Last call! Last call!
Standard Chartered Bank FD promotion 4.88% for 3 months!
The shortest tenure with the highest interest rate in the town! Last 8 days to enjoy the promotion!

Features of the promotion:
- must be new priority banking customer to bank (no profile with the bank; credit card holder is ok)
- minimum placement is RM250,000
- 4.88% for 3 months is capped at RM200,000
- balances of RM50,000 at board rate of 2.5% for 3 months
- effective interest rate is 4.404% (the highest in the town currently)
- need to open saving account

Don’t miss the last chance of grabbing the promotion! Interested please feel free to PM me.

Merry Christmas and Happy New Year 2023!

If you have extra cash of 200k now, and your outstanding housing loan is RM1mil at 3.9%, FD rate is 4.8%. Do u want to use that extra cash 200k to pay your loan or put in FD? See below illustration:

1mil * 3.9% / 12 = monthly loan interest is RM3,250
(1 mil - 200k) * 3.9% / 12 = monthly loan interest is RM2,600
If u use that 200k to pay loan, u save RM650.

However, if u put in FD that gives u 4.8%, 200k * 4.8% /12 = monthly fd interest is RM800. It is higher than RM650 by RM150. Use the RM650 from RM800 to pay the loan interest and you have extra RM150 as pocket money.

In most circumstances, loan interest is always higher than FD interest. In addition, if you place fd with 2 years tenure to get the 4.8%, the risk is the uncertainty on how many times the OPR will raise that may result in loan interest rate is higher than fd rate eventually within the 2 years period. So, assess and calculate first before any decision.

Mind to share your view on decision to place the 24-month Fd with PBB since now most people want short term only?

What’s the T&C?
Any link to it?
Try to screenshot the picture and upload the screenshot copy.

Hi all the sifu here, my fund is available next week, considering either go for short term (Ambank 2 months at 4%) or just go for long term PBB 24 months at 4.8%? Can share your views? Thank you.

Hi, do you know what is the SCB FD rate for 3m for existing customer? The 6m 4.18% is it only for new customer?

RM from Ambank or B.Rakyat?