i remember B rakyat 4.05% 6 month pays interest monthly. you check
i prefer money in my hand rather than keep i banks unless bank paying interest

No need 10M so much la, eg my Citibank FD only 1 Million,monthly interest is RM4000, takkan i tak mahu tell them keep till maturity only pay me.

Keeping track of monthly interest coming in can be a headache like my many BR FDss staggering , and allpaid monthly.
i keep manual recording once a while, but after checking  few times i confident they  dont cheat me.

so long as money come in enjoy dont care from Fd kah, shares kah, rentals kah, bonds kah etc.
yes i agree banks would be happier if let them keep. it can be in RM millions if all let them.

u mean shares , UTs as in 100% equity?... still playing not active.
AMPrec metal good lo, 2 months back bought RM0.40 and below  now sudah untung >15% !
but  can earn that much can lose even more. dont rely on them
better the slow and steady types

Nope, never have any Islamic TD before.

In rising interest rate environment, it's advisable to go on the shorter end of the FD, ie 1 month or 3 month. Therefore you will benefit from rising interest rate further down the road.

Inflation rate in Malaysia is still too high at 4% in November. Fed rate is already 4.5%. Market is expecting rate in US to peak around 5% in 2024.

Malaysia latest OPR is 2.75%.

It's a foregone conclusion that there will be further rate hike in Malaysia in 2024. BNM need to tame inflation and shrink the gap with US Fed rate.

during nov dec highest rate up to 13% for some bank,
normal bank around 9.8%
but this month back to normal 8.x~9%
*mine auto renew at 7%  *

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Seriously, now those who did not take 4.8 when they can are really fools.

Hai. After putting so much in 4.5 . The next highest is 4.3 alliance bank for me. Unless you can recommend something similar where I dun have to put in 1 million dollars.

I think I will have to consider short term like this. I really hope we can get 4.5 soon.

Anyway. Do you think I should put in versa cash at the moment. I really dun feel like putting it less then say 4.3