Malaysia keeps key interest rate at 2.75pc

URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Since BNM didn't hike or revise the OPR, the rate should not be affected since last review.

The FD will auto-renewal to the latest rate once it gets matured. Even you placed a FD 20 to 30 years ago, I doubt that rate can be sustained.

FD no need to buy. It's just a placement of certain money for a fixed tenure.

The interest rate between 2008 and now doesn't differ much. My guess is between 0.5% to 1% only.

With the current FD rate, the return could easily be eaten up by inflation even though the government is reporting an officially low figure. Everybody knows that the figure doesn't really reflect the true scenario of inflation in the market.

3.05% from MBB and CIMB.

General FD placement:

RM 5k min for 1-month tenure and RM 1k for 2-month and above

Some banks want to be more competitive and offer various package from above general convention.

CIMB Step Up Fixed Deposit

4.8% p.a. for 8 to 10-month FD with min placement of RM 5k

URL: http://www.cimbbank.com.my/promo/stepupfd
T&C: http://www.cimbbank.com.my/promo/stepupfd/...p-Up_FD_Eng.pdf

Cannot. Must do it over the counter.

It's a new marketing gimmick since FD is no longer attractive compared to 1990's.

Not exactly true as well. Insurance will cover your medical claims.