Definition of balance transfer
A bank agent called me few days ago to introduce the bank’s new balance transfer program. I do have a rough understanding of what balance transfer means, but figure that I might as well do a bit of research and post it here. Definition of balance transfer (source: CreditWeb): A balance transfer is an option [...]
Fixed Deposit (FD) rates of banks in Malaysia (August 09)
In March, I wrote a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Not much change since then. Here’s the update for the month of August 2009. Bank 1 month 3 months 6 months 9 months 12 months Affin Bank 2.00 2.10 2.20 2.30 2.50 Alliance Bank 2.00 2.00 2.00 [...]
Is it still worth it to put your money into Fixed Deposits?
In my recent post about Fixed Deposit (FD) rates in Malaysia, I couldn’t help but noticed that the rates are pretty similar from one bank to the other. All of them have very very low rates ranging from 2% to 2.5%. So for example, you put in RM 5000, which is the minimum required for [...]
Fixed Deposit (FD) rates of banks in Malaysia (March 09)
In January, I posted a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Since then, our Bank Negara (Central Bank) has reduced the interest rates twice. Thus the changes are quite major. Bank 1 month 3 months 6 months 9 months 12 months Affin Bank 2.00 2.10 2.20 2.30 2.50 [...]
Malaysia’s economy is not good at all
I went back to my hometown Kluang for Chinese New Year break and I’ve noticed a lot of businesses were doing rather badly…even during CNY season. People are cutting down on their spending (not the rich ones of course, since they’re still buying posh cars, properties, etc). My neighbor who is a fish monger, told [...]