CIMB

[MadDog70]

Given Malaysia's political and economical state, many are suggesting to pull out their funds from CIMB.

Any view?

[Eric4285]

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.

 

[Spring]

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.....

[Sci10213]

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.

[Dleodleo]

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.

[Spring]

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

[elantrafan]

Singapore Bank Deposit is insured up to 50K. So if your amount is <= 50k. No worry.