Hi all, is FD interest calculated daily for most banks?

Yeah, do share please

Anything higher than Amanah Sahams are definitely worth looking into

I remember Ambank do provide a Senior FD rates last time, which is 0.1~0.2 higher than the normal FD rates.

Ambank seems to be a good option then especially for FDs...

the fd rate too low now.

ya, that's true.
the market encourage less saving and more expenses now...

ya. that's a bn recent policy they changed in order to tie to global mkt.

tat day i thought i saw interest of 2 % +_+

This is a stupid plan. Read the damn fine prints. 6% is not guaranteed and will fluctuate in market conditions but having said that- they guarantee capital investment. So you dont loose money placed in but you might loose the interest and normally these guys will seek a commitment of 10 years.

All these PM me nonsense.

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Added on May 3, 2009, 5:25 pmanyone know when is the next opening for Amanah Saham thingy?

This post has been edited by cesarmora: May 3 2009, 05:25 PM

I'm looking forward to that as well. Any idea how much profit in % people made till date on the last opening?

Suppose to be in July 09, maybe you'll find the exact date in the ASM forums...

HSBC has increased the time deposit rate for 36 months - 60 months from the previous 1.8% to 3% effective last Friday. I think we can all assume that the BNM will increase the BLR sometime in 2011, which is why HSBC is willing to give 3% interest for those who choose to park their money with them for 36 months - 60 months.

My advice is that if you really can afford to park your money for 36 months - 60 months, you should go for the HSBC General Investment. That is HSBC version of time deposit. The rate is not fixed. This way you won't loss out so much in case BNM really increase the interest rate in 2011. Or just to be safe, don't go for it. The difference is not that great anyway and we should just wait and go only for the 12 months tenure.

This post has been edited by MilesAndMore: Jun 5 2009, 06:28 PM

Did a placement of eFD with M2u and the FD rate is 2.5% only...
to add on..its a 12months placement...

This post has been edited by glitters: Jun 5 2009, 06:32 PM

Guys help me out here. Considering that the FD rates are really low now, I was wondering what should I do with my money? I'll be out of Malaysia for most of the year so I guess a 12 month tenure is good then? Was thinking of Maybank FD..

I apply Saadiq$aver-i where is 3 in 1 account for me:
- it is a current account
- act as saving account
- but provide u FD interest rate which is 2.55% per annum if ur saving is more then RM15000.

personal like this account bcos:
- provide me higher interest rate compare to other saving account.
- normal FD need to stay 12 month only can give u 3%.
- this account interest is count daily basic, any time can deposit or withdraw money u like.

can go to following URL for more detail
http://www.standardchartered.com.my/islami...it-rates/en/#12

FD nowdays never mean for profit gaining investment.

it is used to put your emergency fund so that you can withdraw it anytime ... and if you not using it, you can gain the interest.

2.5% now actually. And both HSBC and Citibank will give you only 1.8% if your total time deposit placement is more than RM1 Million.

Just a few days ago there was a report that BNM might further cut down the key interest rate in the next scheduled BNM board meeting. It all depends on how the economy is doing. I'm praying hard they won't


Standard Chartered E$AVER account used to give 2.5% return per annum for RM0 - RM100000 and the interest is credited back into your E$AVER account monthly. This was reduced to only 1.5% in March (if my memory serves me correctly). It was once again reduced to a pathetic 0.7% in late May. I do not expect this rate to drop further in the future but i am wondering if they will revise the interest rate back to where it was (2.5%) once the economy is good again and BNM increase BLR rate back to where it was.

its not E$AVER, but is Saadiq$aver-i .
Saadiq$aver-i still give u 2.55% if ur cash amount is more then 15K..
but hear ppl say the interest drop again from 2.55% to 1.7% for saving which more then 15K...
for saving lower then 15K, the interest is drop from 1.5% to 1%....
need to check back with the bank tomolo...

Ya. I know they are different. My point is that the high interest for Saadiq$aver won't last for long. it is just a matter of time before they reduce the interest rate for Saadiq$aver. I was merely using E$AVER Account as example.

All commercial bank FD rate now at 2.0%*.. 2 months plus ago BSN Islamic FD rate was 2.64%* and up to date dropped to 2.10% currently..sigh..

*Based on 1 month saving tier.