The worst is myASNB although not strictly a banking app

Btw, I read with interest lengthy debates about how 1 cent is a matter of principle and veterans languish at how some banks limit your deposits to rm250k.

I'm curious if anyone has ventured abroad to deposit elsewhere where the returns are higher? 10 years ago CD rates in New Zealand were 7%... and even today that same rate is accessible in other countries. 😊

This post has been edited by gooroojee: Feb 12 2022, 08:09 PM

Comparing foreign FD rates to Malaysia FD rates is still ok IMHO, because it's still relates to Malaysian FD on one end, and is still a discussion about FD.

Like others have said, putting FD in foreign currency is a lot more about betting on FX than about the FD returns.

I have only a small amount (5 figures) in foreign FD, but also because I have various uses for the local currency there at any time, so I don't need to bring it into Malaysia.

I tried today, and kept getting system error before even hitting the FPX page.. I guess their system really unstable...

Does it compound ?

Public bank and ambank also offering 4.5% for !8 months isn't it?

IBG at the branch can go as high as RM1 million isn't it?

Alternatively, if it's a business account transfer limits are also much higher.

Erm, mana SOS ?

Oh for VIP customers only I guess.. with minimum deposits in 6 digits?

If Malaysia rates go double, a lot of people will be going bankrupt... I think..

Eventually we need to turn off battery saver for our apps and the phone battery will die pretty quickly..

For MAE, I have secure2u on my M2U app, and MAE will prompt the other app for approval. I need to approve while avoiding to login as logging in there will kick me out of MAE.. 😅

It's in general announcements https://www.pbebank.com/Announcement.aspx

Scroll down a few pages and you will see it:

Revision of Promotional Rates for Campaigns

Please be informed that the promotional interest / profit rates for the following Campaigns will be revised with effect from 19 December 2022:

Don't kill off people with business, property and other loans leh...

May I know what's the main difference between paying monthly vs. 6 monthly? Is it for compounding interest difference? Or to have cash flow? I would have preferred to leave all interest untouched anyway..

12 months OTC only and while RM200 million allocation not yet filled up. Minimum 5k deposit.

Can't find link to T&C either..

Term Investment Account isn't a fixed deposit account...

Ok cool. No worries. I am relatively new to this thread and thought it was purely about FD only, and your TIA post was the first time I've come across it since I started following this thread. Also, you had just posted about the eFD promo from HLB just 1-2 posts earlier, so as I was reading and scrolling the page, I thought it was a continuation on the same topic.

Personally I don't go for TIAs as the non-guaranteed projected rates are basically their cap on your profit, and it may end up being lower, so there is a potential downside with no potential for an upside, and no PIDM protection. Anyway, I'm sure this has been discussed in detail in earlier threads. Good luck though.

On the 6-month placements having the higher rate than longer term placements, it's not a mistake. It's a targeted FD campaign looking to attract RM350 million in funds, intended to be subsequently invested by the bank based on that time window.

Can if you have a valid visa, but forex movements can be volatile and a lot more than the ~5% difference in FD rates.

PS: I haven't seen 11% FDs in VN. Mine is at 9%, and I have seen 9.8%.

oh damn... sorry to hear that... but appreciated your sharing very much