Just curious...is everybody active in this thread > 50 yrs old? Lol.

Lol. I thought young guys wouldn't be bothered with boring low interests FD.

affinsecure pin was input by you during affinsecure setup

damn confusing when they used the word 'pin' since it can be a separate number (from affinonline and card pin)
I too had problem transferring >10k.

unregistered / registered 5-6 times cuz cannot get the 'pin' correct

The existence of PIDM tells us that bank deposits are not risk free. If you have 1M, you would have to split it into multiple accounts to be covered by PIDM. Even then, PIDM funds would not cover structural failure of the entire banking system.

You could say that the risk of bank failure is insignificant, but Lehman proves that it exists. Is structural bank failure less likely than something as unlikely as a pandemic? Even minute risks are real.

U must be very young. FD rate do not have such clause and have to pay the rate agreed until maturity.

I'm in the world top 1%, I think, I put more FD than the rice u eat... lol

Oops, i'm so outdated, i'm still living in few years ago. Thanks for clearing this up. I will think hard to commit or not to commit for 2 years.

Nomura reported Friday that the US will raise the fed funds rate by 50 points in May followed by 75points in June followed by another 75 points in July. The current rate is 0.5% so the 3 hikes will result in a rate of 2.5%!! Probably one of the key reasons why USD/RM went up to nearly 4.4 recently. In the light of this scenario what will happen to our FD rates?

Sidestep a bit,
HSBC is offering money at 1.88% p.a. from CC, max limit 95% of CC, max tenure 2 years.

So looking at it, the best offer seems to be (for now) the OCBC at 2.75% for 13 months. Nice way to make 0.89%or a little less (based on 1 year repayment) flipping. Hopefully, in a few more days, FD rates will go up and make it more meaningful.

It's suppose to be RM 1,880 for 1 year based on RM 100,000. So is this what you mean?

Since we expect opt to rise further next few months, why not put in Kenanga digital investment via KDI save and coumpond at 3% p.a daily until Dec 2022

Not angry at all. I think you misunderstand my post. It is necessary to understand the position of all protagonists in order to reach a reasonably balanced point of view. I want peace as much as anyone but nobody can force Ukraine to accept a peace that would, in reality, be total surrender. Whether you or I agree on that is irrelevant. That is the Ukraine position.

Once again, back on thread. Do you think OPR will rise again tomorrow?

Anyone placed FD in Ambank recently? Did you find any peculiarity in the placement date and maturity date?

Eg. 12 months FD placed on 22Jul matures 24Jul 2023? Is this normal for Ambank?
For other banks, its usually same day/month next year.

Will the interest rates auto adjust based on the OPR adjustment for e-FD placement that is placed before this with older rates?

thanks for advice

i was wondering why people so hard to believe that the interest rates were this low last year!

i was of the opinion that interest rates are only going to go lower for the foreseeable future

completely didnt know that the ukraine war could happen last year

its hard to predict things , i know

short term FD rate wasn't higher. if it is i would have went for short term. no banks in this world would offer 12 months rate higher than 60 months. sure i could go for another bank branch and open an account for higher rates but that was during the lockdown...

I got a shit ton of money and they were in cash and they were doing nothing ,  i was thinking in next 5 years the interest rate is probably gonna be nothing , and i am not going to go in all stocks because thats too risky, so i weigh my portfolio risk and decided that equities are not going to be 100% of it, buying bonds isnt an option so i chuck some of them for 5 years because i didnt want to think about it and they were they are doing something risk free. The rest i put in stocks.

didnt manage to find promo rates at that time.i know they exist i just didnt manage to find it,  are they like on all the time or only limited time only?

lol he replied to me one.