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Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.
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matow
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 Sep 14 2012, 08:01 PM
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Getting Started
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Thank you for the fd rates information.
After reading all of the fd rates, I've decided to open fd at Kuwait Finance House at 3.85%. Was told that the up front interest will be credited to my savings account in about a weeks time. Another surprise is that if the amount in the savings is above RM1,000, their saving rate would be at 2% which is quite a good rate for savings. The savings account comes with Internet banking and meps card.
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matow
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Jan 16 2013, 11:13 AM
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Getting Started
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QUOTE(tbheng @ Jan 4 2013, 05:05 PM) Wow, the upfront interest is really tempting.  And it is PIDM protected too! If you put the upfront interest as new FD, it will push the 3.85% to near 4% (3.998%)!! But...Boh ho ho...  just called KFH and their 3.85% promo has just ended. No new promo yet. The board rate for 12-month is only 3.25%. So sad... My GIA-i at ocbc is maturing in Jan... hope there are more 12-mth promo coming up soon. Too tired to run after 3-mth musical chairs... Hi, just to update, I called KFH two days ago asking for new FD rates, the CS told me their new offer now is 3.88% from Jan to March 2013. |
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matow
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Jan 16 2013, 12:01 PM
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Getting Started
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QUOTE(magika @ Jan 16 2013, 11:22 AM) If the interest can be redeposited at 3.88%pa, effective return will be 4.03%. KFH pays upfront interest, however, the interest goes to a savings account, and if the savings account is maintained above RM2,000.00, the saving interest is 2.00% per annum. This post has been edited by matow: Jan 16 2013, 12:02 PM |
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