FD rates in Malaysia

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

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gkl83	Mar 25 2009, 08:27 AM Return to original view \| Post #1
Look at all my stars!! Senior Member 8,377 posts Joined: Nov 2004	QUOTE(keeseng12 @ Mar 2 2009, 07:38 AM) by right, regardless of eFD or FD, the interest rate will be based on the very moment you open the FD account. therefore, let say you open the FD account at that time where the interest rate is 3.5% per annum, regardless how it rise of drop during/at the maturity period/date, it'll be still 3.5% (according to the interest rate when you open the account) i think your statement was no true right now... i have 2 eFD in my maybank2u... first eFD 3.5% (applied mid of 2008), then apply second eFD is 1 is 3.0% (applied early of 2009) but first eFD no reduced to 3.0% along... but i checked both of the interest rate just now... both become 2.0% ... thought the economy recession coming? usually bank will offer better rate right? to ensure that they can utilize our money can be invest...
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gkl83	Mar 25 2009, 08:54 AM Return to original view \| Post #2
Look at all my stars!! Senior Member 8,377 posts Joined: Nov 2004	QUOTE(David83 @ Mar 25 2009, 08:38 AM) The downward revision of FD rate corresponds to the reduction of the BLR. 97/98 recession, managed to hit 8%+ for FD and 10%+ BLR... weird that 08/09 recession were upside down... any clues about it?
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gkl83	Mar 25 2009, 09:25 PM Return to original view \| Post #3
Look at all my stars!! Senior Member 8,377 posts Joined: Nov 2004	maybe in simple can say like this... our FD > deposit > bank > lend > customers less interest from customers = less income for bank = less interest for fixed deposit... correct me if wrong
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gkl83	May 2 2011, 05:41 PM Return to original view \| Post #4
Look at all my stars!! Senior Member 8,377 posts Joined: Nov 2004	QUOTE(twhong_91 @ May 2 2011, 05:30 PM) guys, my calculation correct or not? The fixed deposit rate is 2.75% for 3 months, if I deposit 20k then the interest that I gain is MYR550? Is it correct? all interest rate are yearly basis... unless u deposit RM20k for 12 month, u will get Rm550 interest... u just about to get RM137.50 if u deposit for 3 months only...
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