OPR up benefits nett savers, those with no debt or savings > debt.

but it's bad news for those debt > savings...

What do you think of putting money in EPF instead of mortgage ?

EPF 5-6%
Loan 3-4%

still a net gain of 2 %

What sort of requirement is needed to partially withdraw EPF account 2 after reaching 50 ?

I heard can do transfer online to some nominated bank account number?

p/s sorry a bit off topic in FD forum

from my personal experience, the feeling of having for example 100,000 of cash in hand is different from having zero in hand, and 100,000 in EPF...

Although the amount is the same, but I did feel wealthier having more cash in hand, than in EPF... it's a psychology thing.

That way, I could understand why people prefer to put their savings as Fixed Deposit, the feel-good factor.

OMG, you mean after 50 cannot choose to withdraw for example 50,000 at one time?

Need to empty all the account 2 ??

haiyo, didn't know this...

This post has been edited by Chrono-Trigger: Mar 4 2022, 01:58 PM

best 1 month FD rate is affin ?

2.05% 1 month eFD.

Any bank offer any higher rate for 1 month?

good news lo for cash rich people, but for people with mortgage a bit painful lor, like me....

This post has been edited by Chrono-Trigger: May 16 2022, 06:40 PM

Unlikely as recession is set to come in USA and Europe , and federal reserve will start to reduce interest rate in 2023.

Probably another 1-2 hike to 2.5 / 2.75%.

looks like FD is becoming attractive again with imminent OPR hikes in coming months.

Good for savers, bad for borrowers.

how much did you deposit to get the free gift?

Good.

Almost matching PNB ASW2020 at paltry 3.75%

haiyah so susah, next time just use traditional method of physical FD certificates la, don't force old people to open online internet banking and ask them to click click internet..

mana old people know how to click click? they rely on others to do it for them - that's already one risk...

secondly, they use outdated devices/ PC to do transactions - all the keyloggers / zero day hack vulnerability....

ASMx have another 1 year to buck up, if their return remains low, people will start selling ASMx for FD.

But we need to bear in mind that FD rates are cyclical.

US probably is going to reduce interest rate beginning at the end of 2023 (?) when inflation is under control.

BNM OPR probably will reach terminal rate of 3.25% - 3.5% in 2023 before going down again.

So the best time to lock in the 4-5% interest rate would be in 2023 , for 5 years, before OPR starts to come down again.

I locked in my FD at 4.5% from AMBANK back in 2011 for 5 years when interest rate is at highest.


Those who want to sell ASMx need to consider the risk that OPR may come down in 2024 again... with situation of ASMx > FD going forward.


p/s I missed the 1998 interest rate of 11%

This post has been edited by Chrono-Trigger: Nov 8 2022, 11:53 AM

wow , 400k

people very rich here

So do you guys think Interest rate has peaked?

It will surely start to come down after peak, maybe these few months are good time to lock in 2-3 years FD...

One more hike to go to terminal rate of 3.00% ?

Looks like US dollar reaching its peak , and BNM may not have any reason to raise rate anymore to support growth in 2023.

Good times over soon?

you get the promised rate?

don't worry they will refund you, that's for certain.

but i understand it can be quite distressing to find the missing money.

haiyo rates so good, should withdraw PNB ASW funds to put there?