FD rates in Malaysia, Which bank offer the highest FD rates?
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 Jan 8 2009, 05:20 PM
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#1
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468 posts Joined: Apr 2007 From: PJ  
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QUOTE(Shinichi @ Jan 8 2009, 08:30 AM) Anyone notice CIMB FD rate has gone down to 3.5% p.a.? Most banks cut the interest rate for FD to 3.5% p.a. since Dec 1st, 2008.http://www.cimbbank.com.my/index.php?ch=su...8&tpt=cimb_bank  |
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Jan 22 2009, 11:21 AM
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#2
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Junior Member
468 posts Joined: Apr 2007 From: PJ
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QUOTE(Shinichi @ Jan 8 2009, 11:03 PM) Too bad then... must be due to current economic situation. I see Maybank is still at 3.7%. Don't know when will they revise the rate... Foreign FD seems interested but the foreign currency you invested might even drop further against MYR as there are many uncertainties. Your earned interest will not be enough to cover your losses. However, if the currency goes up against MYR, you earned from the appreciation of the currency along with the interest too!Added on January 8, 2009, 11:06 pmAre there any charges or requirement if we put money in foreign FD? Seems like NZD has the highest rate now. Correct me if I'm wrong... Good Luck! Added on January 22, 2009, 11:22 am QUOTE(David83 @ Jan 21 2009, 07:08 PM) FD would be go down after BNM slashes OPR rate. How soon they are going to adjust the FD rates? Today? Tomorrow? Any idea?Bank Negara cuts OPR by 75 basis points URL: http://biz.thestar.com.my/news/story.asp?f...49&sec=business This post has been edited by agape_ian: Jan 22 2009, 11:22 AM |
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