Click here to Original FD Rate Thread.
Click here to Fixed Deposit Rates in Malaysia V2 Thread
Click here to Fixed Deposit Rates in Malaysia V3 Thread

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 1st March 2013.
Bank - FD rates for 1 month, 3 months, 6 months and 12 months.

Affin Bank - 3.05%, 3.1%, 3.25% and 3.6%
Alliance Bank - 3%, 3%, 3.1% and 3.25%. FD Gold 12 months 3.3% (Interest paid monthly).
AmBank - 2.95%, 3%, 3.1% and 3.15. Am50Plus 12 mths 3.25% (Interest paid monthly, FREE PA).
Citibank - 2.8%, 2.9%, 2.9% and 3.05%
CIMB Bank - 3%, 3.05%, 3.1% and 3.15%
Hong Leong Bank - 2.9%, 2.95%, 2.95% and 3.1%
HSBC Bank - 2.75%, 3%, 3% and 3.15%
Maybank - 3%, 3.05%, 3.1% and 3.15%
OCBC Bank - 2.75%, 2.85%, 2.85% and 3.05%
RHB Bank - 3%, 3.05%, 3.1% and 3.2%.
Public Bank - 3%, 3.05%, 3.1% and 3.15%. PB Golden 50 Plus 12 months 3.25%.
Standard Chartered Bank - 2.75%, 2.9%, 2.9% and 3.05%
UOB Bank - 2.9%, 2.95%, 2.95% and 3.10%


Fixed / Time Deposit and Savings Account Promotions 2013.
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.

OCBC Bank FD Promo - Note: Promo Ends 10 September instead of 30th Septmeber
(Note: Special thanks to gsc for highlighting promotion date brought forward to 10/9/2013)



OCBC 3.7% 13 months Joint Account Promo

*

UOB Bank Latest Fixed Deposit Promotion Rates - Minimum RM10K.

*

Hong Leong Bank
Note: This promo suppose to end 31 October 2013 but can't seem to find it in HLB website.

3.3% for 3 Months but 5% equivalent to FD Amount to be earmarked 3 months in CASA.

MACH by Hong Leong Bank (Online Banking) - up to 3.4% for 12 months FD. Contributed by BoomChaCha



Special Promo for Gurney MACH contributed by gsc
Hong Leong Islamic Bank Promotion until 31 October 2013

6 Months - 3.3%
9 Months - 3.4%
12 Months - 3.5%


*

Kuwait Finance House -



And if you got children below age 18, you are eligible for their 3.98% "FD" Promo called Junior International Murabahah Deposit i. You will need to open a CASA account to deposit the "profit" (interest). Call them on what documents (e.g. birth cert) to bring before going to the branch. (Note: Special thanks to bbgoat for re-highlighting this promo during discussions)




Public Bank Super FD - Go read post#790 onwards or else you'll might regret once you deposit with this so call Super FD.



AMBANK 9 Months FD Promo - 3.55% - Ends 30 September 2013. Contributed by many regulars here.




Other Similar FD Accounts - Bank Rakyat Qiradh General Investment Account-i. For those who want "interest rates" that are higher than FD Promo interest rates offered by commercial banks.


To read my comments and see more FD promos click >>> Malaysia Latest Fixed Deposit Board and Promotion Interest Rates by Major Commercial and Foreign Banks.

To learn more on The Best and Highest Paying Savings Account in Malaysia for Adult, Kid, Parent and Grandpa click >> The Best Savings Accounts in Malaysia

Click here to read my article titled Australia Education, Term Deposit, Savings Account and Credit Card Interest Rates In this article I have tables of interest rates from several banks in Australia and also a Table for UOB, OCBC and RHB Foreign Currecny Time Deposit Interest Rates.

Click here to read my article Premier Priority Privilege Banking Accounts. This updated revised article now include comments for OCBC Premier and StanChart Priority Banking Account.

Banker's Cheque Fee purely for FD Upliftment/Withdrawal (Do not combine with other accounts, i.e. Savings Account)
Affin - FREE
Alliance - FREE
AmBank - RM2.15
Bank Rakyat - FREE
CIMB - FREE
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - RM5 same day or RM2 next day (no RM0.15 Stamp Duty??)
Maybank - RM5 or RM5.15?
MBSB - FREE
OCBC - FREE
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM0.15 (in Penang) or RM2.15 (in Klang Valley!!!???) Conflicting reports.

This post has been edited by Gen-X: Sep 4 2013, 12:38 PM

FDMCGC - Fixed Deposit Musical Chair Gamers Club



FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread



This post has been edited by Gen-X: Mar 30 2013, 06:08 PM

Thank for the update bro. For OCBC Combo plan, best to deposit early or end of the month in order to ensure that we earn the best possible effective interest rate. I have use the image you posted above in my blog(s) and should you disagree with it, please let me know and I shall remove it immediately.

As for RMs, well, they do have target to meet with other investment products and there are not there to serve us but employed to make more money for the banks, haha.

