Currently every banks have their own FD policy, for Maybank where i deposit for the fixed duration of 2 years, the interest rates are 3.050 %.

would it be consider lucrative enough?

if this is the case, would it be possible that i cancel the FD from maybank and then change to Ambank?

to me,it is like bleaching the contract.but i would like to hear for other alternatives as the money which i deposit is quite large amounted.

what is the minimum of deposit needed? any source of the website concerned?

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Added on June 11, 2010, 4:22 pmAny ideas for a newbie students to do with the FD? what is the minimum FD that we need to deposit to be entitled to the interest rates given?

This post has been edited by OMG!: Jun 11 2010, 04:22 PM

Anybody know what is the minimum deposit amounts to be eligible for FD in any banks? Would a RM3k be possible? Need some opinions onto which bank do offer that?
any advices for a university student to start off to deposit their money in any banks which offer a lucrative interest?
I want to start deposit my money while on my university study, probably hope to target a interest rates of >3.0%pa.

Fixed deposit is the one with maturity period while saving plan is the one without maturity period.A savings account enables you to save or deposit your money into an account and receive certain interest with no stated maturity.
Between the two, i believe FD offer a much more interest rates compared to saving plans . I would like to know to what extent do the two differ in terms of interest rates?

Well, i got a bank Islam card as well, and i am not sure about the interest rates given.haven't check yet.

Actually, want or don't want to open a bank islam saving account is not upon our decisions , i believe any scholarships holders from various IPTA are made compulsary to open one under Bank islam.

we are not being told whether we want or don't want, we are being made to have one.

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Added on June 15, 2010, 9:24 pmI wonder what are the differences between having a saving account and FD?

Wouldn't FD offer a much higher interest rates thna saving plans? interest rate for CIMB saving acc is of 1.20%, up to 2.40% p.a which i think it is lower than that of FD.

I know that the CIMB AirAsia Savers account offer a lucrative gifts and vouchers and so, it is offered For the first 100,000 CIMB Bank AirAsia Savers account holders only, is that based on lucky draw styles where u will will possibly got the chance to win that?


This post has been edited by OMG!: Jun 15 2010, 09:24 PM

Well, really thanks for the advices given here.
If let say i want to have my fixed deposit at PB for only certain period of time, says for 1 month to gain the interest rates of 2.83%, then after 1 month, i got to take up the deposit together with interest rates, and then deposit it at FD in Maybank, would i be incuring any loss for the constant transaction of money?
I am not quite sure about the FD thingy, if one wants to have FD at certain banks, can i transfer the amount of money that i want to deposit from my bank account to the FD account?




I see, most of the saving interest only range from 1,0 to 3.0 % is it? U love the interest given to this account? is the interest rates higher compared to other banks?




I don't see any need for me to have this debit card right at the moment.
anyway,Thanks for the recommendation=)
How about the Air asia free tickets? is it based on lucky draw styles? I am quite attracted to the free flight tickets

BSN 3.15%. I once heard the BSN staffs told me they often fail in marketing plans though the FD rates offered is the highest.
Plus the interest is guaranteed.

The annual report for 1 malaysia amanah saham : http://www.asnb.com.my/AS%201Malaysia%20-%...%20-%202010.pdf

ANyone has the idea of when does this Unit trust be opened to public?

if i were going to FD 10k in a bank, do i need to have a saving account first?

BSN offers steady 3.15%, currently i have my 10K onto it, not sure about others though there are forummer who mention RHB does offer a higher 3.20%, nowadays the FD rates for most bank won't shoot as high as 3.5%, if got, only for certain promotion period. If u wanna gain a higher rates, aim for SUKUK( btw, i don't think it is available at the moment), or ASM. Both of these are free of risk and principal guaranteed too, just that it is not always available all the moments.

So the condition is must be 10 months FD, then only you will get the interest rate of 4.38% right?

the other condition is the Money must from other bank , wondering when is the due date for this promotion?

I don't quite get it, supposingly a 4.38% for 10months is highly viable than a 3.38% for 9 months isn't it?
For this, we are ought to withdraw our FD money upon maturity duration for 10 months right?

My FD at BSN ( 3.15) will be matured only on 10 August, too bad !~

If i withdraw and transfer to OCBC FD, will i not be able to get the BSN FD interest?

Guys, i see there are not much people here would go for BSN Fixed Deposit . it offer at a rate of 3.35% per year ...

Wow, mind to show the way you come out with the effective rate?