Comments for AhYap's Blog

Comment on Malaysia Bank Fixed Deposit Interest Rate by MTan

MTan — Sun, 21 Mar 2010 15:14:52 +0000

Hi! Yap, thanks a lot for your tips.

Comment on Malaysia Bank Fixed Deposit Interest Rate by AhYap

AhYap — Sun, 21 Mar 2010 06:34:17 +0000

@winson, hmm, I think if you are buying on a joint name basis with your name included, you can use your singapore tax return. But if you use only your wife name, it is almost impossible without tax return. Money can be bring in and out easily lar, Malaysia is bolehland, and I understand Singapore is kiasu land, when you are in Malaysia, think the Malaysian way. [All Singaporean pay saman in Singapore, they never pay in Malaysia].

There are restriction on cash that you can bring but I have never seen them check at all. But if the amount is too big, you just telegraphic transfer it and pay the bank some fees. Some money changer also do that but it is illegal.

Comment on Malaysia Bank Fixed Deposit Interest Rate by AhYap

AhYap — Sun, 21 Mar 2010 06:30:00 +0000

Almost similar. Locked to FDR rate has advantage because bank can up the BLR a lot but keep FD very low. So if you have extra money you also can’t reduce your borrowing cost if that happens. On the other hand, if it is locked to FDR, whenever you have money, and put it into FD then your borrowing cost is reduced to 2% if you are taking FDR + 2%. But the best way is still to use a “current account linked” home loan. This way, you can offset it fully by putting extra money into the current account [but these account cost your extra RM120 fee each year].

Comment on Malaysia Bank Fixed Deposit Interest Rate by Winson

Winson — Sun, 21 Mar 2010 02:44:07 +0000

Hi Yap,

I’m a Singaporean and my wife is a Malaysian, have intention to deposit some cash in FD at any Malaysia’s Bank. Any idea how to send the cash over due to some restriction set by both countries for me to bring cash over to Malaysia.
Moreover, we also intend to buy a property in Malaysia, however, banks won’t loan to my wife. She is working with her family member for 1 year plus, with no EPF and Income Tax deduction. Please kindly enlighten us on the above. Thanks

Comment on A Picture for CibaiLang.com – Cibai kia looking at Cibai by ooty

ooty — Sat, 20 Mar 2010 18:58:20 +0000

illegal kid

Comment on Malaysia Bank Fixed Deposit Interest Rate by MTan

MTan — Sat, 20 Mar 2010 16:41:50 +0000

Hi there! Ah Yap,
Recently, I found out that EON Bank has this home loan package that is pegged to the fixed deposit rate, something that is unheard of. Any disadvantage or advantage of this type of home loan (FDR base) compare to BLR base home loan?

Comment on Malaysia Bank Fixed Deposit Interest Rate by Joyce

Joyce — Sat, 20 Mar 2010 14:36:28 +0000

FD can loose out your capital if inflation is higher than interest rate. eg. RM100,000 in FD paying interest 2% p.a. and if inflation at 6%. after 1 year your RM100,000 can only buy RM96,000 worth of goods as inflation already eat into your capital. Think about it….

Comment on A Perak Petrol Station is For Sale. Is this a Good Investment? by nick

nick — Sat, 20 Mar 2010 06:47:53 +0000

i’m interested in buying a petrol pump preferberaly petronas or shell
mail me at sk8er_boyz_15@yahoo.com

Comment on Malaysia Bank Fixed Deposit Interest Rate by DonWOng

DonWOng — Fri, 19 Mar 2010 17:37:14 +0000

Does anyone know what kind of investment products do citibank, OCBC and Hong Leong are offering at the moment? Request for terms and condition and past annual performance of their products.

Comment on Malaysia Bank Fixed Deposit Interest Rate by DC

DC — Fri, 19 Mar 2010 05:53:43 +0000

I heard there are some good investment plan from Hong Leong Bank. Deposit RM5k and get RM1k a year… but your money will kena locked in for some time(Unsure). Now all bank FD are inconsistent as the range are from 2.4-2.75% Then got so many bloody plans. Why they don’t make a single plan to be beneficial for citizen? Haih… ~.~