The Promotion is valid till 28 February 2010?

So does AFFINBANK 2.75% for 12months

thank you

It is rather safe to put FD, it maybe lower interest but the capital is still there when I need money..

Then you can try also structured investment which also will guarantee your capital.

for 1month, which bank offer the best?
CIMB 2.25% pa for 1month

It is the same with all other banks (normal board rates).

Those international banks have yet to update their fixed deposit interest rates up until this evening. Anyway, it looks like CIMB Bank and Public Bank 12-month fixed deposit placement for tier-1 customer yields the least at only 2.60% instead of 2.75% offered by other banks such as Maybank, Hong Leong Bank and Affin Bank.

This post has been edited by MilesAndMore: Mar 9 2010, 08:33 PM

kinda high interest of Maybank offering 2.75% pa..

HSBC is another bank that offers only 2.60% for 12-month placement of time deposit, along with Public Bank and CIMB Bank.

What do Tier 1 and Tier 2 mean?

Tier-1 is referring to those with total fixed deposit placement of up to RM1 Million only

Tier-2 is referring to those with total fixed deposit placement of more than RM1 Million

Extended until 12 Mar

I did invest in Maybank Fixed Maturity income fund, sort of like FD. End of the year they give 4.5%, the tenure is 3 years only.( I think this is a bit out of topic )

Anyway, Last year Maybank did offer a Fixed Deposit, the interest is 4% per year but they need to lock you for 7 or 8 years, if you take out, there will be a penalty.

Yeah, im agreed with u~ as for people who "makan gaji", got little sum of amount to placed in FD already is good enough liao

RHB Bank is yet another bank to offer only 2.60% for 12-month fixed deposit placement. Finally there is some competition in our fixed deposit normal board rates as in the last eight years, the 12-month placement rates were all the same for all the banks in Malaysia.




HSBC had this sort of structured investment too before the Chinese New Year. The tenure is 5-year and the fixed average return is 3.65% only. Interest is payable quarterly.

This post has been edited by MilesAndMore: Mar 10 2010, 09:33 AM

thank you, Actually...You are making the right statement. yes, I makan Gaji only and money is hard to come by these days. I want to play safe, the return maybe less, and it is not a high risk. I have no time to monitor in share market or unit trust fund, honestly...I kena burn before and to me, the most safe place is in FD just my point of view only

---

Added on March 10, 2010, 9:39 amthanks for sharing...Only now I know, my parents are maybank supporter , usually maybank staff will inform what they can offer and they will inform me about the news, the one i mentioned, It is not a high risk

This post has been edited by gundam76: Mar 10 2010, 09:39 AM

1 thing I don't really get it.

Why does certain banks offer 2.75% (since FD has been increased by 0.25%) but other banks just offer 2.6%? This applicable to 12 months FD, i mean.

so the bank which offer lower interest won't need to pay more interest to people who apply FD for 12 months?

haha, and that will draw their customers away too.

Some competition is always good Only if the difference is even higher ... that'd be even better !

well, this is jz my opinion only, since the FD some bank cant give so much, maybe the BLR also wont be so high as we, this will actract more people borrow money for housing loan.