FD are for losers, period.

There are many other places to put your money.

3month CIMB higher 3%pa

hi guys,

Need some help here.. what bank currently provide the highest FD rate for short term saving saying 1 month o 2 months? just rm5000 only

Thank you

There is an advertisement about the OCBC bank FD promotion in The Sun paper.
Go to this site: http://203.115.192.117/monday/mon_page5.html

It is 3.30% p.a. for 3-month and 3.60% p.a. for 9-month. Promotion runs for 5 days only, so hurry! :

juz found out that maybank eFD rate had increase from 2.75 to 3%.

i have a question here though because i never use their auto renewal option before. when the FD got auto renew, which interest rate the bank will give us? the current rate or the rate when we started to put in the FD?

thanks.
i only have mayban and public bank acc so far.
only can get 3.05% if place for 3 months.

Please invest lah. FD rate is 3.3 percent per year. Inflation is 4 percent per year.

for a quick question coz I dunno where to ask this question.

I have RM 500 worth of coins (5 cents coins to 50 cents coins) which I saved for quite some time and I would like to bank in to my account. Is it possible to do so where I need to bring the two big containers to bank or is there any other way?

thanks

Starting this Saturday 1st October and until 31st October, SCB if offering 5% interest for up to 3 months for new and existing e$aver account. From what I gather from the ad in The Star, the 5% inte4erst is for months of October, November and December. To maintain minimum RM3000 for 3 months. click below link to see ad. So if you like only open the e$aver account on 31st October 2011, you'll only get 5% for two months.

http://mystar.my/ads/ad.aspx?id=0dc8ba6f-c...78-8df2845fb471

Technically, if account opened on 1 Oct 2011 and only have RM3000, just bring cash to be deposited, no need to use cheque lah     
RM3000 is not alot of cash nowadays (30pcs x RM100) only.

Which bank can online make FD

Savers losing out as inflation bites
By Lee Wei Lian
October 13, 2011
KUALA LUMPUR, Oct 13 — Malaysian savers are seeing their nest eggs whittled away by a combination of high inflation and low deposit interest rates which is giving them a negative rate of return.

The Consumer Price Index (CPI) increase hit a two year high in June at 3.5 per cent before moderating to 3.3 per cent in August while bank savings deposit rates on the other hand have remained below one per cent.

Even long term deposit rates typically range between only 3.0- 3.5 per cent which puts it only roughly at par with the official inflation rate.

Many Malaysians however feel that the real rate of inflation is higher than what has been officially reported even as they have to struggle with the cost associated with property and commodity bubbles that have been fuelled by cheap liquidity globally over the past three years.

Bank interest rates are guided by Bank Negara’s Overnight Policy Rate (OPR) which was slashed from 3.5 per cent to 2 per cent following the 2008 financial crisis to help support domestic economic growth.

While the OPR has since moved back up to three per cent, Bank Negara has so far raised borrowing costs only once this year to three per cent as compared with three increases in 2010 due to concerns over the uncertain global economic environment.

Some analysts expect Bank Negara to maintain the OPR at three per cent or even reduce it slightly to help spur domestic economic growth to compensate for external weakness.

“We think Bank Negara will tolerate a brief period of small negative real interest rates to support domestic demand,” said CIMB research in a report last month.