US current estimate is for interest rate target to be 5.5 - 5.75%! Kita long long already mampus if want to ikut empire of lies

Unexpected twist tomorrow then?

No hike like consensus saying become 25pts surprise hike by BNM??? 😃🤓

I really think bnm will likely raise the opr tomorrow to ease the pressure…

The branch u go, do they tell u what other criteria to become premier?

I get told need to show payslip to have 20k salary , apart from deposit 200k.....they said they stricten criteria already, I don't know is this standard criteria?

Yeah Ambank recently tried hard to gather cash
this new 11 month 4.5% T&C  the manager also dont know yet
Starts in April so still early
So what can you you do other  than skip that FD?

366 days paid 365, at most also lose only 1 D interest , ~RM100+ at end of 1 yr
what do you mean get lesser and lesser for each day??
interest getting lesser and lesser each day compounding?
if rate is 0.2% extra
earn extra RM2000 more than cover
why bother about losing RM100?

penny wise pound foolish!

Good one ! dont just see the trees in front need to see the entire forest

Haiyaaa, looks like no interest rate hike, status quo..... so whats the best FD rate as of today?

Whats the min amount to get Ambank 4.3%@12mths?

Very nice write-up. Mind to share where did you obtain this piece of info? Can't find it in major banks' website.

bro  you did a good job calculating the long winded way posted by old kiasu

it just confirmed my suspicion the whole long long post by oldkiasu
only meant to say in leep year, we lose 1DAY interest. that is all
this is just his other posting making FD like very complicated
very long and very confusing to simple FD people
end of the day his message is LOST!

previously he wrote very long posts about choosing the time of the day before you go place FD
choosing the day (Monday-Friay) etc etc

all meant to squeeze extra profit from bank FD

Just how much extra can you squeeze from bank FDs like that .....i wonder
taking all the trouble for extra few RMs for a million FD?
bro you are not getting the message from oldkiasu's long long post

this is what i mean very long winded posting no use
cant get the message across to people in here

going by oldkiasu's idea bank cheated you 1 day interest in above example
for him he wants bank to pay him EXTRA 1DAY interest in above example
the earth completed its orbit around the sun 1 circle in 365.25 days
So every 4 years we lose 1 day gaji, go claim back from your employer

You worked 40 years, can claim extra 10days gaji.

This is the interest rate for the earmarked amount in CASA
and the first tier minimum amount has changed to 50k

Actually this thing is quite complicated, you need to look at the total amount in your CASA on 31 January 2023, and on 31 March 2023, the amount (not including the earmarked) cannot be lower than that to be eligible for the FD

Well, overall you still get more interest

And another interesting point, according to the branch manager the 11 month FD interest will be given upfront

The Fed's raising of interest rates resulted in the closure of SVB and many depositors potentially losing most of their deposits as many were not insured. SVB suffered huge unrealised losses when its bond holdings were revalued using current interest rates which were much higher than the coupon rates. This raises the question whether Fed will raise its interest rates at the 22 March meeting

The amount you put into CASA will be earmarked and earn the shown rate until 2 April 2023 and after that on 3 April 2023 the same amount will be taken out and put into the 4.5% interest 11 month FD

Everytime when I place FD promo, I need to park RM 10K in saving (or current account..?), but can withdraw after placing FD.
Everytime I transfer out RM 10K from saving after FD placement, so far no problem
Not sure if it is for priority customer?
But AM counter staff never mentioned this 4.5% is for priority customer.

Min FD placement is RM 50K
The answer is NO, cannot place online. Only can place OTC.

You need to sign a form upon placing this 4.5% FD, then from 3 April to 7 April (go on 3 April is better),
you need to go back to AM Bank again to sign one more from in order to convert the fund from saving
to 4.5% FD for 11 months.

normally on the right side bar of their web page.

Its not there anymore...

Now highest fd is bank Islam 4.25%? Seems if opr drop your remaining period will drop too.

ps: just got reply from BI the rate is fixed at the time you place the fd for the whole duration.

Maybank has the lowest FD rate, anyone notice?

https://www.cnbc.com/2023/04/12/cpi-march-2023-.html
https://www.cnbc.com/2023/04/12/fed-expects...nutes-show.html
US inflation is slowing down; Fed alluding to a recession later in the year.

meaning... incr chance of fed pausing, no more hikes, maybe cut rates by year end.
so, guessing game now... will BNM hike, no change or cut in may, july..??

my take - no more hikes... just pause until year end.

I find it difficult to predict Fed's next course of action simply bcos what they have done in the past year has been ridiculous. Only thing I am certain is that Powell and Yellen are more likely to get things wrong than right. They may now say recession is not expected and will continue on their quest of rate hikes.