Sorry, what you mean by "try instant transfer from Mbb to that bank, and FPX from there"

which bank do you mean?

yes. otc 10k casa is a must. but efd no stated. so we assume no need. but due to some people fail to use fpx to ambank but some yes, so suspect this is the reason behind. but someone in the forum just reply casa less than 10k still able to do fpx.

so okay. dunno which party went wrong here. but definitely dont use maybank fpx to ambank. too many incident happen.

Hypothetical question:

Affin FD says must mark 10% CASA.

The amount will be locked/inaccessible in the Saving account?

or we can still withdraw the amount? Accidentally withdraw a portion of marked money how?

BTW, why is everyone talking like Ambank is the best and only FD choice?

Hong Leong is giving a good rate for 6 months, although got 10% earmark. 2.55%

And 3.6% rate if apply for their credit card combo (1.6% FD and 2% into CC). The only condition is to spend RM200+ per month for 6 months. This is like a cash rebate....

All eyes on OPR meeting 6 May

It is actually BR

Perbadanan Insurans Deposit Malaysia (PIDM) Bill 2010 was passed by the Parliament and came into operation on 31 December 2010.
The new bill provides for enhanced deposit insurance coverage for the protection of financial consumers, with an increased deposit insurance limit of RM250,000 per depositor per member bank.
This will protect 99% of retail depositors in full. In addition, foreign currency deposits will now also be covered under the deposit insurance system.

https://www.bnm.gov.my/-/implementation-of-...-pidm-bill-2010

Thanks for the sharing. The CS said they're looking into it and will call me back (I've provided the FPX transaction ID).
Never encountered such issues doing FPX to other banks. Only when MBB is the destination.

Once FD is placed and most likely B Negara will revise OPR downward in sept. Will it affect the FD interest rate on those FD which we have deposited before OPR change?

I always wonder if there are any proper studies that show interest rate cuts are counter productive or reaching those who do not really need or deserve to be supported.
Contrary to popular conception that OPR decrease is beneficial to economic recovery, I wonder if the reverse is actually the case. I understand it would need persons with rare courage to go beyond and explore or write about ideas that are contrary to the popular ideas. Being scientific, quantitative, and questioning of results, or being grounded on human behaviour and the impact over time, and monitoring possible/various explanations of what happens is not exactly how populist economy works. Practical and beneficial Economics need to be improved to be more exploratory and open to a range of possible scenarios or explanations instead of trying to fit into one  train of thought.

Hi all, my Hong Leong bank TIA matured today.

It is 6 months 2.45%, the effective rate is 1.225% (correct me if I am wrong)

I deposited RM5k and received interest of RM59.50. So, my return is 1.19%.

Based on your experience, does the differences between the actual rate and effective rate is acceptable?

i think i have also get "cheated" by the 2.45%, as based on my statement, i still see it shown the rate as 2.45% instead of 2.40%, it seem like my other placement on 25 Feb will only get 2.40% instead of 2.45% if what u mentioned is true..

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I use to do fpx from RHB to PBB using my desktop pc. So far, I did not encounter any problem.