Open only?
No need to earmark any amount besides the min account opening amount?

Can discuss over here:
https://forum.lowyat.net/topic/5012824

BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM

KUALA LUMPUR (Aug 19): Bank Negara Malaysia (BNM) may cut the overnight policy rate (OPR) to 1.50% by end of this year as Malaysian Government Securities' (MGS) yields fall to record lows amid the abundance of global liquidity, according to RAM Rating Services Bhd.

RAM economist Woon Khai Jhek wrote in a note today RAM expects domestic bond yields to stay suppressed amid the abundance of global liquidity and that RAM is not discounting another round of OPR cuts by BNM.

"We think (the) OPR could possibly end 2020 at 1.50%,” Woon said.

https://www.theedgemarkets.com/article/bnm-...w-%E2%80%94-ram

Disinflation, weaker GDP open door for more monetary easing — Ambank Research

KUALA LUMPUR (Aug 19): Envisaged disinflation coupled with a weaker second quarter gross domestic product (GDP), at -17.1%, is anticipated to trigger more monetary easing.

AmBank Research further said the current strong ringgit also provides ample room for another 25 basis points in the overnight policy rate (OPR) cut in September from the current 1.75%.

"We have now factored in a 70 per cent chance of a 50 basis points OPR cut in September," it said in a note today.

https://www.theedgemarkets.com/article/disi...ambank-research

10/9/2020

Try clicking on"HERE" from the campaign page:

https://www.cimbclicks.com.my/efd-july20.ht...D%20July%202020

-deleted-

This post has been edited by GrumpyNooby: Aug 24 2020, 05:33 PM

Sorry for being so stupid! Post deleted as I'm so wrong!

This post has been edited by GrumpyNooby: Aug 24 2020, 05:34 PM

What does DYODD mean?

Promotional Rate:
3 month @ 2.40%
5 month @ 2.50%
6 month @ 2.48%

Promotion Period [EXTENDED]:
28 August 2020 to 10 September 2020

Minimum Placement Amount For Each Certificate RM10,000
Maximum Placement Amount For Each Certificate RM200,000

T&C: https://www.affinonline.com/AFFINONLINE/med...ampaign_Eng.pdf

HLB TIA won't adjust the rate after placement?

Good news perhaps?

RHB: No more OPR cuts expected in near term

KUALA LUMPUR (Aug 28): RHB Bank Bhd does not foresee another cut in the overnight policy rate (OPR) in the near term, as it expects the Malaysian economy to bounce back, based on an increase in the number of loan applications it has received across its business segments.

https://www.theedgemarkets.com/article/rhb-...ected-near-term

Revision of Standard Chartered Bank MyTaman Term Deposit-i and Fixed Deposit Campaign Promotional Rates effective 1 September 2020

Kindly be informed that the Standard Chartered Bank MyTaman Term Deposit and Fixed Deposit promotional rates will be revised effective 1 SEPTEMBER 2020 as per details below.



https://av.sc.com/my/content/docs/Announcem...Taman_Rates.pdf

Retirees impacted by low interest rates

The drop in interest rates is significant. It was only at this time one year ago that the OPR stood at 3%.

The OPR then was cut several times as the year 2020 began, with the first cut happening in late January – a cut to 2.75%.

The government recently announced the issuance of a sukuk called Sukuk Prihatin, a syariah-compliant investment instrument.

The sukuk can be subscribed to with a minimum of RM500 at a profit rate of 2% per annum for two years.

Lee said that on the fact that the government is issuing these bonds at a 2% rate and being government-guaranteed was a signal that interest rates could stay at these levels for at least the next two years.

https://www.thestar.com.my/business/busines...-interest-rates

BNM MPC meeting is scheduled on 10/9/2020

This post has been edited by GrumpyNooby: Aug 31 2020, 07:56 PM

Maybank has no FD promo including e-FD since last OPR revision.

Extended to 10/9/2020!

Campaign link: https://www.cimbclicks.com.my/efd-july20.ht...D%20July%202020
Placement link: https://www.cimbclicks.com.my/clicks/#/
T&C link: https://www.cimbclicks.com.my/pdf/tc-efd-2020-eng-jul.pdf

Don't play FD, play what?
Any proposal?

For retirees and senior citizens above 65, how?
Those proposals are good recommendation to protect their golden eggs basket?