Click here to Original FD Rate Thread.
Click here to Fixed Deposit Rates in Malaysia V2 Thread

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 1st July 2012.
Bank - FD rates for 1 month, 3 months, 6 months and 12 months.

Affin Bank - 3.05%, 3.1%, 3.25% and 3.6%
Alliance Bank - 3%, 3%, 3.1% and 3.25%. FD Gold 12 months 3.3% (Interest paid monthly).
AmBank - 3%, 3%, 3.15% and 3.2%. Am50Plus 12 mths 3.25% (Interest paid monthly, FREE PA).
Citibank - 2.9%, 3.00%, 3.0% and 3.10%
CIMB Bank - 3%, 3.05%, 3.1% and 3.15%
Hong Leong Bank - 2.9%, 2.95%, 2.95% and 3.1%
HSBC Bank - 2.75%, 3%, 3% and 3.15%
Maybank - 3%, 3.05%, 3.1% and 3.15%
OCBC Bank - 2.85%, 2.95%, 3% and 3.10%
RHB Bank - 3%, 3.05%, 3.1% and 3.2%.
Public Bank - 3%, 3.05%, 3.1% and 3.15%. PB Golden 50 Plus 12 months 3.25%.
Standard Chartered Bank - 2.90%, 2.95%, 2.95% and 3.10%
UOB Bank - 2.9%, 2.95%, 2.95% and 3.10%



Fixed / Time Deposit and Savings Account Promotions 2013.
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.

Alliance Bank Step Up Promo until 31 January 2013.
Contributed by ronnie.

Please note that you have to deposit 10% into CASA too when calculating the effective interest rate.
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HSBC Amanah Term Deposit-i 5% Deposit Drive Promotion until 18 January 2013 for NEW Premier and Advance Accounts



One of the condition is that we must deposit 30% into Premier Account-i or Advance Account-i which pays miserable interest rate.

Click on link below to read my article on the HSBC Deposit Drive Promo where I touched on the T&C and calculated that the maximum effective interest rate for Premier Account is only 3.627%!!!

HSBC 5% Term Deposit i Promotion Until 18 January 2013


HSBC New Branch Opening Promo - Tabuan Jaya, Senawang, Cheng and Kubang Kerian/Kota Bahru Branches


Contributed by tbheng
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OCBC Bank Malaysia Promotion until end December 2012.

Combo FD and Savings - 3 Months FD 4.0% (Minimum Fresh Fund RM10K) where 20%(Minimum RM2K) equivalent amount deposited into FD must be deposited into a NEW Savings Account and maintained for 90 days. Click here to read my comments at my FD Page

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UOB Bank Latest Fixed Deposit Promotion Rates - Minimum RM10K.

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Hong Leong Bank Latest Step Up Fixed Deposit Promotion Rates




Other Promotions
Some banks are also offering step up interest rates (with or without condition, e.g. some banks require that you deposit x amount in savings or current account), so you better average them out and I would think they still won't be able to beat Affin 12 months Fixed Deposit rate of 3.6%.

Other Similar FD Accounts - Bank Rakyat Qiradh General Investment Account-i.
Click here to read my article on Bank Rakyat Qiradh General Investment Account-i

To read my comments and see more FD promos click >>> Malaysia Latest Fixed Deposit Board and Promotion Interest Rates by Major Commercial and Foreign Banks

To learn more on The Best and Highest Paying Savings Account in Malaysia for Adult, Kid, Parent and Grandpa click >> The Best Savings Accounts in Malaysia

Click here to read my article titled Australia Education, Term Deposit, Savings Account and Credit Card Interest Rates In this article I have tables of interest rates from several banks in Australia and also a Table for UOB, OCBC and RHB Foreign Currecny Time Deposit Interest Rates.

Click here to read my article Premier Priority Privilege Banking Accounts. This updated revised article now include comments for OCBC Premier and StanChart Priority Banking Account.

