Go to Aus and open an account in Perth (BankWest). One of the bank's savings accounts is yielding 6% p.a. interest. I have about AU$ 23k in there and I am receiving monthly interest income of AU$ 115 (~RM4450 annual interest payment).

But u need to have local address, phone number, tax file number and passport to open an account. It's easy if you know someone in Aus.

Haha dont worry AUD is strong. I transferred all my RM savings into AUD at the beginning of the financial crisis at the rate of 1AUD=RM2.2, now it's RM 3.2 for an aussie dollar (gained almost RM20k on aussie dollar appreciation). 

I see... didnt know that, been in Aus for quite a few yrs. So are there many people having a foreign currency account?

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Added on July 26, 2011, 6:54 pm

Cant find that on their web. FD max is 5.4% for one year paid on maturity. Savings account is even less.

Yea what i'm saying is that AUD is strong now dont need to worry much about currency exchange risk. It's getting close to RM3.3.
By the way the link you provided is not working.

]

That's what I found as well. max is 5.45% not 6.7% as you said or did I miss something?

maybank promo
1st month 3.1%
2nd month 3.1%
3rd month 3.7%

From RHB...
12 months @ 3.65%
24 months @ 3.75%
http://www.rhb.com.my/Whats_New/deposits/l...posit/main.html

for a quick question coz I dunno where to ask this question.

I have RM 500 worth of coins (5 cents coins to 50 cents coins) which I saved for quite some time and I would like to bank in to my account. Is it possible to do so where I need to bring the two big containers to bank or is there any other way?

thanks

UOB minimum 25k
RHB minimum 30k

If 10k where should i deposit?

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).

Affin bank at 3.6% for 12 months

Hong Leong FD promotion at 3.8% for 12 months at the moment should be about the highest.

Affin Bank is better then. I opened at Sea Park branch & max it took was 5 minutes as no one in queue.
Do not even need to open any other account, just the FD.

How u put FD if u hv 10006 ?

10006 1 shot ?

rate
3/100 x 30 / 365

Do put 5003 so u get interest 12.34/month

if u put 10006 u only get 24.67/month

that is 5k

u will see the significant amount if u repeat it.

for foreign currency FD, is there a risk? our capital is protected? what about the interest rates? it fluctuates according to the currency rate? we follow the rate stated at the point of fd maturity date right? eg: affin bank says 3.8% but at the end of the tenure not really 3.8% right? currently I'm also looking at public bank AUD fd 5.45% for 12 mths.

or any other suggestion from sifus here? 

note: i have about rm10k to put in.

If you want to topup your child's HLB Junior Fixed Deposit for the up yo 4.5% p.a. (for 36 months), you should go back to the same branch you open the account at for quicker processing (i.e. no forms to fill up)

Is the deposit in this financial institution protected by PIMB?

http://www.mbsb.com.my/deposits_fixed.html

4.7% for 5 years is quite decent.

CIMB Step Up Fixed Deposit

4.8% p.a. for 8 to 10-month FD with min placement of RM 5k

URL: http://www.cimbbank.com.my/promo/stepupfd
T&C: http://www.cimbbank.com.my/promo/stepupfd/...p-Up_FD_Eng.pdf

It is true. Maybank is one of them. When you walk in and want to do a FD, they wouldn't let you do it right away, instead they will have a staff to ask you consider another financial product. Or at least their counter clerk will say something like 'would you be interested on another FD which 4.1% per year'. If you say yes, then a officer will talk to you and if you agree then you fund will be locked for 5 or more years where only the first year get high interest. These are just some examples.

To my knowledge and experience, it is better to research in different banks and go for the FD promotion that offer real high rate.

If a bank staff try to promote a investment or deposit product to you, it is better to say no right away. Usually it is some sort of product that isn't really giving good return if you make the calculation and comparison.

Bank people can talk politely and professionally but they don't have the real experiences and success of investment. Before the financial crisis of US, they even dare to ask people to put their fund into Unit trust (Fund that invest in US stock) instead of FD. There is no guarantee of any kind. If you make any lose even a big one, no one will be responsible.

so worth it for me to go open a hsbc account and put my money on their FD rite?

after 6 months the rate will go for

1 month 2.95%
3 month 3.05%
1 year 3.3%

I am not looking for big return , just hold the money first before I need it for my education . thanks to all sifu that replying

after 6 months, don't know if rates will go lower or not. MBB CEO announced yesterday he wants BNM to maintain low interest rates Boy, this guy should encourage savings instead of encouraging spending. Well, as long as MBB continues to offer 0% BT ( 0 % Loans) next year, then I am fine with the low rates.

For those who have children, go use your child's name and lock in 4.5% interest for the next two years with HLB Junior FD.

The most solid reason why they wanted a Birth Certificate is that the Parent's name is shown on it.
MyKid doesn't have this particular information.
With that confirmation, only then you are allowed to open a HLB Junior Savings & Junior FD for your kids.

awah which branch no need kid and birthcert?

BTW HOR....the reason i didnt wanna open at the initial bank is becoz they are also very screwed up!
Told them NOT TO follow my IC address coz thats my OLD address........
suddenly letters appear at my old house..... :/ lucky my family still staying there.... 
Then call customer service to change add, they say need to go branch do.
Ok fine, took leave to do it at branch and made sure they change it.
1 week later called up customer service to check...walau UNCHANGED!! and say i need to go again!!
Arghhh then i complain laa say so mafarn i oredi do it once now u telling me i have to do it again???!! CS told me NOTHING can be done...go back to branch!
arghhhhhhhhhhhhhhhhh fedup....haha

SO this time open at another branch.....sigh, still as screwy.....
maybe its just me....badluck...
if its not becoz the fd and savings is attractive....i wouldnt give a hoot to this HLB...argh!! Cant blif they took over EON>..EON WAS SUCH A GOOD BANK!! now they r screwing EON together :/

sorry....venting anger