OCBC 12 months 4.0%

http://www.ocbc.com.my/assets/pdf/Accounts...eposit_Deal.pdf

aiyor, it's easy.

M2U eGIA is standard feature, but at BOARD RATE (currently 3.55% p.a.) and rate is updated each 15th of the month.

previous eGIA 6 and 12 months rate are PROMO rate, and limited, and subject to end any time.

Maybank over the counter 4%. Min 10k. Interest at the end of tenure.

I guess that HLB FPX more attractive then.

max no RM30000? how come RM40000?

CIMB RM kept promoting this CIMB - Principal Total Return Bond Fund which pays interest yearly. Keep for 3 years and they waived the 3% sales charge at the end of tenure. Targeting 4 - 4.5% pa. Any catch ? Was thinking of investing, lazy to chase interest rate also now...

Maybank No limit, unlike cimb fixed at 60k

This post has been edited by tonytyk: Jan 10 2017, 07:08 PM

Received call from AmBank ABM at 7.15pm ! FD promo 9 mth 4%, min 10k, tilll end Feb.

She is asking for help of topping up deposit in AmBank, if not .......................

Easiest way to solve your problem is to deposit your 500k into MBB and you just fpx from MBB to HLB.

I made total 17 fpx transactions from MBB to HLB in 1 day and that was in Nov last year.

1. FPX allows 17 transactions from MBB in a day?

2. even i can make 17 transactions in a day to HLB, but HLB will put all these 17 FPX in 1 FD placement or 17 different placement?

17 separate placement.

20k n 20k ... two times lor

which branch quote u 4% FD over counter?. Called up Maybank and no such rate offered!

They are talking about Maybank FD New Year promo running 5 January to 31 January 2017.
2.7 billion RM Islamic only over the counter step-up FD as follows:-
1-6 months at 3.5%, 7-10 months at 4%, and 11-12 months at 5.5% quoted as effective 4%.
Minimum 10k per FD placement.
Interest paid at maturity.
Saw the leaflet today.

This post has been edited by Deal Hunter: Jan 11 2017, 12:13 AM

Could this because HL and MBB are trying out blockchain in FPX? Heard they are the only 2 local banks trying it.

what is "blockchain"?

http://www.investopedia.com/terms/b/blockchain.asp

Base currency of blockchain is bitcoin, so I don't know how this is tied to FPX with MYR tho. According to xe, 1 XBT =4,044.43MYR

read that some financial houses predicted Bank Negara will reduce interest rate in mid 2017 after ringgit stabilizes.

Looks like we are looking at 2.75% soon. The 4% FD will drop to 3.75% for 1 year placement.



This post has been edited by Chrono-Trigger: Jan 11 2017, 08:38 AM

Not so easy for BNM to reduce rates.. unless they want to see USD/MYR hit 5

I think interest rate will remain 3.00% for quite sometime, to provide support to Ringgit and the expected pick up in inflation as oil prices go up.

thanks for the info!