hey guys so for 10k fd current best is 4% ? do recommend

ya so far i went pbb, hlbb, br, affin, all okay

Ok thanks

My is maybank
if like that i uplift on 2nd oct monday can right?

this is a confusing/misleading step-up FD. always from PBB.

read the 1st line of the T&C. the effective rate is stated. use this effective rate to calculate your expected return. no need to trouble yourself to calculate EACH step-up month.

It's not that confusing... Just need to really understand it. Plus, step up FD means you get the interest earlier rather than at the end. So the actual effective rate is slightly higher due to time value of money

yes! it's to mislead old ppl (and noobs) to deposit more money without knowing the actual return.

how did banks circumvent their tactics? put/hide/small-size text of the effective rate.

BNM satisfied (aka close one eye) since info is put upfront. but old ppl cant read much or understand english or with poor eyesight, can only see BIG BIG the "7.28%" and "6.28%" number.

everytime pbb come out with their step-up, my parents jumping with joy of the new "high rate". i told them, fat chance, effective rate is much much lower 

Wow ! Now we have HSBC joining in the bandwagon offering higher FD rates...
The more the merrier !

That is why I really do not understand this fresh fund thingy. I mean forcing the people to purposely do a transfer to another bank and then transfer back to the original bank just too do FD is plain stupidity in my opinion.

I see, this is what I understood from the banks' practice, but this guy manage to withdraw with daily interest which makes me confuse?

bank negara raise the over night 0.25 good for none loan person but sad for thse who is still on loan

At least 2-3 weeks before any banks decide to make a move... so far only SCB initiated first step. But not FD.

The due date banks have to meet LDR /Basel III is looming near. So those banks really have to work it out before June which is the most crucial one before they have to start rejecting loans. Then they will be losing their most profitable business..
So far haven’t heard anybody’s car loan affected by rate hike... it’s fixed - for new car la. Not sure if used car differs...
Def pay down loan better... long term effect saves more
My 2 cents.
Suggest you go reach out SCB - lock in 100k 4m for 900 aeon voucher- more than 5 pieces set you could pick 😂

can i know how to know loan now is 4.15%?

Anyone?

You are not alone dude ... because i dont know how and what is the concept of FD or interest or else
to me, banks is the place to us save our money and keep our money that all! hahaha

Please post at the loan vs FD thread, for such discussion. https://forum.lowyat.net/topic/4603917/+40

Thank you.

You won't make any money by taking a loan and put in FD.
Banks are not charity organisation, they earn ten of billions every year has its reason. 

you all are welcome.