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 FD rates in Malaysia, Which bank offer the highest FD rates?

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ronnie
post Apr 11 2011, 03:26 PM

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QUOTE(cherroy @ Apr 11 2011, 03:01 PM)
No limit, no tax for FD interest.
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Was the limit remove a few years ago... I thought the limit was RM100k or RM250k, right ?

So I can place RM4 million shocking.gif shocking.gif purely in FD ?
ronnie
post Apr 12 2011, 11:30 PM

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From SCB

From now till 30 April 2011, enjoy a special rate of 4% p.a.* on your 3-month
Fixed Deposit when you open or top-up your Current or Savings Account with
an amount that is at least 40% of your Fixed Deposit and maintain the balance for the whole Fixed Deposit term!

http://www.standardchartered.com.my/person...aver/index.html

This post has been edited by ronnie: Apr 12 2011, 11:33 PM
ronnie
post Apr 12 2011, 11:34 PM

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QUOTE(denon91 @ Apr 12 2011, 11:32 PM)
i just open efixed deposit account via cimbclicks, a 3 month with 3.0% pa. Izzit safe for me do this online and dun have any supported document or account book for this acc?
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It's tooooooo late rclxm9.gif
Of course safe lah... You think CIMB is going remove that transactions.. did you print out the receipt/transaction id after confirming the e-Fixed Deposit ?
ronnie
post Apr 15 2011, 11:46 PM

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What's the actual inflation rate nowadays ?
ronnie
post May 3 2011, 01:59 PM

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QUOTE(amalthea @ May 3 2011, 08:01 AM)
the OPR is going up another 25 basis points next week
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Nice... that means FD rate will go up (so does BLR)
ronnie
post May 10 2011, 11:09 PM

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@MNet, try the Maybank's General Investment Account-i eFD which gives slightly higher rates... compared to conventional eFD.
ronnie
post Jun 29 2011, 01:00 AM

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QUOTE(nandayryu @ Jun 29 2011, 12:32 AM)
I've a friend who told me about FD in hongkong is 30% per MONTH,not YEAR ,from HSBC,anyone can clarify the genuinity ?
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So one year we get 360% ??? 3.5x your capital in one year sounds like HYIP
ronnie
post Jul 6 2011, 08:46 AM

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QUOTE(Gen-X @ Jul 6 2011, 12:24 AM)
BNM meeting tomorrow, 7 July 2011, let's see what they announce.
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Another OPR increase ? rclxms.gif rclxms.gif drool.gif
ronnie
post Jul 8 2011, 11:09 AM

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QUOTE(dragon_fly @ Jul 7 2011, 08:16 PM)
No changes this time round

KUALA LUMPUR, July 7 (Reuters) - Malaysia's central bank surprisingly held interest rates steady at 3 percent on Thursday as it braced for growth to slow, but some economists still see a rate increase this quarter as strong demand and high energy prices keep inflation elevated ...
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aiya.... If increase, pity those with BLR pegged home loans.
Higher home loan interest would reduce house prices ?
ronnie
post Aug 2 2011, 07:33 AM

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QUOTE(fahrur_07 @ Aug 2 2011, 01:22 AM)
how to invest in maybank fd?
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Just open a FD account at your nearest Maybank branch sweat.gif doh.gif
ronnie
post Aug 2 2011, 01:49 PM

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QUOTE(soul2soul @ Aug 2 2011, 11:51 AM)
Check eFD, not available. Looks like I need to deposit at the branch. Isn't this so inefficient?
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You have to work hard for the 3.1% for 1st month FD
ronnie
post Aug 5 2011, 04:16 PM

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From RHB...
12 months @ 3.65%
24 months @ 3.75%


http://www.rhb.com.my/Whats_New/deposits/l...posit/main.html
ronnie
post Aug 7 2011, 09:06 AM

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QUOTE(BboyDora @ Aug 6 2011, 02:55 PM)
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 notworthy.gif
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Minimum for FD is RM1000... and you are in the wrong thread lah.


Added on August 7, 2011, 9:09 am
QUOTE(ken_zie @ Aug 6 2011, 11:02 PM)
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).
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Where 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
ronnie
post Aug 16 2011, 11:05 PM

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QUOTE(kangwoo @ Aug 16 2011, 09:17 PM)
need to include FD when declare tax?
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Nope... Interest earned from FD is tax free
ronnie
post Aug 29 2011, 03:38 PM

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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)
ronnie
post Sep 29 2011, 04:02 PM

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Hong Leong Bank's standard FD Rates @ http://www.hlb.com.my/qa/ir/irfd.jsp

Promo rates are not shown...
ronnie
post Sep 29 2011, 10:50 PM

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QUOTE(Gen-X @ Sep 29 2011, 10:20 AM)
Starting this Saturday 1st October and until 31st October, SCB if offering 5% interest for up to 3 months for new and existing e$aver account. From what I gather from the ad in The Star, the 5% inte4erst is for months of October, November and December. To maintain minimum RM3000 for 3 months. click below link to see ad. So if you like only open the e$aver account on 31st October 2011, you'll only get 5% for two months.

http://mystar.my/ads/ad.aspx?id=0dc8ba6f-c...78-8df2845fb471
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If you deposit RM5000 on 1 Oct 2011, do we get 5% p.a. Interest Payout on these dates 1 Nov 2011, 1 Dec 2011 and 1 Jan 2011 ?
ronnie
post Sep 29 2011, 11:06 PM

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QUOTE(Gen-X @ Sep 29 2011, 10:57 PM)
Bro, I don't know if SCB will credit the interest monthly or half yearly and too lazy to go check their website, but you'll definitely get "paid" on 31st December 2011. Treat it like a 3 months FD lah. Now finally SCB is giving me a reason to get their VI.
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I'm definitely treating it as FD....

Not sure if SCB can waive the RM8/year ATM card fees.....

Transfer the money out is also an issue. SCB charge 50sen per IBG (max RM9999)
Make sure we close the eSaver account after 3 months or pay RM20 (for early account closure)

This post has been edited by ronnie: Sep 29 2011, 11:13 PM
ronnie
post Sep 30 2011, 11:41 AM

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The T&C for the SCB 5% p.a. offer is at http://www.standardchartered.com.my/person...rpromo/tnc.html

I asked the Bank Officer
1. we DO NOT NEED to get the ATM Debit Card
2. we need to top-up at least RM3000 per month (Nov & Dec) to be eligible for further 5% Bonus Payment in those months (Nov & Dec) --- NOT TRUE
3. Better to open the eSaver account on 1 Oct 2011
4. The Bonus Payment is paid to your eSaver, after 3-5 working days after each month-end.

This post has been edited by ronnie: Oct 1 2011, 11:13 PM
ronnie
post Sep 30 2011, 12:50 PM

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QUOTE(ycs @ Sep 30 2011, 12:14 PM)
thanks.

But the terms only say must maintain at least RM3,000 in the account and not top-up.
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I agree with based on the SCB Website's T&C...
But come 1 Nov 2011, won't your account becomes "Existing Customer" from "New-to-Bank Customer" ?

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