7.3% is straight forward. Among all the foreign currency only Aus$ is worth look into. For example , US$ FD is 0% interest for 1 month FD.
Yes, the same things applies to SGD but the rate is low.
Just like normal RM account, you open foreign currency FD account which you can deposit your FD.
I am monitoring the excahnge rate ....
I am only interested in short term FD thus not looking at Kuwait FH ...

There is no free lunch in the world...

If your location is close to Kuwait Finance House, why not?

Kuwait Finance House pays advance interest, but you have to go to Kuwait Finance House for
at least 2 times:

(1) place FD
(2) pick-up FD cert or collect advance interest

This post has been edited by BoomChaCha: May 9 2013, 12:59 AM

Yeah, I think ronnie did mention that too. I think KFH has relocated and now their bank is much further away =[
2 times...is it within the same day? And satu last question...advance interest, meaning, they straight away bank into your savings account and after, say, 6 months, you go back there to withdraw your FD?

Actually, like gsc, I also prefer 3 months...but 6 months is still bearable if % is decent and straightforward enough.

If today is your birthday and the 1 month FD is 2.3%, you will get 2.3% + 8% = 10.3%. My guess is the bank may allow you to enjoy that 8% within certain window time. I didnt ask in detail because not my birthday and the exchange rate may not be that favourable compare to now......8% only applied to premier customer.

Sorry I didnt ask minimum, promotion is given for 1 month FD only..
Disadvantage is possible currency exchange lost. Public bank Aus$ for 6 months FD is 3.3% which is slightly better than normal RM FD rate. I opened Aus$ FD account when the exchange rate was favourable.

Advantage now is favourable exchange rate and additional 5%. The rate is guarantee.

A few years back Citi bank has promotion too and FD rate for NZD was 9%. Those of you who are interested please check with the bank for detail and confirmtion.

This post has been edited by gsc: May 9 2013, 01:07 AM

First visit:
place the FD

Second visit:
If I am not mistaken, Kuwait Finance House will only issue FD cert upon the check is cleared.
So, you have to collect the FD cert from KFH in 2 or 3 days later.

Third visit:
Collect the advance interest from saving account within 1 or 2 weeks from KFH. Unless if you do not
want to collect the advance interest but to keep it in your saving account instead.

KFH will pay advance interest to your saving account not later than 2 weeks.

I heard you can request KFH to send people to your office or house to collect your check for placing FD.

So did you place your foreign currency FD with OCBC?
If you dare to place it, then I might do the same

Is this OCBC foreign currency FD for one month tenure only?

Thanks for the info!

No problem.

You have to have a Kuwait Finance House saving account so that KFH can deposit the advance
interest into your saving account.

If you are in Penang, KFH Penang will provide free parking.

I prefer a longer term of FD (like 6 months and above) so I do not need to spend time to renew FD
and monitor new FD rates... it is very tiring..

I have Aus$ and NZ$ FD with Citi and Public bank. I went in when exchange rate is favorable just like now. A word of caution, the exchange rate may be worst after one month, but I doubt it will drop by 7.3%.

http://www.ocbc.com.my/business-banking/Fo...ange-rates.html

Example, The exchange rate is 3.076, to drop by 7.3 % means, the exchange rate has to drop to 2.86 which is unlikely.
Sorry to take up FD space, please PM .....I am not working nor advertising for Ocbc, just sharing...

Thanks for sharing.

I think you have the talent in investment. But I do not have this kind of intelligence and knowledge.

I do not have time to study the OCBC foreign currency FD now.

Maybe I just place OCBC 3.55% for 3 months first...

Thanks again

This is the thread for FD...didn't say for local currency only, right? Or did it? I like when information's just shared out for everyone. More perspectives gained, good for all.

So if the exchange rate goes up, it means you're getting more out of your interest earned, is that right?

I concur. My brain seems slower in these kind of things =(

This post has been edited by pinksapphire: May 9 2013, 01:56 AM

Thanks for your feedbacks. I'll try to apply your technique next time I pay BR a visit...wah, feels like demand a ransom from them

Deleted, wrong button clicked.

This post has been edited by bbgoat: May 9 2013, 10:57 AM

4.01% to 4.06% branch manager can approve. To 4.11% need district manager approval, to 4.2% need HQ approval. I was told this by Penang BR.

It has been over period of time, you can bargain with the total amount you have in BR (even joint account included).

The ABM claimed that for 4.11%, you need >500k. But I guess you need to negotiate with them. Call/talk to them and negotiate while the money is still with you ....................

The FD/SDBox promo is for premier customers only.

In BR, right ?

Not bad. Next time try for the 4.2%. Some of us got 4.2% (me included).

Last time when I requested for 4.11% p.a., I was told it needed HQ approval...which took approximately 1 week to approve



1. The red part, do you mean that we can bargain for more % if our tenure of placement is longer?

2. The orange part, I manage to get 4.11% for a waaaaay lesser amount than $500k wor...

Twice for me the HQ approval is within 1 day for the 12 months 4.2% (the same day that I asked).

"It has been over period of time"
The above means I increased my deposits in BR over few months. I read comments in this forum especially Magika's experience. All my discussions are for 12 months placement.

The 4.11% of >500k is what the ABM told me. But you can negotiate with them for amount <500k to get 4.11%, I mentioned that before.

This post has been edited by bbgoat: May 9 2013, 04:31 PM