Thanks Bro for the cal. Just as I suspected, lower than Affin's 3.6%

Thanks for confirming that Bank Rakyat's interest/dividend fluctuates. The interest is paid monthly?

By the way, for the 5 year FD with MBSB interest is paid half yearly or yearly?

Yah, based on current promotion (exclude Islamic promos) looks like I also have to transfer my funds to UOB too next week with OCBC 5% 3 months (hopefully) maturing.

I did transfer some funds again to OCBC GIA-I 4% last week (now headache got to maintain minimum funds in OCBC PB account too).

Updated my blog on current FD promos by HLB and RHB, next week Monday will update again (1st post too) as I am sure OCBC will have new promo. For now still showing promo by Public Bank and OCBC valid till 31 March 2012 (for info and comparison purposes).

Malaysia Banks Fixed Deposit Promotion April 2012

Latest rates by OCBC - as usual minimum RM10K fresh fund.

3 Months - 3.5%
6 Months - 3.6%

Too bad no longer term but it is better that UOB by 0.1%

Alliance Bank 3.6% for 3 months ended last month and currently no new promo.

Updated my blog and first post too. To read my comments on current promos please link to read more at my blog.

Malaysia Banks Fixed Deposit Promotion April 2012

** Edited**
Too busy recently with RTKXI, just read The Star and saw CIMB Ad for their Preferred Customers.



Average 3.56% but I got no idea if need to deposit funds into CASA to be eligible for the promo.





This post has been edited by Gen-X: Apr 2 2012, 08:30 PM

Bro, I blur, 3.65% for 6 months which bank?

Noted. Thanks Bro.

click here for OCBC Promo T&C

or click below link to my blog, just updated it.

Latest Fixed Deposit Promotion April 2012


Talking about AUD FD, got me interested as my daughter is expected to go downunder for her B.Sc. OCBC offering 8.67% for 1 month and their rate for 6 months at 4.58% not too bad. But, who knows what will the exchange rate be down the road.

Was looking at Melbourne banks, the term deposit rates really varies between banks. Maybe I will go do some research and post an article on AUD Term Deposit Rates. Can someone please give a the list of banks in Melbourne that have many ATM around besides NAB, Commonwealth and Bank of Melbourne.

Earlier it was mentioned 6.5% for BankWest but max AUD500 deposit a month.


For OCBC, it is a Fixed Deposit Promo and minimum deposit RM10K

This post has been edited by Gen-X: Apr 5 2012, 08:37 PM

Like that ar. I must go check it out tomorrow.

Based on what gsc mentioned, if have to convert back to RM and cannot renew in AUD, then no point lah I start new thread.

You are right, I see I see clearly that ICICI US FD rates die die also no one can match it.

This post has been edited by Gen-X: Apr 5 2012, 11:47 PM

That's what I was thinking but gsc mentioned need to convert back to RM upon maturity. I was thinking of depositing into OCBC promo and earn 8.67% for a month and then continue with their Foreign Currency Time Deposit (NOT Dual Currecny Account). I am going to OCBC to find out more and then report here. And also, I guess I got to have an Australia account too first before I can remit. That's another problem right now.

This post has been edited by Gen-X: Apr 6 2012, 01:19 AM

Thank you Sir for clarifying it.

Thank you very much for the feedback. I just read the above after I prepared my table on Australia Interest Rates. Must go check out ANZ and CBA the next time I update my blog.

What I noted while gathering info for my article is that OCBC Foreign Currency Time Deposit rate can change daily! I noted that the rate for AUD 6 months increased today compared to yesterday.

As for Australia Term Deposit interest rates, boy, lagi complicated, each bank have different rates for different deposit amount. Anyway, those of you who are interested, click below link to read my latest article where I have tables for few Australia Banks Interest Rates and also OCBC, RHB and UOB AUD Time Deposit. You can skip the intro and just look for the tables, hahaha

Australia Education, Term Deposit, Savings Account and Credit Card Interest Rates

Oh, you guys must check out Bankwest mentioned by Beachkid earlier. They are offering 10% for kid's account!!!

Anyway for OCBC Promo, the extra 5% interest for 1 month Foreign Currency Time Deposit is good until 30 June. I might just try it out soon.

This post has been edited by Gen-X: Apr 6 2012, 05:46 PM

Bro, you should go set up a financial house and manage other people funds with your knowledge and expertise

thank you for the offer Bro.

Yah, I spoke to a HSBC RM, she told me can help me set up account in Australia. Anyway, I have decided to fly to Australia next month to go check out the Universities there.

Those that have money and not willing to take risk are happy with FD

Bank it into your current account and your cost is RM0.15 or like others mentioned Alliance, OCBC and UOB will write the cheque in your name for FREE.

IF you got a pile of cash,with interest of 0.5%, RM100K earns you RM500. A million ringgit is extra RM5K. For with 1% extra, that's RM1K for every RM100K. And if you have children like me, the last two years is great where we can earn 4.5% and 5% from HLB Junior FD And it is TAX FREE.

Savings Plan and structured product not necessary will earn you more in the long run. Shares, that is another story. But CASH is still king

This post has been edited by Gen-X: Apr 9 2012, 10:43 PM

Normally bank staff get extra 1%. If you say 4.15% for 12 months makes sense because OCBC Board rate for 12 months is 3.15%. But their 6 months board rate is 3%, so how you get 4.15% ?

Are you calling me a liar You never heard does not mean it is not true.

fdsiao, for less than RM500K, don't waste time nego, go play FD musical chair like some of us (me included).

Having said the above, if you have few million with the bank (not necessary per deposit), it depends on you relationship with the Bank Manager/RM (treat them good like take them out for lunch), they can always email/call HQ and request for higher rate (for existing funds) that can at least match Affin's rate. This is true for HLB, OCBC and UOB but it is on a case to case basis. Even Affin Bank Manager can request from HQ higher than their 3.6% 12 months if you depositing 1 million and above.

I have mentioned before for companies, check with OCBC and UOB Commercial Dept and you'll be surprised that they can beat Affin's board rate.

This post has been edited by Gen-X: Apr 16 2012, 01:29 PM

Bro, see first page lah, you want 3 and 6 months goto OCBC. You want 12 months go to UOB.

Ya lah, repeat, these people never so search wan, hahaha

StanChart latest step up FD promo until 6 May 2012. Minimum fresh fund RM50K. Average 4%. Click here to my blog Fixed Deposit Page to see more promos.

hahaha, go nego with the Assistant Manager and ask him to match SCB offer lah.

Earn RM150 for few minutes work, do it twice a year and you'll be RM300 richer

depends lah, if you need the funds next week why waste time, but if you not going to use the funds for the next 6 months, you'll losing out 1.25% with HSBC instead of going for SCB current promo.

This post has been edited by Gen-X: Apr 27 2012, 11:51 AM

Wah, you really maximize the cash back. Anyway, you better go read the terms and conditions and check if you need to spend X amount within certain time frame.

Can. Combination of cash and cheque also can.