Nee Sern is...

really really sleepy

Monday, May 08, 2006

Stupid banks!

How not to be angry with these stupid banks? Bank Negara raise OPR by 25 basis points. The banks increase the stupid BLR by 0.25%.

And then they make a big fuss out of their increasing FD rates also. The problem is, it didn't increase by 0.25%. Instead, it only increase by a stupid 0.1%. And this is after Bank Negara raised the OPR 3 times, with corresponding increases in BLR! That's BLR 6% --> 6.75% within half a year. And FD? 3% --> 3.1%. Bravo stupid banks of Malaysia!

1 comment:

Anonymous said...

hey, switch to Citibank. higher FD rate! 4% for 1st yr, then 4.2 for 2nd yr and 4.7 for 3rd yr. :) go check it out.

btw, nice blog. keep more of these dhamma discussion coming.