It only works for the first RM10k, and it's messy with the CASA.

Lol...means 0.51% per month with 6months contract lol...

btw... do they accept banker cheque for opening fd account? or have to hand off cash only?

What do you think of this foreign currency FD promo from Am Bank?   

http://www.ambankgroup.com/en/Promotions/D...CurrencyFD.aspx

is that only applicable to BR?

My mom put in 100 K with maybank also 3.15 pa @@

How come all the deals are 12 month =(. Looking for a good 3 month deal which doesn't split to a Savings account (not enough money for that).

I see...
Thanks...
After 3 months need to find others promotions....

Hi, gsc. Are you still in the 4.5% promo? I think you mentioned before they no longer allow you to open extra SS account, but I can't recall if you went ahead with it by join account or went for other banks' promo.

You mean they will let you re-open (as in sign up again for the promo) with a new single SS account after you closed it earlier?

need some help on calculating here.. say total i have 17k to play with, and
- I have 10k to put into FD.. i get 4.5 per annum.. which gives me about 37.5 per month x 3 = 112.5.
- I put in the balance 5k in SS(no interest?-its still a deposit right) so i assume 2.9% pa which gives me about 12.08 interest for that month..
- I put 1k each for the balance 2 month in SS at 2.9% which gives me 9.66 for 2 months.. total from SS for 3months = 12.08+9.66=21.74
so total 17k for three months i get 112.5+21.74=134.24 ~ 536.96 p/a which gives me 3.15% ..

for those who got lost, im sorry.. those who can see this.. is this right ?... haha..

Does anyone know of any long term FD that pays its interest out monthly? I'm trying not to go for monthly FD because the rates are lower.
It's not really for me, but for my parents. Thanks.

1st of Aug...hopefully we can see more new promos.

Bro Jebat,

Now we are in the casino, if the average interest rate is below 4.6% in the next 4 years, then we win;
and if the average interest rate is higher than 4.6% in the next 4 years, then we lose.

Yes, AmBank has this, my aunty has been using it for few years already. If not mistaken, it's for those age 50 and above. Interest is credited into their account monthly.
The account type itself is call Am50plus. When you place FD, just give them that account number and they will know how to credit the interest in every month.
http://www.ambankgroup.com/en/Personal/Dep...s/Am50Plus.aspx

any new promo ??? For all banks

Yeah, I was thinking if opening a savings account is considered as existing customer, then can use that shortcut to place that 12-months FD, hehe...but I doubt they're that easy with this condition la.

Good morning...  

Not really....
New customer
3.88% for 12 months, 10% of FD in CASA for four months

if put 10% in CASA (assuming if CASA is zero interest), 3.88% x .9 = 3.49 effective rate

--------------------------------------------

Existing customer
3.78% for 12 month pure FD

This is okay...

Last Tuesday, Fitch downgraded Malaysia credit rating outlook from stable to negative sending stock market and ringgit tumbling down. Ringgit was history low against S$ and renminbi.

I wouldn't want to go long on FD at this very moment unless G implement measures to control the country debt and spending.

Just my personal opinion.

Well, G have to but at the expense of Rakyat for their mismanagement of the country's finance. Good excuse to introduce Goods and Services Tax (GST).
Ringgit is now 3 years low against the greenback and you had made a wise decision to diversify into foreign currency FD earlier.
Government bond yields is at its high since mid 2011 and I don't see a point to lock-in current FD rate for longer tenure.

No wonder EPF throwing Malaysia's REITs like no body business weeks before prior to the Fitch announcement. (haha just guessing)

Amonth all the GLCs, KWSP is the most cash rich organization 

Seems like a decent deal for 12 months...hmm...anyone considering this?
I gotta look up more info on this in the meantime.