yo guys...

anyone knows the highest FD rates available now?
At one time, probably 2 yrs ago, CIMB was having a promotion and offered 4.5% interest rate pa. So i was wondering now any khang thao to offer for FD?
anything higher than 3.7% will be good already...

do post it here if u have any info... thanks!

now only 4% applicable for FD for 60months. Best rates i found was EON.

The FD rates won't differ in large variance.

perhaps put in foreign FD can give much more diff.

[quote=yewkhuay,Jun 16 2008, 12:25 AM]
perhaps put in foreign FD can give much more diff.

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Putting in foreign FD do attract more interest, for eg, NZ FD gives you close to 9% a year. However, do take note on the foreign exchange spread when you convert your foreign currency back to RM. It can cost you the whole interest earned

@Jean72,
Are U familiar at all with this 'Dual-Currency Deposit' banks seem to be offering? Am wondering how that works and should learn up about that; but forex is not something i'm too familiar with and it's quite volatile. I do foresee RMB to increase though *grins*

Anyhow, back to TS's topic. Banks have different promotions on FD every month or every 2 months so it's best to just check with the banks personally. Also, depending on the total amount, U might be able to negotiate with the bank for a little more interest.

AmBank senior saver plan...3.8% p.a. for 11 months period (don't ask me why 11 months). Overheard about this rate yesterday when I went to AmBank with my dad yesterday to do his FD thingee.

@jeff_ckf,
AmBank Senior Saver Plan? Er.. I assume one would need to be >55 to qualify?

Umm...definitely not 55 Coz my dad only 52...I think above 50? Lazy to dig out the details coz I am never a fan of FD unlike my dad

@kevyeoh,
UOB's current promotion gives up to 3.85% on 3-month FD. Also, U should take the initiative to check out the different promotions offered by the different banks as it changes from time to time instead of asking us here. Their 1-month FD rate is 3.65%

@jeff_ckf,
I think we should get back to the discussion topic.

a standard duration of 12 months give 3.7% currently. any higher than that got some T&C which differs from each bank. i think its quite safe to say u can park ur money in a senior citizens FD by asking ur parents to open acc. then u can get a bit higher rate.

Is there any hidden clause for such higher rate compared to other banks?

To add to this, I just checked with my dad just now before I headed for work and apparently Bank Rakyat is offering close to 4% for the senior savers FD... I think he said 3.9 or 3.95...pardon me...short term memory loss

@David83,
Yes there are some T&C - U need to check; I didn't read up on it cause I haf no intentions of moving my funds for now

Yes there is under Terms and Conditions link in very small print at the bottom.

Most certainly worth it if you are switching from another bank to them, but not sure if it's worth the hassle for everyone else.

are you sure?! don't talk koc here oh..

It only applied on new fund bring in to the banks aka transfer money from others to theirs. Existing money in the banks won't be able to enjoy higher rate.

Mostly and generally when banks offer higher rate than normal, they want fresh fund and new customers.

For UOB higher offer, you need to park 2,000 in saving account or open one (if don't have), before can enjoy the higher rate which is part of its T&C. Details can get from the brochure. My above statement is not absolute, check with their RM.

Cheers.

This post has been edited by cherroy: Jun 16 2008, 09:05 PM

so far i think CIMB one quite high for per month basis without hidden terms and conditions...3.25% per annum....put 1k minimum for 2 months can pay one free lunch or yamcha...

OCBC's current promotion on Time Deposit is giving 3.83% p.a for 3/6 months placement.

What is the minimum amount? Got any charges? OCBC got one near my house in taipan...maybe can pay them a visit...