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

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a6meister
post Jul 8 2009, 02:57 PM

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saadiq saver, used to give up to 2.55% interest, with 7% rebate on petrol and 5% on hypermarket. The interest of june to july had been revised to 1.7%.

I faced this problem fe days ago cause my interest were paid less. The service is terrible. The 1300 hotline never get answered.

Till now, the best deal would still be CITIBANK with 3.25%, with 3 months locked in period. besides, you still get one of the apple mp3 thing once signed. I just did it in damansara perdana. The service is much better than Standard Chartered bank.
a6meister
post Jul 9 2009, 01:27 PM

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ok, when u talk to citibank, they will tell you that in order to get 3.2% interest, you will need to have 3 accounts or investment,
1. unit trust
2. fd
3. current account

This is called citigold account, or something similiar.

For my case, i do not dump the money into UNIT TRUST, which mean it is slightly different. I have one current account, and a fd and also a credit card with them. The credit card i had with them is about 4 years, and monthly transaction is about 4-5k.

In order to have this FD + CURRENT ACCOUNT only, u need at least 3005000, which mean -
1. FD - 300K
2. CURRENT ACCOUNT - 5K (MIN TO OPEN AN CURRENT ACCOUNT)
3. A CREDIT CARD WITH GOOD HISTORY IS AN ADVANTAGE.

All these were bound with 3 months.

No point to call through phone, if really interested, just walk into the bank. For my case, i walk into D. Perdana Branch.
a6meister
post Oct 14 2009, 09:02 AM

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QUOTE(MilesAndMore @ Oct 6 2009, 11:37 AM)
Many banks are having promotion now. You can check with CIMB Bank, Hong Leong Bank, RHB Bank and OCBC Bank.

The standard rate for 1-month placement is 2.00% per annum. Last year it was 3.00% - 3.10%  smile.gif
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MilesandMore, actually i am quite impress with your exposures to the local banking industries as you knows quite a lot about them.

ok, i have a question, i heard that MBSB, is giving out 2.4% annually interest for 1 month fd. have u heard about it ? It is a sub company of EPF? I am chinese, i actually dont dare to enquire them as it isgovernment body.

my questionaire are,
1. are the MBSB FD opened to races and public?
2. is the money protected by PIDM ?
3. WILL OUR NAME SAFE? ( i mean, free of taxman )

if you have above information, kindly share with me. Thanks

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