Saw news US going to bring interest down in next yrs.. believe MY will maintain the OPR rate at 3%

my fd just got renewed on mbsb. only 3.2% so i've opt out

Quick Question.

Currently Maybank FD rates are 2.6% for 1 month & 2.8% for 1 year.

If I place RM 100k FD for 1 year.

1 year term, I will get RM 2,800.

If 1 month term * 12 months, is it RM 2,600 ?
OR
Does it compound monthly, to become RM 2,631.21 ?

Thank you

Is Affin Bank frequently have efd promo with interest rate higher than most of the bank?

I am thinking whether is it worth to open a basic saving account with no annual card fee for efd placememnt in future.

Kindly share your opinion. Thank you.

Thrash

hah ha that old kiasu.......i remeber asking him just how much extra he can squeeze from  banks for say a FD of RM1M..  not even RM10 i think.

2022 😊

This AmBank complicated bonus interest really sucks. Not sure if their software problem or intentional ?

Anyway has to send complaint email to them. I am sure I met the 3k xfer & 1k mthly spent  requirements.

Hey Peeps, Can we get back to FD discussion ..... or sharing of FD rates for Jan 2024?

Yes - all banks in MY are in cahoots to not raise rates anymore as cost of funding have gone up and all of them are just chasing higher growth. if you see latest ceo statements, most say rates are not as competitive as last year..

unless digital banks comes in aggressively to compete then we wont see any higher FD rates anytime soon! Better invest in banks and earn from their higher profit and dividends. =)

then should offer special CNY rate of 5.88% (with some bundle since Pure FD won't be hitting that level anytime soon)

MBSB offering 3.9% for up to 5yrs if anyone interested

yeah found out the problem is i got no Debit card!

like that  must quickly go catch that 4.4% before its too late....
i plan to go tomorrow, i cant find  the MBSB saving book...

suddenly i cant remember  my MBSB got saving book or not....

Savings Account-i
2005xxxxxxxxxx60, you guys got saving book?

without saving book still can withdraw  to do FD with IC only?...

I tried  login MJourney online, it seems no e-statement available for download...

Note-just unable to do a correction on quoting...dont know where is the fault..

so what the best bank besides cimb

cuz lazy to drive down just to open saving account

Doubtful if really only now bank muamalat opens up to non Muslim...

No such discrimination in banking sectors for FD placement... All money is welcome with open hands & door wide 🤣🎉

no choice i got 4 banks to manage.. 5 i already pening.

All got yearly fee or those typical BSA type?

Really eat your $$$ by the banks.... For the yearly fees 😁

So-called CNY Promotion 

Basically the "best" FD Rate

3m - 3.60% @ Public Bank

6m - 4.05% @ Bank Muamalat

12m - MBSB Bank 4.4% effective
correct??

I just opened my MBSB PrimeWin account, quite painful since need HQ approval meaning a lot of things need to wait and has little issues such as TAC SMS number not registered etc. But what to do as now best promotion at 4.4% effective.

But two things if guru can confirm, this Primewin account needs to lock in 25% and min rm100. However it seems the online banking doesn't lock in this amount? I see I can still transfer it out.

Second is online banking shows Saving Account i without showing the account type. Anyone else having this same experience?

I don't know why other banks lag so behind this MBSB. A bit ridiculous the next best rate is 4%... anyway I will pump all those maturing FDs into MBSB...

MBSB
12M- 4.4% effective
https://www.mbsbbank.com/promotions/chinese...-combo-campaign