MGM, thanks for the update. I still havent got my RM300 cashback and not sure I should withdraw or keep the $$$ there. Sigh! 

Nobody entertain u. RM all either talking on the phone or looking at computer, even you stand nobody cares. Have to approach them only can.
Very indifferent, dont care attitude and its not first time I went.. Maybe busy lah..

Hi,

Just wondering, I plan to do FD with HSBC, since I have account with them, its easier to transfer to FD etc.
I been searching for it from the Websites, it seems like @ HSBC, they called it Time Savings?

I also saw Foreign Currency Time Savings? But I am not sure how it works.
Anyone know how it works?
Thanks for any advice.

Aus$ fd provides highest interest rate among all foreign currency offered by banks in malaysia. Rate even higher than local fd. The exchange rate is quite stable.

And the moment we convert to AUD for Foreign Currency Deposit, we are already losing money because of the bank's exchange rate.

Between May and July 2012, AUD strengthen close to 9%, and compared to the high in July, it's down about 4% today. And if you read the news, many analyst expect AUD to drop further. Now, it makes me think twice if I should go for AUD Time Deposit with our local banks (my daughter going to Australia next year for undergraduate course). Maybe if it goes below 3.1 to RM, would then go deposit some.

*Edited*
I just came across Maybank Master Foreign Currency Account Campaign for AUD/NZD/GBP/EUR where it pays 4.85% for AUD 6 Months. The Promo started back in July and ends on 10 September 2012.

Nearly forgot about this 11% FD thing at MB. Saw that one a few weeks ago. Golden retirement related.

0% for the first 5 yrs and 11 % from 6th to 15th years. Interest is yearly after the 5th year at 11% of original principal. Check the web for more infor.

My quick analysis says this package (yearly interest is reinvested separately) is about the same as 5% FD at the end of 15 years.

Wanted to show the comparison chart here but don't know to add the graph.

Food for thought.

Why close?

Anyone "lucky" fellow here want to share if he/she managed to get FD interest >10% (please state rate) and locked in long term?

Sorry I am confused here. For the step-up promo, existing customers with e$aver still need to open Justone ac?

Aren't Bond matures with capital value + small earning ?

It's called the OSK-UOB Focus Bond Fund - Enhanced

1. You get Annual Income Distribution : 3.5% to 4.0% p.a from Bond portfolio + average 2.5% from Yield Enhancement Strategy
2. Capital Reservation at the end of the 3-year
3. Potential Higher Returns than 3-Year FD Rate
4. Non-Taxable on Income Distribution

FD promo extended to 1-Oct to 5-OCt.

I save RM10000 in pbb FD for 3motnhs.
It matures until this month and I received letter from Maybank yesterday.
The letter said that tell me to brind the letter to bank for withdrawal!

Is not FD automatically renew???????

Bro, after reading the T&C again, I think can really get 5% (not taking into consideration when the dividend will only be paid).

Ignore the tier thingy - I was also confused but if you look at the bottom, it clearly states that for RM50K above, the rate is 3% + 2%.

T&C:

Only incremental average daily balance of PMA-i for the entire 12 months campaign i.e. January 2012 up to December 2012 against the base outstanding balance as at 31 December 2011 shall be entitled to the special dividend.

Special dividend will be based on minimum incremental average balance of RM1,000 per account and maximum incremental average daily balance of RM 2.0 million per account.

Special dividend under the Campaign is payable within 14 calendar days after the end of the Campaign (i.e. 14 Jan 2013)

Must go MBB tomorrow to go check it out.

i have an FD account at BR.

Try do a research on PIDM.
It's a government agency established under Akta also.
which means that: if BR collapse = gov collapse = PIDM collapse also.
In other word, if BR collapse = PIDM collapse also.
So although BR not insured by PIDM, it is still as safe as insured by PIDM as BR is back by gov.
And also please see clearly the wording PIDM used, they mentioned that the protection is only covered for the "unlikely event" of member banks failure.

So how to define "unlikely event"?
It's really depend on PIDM.
Don't expect that if your money gone into the drain, PIDM guaranteed & confirmed will pay u back.

Bro, split yours to RM1K, when go to the bank to renew, you have a stack of FD certs and people would be going WOW! That guy is freaking rich. hahaha. I have seen many time old grandpas and grandmas holding a stack of FD certs at banks.

it is not FD rate. Example if you have RM300k loan, and if BLR is 6.6% and bank offer -2.4%, so the interest bank charge is 4.2%. But if you money say RM20k to dump into that current account, bank will give you back 4.2% for that RM20k. So, it is indirectly 4.2% p.a. Am i right? 

So wouldn't it be better to just buy dividend stocks that pay as good a dividend as REITs?

This is typical tricks used by most banks, two parts -
Guaranteed return part will sure less than FD or same as FD rate.
Better than FD part will be the projected non-guarantee return