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Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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nomen
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Oct 31 2011, 01:50 AM
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Getting Started

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QUOTE(ronnie @ Oct 30 2011, 11:31 PM) Starting 1 Nov 2011, those with SCB Online Banking should keep an eye open for the first payout of the 5% interest promotional rate. Do report in.... According to the T&C interest payments will be calculated at the end of each calendar month and credited into the Promotion Account on the third working day of the next calendar month.
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nomen
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Dec 16 2011, 07:59 PM
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Getting Started

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QUOTE(tifosi @ Dec 16 2011, 12:26 PM) Any catch for OCBC? Seems like a very good deal to me. Can't find any info on OCBC site. This is the link to OCBC FD Promo (its only up to 3lst Dec. 2011) http://www.ocbc.com.my/personal-banking/Pr...0Promotion.shtm
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nomen
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Dec 28 2011, 07:02 PM
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Getting Started

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QUOTE(desmond_fantasy @ Dec 28 2011, 02:52 PM) Minimum placement 10K. http://www.ocbc.com.my/personal-banking/Pr...4%20TC%20V2.pdf
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nomen
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Jan 9 2012, 11:44 PM
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QUOTE(MilesAndMore @ Jan 9 2012, 09:20 PM) Guys, how can you all forget about Kuwait Finance House ? It's been offering 4% return since last month for 6, 12 and 24 months tenure and this promotion is due to expire at the end of next month. It needs a minimum deposit of RM20,000 and there doesn't seem to be a maximum limit for this promotion. There is no need to split your money between normal board rate and this promotion rate either! I saw the banner when i walked pass a KFH branch this morning. I was on my way to UOB to buy new banknotes and to get their ang pow for this year  Thanks for sharing with us. I have never heard of KFH before, didn't sound like a bank. Upfront interest payment is awesome. I am considering the 6-month tenure, that is, if the deposit is PIDM protected.
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nomen
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Jan 11 2012, 04:56 PM
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Getting Started

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QUOTE(leaF @ Jan 11 2012, 03:55 PM) hi guys , I am one of the SCB 5% that yet to withdraw the money out .Would like to give a try to Kuwait Bank , but would like to ask anyone did join and put the money in already ? dont flame me , been browsing this thread back few pages only and get the info about SCB 5% from here and gen x blog as well. I withdrew mine on Jan. 5 and still considering if I should go for the 4% offered by Kuwait Finance House but I am kind of skeptical, so temporarily I park in PBB for 1 month and some in OCBC for 3 months. Both 6 and 12 months tenure seems to be a long period of time as we cannot predict what we will have in store after 3 months. I am thinking in terms of Bank Negara's OPR and the upcoming General Election issues, for instance in the Middle East nobody expected this 'Arab Spring' thing to happen.
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nomen
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Feb 10 2012, 08:35 PM
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Getting Started

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QUOTE(ronnie @ Feb 10 2012, 03:57 PM) The other day I opened the OCBC GIA 4% FD on a Saturday. The cheque cleared 2 days after the start date. Would it still use the original start date on the certificate ? I opened mine on Wednesday 08/02/12 with a Banker's Cheque and through my previous experiences with all the Banks, they always follow the date on the certificate itself so I presume it does not matter when your cheque clears.
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nomen
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Feb 17 2012, 11:06 PM
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Getting Started

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QUOTE(smokey @ Feb 17 2012, 11:32 AM) hi... i have savings account in cimb and i do not have a check book. if i want to open FD account in OCBC, what options do i have to transfer the 10k with minimum cost? if the FD rate for 3 months is 3.6%, would that mean the interest i will be getting would be 10000 * 3.6% * 3/12 = RM30 for 3 months? sorry, never open FD before... Option 1 - By cash Option 2 - Withdraw from your savings account and ask for Banker's Cheque, but you will be charged between RM2.15 to RM5 bank commission, check with your bank. As for the 3 months FD @ 3.60% interest calculation: RM10,000 x 0.036 x No of days/366 (You will have to total up the No of days in the 3 months FD period as some months have 30 days and 31 days)
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nomen
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Feb 27 2012, 03:02 PM
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Getting Started

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Thanks MNet for the helpful info.
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nomen
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Apr 5 2012, 07:00 PM
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Getting Started

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QUOTE(Gen-X @ Apr 5 2012, 05:33 PM) Bro, I blur, 3.65% for 6 months which bank? Bro Gen, the OCBC FD promo valid from 1 April 2012 until 30 June 2012 3-month for 3.5% p.a. 6-month for 3.65% p.a. My FD matured today so I closed account and would be going back on Monday for the 6-month with the same fund. This post has been edited by nomen: Apr 5 2012, 07:08 PM
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nomen
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Apr 7 2012, 01:08 AM
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Getting Started

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QUOTE(Dino168 @ Apr 5 2012, 07:49 PM) Please advise where did you get this info? Can't find it on OCBC webpage. Why need to closed account and go back in on Monday? Since FD already matured, why can't withdraw and open a new FD account; on the same day?  Normally when the particular FD is matured and withdrawn, it is termed closed. I made a withdrawal by means of OCBC Cashier's Order on the day of maturity i.e. on Friday. justanovice said correctly, the new FD promo is only valid for fresh funds and so I need to go back on Monday because it takes 2 days for the cheque to clear in my current account with a different bank, so it is actually moving out and getting back to OCBC with the same fund.
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nomen
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Apr 9 2012, 11:43 PM
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Getting Started

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QUOTE(gsc @ Apr 9 2012, 10:19 PM) If not mistaken OCBC dont charge provided it is in your name otherwise it RM2.15 like other banks OCBC does not charge for preparing Cashier's Order in your name during FD withdrawal, whereas Maybank is charging Rm5 for each cheque. PB and StanChart are charging Rm2.15 per cheque.
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