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Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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kwokwah
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 Jan 12 2012, 03:37 PM
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QUOTE(Dino168 @ Jan 12 2012, 03:01 PM) Went to OCBC to open FD account (confirmed that only need to open a current and saving account to enjoy the 5% promotion); but was told when I am there .... need introducer for Current Account and the introducer need to present.   No need lah. You need RM300K to open a Private banking account and another RM1,000 for CA and RM250 for SA. Half of the total amount ie RM301,250/2 is eligible for 5%pa for 3 mths and bal ie (300- 301,250/2) is eligible for 3.6%pa for 3 mths. Better prepare for at least RM301,250 to qualify. If not you can place for 6 mths to 24mths at Kuwait Finance House @ 4%pa. To qualify only RM20K. PIDM and islamic banking. Interest upfront. Best in my opinion if you don't have RM301,250. |
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kwokwah
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Jan 12 2012, 05:51 PM
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I think the rate of 4%pa (Kuwait Finance House) for choice of period 6, 12 and 24 mths will be the best for most of us due to its low qualifying amount (RM20K) and interest up front. So it's slightly more than 4%pa. It's Islamic banking and PIDM insured.
This post has been edited by kwokwah: Jan 12 2012, 05:51 PM
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kwokwah
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Jan 12 2012, 07:24 PM
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QUOTE(BoomChaCha @ Jan 12 2012, 05:58 PM) How do they pay interest upfront?  Do they pay monthly interest upfront? Do they issue a FD certificate? Their 4% FD promo is very straight forward and easy to understand if versus to OCBC.. Kuwait House probably is the best option for this time being...  You need to open a savings ac to let them credit in the interest upfront. If due to premature withdrawal , they just less off that interest amount from your principal FD. |
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kwokwah
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Jan 15 2012, 03:55 PM
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QUOTE(lkcheng @ Jan 15 2012, 03:39 PM) Can't find any better rate than OCBC 3.8% 9 months if exclude exclude premier / priority banking and Bank Rakyat. So OCBC 3.8% 9 months should be the best now. Kuwait Finance House, also a bank with PIDM offers 4%pa for 6, 12, 24 mths deposit |
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kwokwah
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Jan 18 2012, 08:39 AM
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QUOTE(tbheng @ Jan 18 2012, 07:39 AM) But, if transfer fund for new FD promo in another bank, most banks do not accept personal cheque.  I have not met any banks in Malaysia that do not accept personal cheques. Very impractical to carry around large amount of cash. Care to name any? In fact they even credit you the same day if you bank in before 4pm. |
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kwokwah
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Mar 14 2012, 06:57 AM
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Maybank Islamic offering 5%pa for deposits above RM50K for non withdrawal for 1 month. Is there a catch? http://maybankislamic.com.my/promo_get2campaign-111230.htmlThis post has been edited by kwokwah: Mar 14 2012, 09:43 AM |
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kwokwah
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Mar 14 2012, 11:38 AM
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Can somebody explain "incremental average daily balance". Does it mean new funds and daily interest?
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kwokwah
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May 12 2012, 06:53 AM
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QUOTE(1282009 @ May 12 2012, 01:07 AM) I was told that the amt to bank in is 30k. Besides the 300 cash back, customer also entitles for 1.5% interest in the supersalary a/c. AFAIK Minimum to qualify is average 10K growth in May (1st campaign period) or June (2nd campaign period). Over 3 months if the average growth is 30K you get 300 (4% pa) on top of your super salary interest which is 1.5% pa (112.50). So in total you will get 412.50. The only sad thing is the cap of 30K and short earning period. I just wonder if we can participate in the 2 campaign period to double the benefits. This post has been edited by kwokwah: May 12 2012, 06:54 AM |
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