You also do not simply challenge people who have actually invested their money in this kind of Islamic FD before lah


And why didn't you show me the link to OCBC earlier ? Asking you to open an account to test is considered rude ? Wow, we do learn new things everyday eh ?


Test it yourself to believe it! Simple enough! Why make it so complicated ? Many of us speak through our experience. If you are constantly in doubt of our answers, then you should just try it yourself and put this all to rest once and for all.


Well done! Since there is no way to convince anyone who is still in doubt (bank staffs also seem to be giving a different answer), the only way to find out is to do what Gen-X did! Learn learn... No point arguing with those who have had this Islamic FD before if you never had one yourself. There are times that we may provide a wrong information here. However, for this particular case, i am actually speaking through my experience.


It's fixed but many bank staffs don't seem to know it. I'm speaking through my experience as i have had Islamic FD (profit rate shown to me was 3.7% when i opened the account but by the time it matured, BNM had cut the OPR several times and the profit rate was only 2%. However, the total profit i received was based on 3.70%)


Been there, done that too

This post has been edited by MilesAndMore: Jan 20 2012, 06:25 PM

i think 3%per annum is about the highest offered in Jan 2012 for 1month conventional FD...Or do i miss out other higher ones?

Any1 can find any higher FD interest rates? Not the islamic or investment/unit trust combo types.

Thank you.

This post has been edited by hurricanemax: Jan 22 2012, 04:54 PM

not including promotion, affin bank offered the highest of 3.05% p.a. for 1 month

KFH so good??? what is their Commodity Murabahah offers? how it works diff frm GIA?

It looks like the OCBC 9 month FD with 3.8% int is the highest with shorter tenure and hence more worth it. Correct me if I'm wrong.

Well, it depends on preference. For me, I still prefer a longer term with 3.75% FD. Shorter term wise, for 9 months, OCBC 3.8% is the highest.
Oh, KFH 4% should be the highest ??

Guess I will go for OCBC then. No special promo from HSBC now I presumed.

HSBC is currently having a promo if you open new Premier Account. Look back 2 pages or so.

You didn't see the interest of RM1800 need to be paid sekalgus at month 1?

bank rakyat highest
4.01%pa
http://www.bankrakyat.com.my/web/guest/125

hehe I nearly dump all my savings at Affin Bank but luckily I double check.

lucky to have a close family member working at some bank.

What happend to Affin Bank?

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Added on January 26, 2012, 10:22 pmAmBank also RM2.15.



This post has been edited by 1282009: Jan 26 2012, 10:22 PM

Which bank you refer to?

Curently Ambank is also having 3% for 1 month FD. Yup, would like to know if there's any higher out there for 1 month duration. HSBC, UOB?

u can refer to this http://www.exchangerate.my/FDRates/.

This post has been edited by cww: Jan 28 2012, 11:46 AM

Thanks but this does not reflect the promotional rates that the banks might be having ..

Not sure of banks having promo for 1 mth FD but for 3 or 9 mths, OCBC having 3.6/3.8% if I'm not mistaken.
KFH having 4% for 6/12/24 mths.

I got myself the 9 mth OCBC couple days ago

Received call from Standard Charted Bank on 4% rate. The condition is you must restore back Dec balance then only the fresh fund will enjoy 4%.

Example Dec balance 100k
Jan withdraw 99,990.
Need to bank in money till 100k then whatever top up (min 10k) will only enjoy 4%.

Told the Std Chart staff, OCBC is giving 3.8% which is much better than her bank. She replied and said Bank Rakyat is offering 4.6%.

I think the CS get mad liao....4.6%?