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

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penangmee
post Apr 2 2012, 11:42 PM

On my way
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Joined: Jan 2006


QUOTE(Gen-X @ Apr 2 2012, 05:30 PM)
Latest rates by OCBC - as usual minimum RM10K fresh fund.

3 Months - 3.5%
6 Months - 3.6%

Too bad no longer term but it is better that UOB by 0.1%  smile.gif

Alliance Bank 3.6% for 3 months ended last month and currently no new promo.

Updated my blog and first post too. To read my comments on current promos please link to read more at my blog.

Malaysia Banks Fixed Deposit Promotion April 2012

** Edited**
Too busy recently with RTKXI, just read The Star and saw CIMB Ad for their Preferred Customers.

user posted image

Average 3.56% but I got no idea if need to deposit funds into CASA to be eligible for the promo.
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For PREFFERED customers only. Check the conditions to become prefered customers. doh.gif



This post has been edited by penangmee: Apr 4 2012, 10:33 PM
penangmee
post Jul 29 2012, 02:33 PM

On my way
****
Senior Member
633 posts

Joined: Jan 2006


QUOTE(gsc @ Jul 29 2012, 02:29 PM)
it may be true that government may back it up in case the nonn-PIDM bank is running into financial problem. But the key question will be, will the government return 1:1 on money deposited with interest (which I doubt) ?

on the other hand the so called PIDM backed up bank limit to rm250k only, for those premier customer like Ocbc and other banks. Your money is not protected after the limit.

in short, individual has to take a calculated risk on his own as this forum is only sharing info.
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Another point to be taken into account is timing. Account holders with PIDM banks are guranteed to get their money within a short time frame. A/c holders with Non PIDM banks may eventually get their money but WHEN?

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