Standard Chartered Preferred Banking is a banking facility targeted to mass affluent market. Mass affluent refer to those with monthly income of more than RM6,000 or those with investible assets between RM72,000 and RM250,000. Currently, there are roughly two million mass affluent Malaysians.
Preferred Banking offers points for customers who use the Preferred Banking credit card, and rewards them with more points if they make online transactions, or have an investment, or a deposit account. They can redeem prizes with these points. Customers also will be served by relationship managers.
Below are the benefits of Standard Chartered Preferred Banking
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Buy for 2011. For December, we would advise investors to return to the market to position for a potential rally in 1H2011. We note that December had indeed been a good month since 1996, posting positive returns 86% of the time. We are, for December, inclined towards the Big Caps, with our Top Banking and Telco sector Buys again being CIMB, Maybank and Axiata. Our Top Buys for December include stocks from the Property and O&G sectors.
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Islamic Cooperative Bank of Malaysia (ICBM) has received the permission from Cooperative Commission of Malaysia (CCM) on 27th November 2010 to start banking operations. ICBM is owned by Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa),
ICBM is the third cooperative bank in the country. The other two existing cooperative banks are Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) and Bank Persatuan Malaysia Bhd (Bank Persatuan).
The new cooperative bank is established a with minimum paid-up capital of RM300 million from the share capital of the existing credit and non-credit cooperatives members.
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December 2, 2010
Fixed Deposit
Affin Bank,
Alliance Bank,
AmBank,
CIMB Bank,
Citibank,
Comparison,
Conventional,
EON Bank,
Hong Leong Bank,
HSBC,
Maybank,
OCBC,
Public Bank,
Rate,
RHB Bank,
Standard Chartered
Fixed Deposit is known to be one of the most secure investment but with a lower return. If you like to invest your money in fixed deposit you may choose from the list below to maximize your return.
Since July 2010, fixed deposit rate does not change very much because Bank Negara maintain the OPR at 2.75% since then. However, banks do make some adjustment to their rate.
The table below are the latest conventional fixed deposit rate as of December 2010.
You may look at this page for the most up to date rates. Alternatively you may want to look at Islamic Fixed Deposit or General Investment Account (GIA-i) rates.
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This post is the continuation of the previous post, “Why Should I Invest or Trade in US Stock Market?”
There are two ways for you to invest in US Stock Market. The first option is invest via our local brokers such as RHB Investment Bank and the second method is to open an account with US based brokers.
I prefer to use the second option by opening an account with US based brokers. The main reasons I choose US based broker are, lower brokerage fees and less forex risk or currency exchange rate. This article will focus on that. If you prefer to invest via local (Malaysia) Stock Broker, you may want to look at “How to Invest in Overseas Stock Markets Easily“.
For comparison, our local brokers may charge about RM40 (~USD13.00) per trade while with US broker, the charges is as low as ~RM8 (USD2.50) per trade. Regarding forex risk, some of the local brokers you have to do currency exchange each time transaction is made. This is not the case if you are using US based brokers.
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