Are you all still going for FD?
I have just withdrawn all my FD after 2 years and I only earn 1 month petrol fee.
FD rates in Malaysia, Which bank offer the highest FD rates?
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 Sep 9 2009, 09:42 PM
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#1
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur  
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Nov 10 2009, 12:05 AM
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#2
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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FD is not a way to invest anymore. It is now only a place to locate your money.
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May 13 2011, 01:50 PM
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#3
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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Is there a table chart to show all interest rates each bank offers?
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May 13 2011, 03:47 PM
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#4
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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Maybank 2.85%
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May 13 2011, 04:02 PM
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#5
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4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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QUOTE(alvinfks78 @ May 13 2011, 03:52 PM) That would take effect from 11 May 2011 onwards.Mine is still having 2.85% cos my mother bought it before 11 May.  |
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May 18 2011, 09:37 PM
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#6
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4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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BLR stands for what actually?
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May 21 2011, 05:01 PM
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#7
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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I got a question:
When stock market crash, interest rate of FD will be higher, right? Let say, someone buys FD during market crash time, enjoy 7% of interest per year, does this 7% of interest rate apply to upcoming years despite market has recovered? |
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May 22 2011, 05:56 PM
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#8
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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QUOTE(wongmunkeong @ May 22 2011, 08:19 AM) If i remember correctly, in the 80's (golden bull run or some may say irrational exuberance) FDs were giving 12% to 13%+ Does it mean if someone buy the FD during 80s, the FD rate will be 12%-13% as long as he keeps it? . That was really out of whack - high FD and super stock market bull run.   |
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May 22 2011, 05:59 PM
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#9
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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QUOTE(David83 @ May 22 2011, 05:58 PM) The FD will auto-renewal to the latest rate once it gets matured. Even you placed a FD 20 to 30 years ago, I doubt that rate can be sustained. I see. Now I understood. Thanks!Then how come the people rushed to buy FD end of year 2008 since the rate only sustain for short period of time? Just to earn the additional few percent of interest? |
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May 22 2011, 06:08 PM
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#10
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Senior Member
4,458 posts Joined: Nov 2008 From: Kuala Lumpur
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QUOTE(David83 @ May 22 2011, 06:06 PM) FD no need to buy. It's just a placement of certain money for a fixed tenure. Ya, sorry i used the wrong word. FD isn't something to be bought, just a 'parking' for money for a fixed tenure.... The interest rate between 2008 and now doesn't differ much. My guess is between 0.5% to 1% only.  |
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May 22 2011, 06:16 PM
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#11
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Senior Member
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QUOTE(David83 @ May 22 2011, 06:10 PM) With the current FD rate, the return could easily be eaten up by inflation even though the government is reporting an officially low figure. Everybody knows that the figure doesn't really reflect the true scenario of inflation in the market. My friend who is an AIA insurance agent, told me that actual inflation rate every year is around 6% to 7%. Is that true? Or it is higher? |
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