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 Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.

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AVFAN
post Jun 24 2012, 02:28 AM

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QUOTE(1282009 @ Jun 23 2012, 12:23 PM)
Interested to know what's the offer for July too.
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a fren told me hong leong's board fd rate for 1m is only 2.9% now.

another banker says australia would be cutting rates next month.

a chance zeti planning to cut blr at next month meeting?
AVFAN
post Jul 2 2012, 05:11 PM

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genxyz... like yr blog, good job! thumbup.gif
http://generationsxyz.blogspot.com/p/fixed-deposit.html

but the page "jerks" when i scroll up and down... maybe my browser problem? anyone face same?

anyway, from yr blog, fd rates have come down for some banks since 1 jul 2012. do you know if the 9-12m deposits for pbb prosperity, cimb step-up for effective 3.5-3.6% p.a. and the like have been canceled or replaced by similar? tq!

QUOTE
Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of July 2012.
Bank - FD rates for 1 month, 3 months, 6 months and 12 months. Click on the bank listed below to go to the bank's relevant site on rates.
Affin Bank -  3.05%, 3.1%, 3.25% and 3.6%
Alliance Bank - 3%, 3%, 3.1% and 3.25%. FD Gold 12 months 3.3% (Interest paid monthly).
AmBank - 3%, 3%, 3.15% and 3.2%. Am50Plus 12 mths 3.25% (Interest paid monthly, FREE PA).
Citibank - 2.9%, 3.05%, 3.1% and 3.10% (Revised down May 2012)
CIMB Bank - 3%, 3.05%, 3.1% and 3.15%
Hong Leong Bank - 2.9%, 2.95%, 2.95% and 3.1%
HSBC Bank - 2.75%, 3%, 3% and 3.15%
Maybank - 3%, 3.05%, 3.1% and 3.15%
OCBC Bank - 2.85%, 2.95%, 3% and 3.10% (Revised Down May 2012)
RHB Bank - 3%, 3.05%, 3.2% and 3.2%. (Revised down January 2012).
Public Bank - 3%, 3.05%, 3.1% and 3.15%. PB Golden 50 Plus 12 months 3.25%.
Standard Chartered Bank - 2.9%, 2.95%, 2.95% and 3.10% (Revised down January 2012 and May 2012)
UOB Bank - 2.9%, 2.95%, 2.95% and 3.10% (Revised down on 15 December 2011)
From the above, HSBC 1 month FD rate is the lowest at 2.75%. The highest over the counter FD rate for 12 months is by Affin Bank at 3.6%.



AVFAN
post Jul 2 2012, 06:01 PM

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QUOTE(Gen-X @ Jul 2 2012, 05:35 PM)
noted Bro, thank you.
Bro, thank you.

If not mistaken PBB step up ended in May (see post#2) and CIMB even months ago (once again check post#2).
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ok, thanks. i din even know! will check with them next month if similar offers are in place.

seems like rates coming down... do you see a general reduction in fd rates, a cut in blr too soon?
AVFAN
post Jul 17 2012, 07:20 PM

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QUOTE(Gen-X @ Jul 13 2012, 09:13 PM)
next time call the bank like I mentioned in 1st post.

http://www.hlb.com.my/promo/pfs/dep_bankwide_flexi/tc_en.pdf

guess what, kids always get more at HLB smile.gif

http://www.hlb.com.my/promo/pfs/dep_bankwide_jfd/tc_en.pdf
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thanks to genx, i checked this up at a hlb branch.

yes, 3.6% for sr citiz and 3.65% for kids, 1 yr.
interesting thing is interest is paid to account on a mthly basis, which is good.
but contrary to the website, it's 6m min, not 3mth. <6m zero int, they deduct from principal if you have been paid so far.
if you break right after 6m, you get 1/4 of int, i.e. 1/4x3.6%=0.9%.
overall, i think it's fine, not bad given what's out there. free umbrella! biggrin.gif

there is also another promo going on - at 3.95% but for 3m only.
AVFAN
post Jul 18 2012, 12:14 AM

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QUOTE(guy3288 @ Jul 17 2012, 11:26 PM)
I dont know why you all wanna put long term (1 year and above) FD at the rate of 4% or less. Becos you all want only certain 'branded' type of banks?

Me i dont care. As long as they pay the highest rate, i go, even if no PIDM . So far so many years still ok, they never go bancrupt.

one has own reasons for certain moves.
me, i into all sorts, a basket of diff risks and liquidity from stocks to props.
if i have some mulah for fd, it's usually for 1 yr or shorter, knowing the time will come for something else.
that being the case, risk free has to be risk free.
and the convenience of location from where you live/work.
no fun getting stuck in traffic for 2 hrs and spend RM20 petrol just to get another RM50!
AVFAN
post Jul 18 2012, 12:41 PM

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QUOTE(Gen-X @ Jul 18 2012, 10:56 AM)
agree with above. all of us have different reasons and strategies and more importantly it depends on what stage are we in life.
Since my funds are not ready for actions, play musical chair and get side benefits like collecting new credit cards  tongue.gif  and paying GST for nothing doh.gif
And for those of you into Privilege Banking or credit cards (which I doubt in this thread, haha) and very free,  click here to read my latest freaking long article UOB Privilege Banking Visa Infinite & Retirement.
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rite... fd is fd - fixed return and just deposits. it is not an investment.
to me, it is to partially protect yr cash from inflation while waiting to be used for something else in the very near future.
that's why i'm fine with 3.2-3.6% pidm with convenient locations, no frills, no extras, minimal hassle.

this thread with people like gen-x keeping us posted on what is where and when is very useful! thumbup.gif

there are many other 5-6% deposit instruments with low risk, non-pidm from major banks but hese are not fd.

AVFAN
post Jul 18 2012, 08:47 PM

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QUOTE(yiyibrowers @ Jul 18 2012, 06:29 PM)
Just now the cimb manager told me that they have a step up fixed deposit which is 6month tenure... 1-5months:3.10% then 6month is 4.88%.....
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thanks for info.
(5x3.1+4.88)/6=3.397% p.a.
which is not as good than the last step-up of effective 3.564% for 9 mths.
ok, for 6m, can't expect more at this time.
dep rates going lower, no incentive for people to save if bnm doesn't raise rates while inflation keeps going higher.
AVFAN
post Jul 27 2012, 09:45 AM

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QUOTE(Gen-X @ Jul 27 2012, 08:32 AM)
Depending on the amount you want to deposit and your location. Read first page where HSBC offering 5% for 3 months.
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rite.... actually, can see many banks advertising very good rates to attract fresh deposits while others do the same to keep existing ones.

when you check, you find it's pwp which totally dilutes the effect or it's 1 or 3 months which is too short.

then, have to move to another bank, etc. only with large amounts it is worthwhile doing this merry-go-round.

i prefer to go for those 6-12 months no frills acceptable rates with banks closest to where i work/live.

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