did you managed to get the answer for that?

Funny how it's 61years and not whole number, transferred from your savings account then?
4.85% is pretty high, especially if it is compounded yearly, but not sure if offer any protection against inflation with crisis looming on the horizon

No, but the Indos usually have this crisis first

Not much you can do, just don´t put all money in MYR, some EUR, USD, SGD and CNY in foreign currency account (with shitty interest rates) will help.

Gold account is alternative since Gold is really low.

I know this is a FD rate only but seems like FD only has local FD or Foreign FD or hybrid with mutual fund.
Mutual funds are often on stock market so, left Gold and bonds.
Bonds have high cost of entry.

Only one other instrument is cryptocurrency but not enough data to see how it would react to economic change.

Yes, all major banks offer this with different conditions. To get good conditions you need to be preferred/premium/... customer.

The interest rates are always much worse than for MYR (only CNY sometime can bring good interest), but when Malaysia get stuck in Emerging Market crisis, this is a save harbour that probably brings more than 5 or 10% return.

According to my experience it is always good to mix, not bet on one thing. Stock market, FD, FX, this 3 things I need, but not more. I also have a little bit Gold investment in case all other things fail

Which bank?

......
Are we exposed to phishing if we keep using that shared link?

How to protect ourselves form phishing?
For me ,
I change my login  password each and every time after getting that 4.5% eFD
on the shared  link, quite troublesome.

Any  better suggestion other than dont use that link?
....

Ytd have some discussion with a old timer, uncle
He said since FD for long time which usually won't use it, park the money in pb on board rate but it's compounding interest

So my question, aren't much better than chasing promo rate which is definitely higher.

What your guys thought on this?

100k @4.5% = 4.5k per annum (promo)
100k @3.3% = 3.3k per annum ( on board)
I'm not pro in calculating compounding interest but will compounding interest exceed the promo given than in 5 years both providing same rate?

Keyword is compounding, meaning interest credited monthly into capital then recalculate based on that for next month. Sometimes bank call it interest add on

I believe the calculation is flawed but not really sure. Hence asking here

just went shopping for FD rate,.. UOB rate at 3.88% for 12 mth,.. Bank Rakyat at 3.8% fro 12 mth but can nego to 3.9%,..  but only last this 2 days,.. heard from them Bank Negara gonna announce new rate on Nov 5th,... probably going down again,..

Yes, spot on exactly on this. Too bad because we are tied to the USD

Hi, I am sorry to ask, what is SRR mean? 

Hi Guys, just got the infor fr Maybank. Is this a good deal?

FD tenure: 3 months
FD rate: 7.30% p.a.
Min investment: RM20k

ASNB fund: ASN SARA
Sales charge: 3.5%
Min investment: RM20k

Certainly not, you need somebody calculate 7.3-3.5=3.8 for you?

And only 3 month tenure, so no even worth to think about.

But 3.8 is still OK right?

Does anybody which bank is the best bank to do mutual funds? Some say Maybank and some says Public Mutual

Is there any specific thread or blog on the best deals in cost of various foods, canned food, household items aimed specifically at those who cannot really afford anything but the cheapest possible? Any government or consumer or foodchain marketing info?

I was    as i try to feel those that relied on FD as a passive income for their expenses...
they must be feeling