FD rates in Malaysia, Which bank offer the highest FD rates?
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 Aug 11 2011, 07:36 PM
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#1
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Junior Member
100 posts Joined: Jan 2003 
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hi,
Today i went to hong leong bank to renew my FD.The staff there told me that if i have new fund to put into fd for 1 year,the rate is 3.8. What does new fund means?  Lets say i withdraw the existing fd then 1 week later i deposit back.Does this count as new fund?  |
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Aug 11 2011, 08:37 PM
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#2
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Junior Member
100 posts Joined: Jan 2003
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QUOTE(Gen-X @ Aug 11 2011, 08:31 PM) For 1 year 3.6% - Affin Bank and UOB until 31st Aug 2011 ( Minimum RM25K ) hiRHB got slightly higher but need to deposit X amount into Savings or Current Acct. Thanks for the info. The 1 year FD 3.8% is for Flexi FD right? For the Flexi FD, interest is credited monthly into Flexi One Account. therefore need to open another account and must check if you need to maintain minimum amount in the Flexi One Account to avoid service charge. But what caught my attention is the Junior FD where the rate is 3.9% for 12 months and 4.5% for 2 or 3 years. Offer until 30th Nov 2011. As for fresh fund, yes withdraw it and then deposit it back next day  Some banks will even allow you to withdraw as "cash" and then deposit it back as fresh fund. Ask your branch. No i don't think thats for Flexi FD as i don't have any Flexi account.They just told me any new fund (minimum 10k) can get 3.8% for 1 year.Anyway i'll go ask them again |
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