The Rakyat’s Bank of Choice? Thursday, May 10 2007 

Suvarnabhumi Airport, Bangkok

A good mate, Ally, asked me about this incredible deal that she had heard Bank Rakyat is paying out for fixed deposits. She had heard that they were paying out not 6%, or 8% or even 10% but…get this, 15% in “interest”. Although cynical that such a deal could exist, my curiosity was piqued and I decided to google for more information. 

 

It turns out that there is indeed such an offer…but it’s not exactly interest you’re getting. It’s dividends… (more…)

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Highest fixed deposit rates in Malaysia, and bank BLR’s (16 Jan 07) Wednesday, Jan 17 2007 

Here are the latest rates that I’ve extracted from Bank Negara’s info website (www.bankinginfo.com.my):

Fixed Deposit Rates

All banks are offering 3.70% over 12 months for fixed deposits (FD’s) below RM1m except:

Alliance 3.80%
Ambank  3.80%
Bangkok 3.75%
Deutsche 3.75%
EON 3.80%
Nova Scotia 3.75% 
(info updated by BNM on 16 January 2007)

Base Lending Rate (BLR)

All banks have adhered to Bank Negara’s prescribed BLR of 6.75% except:

Affin 6.8%
Citibank 6.8%
ABN Amro 6.5%
JP Morgan Chase 6.25%
(info updated by BNM 15 May 2006)

However please note that the effective housing loan rates that you pay on your bank loans will be dependent on the type of loans (fixed, variable etc) and packages (eg BLR + 0.2%) entered into.

So you’ve missed out on ASW 2020…now what? (2) Saturday, Sep 9 2006 

reit.jpg

I covered the products offered by banks in part one of this post about alternatives to the ASW 2020. In this instalment, I will cover the hot topic of REITs.

More and more REITs are coming onstream since the launch of the Malaysia’s maiden REIT back in 2005, the Axis REIT. REIT (pronounced “reet”) stands for real estate investment trust. Given Malaysians’ love affair with bricks and mortar, this is a very flexible investment vehicle that allows us to indirectly own a stake in say, Starhill Gallery or the Kuala Lumpur JW Marriott simply by buying the building’s REIT through Bursa.

What’s more you don’t need a lot of money. The closing price of the Starhill REIT as at 8 September 2006 was RM0.95 and 1,000 shares will cost you just RM950. If this sounds interesting, read on…

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So you’ve missed out on ASW 2020…now what? Thursday, Sep 7 2006 

Judging by the comments from my ASW 2020 post, 9 out of 10 people (if not more) missed out on the ASW 2020. So if you’re one of those poor souls — all cashed out and no place to invest… 🙂 , I thought it’d be good to get creative with some alternatives to the ASW 2020 that you could consider. The list is not exhaustive so, you’re welcome to add more ideas through the comments section. Whatever it is, nobody mention Swisscash or Swiss Mutual…puurrlleeeassse!!

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Best Fixed Deposit Rates in Malaysia Monday, Aug 28 2006 

Fixed deposits are still the most popular form of “investment” in Malaysia. As of June 2006, the amount in F.D. accounts attributable to individual investors stands at a whopping RM205 billion. 

However, with the latest inflation figures still hovering above 4%, and the F.D. rates not quite catching up, the danger of negative real returns is fast becoming a reality. Still in these uncertain times, many people continue to favour this asset class to other riskier investments. As the saying goes, “cash is king”.

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