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

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faradie
post Feb 28 2012, 10:31 PM

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Went to OCBC tdy intending to invest in their GA-i product which is supposed to give 4% return after 12 mths. Know what the CR personnel said? No, not guaranteed one, can range between 2-4% depending...WTF
What product in OCBC give u guys 4%? Anyone kind enough to pls clarify?
faradie
post Feb 28 2012, 11:04 PM

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QUOTE(gsc @ Feb 28 2012, 10:35 PM)
Mighty saver, 3 mths 4% yearly rate

BTW, receive a mail from OCBC 16 March (Friday) 10pm to 18 March (Sunday) 9am service interruption
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Tks for the reply. Note its not a 12mth product.
faradie
post Mar 14 2012, 11:32 PM

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QUOTE(fdsiao @ Mar 14 2012, 09:38 PM)
hi all, just want to open a discussion... i suppose there is 5% interest tax for deposit amt of above 100k.
assume for FD RM1m deposit, and a bank is able to offer 5% interest... but 50k * 0.95 = 47.5k, which makes the
interest become 4.75% right?

for large amount of deposit, is there any other this kind of "hidden" charges?
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Interest from FD is not taxed in Malaysia
faradie
post Jun 22 2012, 09:49 AM

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Hey you are getting off topic..I thought this is a thread on FD rates not bank chgs.

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