Any FC FD can be auto-renew until you wish.

Promotion rate is one off, (bank uses to lure new customers in only), those renew FD will be according at the previaling counter rate at that time. NZD current over night interest rate is 8.25%. So banks can offer more than that, as it will mean losses for them. (Banks won't stupid to make losing business one).

11.18% is one month and one off for new fund/new customer only, which translate into pa., just a little bit only. Instead spend money on advertisement/hiring people to get new customer and new money into their banks, they offer customers a bit, so still no loss for them. As the spread of counter rate 2.xx% is enough to cover those extra interest given.

LOL so it did...



Price of food is artificial, it's government subsidized. Some parties are calling for an end to govt subsidies cos they're "bankrupting the country". So if they get voted in, the country will be rich but the people will be poor that might happen yet, so food prices might get very expensive. Still that's the least of your worries because housing is going to be even more expensive if you have a house already then fine, but you're still going to have to go somewhere to get food if they're not within walking distance.

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Added on June 27, 2008, 12:12 pm

That is true, but are they going to exit and then re-enter ?

This post has been edited by wodenus: Jun 27 2008, 01:15 PM

true....thats why i say if its 200-300% increase i myself wont have any problem...even 500% increase on food

the auto renewal thing must ask the bank very detail.......some is in and out = renew....some just renew the "contract" without touching the currency

i remember some1 mentioned b4 that u cannot hv too many FD in 1 bank.. else the interest is taxable, and 1 way around is to spread your FD to different banks. is there anything such as over-FD?

serious ar?
i think it's the amount kua...
someone verify pls =(

Yes, interest on more than 100K per deposit is subjected to witholding tax.

@leenux,
Just split the FD slips into multiples of RM50k As to splitting FDs across different banks, that's because ur only insured up to a max of RM60k per bank should anything happen.

Maybank is promoting FD:

Maybank Fixed Deposit loyalty bonus campaign 19 Aug - 18 Oct '08

http://www.maybank2u.com.my/promotions/efd/index.shtml

but it din state how many % of interest will provide ????

In conclusion, Foreign FD could be a risk in losing for short term? So according to Jean72, Standard Chartered daily calculation interest is more worthy? As saving the money for future property purchase. Since now saving account interest rate is low.

It's not about looks, it's about "the look"

Hi to all out there,

I am interested to put some of savings to FD. However, my capital is only around 5~8K.

Therefore, I would like to ask, with the given capital, which FD do you guys most suggest?

Thanks in advance

Let's say you have RM1,000,000 to put in FD, will we get higher than normal rates ?

Should be lower than normal, correct me if i'm wrong

It depended on the financial environmental at time being.

For the last few years, no. In fact those with more than 1 millions FD asset on certain bank, they classified at Tier 2 which getting slight lower than normal interest rate. Because banks are too 'full' with money for the last few years.

Now situation is better.

No one can answer my doubts?

Hong Leong Assurance offer more than 5.5%.
call mr.chan@012-630 1220 for more details.

Because people don't understand what you mean by "which FD".

FD is FD, the different is only which bank do you put in, how long duration and interest rate only. Interest rate is similar across, merely 0.1-0.2% different between some banks.

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Added on September 21, 2008, 7:15 pmPlease don't mislead others, this is FD thread, not related to insurance.

Insurance and FD is different.

This post has been edited by cherroy: Sep 21 2008, 07:15 PM

check out www.bankinginfo.com.my. It has a page comparing the FD rates of all the banks in Malaysia

HLA Structured Deposit (known as HLA PROMISE) is now launched. With a GUARANTEED return of 20% for the FIRST TWO YEARS! Units are limited. Hurry, kindly call 012 - 250 5146 (C.S.HEW) for more details.