FD rates in Malaysia, Which bank offer the highest FD rates?
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 Aug 15 2010, 08:35 PM
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Elite
8,601 posts Joined: Jan 2003 From: KL  
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Saw Agro Bank ad in The Star sometime early in the week, FD rate 3.6% for Wargamas (age 50 and above). Just check out their website, their rate for 12months FD 3.4%. And wargamas get 0.2% higher than normal FD rate and interst paod monthly.
Below link to Agro Bank http://www.agrobank.com.my/agrofd-sijil-simpanan-tetap |
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Aug 15 2010, 09:57 PM
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Junior Member
134 posts Joined: May 2008
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Hi, would like to know if I want to place an FD under my parent's name, can I do it without their presence?
Thanks |
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Aug 15 2010, 10:04 PM
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Junior Member
132 posts Joined: Jan 2009 
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Dear TS, you cant. Unless you have a joint account with your parents, then you can do it. If not, you cant.
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Aug 15 2010, 10:11 PM
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Junior Member
248 posts Joined: Dec 2007
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FD placement you can with their valid ID, but withdrawal you can't
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Aug 15 2010, 10:15 PM
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Junior Member
134 posts Joined: May 2008
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thanks. do i need the original i/c? or photocopy will do?
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Aug 15 2010, 10:35 PM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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If they already have an existing FD account, then they don't need to be present if you use the same account.
However if you are thinking of opening a NEW account or have a joint account with one of your parent (his/her name as principal to get higher FD rate) then the person whose name is on the FD cert will have to be present to sign on the "signature card" for the bank's record. Having said that, if you know the bank's staff, he/she may let you take back the card for your parent to sign on it. |
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Aug 16 2010, 10:28 PM
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Junior Member
64 posts Joined: Mar 2010
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any1 has any ideas or suggestion, or point of view to share with?
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Aug 18 2010, 08:59 PM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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Got a call from one of HSBC;s new Amanah branch personel offering 5% FD for 6 months until end Sep (I think, can't recall) but need to deposit RM100K and another RM100K on other products (can be FD also).
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Aug 18 2010, 11:00 PM
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Junior Member
159 posts Joined: Jul 2008
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QUOTE(Gen-X @ Aug 18 2010, 08:59 PM) Got a call from one of HSBC;s new Amanah branch personel offering 5% FD for 6 months until end Sep (I think, can't recall) but need to deposit RM100K and another RM100K on other products (can be FD also). Any term & condiiton apply? |
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Aug 18 2010, 11:26 PM
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Junior Member
266 posts Joined: Nov 2009 From: Kuala Lumpur
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Standard Chartered e$aver account promotion 5% p.a.....may i know are the terms and conditions?
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Aug 18 2010, 11:32 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(jtleon @ Aug 18 2010, 11:26 PM) Standard Chartered e$aver account promotion 5% p.a.....may i know are the terms and conditions? http://www.standardchartered.com.my/person...ver-5x/tnc.htmlQUOTE 5.1 New Customers are customers who open a new Account from 1 August 2010 onwards. 5.2 New Customers will earn a total special interest of 5% p.a. on the ADB in their new Account during the Bonus Period . 1. The e$aver Top-Up Bonus Interest Campaign: Round 2 (“Campaign”) will run from 1 August 2010 to 31 October 2010 (“Bonus Period”), both dates inclusive. The Campaign only applies to fresh funds that are placed in e$aver (“Account”) with Standard Chartered Bank Malaysia Berhad during the Bonus Period. Fresh funds refer to funds that do not originate from any existing account with Standard Chartered Bank Malaysia Berhad (“the Bank”) or Standard Chartered Saadiq Berhad. |
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Aug 19 2010, 07:14 AM
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Junior Member
266 posts Joined: Nov 2009 From: Kuala Lumpur
