FD rates in Malaysia, Which bank offer the highest FD rates?
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 Mar 2 2009, 07:38 AM
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#1
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346 posts Joined: Oct 2005 
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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)
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Aug 28 2009, 08:15 PM
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#2
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346 posts Joined: Oct 2005
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Public Bank offers 2.5% per annum for 12-months FD.
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Mar 9 2010, 01:24 AM
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#3
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346 posts Joined: Oct 2005
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QUOTE(powind @ Mar 9 2010, 12:16 AM) Are you sure? What is the minimum amount to put? http://www.ambg.com.my/rates_fees_charges...._deposits_ratesAny website to refer to see ?  Requirements RM5,000 for FD and RM5,000 for insurance premium Minimum age: 18 years old and above. Minimum deposit amount: RM10,000 for 15, 24 or 36 months |
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Mar 9 2010, 04:43 PM
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#4
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346 posts Joined: Oct 2005
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QUOTE(gundam76 @ Mar 9 2010, 04:30 PM) Now FD rate has increased from 2.5% to 2.75% effectively today. I've checked Public Bank and CIMB website, 12 months FD only returns 2.6% interest.Usually I put 90% of my saving in FD, it maybe lower interest but then again, when I need money, I can withdraw anytime. |
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Mar 10 2010, 10:24 AM
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#5
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Junior Member
346 posts Joined: Oct 2005
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1 thing I don't really get it.
Why does certain banks offer 2.75% (since FD has been increased by 0.25%) but other banks just offer 2.6%? This applicable to 12 months FD, i mean. |
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Mar 10 2010, 10:38 AM
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#6
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346 posts Joined: Oct 2005
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QUOTE(kanethesun @ Mar 10 2010, 10:31 AM) so the bank which offer lower interest won't need to pay more interest to people who apply FD for 12 months? haha, and that will draw their customers away too.   |
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Mar 12 2010, 07:41 PM
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#7
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346 posts Joined: Oct 2005
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QUOTE(koh_424 @ Mar 12 2010, 03:41 PM) just to confirm tat..FD for 1mth rate is 2.25% PA.. means tat u have to take 2.25% divide to 12mths then only u got the figure of 1mth interest for ur FD total amount..:S kinda small like a sand.. yes, that's the calculation. |
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