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Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.
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kslee79
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 Oct 5 2012, 09:55 AM
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QUOTE(idoblu @ Oct 4 2012, 11:29 AM) I understand that PIDM is up to 250k limit per person per institution. I read somewhere that if say joint account, each person in the joint account is covered for 250k. Does that mean if I joint account with another the coverage will be 500k? Thanks Yeah, this is what I heard too, so I went to PIDM website and have a look myself. Seems like under the same bank, even when you have a joint account, each individual in that joint account will be accorded another 250K MYR protection each. |
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kslee79
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Oct 5 2012, 01:34 PM
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QUOTE(idoblu @ Oct 5 2012, 04:19 AM) so if joint does that mean covered RM500k total? Yes, and if person X has a partnership company account, that is also SEPARATE 250K protection. |
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kslee79
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Oct 5 2012, 09:25 PM
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QUOTE(plumberly @ Oct 5 2012, 12:52 PM) Is FD dividend taxable ? Less than RM100k, no tax ? Or no tax for any amount ? Thanks. I think interest-bearing accounts in Malaysia such as FD, the paid-interest is already after-tax. Anybody can confirm this? |
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kslee79
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Oct 6 2012, 10:15 AM
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QUOTE(Gen-X @ Oct 5 2012, 05:01 PM) Interest earned from Savings, Current and Fixed Deposit is 100% tax free for any amount for individuals. However, for companies it is taxable under income tax. Thanks for the information. Learned something new today. |
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