.com.my/pdf/Te...-i-T-C_ENG.aspx

Promotional Interest / Profit Rates (% p.a.)

Tenure	50FD PLUS	FD / TD-i
6-Month	2.70	2.65
9-Month	2.75	2.70
12-Month	2.80	2.75

https://www.publicislamicbank.com.my/pdf/Te...X-Camp-ENG.aspx




https://www.publicislamicbank.com.my/pdf/An...-i-T-C_ENG.aspx




https://www.publicislamicbank.com.my/pdf/An...-i-T-C_ENG.aspx

how much need to put in for affin invikta or avance acc?

Thanks for the tip as always!

https://www.maybank2u.com.my/maybank2u/mala...ed_deposit.page

what is the difference between "upliftment" & "premature withdrawal"?

Maybank e-FD above, under Product Comparison, "upliftment" & "premature withdrawal" are listed under different rows.... which leads me to think they could be different under certain circumstances?

Affin AUM as follows:-
Invikta - 200k
Avance - 50k
Normal - below 50k
Avance get 0.05 % and Invlkta get 0.15 % more than Normal customer except for 1 month and 37-60 months tenors.

4 other tips for EPF:-

EPF account not closed even after withdrew everything.
Housewife also can open EPF (done by PH under DPM Wan Azizah for wives).
Can only place maximum of 60k each per calendar year per parent till age 75 birthday.
Can withdraw if migrating.

Upliftment is general term for withdrawing the FD at any time.
Premature withdrawal is upliftment before Maturity Date.

In general, you need only to know that:-

1) You may not be allowed to uplift by premature withdrawal on the same day you placed the FD (if you changed your mind). For eFD, usually only on next working day. For OTC, depends on bank.

2) The bank will take back all or some (clawback) periodic payments made before Maturity Date in cases of Premature Withdrawal. Please be advised that some of the T&C may be obsolete and not updated, and there may be some confusion and conflicting interpretation and implementation about this between various banks/branches. This is clearly a sign of incompetence and tidak apa management and governance by those in charge.

3) Adjustment of Maturity Date if any will affect uplift and interest/profit. Calendar showing future holidays later is a recommended essential FD tool.

Thanks for sharing! I can't seem to find a lot of information on Affin's FD, so is there any min deposit amount for the rates you shared?

The rates look similar to stashaway simple and kdi save, but the difference is you can enjoy 2.5-3.2% without any lock up period.

So if Affin doesn't have any min requirements then I might consider looking into it... otherwise it doesn't feel as lucrative as stashaway and kdi

All Affin FD have minimum requirements. For low board rate FD and eFD, the minimum is only RM 500 for 2 months up. But for the current higher promo rates, the minimum varies. For normal customers, the minimum now is 8k. Avance customers (having AUM 50K) it is 10k, and Invikta customers (having AUM 200k) it is 50k.

Interest/profit is paid on maturity for tenors up to 12 months. Can have 6 monthly payment from 13 months up.

The conventional eFD and the Islamic TD-i are placed using FPX using Affin Always.

Actually when was the first interest rate hike this year

Thanks. Just want to keep track.

Anyone know got latest bank rakyat promo or monthly interest FD payment promo?

This post has been edited by BrookLes: Jul 11 2022, 06:22 PM

the date of these articles,...
11 May 2022...

https://www.bnm.gov.my/-/monetary-policy-statement-11052022

https://www.theedgemarkets.com/article/bnm-...-record-low-175




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what is the difference between fixed deposit and term deposit?
Does term deposit means indicative rate only and final rate may change?

Fixed is usually conventional (but those marked as -i is based on islamic principles)
Term usually is like fixed deposit but based on Islamic principals

End of the day, similar just one conventional and one is not

Strange. My FD at Oct last year is so much lower then FD at Feb this year.

can sum1 advice and clarify further, if im using fpx online transfer from other banks in order to get the promotion fd rate, can i use from another bank account (individual by not belong to me) to transfer? or izzit compulsary my own account even frm different banks?

You should be able to do that.

i cannot remember fully but i think ambank will reject (ie got name check)
i think i have also tried hlb but it seems fine (not 100% remmeeber)