Banker's Cheque Fee purely for FD Upliftment/Withdrawal (Do not combine with other accounts, i.e. Savings Account)
Affin - FREE
Alliance - FREE
AmBank - RM2.15
Bank Rakyat - FREE
CIMB - FREE
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - RM5 same day or RM2 next day (no RM0.15 Stamp Duty??)
Maybank - RM5 or RM5.15?
MBSB - FREE
OCBC - FREE
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM0.15 or RM2.15 Conflicting reports.


Click here to my new blog called Fixed Deposit Malaysia where I have published an article to show you how you can combine OCBC FD Promotions to earn more money AND how you can continue earning 5% interest if you had opened a joint account earlier where the FD is maturing before 31 December 2012.

This post has been edited by Gen-X: Dec 30 2012, 12:33 AM

Promos ended in August 2012



Promos ended in July 2012


Promos ended in June 2012


Promos ended in May 2012


Promos ended in April 2012




Promos ended in March 2012





Promos ended in February 2012



Promos ended in January 2012



Promos ended in December 2011



Promos ended in November 2011


Promos in October 2011


This post has been edited by Gen-X: Sep 4 2012, 08:20 AM

FDMCGC - Fixed Deposit Musical Chair Gamers Club

If I miss anyone out, please let me know and state your contribution i.e. Post# at V2 or V3

FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread


This post has been edited by Gen-X: Sep 18 2012, 10:05 PM

Edited based on latest info by ascend post#26. Need to maintain the 20% in selected New Saving Account for 90 days.

http://www.ocbc.com.my/personal-banking/Pr...2012_INB_v2.pdf

This post has been edited by Gen-X: Aug 1 2012, 11:28 PM

2 months and need to transfer via online.... can transfer the 20% from the Smart Saver account from the Combo plan?

Yah, I can't remember who mentioned about the restrictions imposed on Smart Saver account. And Bro, you are right, withdraw and redeposit into CASA and then transfer via online

The 2 months FD online promo minimum RM5K and Max RM25K


This post has been edited by Gen-X: Aug 1 2012, 07:05 PM

Next time don't go for these kind of promo with "complicated" need to keep track and do this and that T&C

To ALL FDMCGC members, please see post #3 and let me know if I left you out of the list

This post has been edited by Gen-X: Aug 1 2012, 09:03 PM

The OCBC 4.5% is straight forward lah, it's Fixed Deposit - deposit and no need to do anything until maturity (and even by just leaving the 20% in the Smart Saver and not depositing a sen for 3 months until you withdraw it together with the FD, the effective interest rate for the combo is sill more than 4%), unlike SCB Savings Account with T&C requiring some activities.

You got contribute mah in V2, but next time better post something related to FD when you want to write a message else it's consider spamming

From your previous posts, you are good in analyzing the T&C like aeiou, MGM and gsc and your posts are always informative

This post has been edited by Gen-X: Aug 1 2012, 11:12 PM

aiyah, now I have to go revise back 1st post OCBC Combo to what it was initially assumed based on previous promo, haha

Thanks for the update. Looks like I no need to go bother about my money in the SMART Saver account until October but need to go deposit RM50 this month to get 2.85%.

And see, that's why you are elected (more like assigned) as a Committee Member

This post has been edited by Gen-X: Aug 1 2012, 11:42 PM

Bank branches that do not have reception counter like that one loh, you must go and approach them to open new account. OCBC main office KL, upon entering the door, got Leng Lui greet you And my HLB RM very friendly and helpful.

Your branch in Penang no Q ticket?

For me, I have been a HLB account holder for years and got no major complain. I have accounts with 3 HLB branches and 2 Ex-EON and before I had Priority Status, just take ticket and wait for my turn loh.

As for PB centres, like I always mention in my blog, HLB, OCBC and UOB always got lots of customers and I find it faster to do my banking at the general hall and take Q ticket instead waiting for the PB tellers/cashiers. And what I notice is best to go to the bank after 3.30pm, less people.

