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

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Macrusin
post Jun 1 2012, 12:51 PM

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OCBC Bank Malaysia Promotion until 30th June 2012. Minimum Fresh Fund RM10K

3 Months 3.5%
6 Months 3.65%

Tis 1 seems like the most attractive
Macrusin
post Jul 30 2012, 10:10 AM

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Guys, I have called HSBC in Taman Maluri, but nobody answer.
That's why i request help from here.
According to page 1, HSBC is offering Promotion 5% FD for 3months (particular branch only).

Is that mean when i put in RM10,000, i will get back RM 500 after 3months?
correct me if i was wrong
Macrusin
post Jul 30 2012, 10:21 AM

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OMG, didn't notice "per annum"
So the maturity date will be ended after 3months?
What if I want to continue, the rate will back to normal isn't it??
Macrusin
post Jul 30 2012, 10:43 AM

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QUOTE(Pink Spider @ Jul 30 2012, 11:39 AM)
marketing ploy

1st, attract u to deposit with them with wonderful rates BUT for short term e.g. 3-6 months

After that, if other banks also no give FD promos i.e. FD rates among banks are similar, u will lazy to move ur FDs rolleyes.gif
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Ya,you pointed out the main point rclxms.gif
What if I got 10k on hand, which bank you will highly recommended?
Any precious opinion you can suggest?
Macrusin
post Jul 30 2012, 05:00 PM

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QUOTE(gsc @ Jul 30 2012, 02:36 PM)
before maturity, follow up in this forum ......welcome on board on musical chair ......

if for only 10k and you foresee not going to use the money in the next 12 month, then place in 12 month FD
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Gratitude for your precious advised as well.

Allow me to make below assumption:
Let us say Bank A offers 3.5 % interest rate per annum.
I deposited RM10,000, is that mean after 12 months. Money I got from interest equal to RM 350.
Please justify me if I was wrong.

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