Hey guys, may I know which bank currently having promo with the highest FD rate? Latest promo and FD rate as of Dec 2011.

Urgent! Thanks a lot.

Is Bank Rakyat the highest for now? I want to try their 12 months commitment. Someone please advise. Planning to dump in large sum of money (5 digits only). Please advise the best option.



This post has been edited by zeist: Dec 4 2011, 06:02 PM

Wonder why the corporate n individual's are diff too much?

Today I checked SCB online account again & confirmed got it too.

I don't quite trust bank rakyat or any local banks , afraid mismanagement like Greece , Ireland turmoil in mishandling of fund.

Anybody already place a deposit with this bank Rakyat qiradh investment account?
Are the interets rate returns accurate as projected? Thanks.

Latest promotion from UOB bank, 3month @ 3.45%
it valid until end of FED 2012

y no show at uob website?

http://www1.uob.com.my/personal/promotions...tion_index.html

Citibank, a mega foreign bank and also one of the largest banks in the world nearly goes bankrupt. Just saying

Seriously, if you are looking into depositing say RM1M or RM2M, then i guess even a super small bank like Bank Rakyat is fine actually.

RHB ... latest promotion 3.05 + 0.83 p.a; for 3 months FD. Also got free gift. Anyone has time to confirm promotion?

Need to put an equal amount of RM in both savings/current account and FD to enjoy the rates.
Ya, free gift will be gold plated souvenirs....

Bank Rakyat brochure.

According to the bank officer, the rate for the qiradh account will fluctuate.

I second you. Just too lazy to comment on it.

Public bank offer FD up to 3.98%..

http://www.pbebank.com/en/en_content/perso...prosperity.html

Finally it is updated in their website

Ok, noted. Will remove the Bank Rakyat pic I posted in 1st page until we get confirmation on exactly what is the rate.

Furthermore, the above brochure stated quoted rate for 1 year is 3.14



I want to point out a thing about Public Bank FD. Here is what I wrote in FD V1 Thread.

Well, I got news for you guys. Public Bank does not necessary practice above. The next time you withdraw your FD which matures on a non working day on the next available working day, see if PBB deducted the interest for the few days you are suppose to earn interest. Happened to me, they initially only paid me interest for the tenure mentioned in the Cert which was up to Saturday. I insisted they check with HQ as I was not going to accept being "robbed" by them. Only after that they did eventually pay me the 2 days interest (Sunday and Monday). Had to waste time waiting lah for them to check, but it is a matter of principle.

This post has been edited by Gen-X: Dec 6 2011, 07:19 PM

Dear wu ming,

Why your Bank Rakyat brochure is a bit outdated. The declared rate is for Mar 11. Now is Dec 11. This is the latest rate from their website. You also can go their branch to find out latest rate.


Profit Rate » Qiradh General Investment Account-i

Qiradh Investment Account-i


Period of Investment (month) Rates (%)
Corporate Individual
1 2.90 3.26
3 3.05 3.65
6 3.10 3.75
9 3.20 3.85
12 3.25 4.01
15 3.25 4.05
18 3.30 4.10
24 3.45 4.20
36 3.50 4.25
48 3.60 4.30
60 3.70 4.50
> 60 3.70 4.60






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Last Update v3 Last Update : 06 December 2011, 10:00 AM

Just to clarify,

Citibank Malaysia is incorporated in Malaysia.
Although Citigroup is parent company for Citibank Malaysia, Citibank Malaysia entity is independence to Citigroup US.

While in Malaysia there is no Citigroup US operating here, nor accepting deposit in Malaysia.

All banks here be it so called foreign banks, are incorporated here.

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Added on December 6, 2011, 10:35 pmI don't mean which bank is good but most of the time, service of the so called foreign banks are way much better than local one.
The local one needs to learn a lot from them.

Their service is much comprehensive, customer service is more professional, and less waiting time for ordinary transaction etc.
At least above is just my experience in comparison.

This post has been edited by cherroy: Dec 6 2011, 10:35 PM

Do not know lah bro. I went to Bank Rakyat branch today and this is the only brochure made available on the qiradh account.
Sorry lah. You offended ka?

no sure why it yet in the website, but the staff from UOB confirm with me already and she say this is just start from last 2 days.... u can try to call the branch

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Added on December 7, 2011, 12:38 amafter calculate the actual rate for 12 month, is 3.505% only....look like not very attractive leh

This post has been edited by Ataman: Dec 7 2011, 12:38 AM

The 3.98% is only for the 12th month only.
Effectively, it is not that high if you calculate the whole tenure.

today i personally called to PIDM to check and is confirm that Bank Rakyat is no under coverage of PIDM

PIDM free toll number is 1-800-88-1266 and i like to give to PIDM's staff coz they are very friendly to answear question