But now when I go to HLB branches without PB centre, since now I got Priority status, I don't have to get Q ticket and just go straight to the Priority Counter

This post has been edited by Gen-X: Aug 2 2012, 11:06 PM

Bro, read lah first post. It was reported 2 days ago. Offer via online only.

1 single cheque will do. When I went for the combo, I split my single cheque to 3 accounts i.e. FD and Smart Saver for Combo and balance into my current account.

This post has been edited by Gen-X: Aug 3 2012, 10:52 PM

RM1M no issue and even up to RM2M should not be a problem. Why don't you call OCBC CS and ask? And then report here

This post has been edited by Gen-X: Aug 4 2012, 01:55 PM

Here's a photo of Maybank Islamic FD-i promotion I just posted at my Fixed Deposit Page. Sorry for the low quality photo as I used my cheap Samsung Duos mobile phone to take it and did not check the quality as I was in a hurry. Downloaded it to my PC and then only realized it's "useless" Anyway if you are at Maybank Islamic branch, check it out.

For the 4.2% offer, it's a Step Up FD for 3 Months. OCBC Combo FD 4.5% 3 months way better.

rajivshm, my comments on Bank Rakyat's accounts at my FD PAGE has evolved into an article thanks to your previous postings where it gave me some ideas for my contents. Click below link to read it

Bank Rakyat Qiradh General Investment Account-i

Yah, added him to your group

and new member to FDMCGC - masbruno


In the previous page I posted a Maybank Islamic FD-i step up FD promo, it comes with insurance that covers Medical and Funeral Expenses too! Click here to MBB webpage on Maybank Islamic FD-i.

This post has been edited by Gen-X: Aug 10 2012, 03:15 PM

5 Free pack of Marlboro Lights

Here's a example of playing Musical Chair. Iif you see the previous offers (post #2), for 3 months FD we can get up to 4.5%- 5% pa. So assuming we can get interest rate of 4.5%, that's about 1.5% extra compared to Board Rates or extra RM375 with RM100K in 3 months time. 1 month of Free Marlboro Lights supply for me, hahaha.

Yah, Installment Plans is a trap to make people spend beyond their means.

Unit Trust - riskier so returns may be better

If just cover traveling cost, then shiok sendiri, hahaha

And also the Banker's Cheque Fee i.e. FREE or RM5.15. Make extra RM5 deduct RM5.15 Fee, Rugi RM0.15 for playing musical chair, haha

This post has been edited by Gen-X: Aug 11 2012, 06:57 PM

Actually, I was taught at a very young age to save all my Ang Pow money in FD. I would go to the bank myself and renew my FDs. When I graduated, I had RM6K in FD and with that I dived into the stock market. That's history. Now most of my children money is in FD, and with inflation and Ang Pow getting "bigger" over the years, by the time my children graduate, they have more than 10X what I had when I graduated.

Got lah.... little bit here and a bit there. Just sold some of my UT two weeks back to lock in profit.

So how much am I worth, haha. No lah, my passive income is not even a third of what I was earning when I was a salaryman. I quit my job because of my eyes and had to adjust my lifestyle; but, no way can be as frugal as dreamer. But I realized one thing from my interactions with many freaking rich people - no money one is miserable, got lots of money also got constant headaches. Nowadays, I have no stress and actually spent a lot less since I am at home most of the time. Only thing I miss is having a driver to sent my kids to school early in the morning.

Forex... no lah. I will just wait patiently till MBB drops to below RM4, haha.

Yah, now cannot take as much risk compared to when I started working more than 20 years back. Now got kids to feed and can't gamble away my funds for my children's education. So FD the safest place for this purpose I guess. If you read my blog, in ten years I should be broke for few years But after that can withdraw EPF money But if government increase withdrawal age to 60, habis saya (that's if I am still alive then).