UOB new promo effective until 15 May 2013

3 Months - 3.45%
12 Months - 3.65%

As usual, minimum deposit for UOB is RM10K fresh funds.

And for those of you who are new to OCBC Combo Promo Plan where you need to deposit into a CASA like Smart Saver Account, click here to read my comments.

1st page for the 1st time

May I share, for ppl who prefers e-FD, AmBank has one of the best rates? 0.05% above board rates.

Welcome back Captain.




Please feel free to use any of my images in the future, it is my pleasure.

This post has been edited by BoomChaCha: Mar 3 2013, 09:14 PM

Kuwait Finance House in Pavillion does not give free parking for people who place FD there. This is different from KFH in Penang which offers free parking.

When I go to Pavillion, I have to pay at least RM 5.00 parking fee inside the Pavillion parking lot. This is quite costly unless the interest earned from FD is worth to cover few time of parking fees there.

Kuwait Finance House requires FD depositors to open a saving account, but it will take within 2 weeks for the advance interest to bank in into the saving account.

When I was in KFH Pavillion few weeks ago, their system was down.
Finally I did not place my FD there.

Thank you Sir for your permission


Wah, it takes two weeks before they bank in ar. Must go revise 1st post. Thanks for the info.

RM5 parking at Pavilion, that's kind of "cheap". Usually I have to pay more than that. Spend RMX amount there can get 1st hour free parking if not mistaken.

This post has been edited by Gen-X: Mar 3 2013, 10:21 PM

You are more than welcome. Captain.
Don't mention "permission" lah.. this is a very small matter mah..

This was what KFH Pavillion told me: KFH will bank in advance interest within 2 weeks.

KFH needs at least 2 working days to clear the check before they pay advance interest.


If place FD in KFH Pavillion, these are the parking fees involved:

(1) First day to place FD: RM 5.00
(2) To collect FD cert from KFH few days later (maybe 2 to 3 working days?): RM 5.00
(3) To collect advance interest within 2 weeks: RM 5.00
(4) To collect principle money when FD is matured: RM 5.00
Total: RM 20

Can save RM 5.00 if collect FD cert and advance interest on the same day.

I heard KFH can send somebody to depositor's house or office to collect check for placing FD.
But I am not sure if KFH can deliver FD cert or not?

any good terms with the Mach by hong leong of their 12 months 4% FD..
better rates than most of the bank, soemmore doesnt need to CASA
any advice?

So fast V4 d...good good =D

Still waiting for new FD offers, hopefully the rate will go higher =P

See Post #1, it's a promotional rate, after promotion is over, it'll go down to 3.25% which is fairly standard.

Am Bank eFD offers extra 0.2% p.a. on top of board rate for life:

http://www.ambankgroup.com/en/Promotions/D.../Pages/eFD.aspx

Where did you get 0.05%?

0.2% above board rate is current promotion due to expire, 0.05% has been there since e-FD offered by AmBank.

thanks all sifu sharing info here..

Went to OCBC during CNY for 3mth 4.5% FD but didn't open Smart Saver acc as I wasn't aware of the better interest rate. Wasted, lucky small amount only :'(

Ocbc staff should have advised you when opening up FD account

The OCBC 3.8 better or 4.5% better?

I plan to open one..

The 4.5% need minimun 7.5k?

When my mother uplifts her FD from RHB Malacca, she was only charge RM0.15 for a cheque.

UOB Raja Laut branch charges RM2.15 for cheques.

It seems that UOB has diff policy as Penang side they are only charging RM0.15 for 1 banker's cheque.

Noted. Lets see what others report here.

To ALL:

Someone told me that the HLB Term Deposit-i ending on 6th March 2013. So, you guys better go check it out tomorrow at the branch if you are interested in this promo.

I found out this when I was in UOB this afternoon:

If the FD account has one name only, if put the same name on the check when withdraw, then UOB charge RM 0.15 for the check.
If the FD account is joint-account with 2 names, if put the same 2 names on the check when withdraw, then UOB charge RM 0.15 for the check.

If the FD account is joint-account with 2 names, if put only one of the names on the check when withdraw, then UOB charge RM 2.15 for the check.

If put or add other person name(s) on the check, then UOB will charge RM 2.15 for the check.

So in conclusion, if the name(s) on the check is exactly the same on the FD account, then the check will cost RM 0.15; otherwise the check will cost
RM 2.15

I also found out UOB does not pay interest for the last day of FD.

For my case like example:
I placed my 3 months FD with UOB on 3 December 2012, maturity date printed on FD cert is 4 March 2013 (because 3 March was Sunday).

If calculates from 3 December 2012 to 4 March 4 2013, they are 92 days.
But UOB only paid 91 days interest.

I talked about this issue to the FD head of the UOB branch, she said because most people will come to withdraw FD during the maturity date, so UOB will not give interest for the last day of FD.

Then I asked OCBC about this issue, OCBC said they would pay interest for the last day of FD.

interesting... good to know, tq.

the natural next question is do banks, any bank pay interest on the day of making the fd?

or there is always a 1 day "no interest"?

