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

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MilesAndMore
post Aug 25 2011, 01:16 PM

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QUOTE(zenwell @ Aug 25 2011, 12:54 PM)
for foreign currency FD, is there a risk?
The risk is the exchange rate.


QUOTE(zenwell @ Aug 25 2011, 12:54 PM)
our capital is protected?
Protected in the said currency only.


QUOTE(zenwell @ Aug 25 2011, 12:54 PM)
what about the interest rates? it fluctuates according to the currency rate?
Interest is fixed when you opened the FD account.


QUOTE(zenwell @ Aug 25 2011, 12:54 PM)
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.
No. It follows the interest rate stated in their system and also your FD receipt when you opened your account. Assume there is an increase in the interest rate by the time your FD matures, it will still follow the old interest rate.
MilesAndMore
post Aug 25 2011, 05:56 PM

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QUOTE(ee.. @ Aug 25 2011, 05:51 PM)
"Sorry, the link that brought you to this page seems to be out of date or broken."?
Thread merged. Hence the broken link.

MilesAndMore
post Sep 12 2011, 12:29 PM

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HSBC got a FD promotion now too. 4% for 3-month for it is only available to Premier customers.
MilesAndMore
post Sep 14 2011, 04:51 PM

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QUOTE(BoomChaCha @ Sep 14 2011, 04:22 PM)
And you get compound interest every month..
*
Only if your instruction is to renew the whole principal + interest.
MilesAndMore
post Sep 30 2011, 12:52 AM

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Standard Chartered once offered 5% interest for their e$aver account too before the 2008 credit crunch. Just like this one, it was just a limited time promotion. The interest earned is credited into your account on a monthly basis and as far as i am concerned, they will not waive the e$aver debit MasterCard annual fee for you.
MilesAndMore
post Sep 30 2011, 09:42 AM

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QUOTE(ycs @ Sep 30 2011, 09:10 AM)
can we decline ATM card and Debit card for the account? Whats' IBG?
Not sure if you can decline the debit MasterCard. Anyway, IBG is Interbank GIRO, basically means interbank funds transfer.


QUOTE(ycs @ Sep 30 2011, 09:10 AM)
I thought if close account then can get a Bankers Cheque?
Only if you request for it and you will have to pay for the Banker's Cheque yourself.
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