CIMB Bank Current Fixed Deposit Rates

This information has been posted several times by several users since Monday. May be you should at least read back 1 or 2 pages next time as the information is readily available.

May be something was wrong with the CIMBclicks system on the day he opened the eFD.

In Malaysia, the bigger your total FD placement with a financial institution, the smaller return will be given. So the bottom line is, it has nothing to do whether he got a big eFD or not. Most likely to be a system glitch.

Based on the screenshot posted and all the information available there, the amount invested is most likely to be RM10,000 for 1-month only.

A reply from AMBank KL HQ stated otherwise. See below :

Both CIMB Bank and Alliance Bank have also revised their 12-month FD rate from 2.60% to 2.75%.

CIMB Bank



Alliance Bank

During the initial interest rate revision (around 9 - 12 March 2010), several banks offered only 2.60% interest for 12-month FD. Public Bank, CIMB Bank and Alliance Bank are among the banks to offer only 2.60% while there are several other banks that offer 2.75%. Public Bank, CIMB Bank and Alliance Bank have since revised the 12-month rate to 2.75% last week so to not loss their business to other banks offering higher FD rate. Several other banks still offer only 2.60% such as RHB Bank, HSBC, Citibank, Standard Chartered, OCBC and UOB.


It was even lower several weeks ago. Anyway, it will continue to rise in the next few months.

Similar interests from other accounts ? Such as ? I am not aware of that. Indeed, 50k for Premier clients is peanut.

Sure. But it ain't no where near 5%. One doesn't even get 1% out of the checking account.


LOL ! Am certain many will beg to differ on this view of yours.

This post has been edited by MilesAndMore: Apr 9 2010, 12:24 PM

You do know the catch, right ? It is not guaranteed. All the figures shown in the prospectus are all based on best scenario and their projected return.


Of course it is peanut but that wasn't the reason i said many will not agree with you. An opportunity is an opportunity. Seize it.

This post has been edited by MilesAndMore: Apr 9 2010, 06:32 PM

Hong Leong Bank has revised their fixed deposit rates today. The new rates apply to all new fixed deposits placement from tomorrow onwards.

HONG LEONG BANK
1 month - 2 months > 2.40%
3 months - 5 months > 2.45%
6 months - 11 months > 2.50%
12 months > 2.80%


RHB Bank has also revised their fixed deposit rates last week but they have not updated their website yet. However, according to STAR, the new fixed deposit rates which will take effect only on 19 May 2010 are as follows :

RHB BANK
1 month - 5 months > 2.50%
6 months - 11 months > 2.70%
12 months > 3.00%

This post has been edited by MilesAndMore: May 18 2010, 12:26 AM

OPR is fixed by Bank Negara. FD rates are fixed by the banks themselves.

This post has been edited by MilesAndMore: May 18 2010, 11:58 AM

Maybank, CIMB Bank, Public Bank and OCBC Bank have all revised their fixed deposit rates today. The 12-month rate is exactly the same as Hong Leong Bank's which is 2.80%.

This post has been edited by MilesAndMore: May 18 2010, 12:21 PM

It is enough to cover the interest but don't forget that when you repay the loan every month, you have to pay the principal + dividend. It's not that easy dude.

Wrong. It's 2.60% now.

By the way, HSBC is the stingiest bank in town offering only 2.70% return for 12-month placement.

Your next option is either AmBank or RHB Bank.

No. HSBC is the stingiest. Standard Chartered was the last bank to raise their FD rates. Your company probably renewed the FD before 24th May 2010.

No. Because the 12-month FD rate for AmBank is already 3%. Besides, it is expected that Bank Negara will be raising the OPR further until next year.

Yes. You can. You will get the whole principal invested back but depends on how long you've hold the FD account, you may get nothing from the interest already earned or only partial of it.