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

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Brick1235
post Dec 12 2008, 04:07 PM

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Is there any criteria to open an account in OCBC? What is the difference from a iQ Account as compared to other account type?
June_llk
post Dec 12 2008, 04:37 PM

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QUOTE(Brick1235 @ Dec 12 2008, 04:07 PM)
Is there any criteria to open an account in OCBC? What is the difference from a iQ Account as compared to other account type?
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Check it out from here http://forum.lowyat.net/topic/708534

cheers!
Shinichi
post Jan 8 2009, 08:30 AM

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Anyone notice CIMB FD rate has gone down to 3.5% p.a.?

http://www.cimbbank.com.my/index.php?ch=su...8&tpt=cimb_bank
agape_ian
post Jan 8 2009, 05:20 PM

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QUOTE(Shinichi @ Jan 8 2009, 08:30 AM)
Anyone notice CIMB FD rate has gone down to 3.5% p.a.?

http://www.cimbbank.com.my/index.php?ch=su...8&tpt=cimb_bank
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Most banks cut the interest rate for FD to 3.5% p.a. since Dec 1st, 2008.
Shinichi
post Jan 8 2009, 11:03 PM

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QUOTE(agape_ian @ Jan 8 2009, 05:20 PM)
Most banks cut the interest rate for FD to 3.5% p.a. since Dec 1st, 2008.
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Too bad then... must be due to current economic situation. I see Maybank is still at 3.7%. Don't know when will they revise the rate...


Added on January 8, 2009, 11:06 pmAre there any charges or requirement if we put money in foreign FD? Seems like NZD has the highest rate now. Correct me if I'm wrong...

This post has been edited by Shinichi: Jan 8 2009, 11:06 PM
Shinja
post Jan 9 2009, 05:50 PM

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now mostly all 3.4% onli sleep.gif"...
pristina
post Jan 9 2009, 08:29 PM

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QUOTE(Shinichi @ Jan 8 2009, 11:03 PM)
Too bad then... must be due to current economic situation. I see Maybank is still at 3.7%. Don't know when will they revise the rate...


Added on January 8, 2009, 11:06 pmAre there any charges or requirement if we put money in foreign FD? Seems like NZD has the highest rate now. Correct me if I'm wrong...
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Maybank always refuse to open FD account for customer vmad.gif
Shinichi
post Jan 9 2009, 09:58 PM

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QUOTE(Shinja @ Jan 9 2009, 05:50 PM)
now mostly all 3.4% onli sleep.gif"...
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Arghh... guess need to find other sources now. Any suggestion? I'm thinking of foreign FD....


Added on January 9, 2009, 9:59 pm
QUOTE(pristina @ Jan 9 2009, 08:29 PM)
Maybank always refuse to open FD account for customer  vmad.gif
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you mean foreign FD account?

This post has been edited by Shinichi: Jan 9 2009, 09:59 PM
pristina
post Jan 9 2009, 10:01 PM

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not foreign...
it forced to open FD in another bank
pillage2001
post Jan 13 2009, 10:50 AM

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For all you peeps who are looking for alternative to the FD, please PM me for details on a savings plan that I can cut for you. Only for the month of January. smile.gif I'm not sure who's into long term savings but PM me, it should be worth a look. smile.gif

Not MLM or any other scams. Pure savings for you and you only. smile.gif
ken6828
post Jan 13 2009, 03:57 PM

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QUOTE(pristina @ Jan 9 2009, 08:29 PM)
Maybank always refuse to open FD account for customer  vmad.gif
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yup, a salary slip and employment's letter is required when open account. y need so many doc? mad.gif

This post has been edited by ken6828: Jan 13 2009, 03:59 PM
SUSDavid83
post Jan 21 2009, 07:08 PM

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FD would be go down after BNM slashes OPR rate.

Bank Negara cuts OPR by 75 basis points

URL: http://biz.thestar.com.my/news/story.asp?f...49&sec=business


mo_meng
post Jan 21 2009, 10:07 PM

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cut again .. keeping money in fd seem less n less attractive
Shinichi
post Jan 21 2009, 11:14 PM

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QUOTE(mo_meng @ Jan 21 2009, 10:07 PM)
cut again .. keeping money in fd seem less n less attractive
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Ya, have to source for alternatives soon...
Singh_Kalan
post Jan 22 2009, 12:06 AM

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QUOTE(pristina @ Jan 9 2009, 08:29 PM)
Maybank always refuse to open FD account for customer  vmad.gif
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Wat do u mean?? u can easily open an FD account online without even going to the bank. blink.gif
SUSSeLrAhC
post Jan 22 2009, 03:06 AM

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hey guys... ambank is offering 3.4% for 4 months... just for chinese new year.. requirement is 4 months n minimum 20k
agape_ian
post Jan 22 2009, 11:21 AM

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QUOTE(Shinichi @ Jan 8 2009, 11:03 PM)
Too bad then... must be due to current economic situation. I see Maybank is still at 3.7%. Don't know when will they revise the rate...


Added on January 8, 2009, 11:06 pmAre there any charges or requirement if we put money in foreign FD? Seems like NZD has the highest rate now. Correct me if I'm wrong...
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Foreign FD seems interested but the foreign currency you invested might even drop further against MYR as there are many uncertainties. Your earned interest will not be enough to cover your losses. However, if the currency goes up against MYR, you earned from the appreciation of the currency along with the interest too!

Good Luck!


Added on January 22, 2009, 11:22 am
QUOTE(David83 @ Jan 21 2009, 07:08 PM)
FD would be go down after BNM slashes OPR rate.

Bank Negara cuts OPR by 75 basis points

URL: http://biz.thestar.com.my/news/story.asp?f...49&sec=business
*
How soon they are going to adjust the FD rates? Today? Tomorrow? Any idea?

This post has been edited by agape_ian: Jan 22 2009, 11:22 AM
cherroy
post Jan 22 2009, 11:29 AM

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QUOTE(agape_ian @ Jan 22 2009, 11:21 AM)
How soon they are going to adjust the FD rates? Today? Tomorrow? Any idea?
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Today! Only those less efficient one will be tomorrow. A delay of one day might cost bank a few million.

FD rate for 1 month now is 2.5%, 1 years 3.0%.
l3iTi
post Jan 22 2009, 12:05 PM

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Darn...then where should money goes now =.=
dare_black
post Jan 22 2009, 12:14 PM

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QUOTE(cherroy @ Jan 22 2009, 11:29 AM)
Today! Only those less efficient one will be tomorrow. A delay of one day might cost bank a few million.

FD rate for 1 month now is 2.5%, 1 years 3.0%.
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wth....1 month for 2.5%...omg!!! they seriously want us to spend uot money?.... ><
btw...can u pls provide me d source for this news?...thanks alots biggrin.gif

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