RM 10k of equivalent of the currency of you interested to place your foreign FD at.

Hi, i have this article to share http://thestar.com.my/news/story.asp?file=...5405&sec=nation
"Malaysia and Singapore to guarantee all bank deposits"

ur deposit will be safe in CTB Malaysia.

As for minimum deposit for FCFD, i think its not fixed at 10k but varies with different banks. you can check out the respective banks for more info

i think its mostly due to Australia cutting their interest rate.. wow the foreign currency account's interest for Australia is almost double Malaysia banks

This post has been edited by titanmelvin: Oct 18 2008, 06:46 PM

yeapz...u r right dude. they can remit out as TT as well.
Sorry becoz im not sure how correct i am in providing info here

PB FD Wonder with min deposit of RM 100k.







This post has been edited by David83: Oct 22 2008, 06:51 PM

100k still so stingy sigh i did rather go for gold

recently, i opened a monthly auto renewal fd in pubic bank, and the rate was 3.0% per annum....while my bf who opened in cimb and eon bank - have a slightly higher rate of 3.1%/3.2% per annum....

and....public bank - they don't provide a fd cert cover unless asked, and when i requested, it is out of stock, and gave me an envelope instead - while eon bank provides a cover without having to ask....

Whats the effective interest rate for the PB-FD wonder ? ~ 3.45% pm.
So many gimmicks with the banks these days!

This post has been edited by RJdio: Oct 23 2008, 01:42 PM

yes indeed ...

That's a very low move by PB. I never thought they'd pull off so cheap a promotion. Up to 5.25% p.a. interest indeed. Do you honestly think that anyone will fall for it?

sure got people fall for it

For 4 month FD, still it is 3.47%, it is much higher than normal rate of 4 months FD.

So still got some attraction la, although it is marketing gimmick.

RHB also got promotion http://www.rhbbank.com.my/personal/deposit...sit.shtm#maxfd2

If I read this correctly, the effective rate is 3.57%, min deposit 10K

MBSB, Malaysia Building Society Berhad, listed in KLSE and is a subsidiary of EPF is offering 5% yearly interest for 5 year FD.

The interest is paid every 6 months and can direct deposit into saving account.

Also for the saving account, the interest is 3%, as good as many banks' 1 month FD.

Bundled FD with CIMB till 30 November 2008

Enjoy the highest rate in the shortest time possible.

This is a great opportunity to deposit your new funds into Fixed Deposit accounts. Place a minimum deposit of RM25,000 into a 1-month AND 9-month Fixed Deposit account respectively and enjoy these special rates:

1-month for 3.52% p.a
3-month for 3.60% p.a

URL: http://www.cimbclicks.com.my/bundleFD.htm

so does tat mean we got to hav RM50k min in order to enjoy this rate? is it optional to go for 1 of it only?

All these new deals are scaring me. Makes me think that the banks are trying to get people to deposit more into FD to shore up their balance sheets in preparation for the worst.

Of course...that's the plan. Banks need your money... because they all stuck in this interbank loan freeze..worldwide including Malaysia banks. Govt keeping quiet on this 'coz afraid people might panic because due to credit issues.

It is the marketing gimmick only, in fact, if calculated details, it still on par and little bit (tiny peanut) extra than normal rate only. Nothing to shout about. But for sure, all are still below the rate of 1 year FD of 3.7%.

Should be min deposit of RM 25k. You select which package you wanted I guess.