Easier to find water in the desert

For what its worth Goldman Sachs economists expect Fed to raise rates by 50 basis points in the next 2 months May and June. So will BNM be forced to move faster?

The 2.15% was bound to fail. Now 2.35 for 2 days what do you think I am ? Desparate?

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If FD pays 3.05%pa 70% fd 30% casa you don't get 2.77% effective rate. Roughly 2.1%?

For my branch the 2 yr rate is no longer available

This is a TD/CASA combination with 70:30 ratio. The rate campaign is the interest rate the bank will pay for the TD portion of your investment. Roughly the effective rate is 70% of the rate campaign.

IMHO FD for 2 years duration should be paying 3% in current outlook

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?

Do you know when interest is paid on 2 and 3 year FDs?

Some banks purposely depress short term tenors thinking this strategy will force savers to place longer term rates. 3 years paying rates of 2.75 to 2.8 are frankly not attractive enough. At the moment I am holding on to cash and waiting for BNM's response nest week. Inflation is the biggest reason for hike covid or no covid

UOB FD promotion:

Islamic 6m 2.1%pa 12m 2.45%pa
Conventional 6m 2%pa 12m 2.35%pa

UOB research expects Asean central banks to start lifting off only nearer to the second half of 2022, compared to global peers who have already begun tightening rates.

In a note on Thursday (Feb 24), the team said the Bank Negara Malaysia (BNM) and Philippines' central bank Bangko Sentral ng Pilipinas (BSP) will impose their first hikes around the end of Q2 2022, at 25 basis points (bps) each.

This will be followed by a 25 bps rate hike from the Bank of Thailand (BOT) in the third quarter, and a series of hikes by the Bank Indonesia (BI), anticipated to be the most hawkish of the 4 with an expected cumulative increase of 100 bps in H2 2022, in UOB's view.

UOB FD promotion:

Islamic 6m 2.25%pa 12m 2.60%pa
Conventional 6m 2.15%pa 12m 2.5%pa
Stingy bank at least PBB and MBB passed on full OPR increase in thier FD board rates

My 3 mth TIA of 2.35% with HLB was placed in Feb'22 when OPR was 1.75%. Now when OPR is 2% HLB offer TIA at 2.3%. I agree with the above comments have to drop HLB now!

If you do not have a savings/current a/c with the bank you are intending to open the FD with, the normal method of funds transfer is with either your own cheque or banker's cheque. These you present at the counter to open the FD

It says exclusive on your first efd placement

Misleading info only the 1 year increase the 3 and 6 months are unchanged

Malaysia need not follow as inflation here is lower due to fuel subsidy. They may buy time and watch developments in Ukraine as west seems keen to end the war

Too stupid to be true. I don't believe it