Yes very true indeed and there are no step up rate , its a fixed 3.6 % pa and protected by PIDM

60k? tot pidm banks insure up to 250k per person?

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Added on December 13, 2012, 10:54 pmi m sure there must be some still giving 3.6% with this and that condition...

i mean there seems to be no major bank w/pidm offering it on a "regular basis", i.e. no condition like must be fresh funds, limit 9 months, bla bla...

i dun have the time to drive around hunting and shifting funds all the time, so for someone like me, 3.4-3.5% is probably the best i can get with little hassle. ok la... better some stuckup ones with 3-3.1% only!!

This post has been edited by AVFAN: Dec 13 2012, 10:54 PM

As far as I concerned 250k for saving accounts but for fixed deposit is up to 60K

Is it ?

no.

http://www.pidm.gov.my/About-Deposit-Insurance/Coverage.aspx

Thanks AVFAN , by the way what about cooperative bank ? BSN, BR and MBSB ?
They only protected explicitly ? and what does it means ?

dun really know as i dun bank with those. betetr let others explain..

some info here.
http://www.pidm.gov.my/Takaful---Insurance...mbers-(Tak.aspx

Greetings guys, I'm a student currently and have planned to put some of my saving in FD. Have done some research and have gathered that hong leong bnk offers 2.9% for 1 month and 2.95% for 2 months. My question here is that the minimum amount to open up a basic FD would be Rm500 right ?

1 month = min. RM5K
2 months and above = min. RM500

AmBank offers better rate, 1 month e-FD at 3.05%



This post has been edited by Pink Spider: Dec 15 2012, 12:22 PM

Thanks for the reply.

I might be slow can anyone confirm if the OCBC Mighty Weekend has come to an end? I went to OCBC early Sunday morning but the guard told me that OCBC no longer opens on weekends.

i'm interested in affin 4 months FD with 3.63%, after 4 months will it still be the same rate? or it change to normal rate?

Mighty weekend already ended sometimes back

Thanks for the confirmation. Now I gotta spend a day's worth of leave just to withdraw my FD then.

HSBC offering 3-month FD(for new Premier Accounts) with 1st 2 months at prevailing board rate(2.75%) and 7.88% for third month, effective rate is 4.46%.

https://www.hsbc.com.my/1/2/personal-bankin...posit-promotion


This post has been edited by MGM: Dec 17 2012, 11:21 AM

Yes, MBSB accepts banker's checque, but you have to make a cheque deposit before 4.00pm
in order to get the same day effective of your FD.

You have to bring your FD cert to uplift your FD in MBSB.
So, do not lose your MBSB FD cert, otherwise it will be very troublesome.

MBSB will issue a Maybank cheque at the maximum limit of RM 50K per cheque; for example,
if you withdraw RM 55K, they will give you 2 Maybank cheques, if you withdraw RM 102K, they
will give you 3 Maybank cheques.

MBSB's cheque is as same as banker's cheques from other banks, so far no problem at all.

No charge for their cheque.

It will need around 2 working days to clear the cheques for same local town deposit, it is just like normal.

Even if HSBC gives 10% for the 3rd month, I will still avoid it because after the promotion period, HSBC Premier Banking customers are stuck with board rates. And if one's AUM goes below the minimum, penalty fee comes into play.

Thanks for the reminder.

Anyone here wants to start the circle?

UOB FD Promo Rates - Effective from 15 December 2012 until end of February 2013

3 Months: 3.5 %
9 Months: 3.65 %

Minimum and maximum fresh fund: RM 10K, RM 5 Millions

I have created a circle. Let me know if you guys wanna join me :-) just give me your facebook ID and i will invite you to the circle :-)