Hi all sifu,

Would like to know whether FD rates are on uptrend as there are more ads in the newspaper...

Its depend on bank.

If they need fund, they will offer attractive rate.

Please share what are the "more ads" which are not covered by this forum

There is no uptrend on FD rates at the moment.
As we see 1 year FD rate is just slight above short term rate, suggested bank do not see rate to move up in near term.

As little expect BNM to raise interest rate in the near future, due to weak external economy, as well as slower GDP number recently.

Am Bank offers pair Fd. Customer needs to open one FD for 9 months and another FD for 36 or 48 or 60 months

AmBank – Deposit with 3.8% p.a (9 months) + 3.75% p.a (36 months) / 3.90% p.a (48 months) / 4.1% p.a (60 months)
(ends 31st July 2013)

^ My dad has alot of FD with Ambank and he refuses to transfer to other banks despite its low FD rates. I will inform him about this long term FD promo.

hey very attractive

Let me rephrase... there are more ads in newspaper nowadays as compare to few months back

Was trying to understand whether the aggressive marketing is an antempt to hedge for potential increase in blr or to replenish cash deficit due to outflow of hotmoney from msia...

This post has been edited by DareDevil: Jul 11 2013, 10:50 PM

Am bank provides free insurance matching to the FD amount you have, A dollar insurance to a dollar of FD, up to RM25k maximum on insurance. Last year when I checked was RM25k.

There is an age limit on insurance coverage which I think is 65 years old. Please check with the bank. My mum placed there because of higher interest (last time for senior citizen and the bank open on certain Sunday).
If the parents ages are over the insurance limit, you can open joint FD account and the insurance coverage is "transfered" to the joint account holder.

anyone here place FD in bank rakyat before? care to give your comments?

Many have placed fd in BR and commented their experiences. If you are new to forum, you can use the search topic button below with key word bank rakyat or BR to bring up their posts.

will do that ..thanks!

Anyone know if UOB FD require opening of their saving accounts?

No

That's pretty attractive. I'll inform my aunt about it as she has some funds available in Ambank to be put into FD. Do you know what's the minimum and maximum amount that can be deposited?

Nope. You can open a FD account without having a S/A.

Min 20K for individuals according to the website . http://www.ambankgroup.com/en/Promotions/D...ePromotion.aspx

hi guys, i have a FD account with Maybank which is expiring soon.
I would like to extend for another month, will they just give me some regular board rate, or they can extend with current rate that im enjoying?

Any idea?

TQ

Regular board rate after the FD tenure.

just checked hlb.

for now, only islamic... 3.5% for 12 months. conventianal lower.

well, there is always uob 3.65% for 12 months, no frills....