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 Fixed Deposit Rates in Malaysia V4, Please read 1st post.

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munkeyflo
post Jul 31 2013, 12:51 PM

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QUOTE(Ancient-XinG- @ Jul 31 2013, 08:21 AM)
want to tell all here.

those like PBB Super FD and other those promotion are basically bullshit, when you calculated correctly, its real that the interest not that high.

Eg, 12++ % for 1st month and following. In the end, will more likely higher than normal FD [ABIT]

What we earn is only more than normal FD abit, wheres the particular bank take in our money. This is the consequences.....

What really earn is UT.
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That's common.
Promo interest rates usually will average out around 3.6-3.8% or so. Board rate is around 3.15% so yea, many people often get tricked by marketing and advertising tricks. Not only for banking and FDs but for almost everything that can be bought out there. biggrin.gif
munkeyflo
post Aug 2 2013, 01:07 PM

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QUOTE(pinksapphire @ Aug 1 2013, 08:01 PM)
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.
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QUOTE(gsc @ Aug 2 2013, 12:37 AM)
You can try Am Bank, they have FD for senior citizen. Need to open saving account so that interest will be credited monthly. It is called Am 50 plus...please check with them..
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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
munkeyflo
post Aug 2 2013, 06:50 PM

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QUOTE(RO Player @ Aug 2 2013, 02:15 PM)
monthly...deposit...but early 3 months..penalty RM 30...if not mistaken...

pls read MBB M2U T&C
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Ehh, there's a penalty?
As far as I experience, if we withdraw prematurely, we just don't get the interest only. Unless diff type of FD then diff terms.

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