I got no problems with Unifi or my Umobile RM28 package And Bro, thank you for visiting my blog

Bro, don't trust what you read online

Bro, I checked yesterday I had no problems.

Bro, time passes by in a blink of an eye and soon you'll be an unker too and we unkers then would be datuks, hahaha

Bro, thanks for the update. Not often MBB offers interest rates higher than Affin's rates. Moreover, since it is offered to companies where most FD Promos are not applicable, it is not surprising if the targeted amount is reached before the 24th Aug. Then again, like I always mentioned, OCBC and UOB Commercial Banking do offer very competitive interest rates and makes no diff if MBB Promo ends today or tomorrow.

But for individuals 12 months FD, still got Affin 3.6% (Board Rate), HBL Senior FD 3.6% (Interest credited monthly), HLB Junior FD 3.65% (Interest credited Monthly) and UOB 3.65%. And if got KFH nearby, can get 3.85%.

Maybank Promo vs above with difference of 0.05% to 0.1% (exclude KFH) really not much diff. If got RM1M, then there is a diff of RM1K Then again, if one really has RM1M, better go with OCBC 3 months 5% and 4.5% Promos and earn more from interest in 3 months time instead of waiting for 12 months with any of the 12 promos mentioned above/posted in post#1.

And some would say we wasting time with above 12 months promos since Bank Rakyat Qiradh General Investment Account-i is offering 4.01% for 12 months, hahaha

This post has been edited by Gen-X: Aug 12 2012, 09:10 AM

Bro, agree with you on the above.

Nowadays I find MBB and RHB nowadays are pretty fast since deposits and withdrawals can be done with machines. AmBank I don't know since I don't have account with them. Affin, sometimes can be kind of crowded at my branch but reasonable wait time.

And I agree with you the "slow ones" are SCB, HLB, UOB and OCBC because they have freaking lots of PB customers. Click here to read my article on UOB Privillege Banking & Retirement where mentioned I would go to PB Centres to get a cup of coffee and then do the general banking hall for my transactions, haha.

Going with OCBC Promos does take a lot of one's time because as you mentioned got lot of forms to sign; and, longer wait if Promo need us to open new account. But, understandable lah, SG bank mah, so Kiasu, hahaha. Once I thought it'll be faster to just go to the teller for a straight forward FD Promo at the general banking hall and when it was my turn, I was told by the teller I need to fill in form prepared by a Personal Banker as she can't just accept my cheque So I asked her how come cashier at PB centre can accept deposit (sometimes, I go straight to the PB cashier and bypass the RMs), she told me the PB cashier by right cannot fill the deposit forms but because maybe RM busy, no choice.

As for SCB PB, I also find they have lots of customers and have to wait like UOB.

HLB, as gsc has mentioned, the wait is long. I only have been to my HLB Centre twice. 1st time to request for Priority status because needed to get an ATM card to sign up for online account to activate my daughter's Junior Debit Card for online transactions. Technically I don't qualify for HLB PB because most of my funds with them are in Junior FD, but HLB have always entertained my request, unlike others, I am one happy HLB customer. Second time there, saw so many people waiting for the PB cashier so went to the general banking hall instead. Now with HLB PB card/status, I can go to any HLB Branch and be served almost immediately at the Priority Counter:)

Same as for my Alliance PB, if the cashier is with a customer, I'll be served faster going to the general banking hall.

But none of my RM disturb me with other investment schemes because from the very start I told them I am only interested in no frills FD promos.

And the worst of all is Citibank if you are new with them, can take about an hour or more to open a new account.

KFH branch location kind of inconvenient for me and as such not interested to even check them out.

Yah, playing musical chair one must have the luxury to waste time during working hours and it's not for everybody.

OT.
Bro, I just "declared" my net-worth and my source of income to the online community in my new post which has no value whatsoever - About Me & Definition of Words Used. But then again, all my articles are just me going blah blah blah only, hahaha.