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 FD rates in Malaysia, Which bank offer the highest FD rates?

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gundam76
post Mar 12 2010, 03:10 PM

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QUOTE(cherroy @ Mar 12 2010, 02:33 PM)
Some banks can, some banks cannot, depended on respective bank internal system.
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This one I have knowledge, for Penang Maybank, if you put FD in branch A, you have to go bk to A.

However In Public bank, you can open in Branch A, when due date, you can take out the money on branch B, bear in mind, it has to be less than Rm10K, if more than Rm10K, you have to go bk to branch A. This I have experience before.

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cherroy
post Mar 12 2010, 03:11 PM

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QUOTE(gundam76 @ Mar 12 2010, 03:10 PM)
This one I have knowledge, for Penang Maybank, if you put FD in branch A, you have to go bk to A.

However In Public bank, you can open in Branch A, when due date, you can take out the money on branch B, bear in mind, it has to be less than Rm10K, if more than Rm10K, you have to go bk to branch A. This I have experience before.

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I taught it is 20K or no?
gundam76
post Mar 12 2010, 03:16 PM

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QUOTE(cherroy @ Mar 12 2010, 03:11 PM)
I taught it is 20K or no?
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This I do not know, usually I join with my mum, when we went together and put Rm20K++, the back officer told us about branch A and B. This incident happen last year ago, unless they have change the system that I do not know blush.gif

I do know Public Bank only and maybank, others I have no idea. Sorry brother sweat.gif
koh_424
post Mar 12 2010, 03:41 PM

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just to confirm tat..FD for 1mth rate is 2.25% PA.. means tat u have to take 2.25% divide to 12mths then only u got the figure of 1mth interest for ur FD total amount..:S kinda small like a sand..
keeseng12
post Mar 12 2010, 07:41 PM

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QUOTE(koh_424 @ Mar 12 2010, 03:41 PM)
just to confirm tat..FD for 1mth rate is 2.25% PA.. means tat u have to take 2.25% divide to 12mths then only u got the figure of 1mth interest for ur FD total amount..:S kinda small like a sand..
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yes, that's the calculation.
MilesAndMore
post Mar 13 2010, 12:46 AM

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QUOTE(cherroy @ Mar 12 2010, 03:11 PM)
I taught it is 20K or no?
It is RM10,000 at Public Bank. That is the maximum amount for Public Bank inter-branch withdrawal.


QUOTE(koh_424 @ Mar 12 2010, 03:41 PM)
just to confirm tat..FD for 1mth rate is 2.25% PA.. means tat u have to take 2.25% divide to 12mths then only u got the figure of 1mth interest for ur FD total amount..:S kinda small like a sand.
Yes. And it works the same way in all other countries.

This post has been edited by MilesAndMore: Mar 13 2010, 12:47 AM
nokia2003
post Mar 14 2010, 04:55 PM

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erm, does anyone here know a rough idea on how a foreign currency term deposit works?

i'm trying to compare the perks (and cons) as opposed to, putting MYR (by converting it to AUD first of course) in australia.

This post has been edited by nokia2003: Mar 14 2010, 04:55 PM
cherroy
post Mar 14 2010, 05:54 PM

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QUOTE(nokia2003 @ Mar 14 2010, 04:55 PM)
erm, does anyone here know a rough idea on how a foreign currency term deposit works?

i'm trying to compare the perks (and cons) as opposed to, putting MYR (by converting it to AUD first of course) in australia.
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here http://forum.lowyat.net/topic/512136/+220
SUSDavid83
post Mar 15 2010, 12:20 AM

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Another promo from MBB called "eFD Double Deal".

Get RM50 cashback now, when you place a minimum of RM50,000 in eFixed Deposit with a minimum tenure of 5 months!

Details: http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions
MilesAndMore
post Mar 19 2010, 05:08 PM

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Public Bank has revised their 12-month fixed deposit rate to match the one offered by Maybank from 2.60% to 2.75%. Guess they realized they have to do this in order to protect their market share as the second bank with the most deposit in Malaysia sweat.gif

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Dennos
post Mar 20 2010, 10:40 AM

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I got 3percent for FD from cimb


Added on March 20, 2010, 10:41 amits monthly mature

This post has been edited by Dennos: Mar 20 2010, 10:41 AM
alex_siong
post Mar 20 2010, 10:44 AM

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have u guys heard of 17% P.A?
penangmee
post Mar 20 2010, 11:06 AM

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QUOTE(alex_siong @ Mar 20 2010, 10:44 AM)
have u guys heard of 17% P.A?
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Scam
babybash
post Mar 20 2010, 01:03 PM

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QUOTE(Dennos @ Mar 20 2010, 10:40 AM)
Attached Image
I got 3percent for  FD from cimb


Added on March 20, 2010, 10:41 amits monthly mature
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How come is 3% monthly? as from the site, is written there only 2.25% monthly.
besiegetank
post Mar 20 2010, 02:33 PM

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QUOTE(Dennos @ Mar 20 2010, 10:40 AM)
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I got 3percent for  FD from cimb


Added on March 20, 2010, 10:41 amits monthly mature
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Even if it is for 1 year, it is still higher than most of other banks. Any prerequisite attach to open the FD acc?
koh_424
post Mar 20 2010, 03:26 PM

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is tat real the CIMB offering 3% for 1mth FD????
darkshadow
post Mar 20 2010, 03:34 PM

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CIMB 1 mth FD rate is 2.25%. even for 1 yr, it's 2.60%.



This post has been edited by darkshadow: Mar 20 2010, 03:35 PM
koh_424
post Mar 20 2010, 03:37 PM

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how to confirm tat bro??..any link or any supporting new can refer to??..
MilesAndMore
post Mar 20 2010, 08:14 PM

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QUOTE(koh_424 @ Mar 20 2010, 03:37 PM)
how to confirm tat bro??..any link or any supporting new can refer to??..
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.
koh_424
post Mar 21 2010, 01:37 AM

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QUOTE(darkshadow @ Mar 20 2010, 07:34 AM)
CIMB 1 mth FD rate is 2.25%. even for 1 yr, it's  2.60%.
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actually i have read through those bank page..as they mention is PA..as well i also consult PBB ald..just bit rclxub.gif bout tis bro mention in '1mth'..haha.. doh.gif doh.gif

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