FD rates in Malaysia, Which bank offer the highest FD rates?
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 Jul 9 2010, 01:37 PM
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#1
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Junior Member
231 posts Joined: Apr 2005 From: KL ---> SH ---> SG Expiry: Mar 3005 
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I'm using Maybank eFixed Deposit, quite convenient to me if u ask..
1-5months: 2.5% 6-11months: 2.6% 12-24months: 2.8% Anyone know the max amount i can deposit in FD account without trouble? |
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 Jul 12 2010, 02:04 AM
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#2
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Junior Member
231 posts Joined: Apr 2005 From: KL ---> SH ---> SG Expiry: Mar 3005
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QUOTE(MilesAndMore @ Jul 9 2010, 05:57 PM) Trouble as in ? The maximum amount you can place online or you are afraid of BNM come knocking your door ? remember i saw someone quoted something about tax for fd account over a certain amount.... ok, i found it, for sharing purpose: Any FD that is RM100,000 and above is subjected to 5% withholding tax (withhold directly by the bank). The loophole to avoid tax if you need to put more than RM100,000 FD is to place several FDs with smaller amount, for example, 5 x RM50,000 FD. So the tax is easily avoided. This post has been edited by pml_318: Jul 12 2010, 02:08 AM |
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Jul 12 2010, 11:02 AM
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#3
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Junior Member
231 posts Joined: Apr 2005 From: KL ---> SH ---> SG Expiry: Mar 3005
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QUOTE(pangolin88 @ Jul 12 2010, 10:50 AM) You are right oh...thanks...i'm such a dunbassFrom Aug 2008, there is no longer any withholding tax for Citizens and PR for any amount of FD |
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