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QUOTE(cherroy @ Aug 18 2010, 11:32 PM) 5.1 New Customers are customers who open a new Account from 1 August 2010 onwards. Thanks. ADB=e$aver=fixed desposit?5.2 New Customers will earn a total special interest of 5% p.a. on the ADB in their new Account during the Bonus Period . 1. The e$aver Top-Up Bonus Interest Campaign: Round 2 (“Campaign”) will run from 1 August 2010 to 31 October 2010 (“Bonus Period”), both dates inclusive. The Campaign only applies to fresh funds that are placed in e$aver (“Account”) with Standard Chartered Bank Malaysia Berhad during the Bonus Period. Fresh funds refer to funds that do not originate from any existing account with Standard Chartered Bank Malaysia Berhad (“the Bank”) or Standard Chartered Saadiq Berhad. do u think it is worth to put there for just one month and then withdraw? thanks |
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Aug 19 2010, 11:40 AM
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Senior Member
1,202 posts Joined: Jun 2009
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QUOTE(keneshiro7 @ Aug 18 2010, 11:00 PM) Any term & condiiton apply? actually the promotion is to open a HSBC premier account (needs 200k) and they will give 5% FD for 3 months. You can use that 200k for FD but there is a limit on the amount. Cannot remember now. |
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Aug 19 2010, 05:40 PM
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Elite
8,601 posts Joined: Jan 2003 From: KL
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QUOTE(jphlau @ Aug 19 2010, 11:40 AM) actually the promotion is to open a HSBC premier account (needs 200k) and they will give 5% FD for 3 months. You can use that 200k for FD but there is a limit on the amount. Cannot remember now. I actually went to HSBC Amanah today to confirm that the girl who called me was giving me accurate info. Well, the 5% FD is not for 6 months but 3 months.Yah, need to deposit total 200K where RM100K will enjoy 5% FD for 6 months and the other RM100K you can either deposit into another FD account (based on normal current rates) or invest in their products such as UT or whatever. |
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Aug 19 2010, 07:35 PM
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Junior Member
132 posts Joined: Jun 2008 From: Kota Kinabalu,Sabah 
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Please advice, i browse in maybank2u fixed deposit, i find this product "General Investment Account-iA Shariah-compliant investment account based on the concept of Mudharabah (profit sharing)"
is it a fixed deposit or some kind of risk investment? |
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Aug 19 2010, 08:16 PM
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Moderator
9,301 posts Joined: Mar 2008
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QUOTE(changjie83 @ Aug 19 2010, 07:35 PM) Please advice, i browse in maybank2u fixed deposit, i find this product "General Investment Account-iA Shariah-compliant investment account based on the concept of Mudharabah (profit sharing)" Same as regular fixed deposit. Just that it is based on the Islamic law.is it a fixed deposit or some kind of risk investment? |
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Aug 19 2010, 11:04 PM
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Junior Member
132 posts Joined: Jun 2008 From: Kota Kinabalu,Sabah
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thanks miles
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Aug 20 2010, 01:08 PM
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Junior Member
87 posts Joined: Aug 2005
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For young people, I always believe in putting money into investment or savings plan from insurance company. I got one with me paying RM1400 interest p.a for RM10k deposit. Guaranteed interest till you reach 99 years old. Interest can withdraw yearly or roll over. Some what I'll be getting bonuses as well if I maintain the deposit for certain years.
One of the best option to replace FD cos the rate could easily hedge against inflation rate in Msia and also FD rate in banks. |
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Aug 20 2010, 01:19 PM
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Junior Member
85 posts Joined: Jan 2010
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QUOTE(wilz @ Aug 20 2010, 01:08 PM) For young people, I always believe in putting money into investment or savings plan from insurance company. I got one with me paying RM1400 interest p.a for RM10k deposit. Guaranteed interest till you reach 99 years old. Interest can withdraw yearly or roll over. Some what I'll be getting bonuses as well if I maintain the deposit for certain years. Wilz mind to share which insurance company is that ? One of the best option to replace FD cos the rate could easily hedge against inflation rate in Msia and also FD rate in banks.  |
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Aug 20 2010, 02:12 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(TheBestICould @ Aug 20 2010, 01:19 PM) Wilz mind to share which insurance company is that ? I can assure you, it is impossible for any investment company, insurance company to offer a 14% guaranteed interest return. 10K, get 1.4k, could mean 400 is pure interest, 1000 come from your capital, so you get back 1400 or it is investment linked, and return rate purely depended on market performance. For sure, it is not a pure guaranteed interest to start with. If an insurance compaany can offer a 14% guaranteed return rate, I can guarantee tons of people will queue up, EPF, ASN, even gov fund also pour money into it, even Warren Buffett and Bill Gates also want. |
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