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Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
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Human Nature
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 Jun 29 2019, 10:30 AM
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QUOTE(bbgoat @ Jun 29 2019, 09:46 AM) CIMB RM while trying to sell some wealth managemnt products, said second half of the year, BN may drop the OPR to 2.75%. The major banks will definitely drop further the FD promo. For me, 4% is the threshold I used. But may have to drop to 3.9% promo rate. But really, when the time comes, who knows ? How about u ? QUOTE(guy3288 @ Jun 29 2019, 10:01 AM) My lowest now is 4.38% HL online FD due in August ,any lower i will move to Amanah Saham Long term 5 yrs FD min 4.5%, minemostly BR 4.83% if not move elsewhere I have been seeking refuge under the UOB 3.93 since the recent OPR drop. My threshold will be 3.75%. Yeah, I will be looking at part EPF and part long term FD too when the inevitable comes. |
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Human Nature
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Jun 30 2019, 01:15 PM
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Well let's see, the next meeting for OPR is 9th July. Having some FD with Ambank 4.4% maturing this month, so it will be a real pain if there is another 0.25 cut. Going to Ambank for another matured FD tomorrow and then will decide based on any new 1st July promo. Finger crossed ambank suddenly have a promo to retain me  |
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Human Nature
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Jun 30 2019, 01:25 PM
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QUOTE(ProxMatoR @ Jun 30 2019, 01:21 PM) OCBC and UOB is reducing their FD promo rate for July already... heard that AmB no promo till now... looks like they might hold on till 9th July meeting on OPR.... really not hoping to have another OPR cut so soon.....  good and bad, mixed feelings  If you know the rate for UOB and OCBC but can't reveal it today yet, hope you can share out tomorrow morning |
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Human Nature
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Jun 30 2019, 01:31 PM
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QUOTE(lowya @ Jun 30 2019, 01:26 PM) if no promo by then, you are willing to burn 9 days for OPR news? If really no promo, then i will run to BR. If there is a promo with better rate after that, can still do some recalculation to see if it's worth it to premature withdraw and jump to new promo. That's the game |
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Human Nature
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Jul 1 2019, 09:37 AM
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6M FD 3.6%
12M FD 3.7% interest to CASA
OCBC
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Human Nature
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Jul 1 2019, 10:43 AM
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UOB islamic
4m 3.65%
7m 3.75%
12m 3.85%
Ambank
No new promo
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Human Nature
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Jul 1 2019, 10:51 AM
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QUOTE(CardNoob @ Jul 1 2019, 10:46 AM) Yes I suppose |
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Human Nature
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Jul 1 2019, 03:58 PM
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QUOTE(chewysoon82 @ Jul 1 2019, 03:20 PM) UOB Promo for one year left 3.8% only... Confirm? I am in uob now and they said conventional promo rate not released yet |
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Human Nature
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Jul 9 2019, 11:25 AM
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BNM meeting on OPR is today. Finger cross for no bad news
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Human Nature
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Jul 9 2019, 11:56 AM
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I feel some banks are taking today's outcome into consideration before deciding to launch any promotional rate or not. No promo rates from UOB, Ambank and CIMB is making me jittery.
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Human Nature
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Jul 9 2019, 04:51 PM
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Okay good, hope we can see more promos from the banks
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Human Nature
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Jul 10 2019, 08:38 AM
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QUOTE(ProxMatoR @ Jul 9 2019, 11:46 PM) UOB july promo rate was out already ah.... lower than june ah.... :confused: :confused: What is the rate? |
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Human Nature
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Jul 15 2019, 08:58 PM
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BR 4.28% 11 months
Let's say for RM10000 deposit, interest at the end of tenure is RM392.33
Is this calculation correct?
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Human Nature
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Jul 15 2019, 10:20 PM
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QUOTE(Deal Hunter @ Jul 15 2019, 10:00 PM) No it is wrong. You still have no basic idea about how the interest is actually calculated by banks based on Interest Bearing Days (IBD). If you place in July, you will usually get 393.99 based on 336 IBD. If you place in August, you willl usualy get 392.82 based on 335 IBD. I won't explain about unusual exception cases as you obviously won't even understand yet how to benefit from them. Click "Show posts by this member only" to read my previous posts on the peculiarities of calendar arithmetic in FD so that you won't lose money and also to gain more money. Most folks do not have any idea at all what they are missing by simply operating buta buita. i know the difference between the no of days in a different month. I am using a simplistic calculation in my example. |
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Human Nature
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Jul 30 2019, 11:27 PM
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QUOTE(fkinmeng @ Jul 30 2019, 11:22 PM) can i go to the bank, withdraw from 1 cimb account and put in into another account as FD? Different account holder. my experience, cimb is not strict on fresh fund requirement |
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Human Nature
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Aug 22 2019, 10:11 PM
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QUOTE(whycanot323 @ Aug 22 2019, 04:35 PM) Yes, not protected by pidm |
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Human Nature
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Sep 2 2019, 09:24 PM
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Can we just stick to FD discussion?
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Human Nature
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Sep 10 2019, 01:46 PM
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QUOTE(good1115 @ Sep 10 2019, 01:44 PM) Want to ask sifus here... I placed FD OTC on 8 Jun 2018 for 15 months, matured on 8 Sep 2019 and is on a Sunday, 9 Sep was PH and I loss out 2 days interest. Is this normal practice? Can I complain to BNM? May I know the channel to complain this issue? which bank? |
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Human Nature
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Sep 12 2019, 10:21 PM
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QUOTE(Wong Kit yew @ Sep 12 2019, 03:08 PM) Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent. http://www.bnm.gov.my/index.php?ch=en_pres...ac=4914&lang=enoh syukur  hope banks will follow up with a small promo until the next meeting |
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Human Nature
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Sep 30 2019, 12:46 PM
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Just done moving fund from UOB to BR this morning. Got charge RM5.65 for cashier order. They said it was revised last year but I recall it's still RM2.xx the whole of this year.
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