Some kopitiam will gladly accepts them and probably give you extra.

Currently, Hong Leong is having a promotion rate for Junior and Senior FD.

For Junior FD, it's 3.9% for 12 months and 4.5% for 24 and 36 months. Minimum placement is RM1000. The interest will be credited into savings account monthly. The promotion is currently ongoing until November 2011.

For Senior FD, it's 3.8% for 12 months. Senior FD promotion will only start this Monday (8th August).

UOB minimum 25k
RHB minimum 30k

If 10k where should i deposit?

I'm 22, not applicable for both right?

Dont worry any bank will take it. CIMB charge you if you want coin from them, I think for RM300, you have to pay RM3-RM5. It seems there is no standard rate of charging customer for exchanging paper notes with coin.

Minimum for FD is RM1000... and you are in the wrong thread lah.

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Added on August 7, 2011, 9:09 amWhere is the details on HLB website ??
Can we use the existing Junior Savings Account ?

This post has been edited by ronnie: Aug 7 2011, 09:09 AM

got la...alliance bank u can deposit min 500 for 2months and above

http://www.alliancebank.com.my/fixeddeposits_more.html

General FD placement:

RM 5k min for 1-month tenure and RM 1k for 2-month and above

Some banks want to be more competitive and offer various package from above general convention.

below 18 only eligible

from my point of view. the best is to open FD/both to sign/ with your 55 yr parent (if you have one). these fd are better. but window shopping is always a good deal for money. BTW DO NOT BRING YOUR FUND IN CASH. Ask your bank to make Bankers Chq.

haha thanks

can bring cheque instead? why need bankers cheque?
yes please provide the hongleong promotion link, thanks.

I want the coins

BSN 12 mths 3.35%

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Added on August 8, 2011, 1:03 pmwas told by HL fren, this promotion starts 12 Aug

This post has been edited by gsc: Aug 8 2011, 01:03 PM

If to put RM10k into FD, is it better to put month by month, let it renew automatically or is it better to tie contract up to one year?

kunlooi, i suggest to put month by month. at least in case if you need money, you will only lose that month's interest.

the interest eg: 3.25% is per month or per year?
eg: if put RM10k, do i get RM325 per month or RM325 per year?

RM325/12 per month

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Added on August 10, 2011, 10:49 pmcurrently is there any promotion that is for FD 20k for 6 months that is higher than 3.1% ?

This post has been edited by jtleon: Aug 10 2011, 10:49 PM

hurm..
better i put my money in gold

but i need it in 6 months
my view is that
physical gold is to hedge the inflation rate (only buy it with your extra money)
paper gold, in malaysia both Maybank and PB bank's spread is too wide, it is for long term investment (with your money that you won't use it for long time)