what's the catch?? most probably not a conventional FD.

i think have to have investments with them only can...

It already told you as bolded.

This post has been edited by June_llk: Feb 5 2009, 11:33 AM

hmm... that means have to qualify for their cc 1sy... very mah fan

i invested in al-mudharabah in bank simpanan national...
is this a FD??
their banker told me that they have the highest rate among other banks..
and their interest is 4% for 1 month..
correct me if i'm wrong..

This post has been edited by yenyen08: Jan 25 2009, 01:16 AM

Which bank was you refer to?
2.5% for whole year? or 3%?

the banker did not explain the whole story to you

not really.. she only said this is like FD,
but with higher interest. and my sister said, its like an invstment..
and i'm kinda shock

hmmm, usually it is investment but very low risk investment.

Fixed Deposit
Tenure (months) Nominal Interest Rates (%p.a)
1 month 2.5000
2 months 2.5000
3 months 2.5000
4 months 2.5000
5 months 2.5000
6 months 2.6000
7 months 2.6000
8 months 2.6000
9 months 2.6000
10 months 2.6000
11 months 2.6000
12 months 3.0000
13 months 2.0000
14 months 2.0000
15 months 2.0000
16 months 2.0000
17 months 2.0000
18 months 2.0000
19 months 2.0000
20 months 2.0000
21 months 2.0000
22 months 2.0000
23 months 2.0000
24 months 1.5000
25 months 1.5000
26 months 1.5000
27 months 1.5000
28 months 1.5000
29 months 1.5000
30 months 1.5000
31 months 1.5000
32 months 1.5000
33 months 1.5000
34 months 1.5000
35 months 1.5000
36 months 2.3000
37 months 2.3000
38 months 2.3000
39 months 2.3000
40 months 2.3000
41 months 2.3000
42 months 2.3000
43 months 2.3000
44 months 2.3000
45 months 2.3000
46 months 2.3000
47 months 2.3000
48 months 2.3000
49 months 2.3000
50 months 2.3000
51 months 2.3000
52 months 2.3000
53 months 2.3000
54 months 2.3000
55 months 2.3000
56 months 2.3000
57 months 2.3000
58 months 2.3000
59 months 2.3000
60 months 2.3000

From CIMB website

cimb bank, but heard that most of the bank in M'sia will be the same...

This post has been edited by June_llk: Feb 5 2009, 11:33 AM

4% per month?

Maybank also adjusted their conventional FD rates.

oh.. thanks.. i regreted now..
should ask properly that time..

yea..
3 months will be 4. smthg % and so on lo..

u read properly a lot of these so called fds are not really what they are. there's one called i think mega from maybank. when i first started out to invest, i dont know much. they wrote there offer 16% epr annum, then put out d projection returns in how many years time. the plan is 10years time. and they say insurance is included balh blah blah... what actually is, the 16% u will get is used to pay up d insurance, isntead of getting $$$ u r actually losing it, and whatever u will get in 10 years time is actually ntg but the amount of insurance u pay.

To get a comparison of FD rates, just click this Link , and then select the "Fixed Deposit Accounts" shown in the website.

Those are not FD, but some kind of saving plan, but they are clever with their advertisement and put * on the rate qouted.

d bsn 1 is an fd... just that islamic type... tats why higher rate... but it is on monthly basis the rate... flactulating...