Extension of CIMB e-FD as per rate shown in the picture.

I had placed one e-FD this morning.

All links were still working perfectly this morning.

I don't know about this.
Maybe their system is heavily overloaded since today is 1st day of the month.

Even CIMBClicks is also down now!

OTC placement only right?

Best Fixed Deposit Promos – September 2020

Monthly Update
Here’s a roundup of this month’s updates to the best fixed deposit accounts in Malaysia.

1. Overall, Islamic FD products continue to offer higher interest rates compared to conventional FD products across the board.
2. Kuwait Finance House continues to offer the best rate for FD products with a 12-month tenure.
3. The lowest interest rate recorded in this month’s round-up is 1.70% (Bank of Nova Scotia; 1-month FD).

Article link: https://ringgitplus.com/en/blog/fixed-depos...9H2isdYROTsD2nQ

It should be eligible based on (7) in T&C:



T&C link: https://www.hlb.com.my/content/dam/hlb/my/d...-pledge-tnc.pdf

Looks like it

This campaign needs too much efforts.
I'll pass!

Always the trend especially couple of days within the range for pay day.

This post has been edited by GrumpyNooby: Sep 3 2020, 03:41 PM

It's rather infuriating as CIMBClicks downtime rather frequent.

Well, they did propose to use Clicks app:

For PB eFD promo:



For AmBank no promo.

BR promo just ended before National's Day.
Here's the latest OTC rate:

Expected to be in October by the PN-MN government.

This post has been edited by GrumpyNooby: Sep 9 2020, 12:50 PM

Your car loan is from the same bank as per your FD?

Monetary Policy Statement
Ref No : 09/20/02 10 Sep 2020

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 1.75 percent.

https://www.bnm.gov.my/index.php?ch=en_pres...ac=5110&lang=en

This post has been edited by GrumpyNooby: Sep 10 2020, 03:01 PM

Maybe just extend whatever promo which just expired or going to expire.

BNM unlikely to cut OPR until year end should recovery gain strength

KUALA LUMPUR (Sept 11): Bank Negara Malaysia (BNM) did not cut the overnight policy rate (OPR) in yesterday's Monetary Committee Meeting (MPC), keeping the rate at 1.75% after four consecutive cuts since the start of the year.

The central bank's decision was on the ground that there were continued improvements in the global economy given the easing of containment measures across more economies and strong policy support.

Economists contacted said BNM is likely to maintain the policy rate at least until year end, should the recovery remain on track.

https://www.theedgemarkets.com/article/bnm-...y-gain-strength

Premature to conclude that there will not be further rate cuts – AmBank Research

KUALA LUMPUR (Sept 11): AmBank Group Research said it remains relatively premature to conclude that there will not be further rate cuts after Bank Negara Malaysia (BNM) decided to leave the policy rate unchanged in the latest MPC meeting, holding the overnight policy rate (OPR) at 1.75%.

In a note today, AmBank chief economist and head of research Dr Anthony Dass said as pointed out by BNM, the downside risk remains although the economic activity continues to recover from the trough in April supported by the stimulus measures.

“Does this mean that BNM has put the brakes on rate cutting following a cumulative 125bps in 2020 to bring the OPR to a record low of 1.75%?

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

This post has been edited by GrumpyNooby: Sep 11 2020, 09:16 AM

Relax! It's about 2 months to go for the next MPC meeting.

This post has been edited by GrumpyNooby: Sep 11 2020, 04:31 PM

Has ended and no new campaign yet:

Which bank? RHB bank?

TheWall: Helping retirees get the best out of their FDs

With interest rates trending lower, Malaysians who rely on fixed deposits (FD) to earn a return may be forced to look elsewhere to fund their retirement. Some banks are aware of this struggle and are offering FD promotions or alternative suggestions.

These include higher promotional rates for customers who make FD placements via banks’ online portals or bonus rates for those who invest in unit trusts via the bank. Some banks recommend retirees to consider other products with similar risk levels but which may have higher returns, such as bonds.

A quick survey of the banks’ websites in Malaysia show that the FD rates offered roughly range from 1.35% to 2.1% per annum.

https://www.theedgemarkets.com/article/thew...SC1NMqxU22dONCs