I usually park my money in CIMB Money Multiplier account - a current account that pays 2.5% pa if your deposit is RM10,000 or more.
Just wondering what better options there are.

and click here to my new Fixed Deposit Page. If it is still slow, bro, you better get Unifi lah.

HL kid FD @ 3.65.

Just went to Maybank branch and enquired about PMA-i account. The staff is not quite sure about the product. Anyway, as PMA-i is a current account they insist that I have to look for an introducer who already has a current account with Maybank or Maybank Islamic even though initially one of the senior staff said there is no need for an introducer if no cheque book is requested...
Now either have to look for an introducer or give it a miss...

Speaking my mind on the FD rate, I think there will be a drop in the rate after the BNM meeting in early Nov. Why ?
Thailand has reduced their rate recently. And crisis in Europe is getting worse.
To keep our business/economy above the critical level, they need to help with a lower borrowing cost.
I hope I am wrong. I have a few FD due in Nov and Dec.

Bloomberg said today in its report that concern that Bank Negara Governor Tan Sri Zeti Akhtar Aziz’s hesitation to join neighbours from China to South Korea in cutting borrowing costs this year may be due to a reminder of the US subprime crisis though keeping interest rates too low for too long will spur financial risks.
http://www.themalaysianinsider.com/litee/p...rive-gold-rush/

Search for better yields drives gold rush
http://www.themalaysianinsider.com/malaysi...rive-gold-rush/

Currently cimb sg only offer 0.83% p.a fd..which i think much more lower than my is 3.x..now $1=rm2.5,max is 2.52,mini  2.45,whats ur opinion??

This is not your normal bank bond like CIMB Innovative or PBB NIT issued few years back which are not refernced to any index. Which means you get the coupon rate fixed
6.8% and 7.2%, somewhere around there IINM., UNLESS the bank collapse.

This one  is more like structured product and return is referenced to an index in this case KLIBOR.
The index out of range you may get ZERO return, ie no interest/dividend payment during that period.So you can get ZERO return even when the bank is not collapse!

Besides the return rate of 4.8% is poor for such a long period. You can safely get 4.7% guaranteed month after month irrespective of whatever index up or down, with 5 years FD at MBSB.
so to me , this one is a risky product, not good. i had similar experience some years back with this, end up getting very little only over 3 years, worse than FD!!

It is not a safe product! When the index went out of range bank no need to pay interest and it will keep it going without call back.

When index keep within range bank cannot tahan the payment, bank can easily play dirty by call back and return your investment.

It seems interest rate is not going to rise..

Hey guys,

Am looking to put 10k into FD, do you know any fuss free banks? Looked at OCBC, but have to open 2 accounts.

What do you think of Public Bank's FD rates?

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Added on December 12, 2012, 12:02 pmOh oh, anyone signed up for this?

http://www.cimbbank.com.my/promo/step_up_fd/

Hi AVFAN what I know PIDM would secure our deposit value if anything happens to our deposit amount below 60K.

Like cooperative Bank , BSN, BR ,MBSB and etc , they are no protected by PIDM , if anything happens to these bank all our deposited value will forfeited, since these bank are protected explicitly and not implicitly ?

Bro, 3.6% anytime if you willing to deposit at Affin Bank 

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

Is it ?

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

Understood already.. I had found an article about it and the effective rate is around 3.26% - 3.36% pa..

Uob 9-mth @3.65%.

UOB promo is on their website Click HERE

If you're UOB priority customer, might wanna check if they can offer you 3.7% for 12-months.
At least that's what they offered me. But I went with OCBC in the end.

AMbank 3.8 pa min 50000k existing customer

HLeong..already 4.18%...if put RM 300k & above...gifts and  can get 4.28%?? 



80:20  effective will be lower..   gift..

Can't u read? "Earmark for 4 months"

Hong Leong's FD  at 4.18% p.a. for 12 months looks good.....  but the only drawback is the meager earnings for the 20% in CASA which would be earmarked for 4 months 

Is anyone here going for it?