2 days ago, Bank Negara Malaysia (BNM) announced the OPR rate cut of 25 basis points. This means all banks will reduce their fixed deposits (FD) rates further to 1.75% – 2%. We are anticipating another cut in September by another “25bps” bringing FD rates to as low as 1.5% pa. Below is a comparison of what income/profit you can get for FD and Bonds with a capital of RM100,000. Would you prefer to get RM1,500 or RM4,500?
We help clients to diversify their money to bonds for a much better return from FD. Text us for more info.
Tags:Bank, BNM, Bonds, Finance, Fixed Deposit, Income, Money, OPR, Overnight Policy Rate, Profit, Rates, Saving, Saving Instruments, Savings