The highest FD rate now if i am not mistaken is BSN...

how much is BSN?

Citibank went back to 3.7% and alliance doesn't even publish their rate online

BSN is a member of PIDM, any problem

Ambank 3.8% for 8 months, promotion ongoing now. but not sure when the rate will be given until

Can AMbank FD using Amonline?

I guess only Maybank offering online placement with its E-Fixeddeposit.
Not so sure about other bank tho.

Online FD placement also available via HSBC and CIMB for their customers, cheers!

lol...aust. exchange rate fall alot...

i placed my Aust.FD at PBB counter exchanged@2.725...for last few days...now counter exchanged drop till 2.425 today

really lose alot...any1 placed any of the Aust FD?

This is what Maybank offering on USD FCA:

Earn better USD Placement Rates up to 3.30% with Foreign Currency Account!

URL: http://www.maybank2u.com.my/highlights/fca...ign/index.shtml

This post has been edited by David83: Oct 8 2008, 10:13 PM

BSN offer 4.1% got any hidden requirememnt ?

Are you referring to this one:

http://www.bsn.com.my/perbankanislam/mudharabah.asp

ya.. non-muslim can apply ?

hi,
does anyone know whether the bank will do a convertion back to RM while renewing FCFD?
Well, if they really do that then the depositor will lose a lot of money because the FD will be converted from FC -> RM -> FC .. hehe and worse if your tenure is short, eg 1week, 2weeks etc.
I couldnt find any info on this from banks' websites. really appreciate some advice. thanks.

On the other hand, what could be the reason they allow short tenure like 1week, 2weeks? any catch in there? CIMB even allows 1day tenure.

i think u will get less profit....

Bank WILL NOT convert back ur fcy fd to RM upon maturity. Thus, you are still enjoying the interest earned in fcy currency upon renewal of ur fcy fd.

FD Interest may vary fr time to time. (Eg, PBB revised Aud. % per month fr 7%>6.5%>6.1% within a month due to high currecy fluctuation)

*Conversion back to RM will only be make upon withdrawal of ur fcy fd.

This post has been edited by calvin00cool: Oct 18 2008, 10:35 AM

wat is the minimum forex fd? 10k right?

yeapz

Not exactly correct. You can withdraw in the form of foreign currency as well in the form of remittance ie if you put in AUD then you can wihdraw in AUD in the form of remittance and send it to Australia for whatever purposes or TT to elsewhere.

Is it still save to deposit money into Citibank Malaysia? Would this international bank be affected by the US crisis?

I am thinking of depositing money here....

Yes, it is safe, (not save).

BNM/PIDM has guaranteed all deposits in Malaysia banks until Dec 2010.

FYI, Citibank, Standard Chartered, UOB in Malaysia and other foreign banks here are considered Malaysia based banks. They are incoporated in Malaysia, although their mother company is at overseas. They are separated entity in term of company wise.