Extremely unrealistic. 3.6% current rate (without the invest part) cut down to 2.1%? (without the invest part) That's a 150bps cut when BNM reduced OPR by 50bps. More likely the save portion will reduce to 1.50% from current 2.0% to a total of 3.10% without the invest part and 5.10% with the invest part.

if this is the case, it makes sense to do monthly investment to boost up the savings rate by more than half fold yo.

exactly what BNM wants

okay, so i moved half of my PSA to rhb's 3.3% 6 months efd promo. i shall see if the 'gamble' pays off.

What's the monthly investment of their product which is good for us?

Well, 1st deposited in Jan, my RHB asian income fund with them is still losing 9%, enter at your own risk.

RM 1000 monthly gives you 2.0% bonus for RM 20000 in your PSA
RM 6000 monthly gives you 2.0% bonus for RM 100000 in your PSA

Sales charge is 2.0% for the eligable products. For example, a bond market funds is not eligable because lower SC than 2.0.

So basically it's for offering the sales charges. Worthy?
OH oh..

Minus 9 is not too bad, many minus 20, many 25 now. But long time it was a good starting point, just the first deposit in Jan was a disaster.

It is a good offer, practically you save the sales charges completely and get even a little bit $$$ on top. But only for people who have interest in unit trust and are aware of the risk. At the end the sales charge is not the important thing, either the unit trust will gain much more than the bonus interest or lose much more.

Note that unit trust not just have a sales charge, there also annual management fee of around 2%, but that goes not to SC.

My opinion, it is a very good time to invest in stocks. If you don´t have your own stock account you can take use of this offer. Ask your RM for a unit trust that invests in Samsung, Taiwan Semiconductor, Tencent, Alibaba ...

Just open PSA, so if start depositing this month >RM3K n use CC >1K, I can start collecting the 3.6% Interest for May even though it is a partial month?

Yes.

How long will the 3.6% last? SC have yet to revise the changes from latest OPR rite?

As long as SCB hasn't made any sudden announcements. Afaik, no changes from SCB yet

Be patient 21 days before 1/6/2020.
Maybe it could come in weekends though.

I have the feeling SC is too serious to change the May rules on Friday, 29th (I know according to their TnC they could do it even on Sunday 31st)

Hopefully they will not proove me wrong.

Because of this PC?

Standard Chartered Malaysia cuts base rate by 50bps effective May 14

https://www.theedgemarkets.com/article/stan...ffective-may-14

so far SCB has given 21 days notice when they change product features so i think it is OK to give them the benefit of doubt

who knows, maybe might same like ocbc style

is there any caveat on the rm1000 spend on credit cards? e.g. no bills like tnb, no donation etc.

I think no but ideally you'd wanna maximize on those categories that may earn you cashback if you're using cashback cards