yes
why?
because the article says "OPR likely cut by 25 bps at March meeting"

and forummer had been mentioning "in the event those who think it has a high chance to materialise" and "Some people depends on such forecast to plan their FD."

just 7 days ago....

BNM unlikely to cut OPR further in 2021 — Affin Hwang
February 04, 2021
https://www.theedgemarkets.com/article/bnm-...%94-affin-hwang

who gonna be right?

Kategori Had Umur Bagi Tujuan Pembukaan Akaun
https://www.ptptn.gov.my/kategori-had-umur-sspn-i-side

Yes... Not fixed, but for the pass many years it had been 4

what you mentioned seems like "Old" criteria...
for latest "Pengeluaran" criteria,...see this
https://www.ptptn.gov.my/pengeluaran-penutu...aun-sspn-i-side

there had been mentioned by many forummers about their experiences about "can withdraw anytime" ....

this is FD thread,...for more questions/comments/queries about SSPN can try
https://forum.lowyat.net/topic/1819492

Looking back, has depositors ever lost their money in fd or saving a/c before due to banks having financial problem?... Like during Asia financial crisis or any sort of that?

The merchant claims it has not received my payment although the FPX transaction status is successful. What should I do?

FPX transaction status is final and the merchant is obligated to deliver the goods/services or to update your payment in a timely manner. In this case, you should contact the merchant for the delivery of your goods/services purchased. You can provide the necessary details such as the online receipt issued by FPX/merchant or the email notification received from FPX that contain the following details:

i. FPX Transaction ID
ii. Merchant Order No.
iii. Payment amount;
iv. Date and time of the payment.

https://www.paynet.my/fpx/faq.html

PIDM member banks:
https://www.pidm.gov.my/en/for-public/depos...s/member-banks/



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different tenure but under the same a/c type also not covered, on any cumulated excess of RM250k

separate deposit insurance protection of up to RM250,000 for a depositor with deposit accounts under each of the following categories:
https://www.pidm.gov.my/en/for-public/depos...verage-for-dis/

This post has been edited by MUM: Nov 29 2021, 01:49 AM

do you mean this?

https://www.ambank.com.my/ambank/Documents/...FDTDandFCFD.pdf


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See his reply to a similar question asked earlier in in a post above yours?

I think many would be more concern of the risk of inflation and the risk of MYR depreciating that would chip away the purchasing power of that 1M in FD, than the concern of chances of possible happenings of structural failure of banking system in malaysia.

This post has been edited by MUM: Jan 8 2022, 03:29 PM

Portfolio mgmt involves risk, unlike FD. In which pidm gives extra peace of mind.
Portfolio mgmt is just a fancy name for taking on risk.
If not properly practised, or applied at the wrong time, the risk reward may not be rewarding enough for the work, time and risk placed with portfolio mgmt.
To some people, placing money in FD is also part of their portfolio mgmt too.

This post has been edited by MUM: Jan 8 2022, 05:30 PM

Yes, that is very true.
Btw, the % of adults malaysians with more than MYR400k (USD100k) in net worth is if I am not mistaken is less than 5%
ONLY 0.2% of adult Malaysians were categorised in the over US$1 million
The remainder 3.7% was placed in the US$100,000 to US$1 million wealth band.
https://themalaysianreserve.com/2019/10/22/...wealth-bracket/

How many millionaires are in the US in 2020?
just over 8% of Americans are millionaires.
https://spendmenot.com/blog/what-percentage...e-millionaires/

if 8% are millionaires,..then those having net worth of USD 100k would be definitely more than 5% as posted

This post has been edited by MUM: Jan 8 2022, 07:53 PM

While waiting for responses, you can try sspn thread and or Kenanga digital investment thread (look for KD SAVE product) if you want to explore more...

YES

There is also separate deposit insurance protection of up to RM250,000 for a depositor with deposit accounts under each of the following categories:

a) Conventional and Islamic deposit accounts

more
https://www.pidm.gov.my/en/for-public/depos...verage-for-dis/

This post has been edited by MUM: Mar 1 2022, 08:57 PM

Good if you really not concerned of the "lock in" condition of epf...

postings in SSPN thread....mentioned some had been doing that since few years ago

When is the actual date of pull out?
Is it still within the period offered by that fd duration?
Usually under the normal situation, other banks would take over the business... Else current borrowers no need to pay back the loans?

Googled and found
Maybe this??
https://www.ambank.com.my/ambank/SiteAssets...romotionTnC.pdf

https://www.ambank.com.my/eng/promotions-pa...Bundle-Campaign




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