FD rates in Malaysia, Which bank offer the highest FD rates?
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 Apr 9 2010, 10:00 AM
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#1
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846 posts Joined: Jan 2003 From: Kuantan Pahang 
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QUOTE(chance @ Apr 8 2010, 03:24 PM) HSBC bukit tinggi offer 5%FD rate for only 3 months now yes a link or some pdf would be nicemax 50K per account  how is it that only bukit tinggi has it? do you have to be a HSBC premier account holder? 50K cap for HSBC premier is very low as their other accounts are already getting similiar interests, if not better. |
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Apr 9 2010, 11:50 AM
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#2
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Senior Member
846 posts Joined: Jan 2003 From: Kuantan Pahang
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QUOTE(MilesAndMore @ Apr 9 2010, 11:01 AM) Similar interests from other accounts ? Such as ? I am not aware of that. Indeed, 50k for Premier clients is peanut. when you have primier you're given an account to place your mulah rightthat one... 50K is peanuts for premier clients correct, which is why i am saying they would not bother placing because of the 50K cap |
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Apr 9 2010, 03:26 PM
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#3
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Senior Member
846 posts Joined: Jan 2003 From: Kuantan Pahang
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QUOTE(MilesAndMore @ Apr 9 2010, 12:00 PM) Sure. But it ain't no where near 5%. One doesn't even get 1% out of the checking account. i am not a customer of HSBC premier so I do not know but the last enquired (2008) you could park your money in bonds and other high interest time locked accounts for as high as 7%-12%. I am sure about Citigold though, we can park it multiple ways not only thru the special checking account they give you. Just you have to park the money there, an no taking out business.QUOTE(MilesAndMore @ Apr 9 2010, 12:00 PM) Sure. But it ain't no where near 5%. One doesn't even get 1% out of the checking account. haha maybe our definition of peanuts are different.LOL ! Am certain many will beg to differ on this view of yours. let's say you're a premier customer and you place 1M in bonds and about 600K in deposit account, 50K out of the 600K should be peanuts. This post has been edited by aeronic: Apr 9 2010, 03:31 PM |
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Jul 2 2010, 09:46 AM
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#4
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846 posts Joined: Jan 2003 From: Kuantan Pahang
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i just called them yesterday too
sucks you cannot do it online |
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Jul 25 2010, 05:45 PM
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#5
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Senior Member
846 posts Joined: Jan 2003 From: Kuantan Pahang
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QUOTE(anne1222 @ Jul 25 2010, 02:43 PM) something all the fellow forumers should know, investment banking bank like OSK-UOB offers the best FD rate so far, for years they juz keet low profile and their market mainly for big corporation. i dunnot know what is the rate after the recent OPR increased, but a month back, the rate for a year was 3.4 %. bear in mind that they prefer high end customers- min deposit is 500k, tats y their % is damn good... if u deposit more than 2mil, 3.9% a year. i knew dis bcoz my boss is banking/depositing money with them. im shocked when i fisrt heard bout dis. if more than 100mil, u can nego for better rate. but then, who has 100mil?? big corps or ultra ultra hi networth individual. anne1222, thanks for your infowill update the latest FD rate later, once i got the info. do bear in mind, most people who want to put their money in FD, the deposits are about 10K -200K even 200K they place under private banking investment linked package 500K customer usualy place them under investment linked bonds etc proof me wrong, tell me how many people you know place 500K in pure FD? This post has been edited by aeronic: Jul 25 2010, 05:46 PM |
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Jul 26 2010, 12:24 PM
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#6
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846 posts Joined: Jan 2003 From: Kuantan Pahang
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QUOTE(cherroy @ Jul 26 2010, 12:17 AM) ..... just to add on, untill end of this year it is unlimited. FD is guaranteed until 60K by PIDM. .... QUOTE(pidm website) Q: What is the deposit insurance limit? A: The Government of Malaysia announced a temporary deposit guarantee on 16 October to cover all deposits held in member banks and certain financial institutions. This Guarantee protects deposit fully, no matter the amount involved, until 31 December 2010. Q: What happens in January 2011? Will PIDM revert to the RM60,000 limit? And will all the guaranteed banks continue to be guaranteed? A: The temporary Government guarantee will expire on 31 December 2010. We plan to then revert to the explicit and limited coverage deposit insurance system. PIDM will monitor developments in the banking system and evaluate the need to increase the limit and the scope of coverage at that time. |
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Jul 26 2010, 04:08 PM
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#7
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846 posts Joined: Jan 2003 From: Kuantan Pahang
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QUOTE(MilesAndMore @ Jul 26 2010, 01:23 PM) Negotiable Instrument Of Deposit anyway the 60K or 250K is not really per bank as islamic and non islamic deposits are insured separately.Per bank for example if you open a savingsblah-i islamic and you have a non islamic current and checking account, both categories are insured independently for up to 60K. QUOTE(MilesAndMore @ Jul 26 2010, 01:23 PM) Anyway, the chance for any commercial or investment banks in Malaysia to fail is highly unlikely. Don't think you guys have to worry too much about that. How the banks are governed here are very different from USA. aiyaa i think these guys ask for their comparative knowledge or "just to know" info onlyit is good to know, does not always mean you’re worried about the bank as they have reserves in malaysia when you ask just like when you're interested in a chick, you are damn sure you wanna kao her but you still wanna ask her how old she is just to know |
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