AmBank is having a promo now. Minimum placement of RM5000 for 3 months; 2.71%.

Forgot to mentioned, it's for their General Investment Account

This post has been edited by qpalzm87: Jul 2 2010, 03:19 AM

do ambank allow online FD placement ?

No.

i just called them yesterday too
sucks you cannot do it online

owh.. that's really inconvenient

OPR raised to 2.75%:

URL: http://biz.thestar.com.my/news/story.asp?f...96&sec=business

is it possible to do forex fd try cimbclicks?

Cannot. Sorry to disappoint you.

I'm using Maybank eFixed Deposit, quite convenient to me if u ask..

1-5months: 2.5%
6-11months: 2.6%
12-24months: 2.8%

Anyone know the max amount i can deposit in FD account without trouble?

Trouble as in ? The maximum amount you can place online or you are afraid of BNM come knocking your door ?

There's a new plan for eitqa thats coming out. 1st year 10% interest and 6% for the next 5 years. How about that ?

come Monday we can start seeing banks revising FD rates up.

remember i saw someone quoted something about tax for fd account over a certain amount....


ok, i found it, for sharing purpose:

Any FD that is RM100,000 and above is subjected to 5% withholding tax (withhold directly by the bank). The loophole to avoid tax if you need to put more than RM100,000 FD is to place several FDs with smaller amount, for example, 5 x RM50,000 FD. So the tax is easily avoided.

This post has been edited by pml_318: Jul 12 2010, 02:08 AM

I thought the minimum amount of money needed to apply for a Powervantage is HKD200k? (sorry because my relative has an account in Hongkong to play hongkong shares)

Does the same apply to Malaysia's HSBC PowerVantage?

This post has been edited by C-Note: Jul 12 2010, 02:18 AM

i thought no such thing anymore?

You are right
From Aug 2008, there is no longer any withholding tax for Citizens and PR for any amount of FD

oh...thanks...i'm such a dunbass

hi guys,

after reading through, i need some confirmation on the calculation of FD..

if let say i plan to save RM5,000 for 1month tenure with 2.5% p.a. , so my return would be,
5000 * 2.5 * (1/12) / 100 = RM10.42?

is this correct?

thank you

HSBC Hong Kong no longer offers HSBC PowerVantage since two or three months ago. It has been replaced by HSBC Advance and the HSBC PowerVantage account in Malaysia too, has been replaced by HSBC Advance effective today.

HSBC Malaysia offered two types of HSBC PowerVantage accounts in Malaysia.
1. HSBC PowerVantage E-Chequeing
or
2. HSBC PowerVantage Complete Access

For HSBC PowerVantage E-Chequeing, you need to keep at least RM20,000 in HSBC (can be in fixed deposit or your PowerVantage account) to avoid the RM5/monthly fee. As for HSBC PowerVantage Complete Access, you need RM60,000 to avoid the monthly fee which is higher at RM15.



Yes. Correct. But it is actually divided by 365 days.


This post has been edited by MilesAndMore: Jul 12 2010, 01:16 PM

so means is..

5000 * 2.5 * (30/365) / 100?

the 365 days division is at where bro?

thanks for the explanation.