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

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hankeymeal
post Mar 7 2012, 10:24 PM

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My foreign friend has 400K in CIMB FD account 3.6%PA. He asked me are there any bank that offer more like 7%. He want to put 1.5M.
hankeymeal
post Mar 8 2012, 12:42 PM

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QUOTE(batigolafa @ Mar 8 2012, 01:50 AM)
your friend is damn rich...he should invest in stocks or some unit trust
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My friend has retired. Don't want any risk investment. He just want to relax and play golf in Malaysia. We had check with CIMB and they gave us 5%, must lock for 7 years, only can withdraw the interest. We are searching for 7% if possible.


Added on March 8, 2012, 12:47 pmI saw this from HSBC

http://www.hsbc.com.my/1/2/personal-bankin...H_PFSH_A_UT_TDI

Is this 7% for 1st 3 months and then 3%?

This post has been edited by hankeymeal: Mar 8 2012, 12:47 PM

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