Just go to any bank website and look for word like "Interest Rates" or "Fixed Deposit".

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Added on September 9, 2009, 1:03 amFD stands for Fixed Deposit. Basically it means that u keep your money in the bank for a fixed period, like 1 month, 2 months, 3 months and so on, and you'll be paid a Fixed Interest, based on the period u choose to keep in FD. During the period of keeping your money in FD, u can't take your money out, unlike Savings account. If u take out your money during the FD period, the bank will charge u an interest fee instead.

If u want to open an FD account, just go to any bank counter and tell them that u want to open an FD account. They will then ask u how long u want to keep the money.

This post has been edited by DanielW: Sep 9 2009, 01:05 AM

now most banks can do FD online

It is structured FD or u meant by those saving plan?
I dint heard before got structured fd that offers 6% interest rate.
furthermore, fd rates is controlled by bank negara ,so its impossible got such a big different between 6% and 2%.
please make it clear. thanks;)

Ofcourse its a savings plan. They call it Structured-FD. I think everyone knows FD rates are dropping hehe. Cheers !

Are you all still going for FD?

I have just withdrawn all my FD after 2 years and I only earn 1 month petrol fee.

FD rates will start raising again in the 3rd quarter of next year.


Yes. Why not ?

Eventhough fd rates raise, it is still will much more lower compare to those savings plan that been offer at markets.
Since u choose to save for a high interest,u can choose to save in those savings plan that can guaranteed u high interest.
It will gives a big different to the amount u safe in future
Can pm me if want to know more about savings or fd .

Saving plan never is the same with FD, please don't confuse people.

Although saving plan projected return rate is higher or even the portion of guarantee return is higher, its risk and liquidity wise is indiffernt with FD.

Appreciate any comment made, just don't want to see people being misled it is a better "FD" placement. (which lot of people here still don't know to distinguish between FD and saving plan)

1) Ya, i didnt said that savings n fd is the same. As what been explained by SYKE before, saving plan is somewhat been called as 'structured fd'.
Bsides that, i dont hav the meant to confuse any1 here and if some one felt so, im here now to 'apologize' for my words.

2) Yes agree, the risk and liquidity between saving plan and fd is wise diff. But 1 things goods about saving plan is there are lot types of plan that provides various return and various interest rate to be choosen by consumer. Anyways, fd rates is controlled by gvernment and so every bank around the same.

3) Understood what u meant; make it clear again i dont hav the meant to misled any1 here . Juz share what i know . If got any mistake please correct me. Thanks

I raised this issue, because there are a lot of uninformed people out there, which is the primary concern which I had seen a lot of RM (relationship manager of banks) has been given wrong impression to customer on the saving plan. One can call it structured FD but it is never a FD. While when people see the word FD, I can bet 80% of the bank customer will think it is FD. That's why.

We have a lot of people being ill advised for the Lehman mini-bond issue, just don't want to see people being misled again.

2) Saving plan potential return rate also depended on how FD rate or interest rate environment, all are inter-related.

Saving plan is not under commercial bank but insurance company, although insurance company/unit might be the subsidiary of the bank parent company, it is separated entity. Bank won't hold any responsibility on the saving plan side, but it is the insurance company. Banks merely is an agent of the product.

I just used the public bank ATM to transfer most of my funds into 12 months Fixed Deposit, the ATM ask me to go to counter to get some recepit after 3 days but it's been 2 weeks I have yet do it, is it necessary for me to get the receipt? If not will I get the puny 2.5% interest after 1 year? My money in the savings all gone now...

2.5% is really really low, but at this time & situation I can't find a better place to put the money in without huge risks.


BTW what was the return rate for the bonds issued as part of Malaysia Government economy Package to non-malay malaysians? Was it 5% per annum?

This post has been edited by advocado: Sep 15 2009, 02:06 PM

Yes. It is necessary for you to get the FD certificate. Everything is recorded in Public Bank system, you will definitely get the 2.5% interest.



You should leave at least RM10,000 in your savings/checking account for emergency use.


The rate is expected to increase to 3.5% - 4.5% starting in the third quarter of next year. Stay tuned !

need to clarify some confusion about eFixed Deposit by Maybank

its stated Here that i will get 2.0%interest p.a

, tenure for 1 month , if i deposit 10k , how much will i get the next month ?

You will get RM16.66 when it matures.

Got 2 banks offering Flexi FD now, which allow partial withdrawal. But the terms and condition..

can i know how many interest does the bank offers for the FD now

2.5% per annum for 12-month placement. Rates are a bit lower for total placement above RM1 million.

Interest rate for total placement above RM1 million for 12-month :
HSBC - 1.8%
CIMB Bank - 2.2%
Public Bank - 2%
Citibank - 1.8%
Standard Chartered - 1.5%

if u really feel bank rate to low
can consider on insurance investment rate
but just different is invest there could be few ten yr later only can take it out de.. if you doesnt need the money urgently can consider this too~
^^

invest in insurance? if cannot take it out then hard also le but i still considering investing in FD but have to invest only when i have RM 10k. if not then what i get is low when i get the interest back.

does anyone here know what is the rate for bank rakyat FD??

i heard they offer more than 10% if we save more than 100k..

help me to find this info.. thanks.. :-D