Yes, can get a better rate if the tenure is longer.
For example: place for 5 years or 61 months..

The rate for 5 years FD in Bank Rakyat is negotiable, depending on the Ringgit amount.
But the rate for 5 years in MBSB is straightly non-negotiable, regardless of the Ringgit amount.

But I think this depends on the branch (Bank Rakyat) how do they "fight" for the best rate for us..

Can request Bank Rakyat to deposit monthly interest into your Bank Rakyat saving account, if you can meet the
minimum FD deposit (I guess is RM 10K or RM 20K? I am not sure).

For 5 years FD in MBSB, MBSB will pay interest (issue check) every 6 months, so will receive 10 checks
in 5 years time.



This post has been edited by BoomChaCha: May 9 2013, 04:41 PM

Yes, 5 years is 4.5% based on their website. But it is too long period of time and rates could rise higher than that. So I only placed FD for 12 months in BR.

In that case, either the branch that I visited had some glitches on that particular day or it is really hopeless


I will try to experiment with the tenure and % when my war chest is ready by the end of this month (hopefully... )

Can get 4.6% if place for minimum 61 months tenure in Bank Rakyat.

I had the same thought just like yours few years back. But 5 years time is passing so fast,
the profit different in between 4% (for example) and 4.6% is significant in these 5 years time.

Whether the interest rise or drop in these 5 years, it is a gamble. It depends whether if we want to
enter this "casino."

Is the FD higher for this offer or is it just for the user's preference to have a SDB?

Yes, only time can tell .....................................

Bro RO, you can consider to put in Affin saving account for 2.8%. Can withdraw anytime since it is a saving account.
But issue a check from Affin saving account will cost you RM 5.00

This 2.8% promo for Affin saving account will end on 30 June 2013.



This post has been edited by BoomChaCha: May 9 2013, 05:19 PM

This SDB promo offers you a 4% p.a. FD of 3 months. Maximum placement is RM20K nia. Only in Puchong branch.
The SDB security is pretty save and sound. The new branch is a stand alone building all by itself, strong room at upper floor, dedicated lift, dedicated guard outside strong room (forgot to ask if the dedicated guard jaga 24/7 or not.)
No worry about wall-boring thief.

OCBC Bank Malaysia
OCBC Puchong Branch is having a celebration tomorrow (10 May 2013) & we’d like to invite YOU!

As part of the celebration, you’ll get to enjoy 4.00% p.a. on 3-month FD (with a min. placement of RM5,000) when you sign up for a Safe Deposit Box at our Puchong Branch.

Psst… also, be back tomorrow morning at 9am for a tip on how to win a MYSTERY GIFT during the event!

https://www.facebook.com/OCBC.Malaysia/posts/570381186318195

This post has been edited by WhitE LighteR: May 9 2013, 07:33 PM

Follwing is Citi bank comments on interest rate...seems that the interest rate would maintain except for those promotion carred out by bank..

We maintain our expectation for the OPR to remain at 3% in 2013 with 50bps hikes
in 1H14 but conditional upon inflation approaching 3% within 2014......

Am interested on this. Is this online FD? Can't seem to find the option in the website.

Thanks for the info =)

It's called M2U Savers / M2U Savers-i account.
It's an online Savings account to be access via Maybank2U

I'm with BoomChaCha on this matter. I think if we can nego for a 4.7-4.8%p.a. (long tenure) or even 4.9-5%p.a., it's quite reasonable to say that the earlier compounded return can offset any rise of the interest rate in the future. My personal opinion: IR won't rise to 5% in 5 years time and it's a gamble that I'm willing to take.

which bank is the best plain FD rate for 6 months (without CASA or anything else)

This post has been edited by culain99: May 10 2013, 08:59 AM

might as well put in 1 month e-FD (3% pa) and withdraw if necessary

Was there yesterday. This promotion is just open for premier banking. Kinda misleading

Yeah, I saw this too the other day and wanted to post it up, but after looking at the complications, I feel it's really not worth the time and effort.

what are the complications and the unworthiness actually?

Effective rate only 3.475% for 8 months. CIMB FD rate is always not among the leaders that offers promotional high interest rate

Ocbc joint account FD 3.55% for 3 months, 3.7% for 12 months, 0.05% slightly higher than that of UOB

This post has been edited by gsc: May 10 2013, 10:01 PM