MadDog70 2nd Gear September 12, 2015 Share September 12, 2015 Given Malaysia's political and economical state, many are suggesting to pull out their funds from CIMB. Any view? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Eric4285 2nd Gear September 12, 2015 Share September 12, 2015 Do your own Diligence. Read up their Annual / Quarterly filings. U will get the clearer picture this way rather than thru Hearsay. They are stronger then u think in assets & liquidity. It's all available for your perusal / scrutiny. 3 Link to post Share on other sites More sharing options...
Spring Moderator September 12, 2015 Share September 12, 2015 Given Malaysia's political and economical state, many are suggesting to pull out their funds from CIMB. Any view? Why the panic? We do have deposit insurance of up to $50k per depositor so you won't lose your money n with your spouse it can be covered up to $100k. If u have more than that, u shouldn't be leaving it there n be better off in other investments, my 2 cents..... 10 Link to post Share on other sites More sharing options...
Sci10213 3rd Gear September 14, 2015 Share September 14, 2015 Given Malaysia's political and economical state, many are suggesting to pull out their funds from CIMB. Any view? I think the big picture is not to have any fixed or savings deposits in RM or other currencies. Do only in SGD. 1 Link to post Share on other sites More sharing options...
Dleodleo Twincharged September 14, 2015 Share September 14, 2015 Just to share that Hong Leong Finance renewal of FD is at 1.75% for 15 months (S$50k and abv) but there is a penalty charge of S$50 for premature withdrawal. They allow me to back date to my previous maturity date somemore. At first was thinking to deposit in CIMB as its FD was the highest at 1.7% after I did a comparism with many banks. But I was afraid of the stablitiy as I have already placed some amount earlier in CIMB, placing again will exceed the MAS $50k insurance. Luckily Hong Leong's rate is higher. 3 Link to post Share on other sites More sharing options...
Spring Moderator September 14, 2015 Share September 14, 2015 If u don't want to tie up your funds for so long, after all rumoured that Fed will raise rates soon; you can put in BOC 6mths deposit at 1.65% for below $50k n 1.7% for below $100k http://www.bankofchina.com/sg/bocinfo/bi3/bi31/201508/t20150805_5390181.html 12 Link to post Share on other sites More sharing options...
elantrafan 1st Gear September 20, 2015 Share September 20, 2015 Singapore Bank Deposit is insured up to 50K. So if your amount is <= 50k. No worry. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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