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

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echoesian
post Jun 6 2011, 05:54 PM

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Can I ask will the FD interest rate that was already opened for the past few years ago follow the latest interest rate after renewal? For e.g, last year I opened a FD account with 3% interest rate but this year it has raised to 3.5%, should my FD account follow 3.7% after the renewal date or it will stick back with the original rate?
echoesian
post Oct 7 2011, 10:17 PM

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QUOTE(BoomChaCha @ Oct 4 2011, 07:43 PM)
The above policy applies to exiting customers only.
Existing customers will get 5% interest on each month top up of each single deposit only, not
flat 5% rate for 3 months of total deposits.

For example, exiting customer A makes a deposit for 3K in October, then a 5% rate for 3K will pay to existing customer A.
Then, existing customer A makes another deposit for 4K in November, a 5% rate for 4K will be paid; but the 3K deposit made in
October previously will not get 5%.

For new customers, they can make deposits anytime (or top up) during October only.
New customers will get flat 5% interest rate for 3 months from October to
end of December 2011.

Interest will calculate on daily basis.
*
if I wanna open this eSaver account but I do not have any existing account with SCB, how do I transfer my fund from MBB via GIRO?
echoesian
post Oct 7 2011, 10:47 PM

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QUOTE(ronnie @ Oct 7 2011, 10:42 PM)
Go to MBB branch or use Maybank2u.com to perform the GIRO at RM2 per transaction (there's a limit amount per day)
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I know but the thing is there is no account no. as I don't even have an account with SCB
echoesian
post Oct 8 2011, 12:33 AM

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I'm wondering is there any penalty charges if close the account after getting the 5% and the end of the 3rd month?
echoesian
post Oct 8 2011, 09:46 AM

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QUOTE(MGM @ Oct 8 2011, 06:54 AM)
I think GIRO would take 2 days. For every rm10000, u earned rm2.74 less interest.
If you are a new customer, better to open the account with a cheque or Draft which is considered as same day deposit, and it costs less.


Added on October 8, 2011, 7:00 am
I think a better choice would be:
Go to MBB and buy a draft with your funds, I think it costs rm2.
Go to SCB, open the account and deposit with your MBB draft.
Your deposit should be considered as same day deposit.


Added on October 8, 2011, 7:03 am

Just leave a small amt in your account and closed it after 3 months.
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Why must deposit on the same day in order to get 5%? I thought as long as my eSaver has the RM3000 balance in Oct I'll entitle to the 5% ?

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