Bank Islam better as gives more profit for the same amount of principal for 1 year.

Bank Rakyat promo from 10 June to 30 September still on.
3.7 % for 8 and 3.8 % for 12 mth. Minimum 10k. Mthly profit creditting mths or upon maturity.

3.85 % for 8 mths or 4 % for 12 mths. Minimum 50k. Mthly profit creditting or upon maturity.
One time lock-in of 10k in another account (non FD).

The following from HL internet banking
conventional promo eFD
3m @ 3.45%, 6m @ 3.7%, 10m @ 3.6%, 12m @ 3.7%.
TIA 3m @ 3.5%, 6m @ 3.7%, 12m @ 3.7%.

Can reader please enlighten on some practical questions.

1) Is the spinion of my kiasu discussion members that websites (like ringgitplus) usually have database of board rates instead of promo and TIA rates valid in your readings?

2) Is there any website where you can find promo FD rates other than in this LYN forum?

The kiasus were discussing the merits of Bank Muamalat FTA-i Double WOW at 6 months with ER of 4.1 % and whether to place before or after US election. Not much talking about 4.05% 12 months FTA-i WOW promo. The hedging kiasus discussing on a certain Singapore's Indian view about Trump or Harris probable impacts.

This post has been edited by oldkiasu: Oct 30 2024, 05:59 PM

MBSB Term Investment Account-i promo 12 August to 31 December 2024
3m 3.60 %
6m 3.75 %
12m 4.10 %

Can readers comment on what their opinions are regarding next year normal and promo FD rates? The following are some of the take aways from the annual end of the year FD prognosis from the kiasu members, which are very strangely more US centric than ever before..

1) The pessimistic camp says - Trump and rich billionaire crony govt camp will raise import duties under the strange idea that this can somehow be good for US. Our hardnosed biz and econs kakis feel this may be some kind of idea to get revenue instead by taxing consumers instead of taxing ultrarich more. As to whether it helps in job creation or having industries move to US, they are frankly dubious about how this works out in a globalized supply chains situation. So does a reduction in trade flows have any real impact on Malaysian economy and of FD rates indirectly or directly as this changes the existing status quo which the kakis believe they know how to work on?

2) As to whether Trump can somehow get the Fed under his control, or whether it matters? There are 2 dissenting groups of kakis here. Group A says lowering or too low interest rate is generally bad and believe anything between 4 to 7 % probably encourages an economy. According to them, they just leave when the rate is low, and the rate need to be good enough to sustain the value of the currency.
Group B is more traditional and have simple idea that lowering rate will somehow promote economy although nothing much to say about the value of the money or the churning of money.

3) Previously the kakis have gotten used to the idea to ignore the Fed rates and predications and keep happily getting along in Malaysian economic. But this session, they consider about the geopolitical business impact and also the prospects of improving or bungling the wars prospects and BRICS.

Are you asking what is today's fish sales or asking where to fish for answer?

Is the 4.1 % 12m TIA still on at MBSB?

Bank Muamalat 4.10% 12m, 4.05% 6 m

AFFIN Invikta 12m 3.7 %
BANK ISLAM no promo
BANK RAKYAT 12m 3.88 % end 28 Feb 2025
CIMB 12m 3.88 % TIA
HONGLEONG 6m and 12m 3.7%

Bank Muamalat WOW-LAWEH FTA, until 31 July 2025
6m 3.80 % min 30k
12m 3.98 % 50k

The usual gang of kiasus are beginning to look and discuss the world FD and loan news. US and Eurozone expected to increase the number of rate cuts following the tariff wars. Will Malaysian FD rates hold at 4% or gain in the coming month or tws or follow down lower by next quarter earliest? Any views on the business logic or sensible bank policy? Thanks.

Bank Muamalat 3.98 % 12 mths

Teller said new promo on 15.

This post has been edited by oldkiasu: Jul 16 2025, 01:05 AM