Heard that MBB is offering 2.95% for 12 mths FD. Cannot find the T&C and other details online.

This is Taiger bank ma, what do u expect?

Now do you understand why SGD is 3.25 to RM?

This means currently cannot use outside banks fpx, have to transfer funds by duitnow to MBB and then apply islamic FD. Confirm 12mths they pay 2.95%. The mechanism does not follow the instructions they displayed on their website. This bank really no shame one despite showing total lack of professionalism

Trying to match the US in interest rate increase? Why? Will this not push our very fragile economy into deep recession? Want to protect the ringgit by increasing interest rates? IMHO it is not possible as trust in the ringgit does not depend on interest rate but on strong institutions and culture like in Singapore. Ultimately our rate of inflation is not 9.1%. This is my humble opinion. I am targeting 0.25% hike in Spetember for the rest of this calendar year presently.

I got 2.8 tdy using fpx from another bank so maybe 2.75 is from non-fresh funds but internal MBB funds?

I was not able to open Islamic FD in MBB by fpx today. Anyone experienced the same?

But I could manage to do in Hong Leong Bank so cannot understand why MBB so messy

Whether it is related, my online credit card transaction with MBB also failed just now

Rich, secure banks will unlikely give u special above promo rates. Likely it is risky, poorly managed banks that will pay a premium. So my advise is do some risk management as a priority. For example placing 250K in 4 banks secures you 100% PIDM protection whereas placing 1m in 1 bank only secures 250k protection

HLB no reaction todate either head still buried in sand or FD business closed down.

OTC for premier only if I am not mistaken but definitely not online

There are many people on social forums who behave without manners and are plain arrogant. They cause much distress and my advice is not to seek advice from such forums if you can be hurt by their comments

Fed rate decision 21 Sep consensus is 75 points rise with target 4.5% by Feb 2023. Present Fed rate is 2.5%. This strong trend signals further rate increases for MALAYSIA. How high can we tahan bearing in mind elections

don't understand english? Don't simply write la.

This post has been edited by fabu8238: Sep 17 2022, 09:42 PM

The product is for 3 mths and yr calculation assumes a 12 mth return

4.484% is the rate you get if you assume that you invest for 1 year at the rates for the 3 month period. This may or may not be true as the product is for 3 months. Why calculate an annual rate if the rate is based on uncertainty? So I would not rely on an annualised rate in this case

Thank you for yr kind remarks. I hope it makes you feel smug and happy!

I dare not say anything anymore as this topic has suddenly turned toxic and insultingly personal. Just admit I am stupid trying to appear clever.

Increase in TIA relatively small for 12 months as compared to 3 and 6 months. HLB smart reflecting view that rate increases by Fed may be at its tail end