i placed my Aust.FD at PBB counter exchanged@2.725...for last few days...now counter exchanged drop till 2.425 today
really lose alot...any1 placed any of the Aust FD?
FD rates in Malaysia, Which bank offer the highest FD rates?
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 Oct 8 2008, 09:51 PM
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#1
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Junior Member
75 posts Joined: Apr 2007 From: kl 
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lol...aust. exchange rate fall alot...
i placed my Aust.FD at PBB counter exchanged@2.725...for last few days...now counter exchanged drop till 2.425 today really lose alot...any1 placed any of the Aust FD? |
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Oct 18 2008, 10:29 AM
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#2
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Junior Member
75 posts Joined: Apr 2007 From: kl
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QUOTE(mopster @ Oct 17 2008, 11:25 PM) hi, Bank WILL NOT convert back ur fcy fd to RM upon maturity. Thus, you are still enjoying the interest earned in fcy currency upon renewal of ur fcy fd. does anyone know whether the bank will do a convertion back to RM while renewing FCFD? Well, if they really do that then the depositor will lose a lot of money because the FD will be converted from FC -> RM -> FC .. hehe and worse if your tenure is short, eg 1week, 2weeks etc. I couldnt find any info on this from banks' websites. really appreciate some advice. thanks. On the other hand, what could be the reason they allow short tenure like 1week, 2weeks? any catch in there? CIMB even allows 1day tenure.  FD Interest may vary fr time to time. (Eg, PBB revised Aud. % per month fr 7%>6.5%>6.1% within a month due to high currecy fluctuation) *Conversion back to RM will only be make upon withdrawal of ur fcy fd. This post has been edited by calvin00cool: Oct 18 2008, 10:35 AM |
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Oct 18 2008, 11:38 AM
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#3
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Junior Member
75 posts Joined: Apr 2007 From: kl
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QUOTE(arsenal @ Oct 18 2008, 11:36 AM) wat is the minimum forex fd? 10k right? yeapz  |
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Oct 18 2008, 10:13 PM
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#4
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Junior Member
75 posts Joined: Apr 2007 From: kl
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QUOTE(cherroy @ Oct 18 2008, 12:32 PM) Not exactly correct. You can withdraw in the form of foreign currency as well in the form of remittance ie if you put in AUD then you can wihdraw in AUD in the form of remittance and send it to Australia for whatever purposes or TT to elsewhere. yeapz...u r right dude. they can remit out as TT as well.  Sorry becoz im not sure how correct i am in providing info here  |
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Oct 25 2008, 05:34 PM
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#5
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Junior Member
75 posts Joined: Apr 2007 From: kl
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QUOTE(Darkmage12 @ Oct 23 2008, 09:53 AM) 100k still so stingy sigh i did rather go for gold Everyone is differ and if u can take the risk then why not to puchase the gold?some people is not even a risk taker....so the best target for them is FD,thats why banks are coming up wf tons of marketing strategies to attract these ppl. *RM 100k for this PB FD WONDER...its 3.47% average for 4mths  which include no partial withdrawal.... QUOTE(David83 @ Oct 25 2008, 04:00 PM) Should be min deposit of RM 25k. You select which package you wanted I guess. hmm...25k average 3.59%p.a for a mths(locked for 10mths)...is only slightly abit higher than those normal fd interest rate  This post has been edited by calvin00cool: Oct 28 2008, 08:46 PM |
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Oct 28 2008, 09:09 PM
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#6
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Junior Member
75 posts Joined: Apr 2007 From: kl
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QUOTE(Norns @ Oct 26 2008, 10:33 AM) Hmm how about MBB Efixed deposit ? thats 3.70% p.a .. seem higher among all right ? try this...actualy im not realy know about FD, just tried to test with my rm1k lolz i put 12 months .. mean 12 months it will mature n i get 3.70% out of my rm1k right ? RM1k*3.7%/366*366=RM37.00 (interest earned). |
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Dec 8 2008, 01:04 PM
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#7
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Junior Member
75 posts Joined: Apr 2007 From: kl
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QUOTE(espree @ Dec 7 2008, 08:06 PM) Is FD not investment account. Every 6 months can withdraw the interest. FD is savings...not INVESTMENT. |
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