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

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ronnie
post Oct 11 2011, 12:24 AM

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QUOTE(gchowyh @ Oct 11 2011, 12:14 AM)
I was also just informed today that SCB may stop the promotion anytime now for new accounts with the promo rate.

I just opened a supersalary account today & was informed that supersalary is better than esaver as the normal rate is higher at 1.5%.
There is no condition in opening a supersalary account & you can opt not to have cheque & atm card too.

I was also told that interest is calculated based on the date the cheque is cleared.
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Even SuperSalary offers 1.5%... in total you still get 1.5%+bonus 3.5% = 5% promo rate sweat.gif doh.gif
ronnie
post Oct 11 2011, 11:18 AM

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QUOTE
Effective 17 October 2011 until 30 November 2011, the following Hong Leong Junior Fixed Deposit promotion rates will apply:
4.2%p.a. for 24 or 36 months 
3.7%p.a. for 12 months 
As a matter of fact, in the 1st version of the T&C, the initial 4.5% promo was valid from 8 Aug until 8 Sep only...


This post has been edited by ronnie: Oct 11 2011, 11:21 AM
ronnie
post Oct 11 2011, 01:55 PM

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QUOTE(MNet @ Oct 11 2011, 11:52 AM)
Malaysia Banks Fixed Deposit / Time Deposit Rates as of October 2011.
Bank - FD rates for 1 month, 3 months, 6 months and 12 months. Click on the bank to go to the bank's relevant site on rates.

Affin Bank -  3.05%, 3.1%, 3.25% and 3.6%

Alliance Bank - 3%, 3.05%, 3.2% and 3.25%. FD Gold 12 months 3.35% (Interest paid monthly).

AmBank - 3%, 3%, 3.15% and 3.2%. Am50Plus 12 mths 3.25% (Interest paid monthly, FREE PA).

Citibank - 2.9%, 3.05%, 3.1% and 3.15%

CIMB Bank - 3%, 3.05%, 3.1% and 3.15%

Hong Leong Bank - 2.9%, 2.95%, 2.95% and 3.1%

HSBC Bank - 2.75%, 3%, 3% and 3.15%

Maybank - 3%, 3.05%, 3.1% and 3.15%

OCBC Bank - 2.85%, 2.95%, 3% and 3.15%

RHB Bank - 3%, 3.05%, 3.2% and 3.3%. Senior FD 12 months 3.3% (Interest paid monthly).

Public Bank - 3%, 3.05%, 3.1% and 3.15%. PB Golden 50 Plus 12 months 3.25%.

Standard Chartered Bank - 2.95%, 3%, 3.1% and 3.25%

From the above, HSBC 1 month FD rate is the lowest at 2.75%. The highest over the counter FD rate for 12 months is by Affin Bank at 3.6%.
Fixed / Time Deposit and Savings Account Promotions October 2011.
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.

Hong Leong Bank Fixed Deposit Promotion until 30 November 2011

Until 16 October 2011
Hong Leong Bank Senior FD 12 months 3.8% (Interest credited monthly into savings account).
Hong Leong Bank Junior FD 12 months 3.9% and 24-36 months 4.5% (Interest credited monthly).

17 October to 30 November 2011
Hong Leong Bank Senior FD 12 months 3.7% (Interest credited monthly into savings account).
Hong Leong Bank Junior FD 12 months 3.7% and 24-36 months 4.2% (Interest credited monthly)
OCBC Bank Fixed Deposit Promotion 5 October 2011 to 31 December 2011

OCBC Bank Time Deposit 3 months 3.5%
Standard Chartered 5% Interest Rate for e$aver, Super Salary and Saadiq$aver savings accounts.

This promotion of 5% flat interest rate until 31 December 2011 is applicable for new customers who open an eSaver, Super Salary and SaadiqSaver savings account in the month of October 2011 only and must maintain an average daily balance of RM3,000. Existing customers also enjoy this promotional rate but subject to additional terms and conditions.

Other Promotions

Some banks are also offering step up interest rates (with or without condition, e.g. some banks require that you deposit x amount in savings or current account), so you better average them out and I would think they still won't be able to beat Affin 12 months Fixed Deposit rate of 3.6%.
*
Please put the source lah... just copy and paste without acknowledgement.
* The above post has been reported. *

This post has been edited by ronnie: Oct 11 2011, 01:57 PM
ronnie
post Oct 11 2011, 03:18 PM

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QUOTE(tinkerbel @ Oct 11 2011, 03:01 PM)
@MNet,
In future, if you're going to be displaying someone elses' work, please put down source.

@Gen-X,
Thanks for the information tongue.gif
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Great work by the Moderator.... give MNet a warning star
ronnie
post Oct 12 2011, 09:42 AM

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QUOTE(gerrardling @ Oct 12 2011, 09:07 AM)
go for HLB junior, bro gen-x can help u on that  tongue.gif
*
HLB Junior FD longest tenure is 5 years at 3.90% p.a.
Current promo (until 16 Oct) is 3 years at 4.5% p.a.

This post has been edited by ronnie: Oct 12 2011, 09:43 AM

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