OCBC 3.8% is actually 6 months tenure.
First 3 months you get 3.8% p.a. each month, for the next 4th, 5th and 6th month, you get 2.85% board rate each month.
Please find the effective rate on the first page.

Please check out page 5 for Bonus Savers Deal's promo rate 4.5% for 3 months (effective rate is 3.96%), it
requires minimum of RM 7500.00 (RM 5000.00 for FD, RM 2500.00 for Smart Savers or CASA, but it is always better to sign-up or
use Smart Savers account rather than CASA in terms of better interest rate return).

http://www.ocbc.com.my/assets/pdf/Accounts...5Jan2013_v4.pdf

You can see the Smart Savers interest table on the first page.
If you can top-up RM 1000 each month for subsequent two months, you will get 2.9% rate in your Smart Savers account.

I suggest to take Bonus Saver Deal, but it is depending on your personal financial planning..



This post has been edited by BoomChaCha: Mar 4 2013, 07:45 PM

These are the banks what I can think of:

Banks pay interest once the check is submitted during the first day of FD (must bank-in check before 4.00 pm):
(1) UOB
(2) OCBC
(3) CIMB
(4) Kuwait Finance House
(5) Am Bank

Not Major Commercial Bank (Koperasi)
(1) MBSB
(2) Bank Rakyat


Banks do not pay interest until the check is cleared:
(1) Standard & Chartered
(2) HSBC


So far I just found out only UOB does not pay interest for the last day of FD.

This post has been edited by BoomChaCha: Mar 5 2013, 12:02 AM

The FD head from the UOB branch also predicted the FD rate will be either drop or maintain in Malaysia market.

But I did not understand why she said: when election is approaching, better place FD in short term..?

Bro... No2 Are u sure need to collect few days later ?

Nice to see you again, Bro.

I have never placed FD with KFH, but if I am not mistaken, KFH does not give FD cert on the spot, do they?

Like Bank Rakyat, sometimes they can only prepare FD cert in about 4 days later.

I get my cert directly on the particular day on penang branch last time.. and about to place another time in this 3.88 round instead of placing OCBC.. Advanced interest is great.. and penang parking is free lar

Since you have a FD account from KFH, then you are right and I am wrong..

I love to have advance interest but I hate to go to KL downtown to place FD...

I feel like KFH's style is very similar to Bank Rakyat

Why the parking is free?

3 possibilities:
(1) KFH gives you free parking? Like put a stamp on the parking ticket so you can get free parking?
(2) You can find free parking there easily? Like park in the alley?
(3) KFH is inside the business building or shopping mall which provide free parking for first 1 or 2 hours? But this is impossible

no 1

Yeah kah? It seems KFH provides a better customer service in Penang..
No wonder Penang is selected to be the 8th best place to live in the world..

I already asked KFH Pavillion can they provide free parking in Pavillion, they said no, no, no, because KFH
will need to pay for the parking fee.

Another KFH on Jalan Pinang is also not easy to find parking unless pay parking fee for it. But I am not sure if
KFH on Jalan Pinang will offer free parking or not? It is a very traffic congested area..

Other KFH branches are very far from me...


How soon can you get your advance interest?

This post has been edited by BoomChaCha: Mar 4 2013, 09:56 PM

Got any news the mach HL 4% got extention date?

Ocbc practices the same things

HLB tomorrow will start promotion 3.75% FD pa for 12 months placement. The 3.8% Islamic FD might end tomorrow due to overwhelming response. New brochure are already at hlb branches

Guys, newbie here. Let's say if I wanna withdraw a huge sum of money from my saving account (i.e CIMB) to put into another bank's FD, how can I do so? Request a bank draft from CIMB? Or a cheque? How much will they charge for that?

Request CIMB to prepare a Banker's Cheque in your name to deposit into FD account. Some banks are charging RM2.15 or RM5.15, not sure about CIMB.

Why don't want mach HL 4%?

other than the 5 mach branch, any other location/way to open money box/mach account?

how about other states?

Do a banker cheque. Cimb charge me 2.15

CIMB did not charge me any fee for issuing a banker check when I withdrew my FD about 2 years ago

You also mentioned that it was 2 years ago.

From: http://www.cimbbank.com.my/index.php?tpt=&...8&tpl=gen_rates

Bankers' Cheque

Products/Items | Charge
1 Banker's Cheque RM2 and stamp duty of RM0.15

Ok. Thank you

I'd rather take the 3.75% 12months promo from hlb.. No need to go open sav account and think where to move the funds few months later.

The Mach FD extended to end April.
3.75% and 4% for big amount does contribute significant interest:)
Anyway, IMO that the concept of MACH operate in shopping mall and till 10pm is quite convenient for consumer.

THe saving for the interest debit into the account. Somehow, the money box saving got 1.8% interest.

agree.

3.75% for 12 months is good enough for most purposes incl convenience and hassle free.

pbb, cimb have nothing close to that rate!

Hi everyone,

is the 3.75% by hong leong bank started? where can i get the info online?

i am interested into high FD interest for about 12 month without any condition to fulfil (eg, need to keep some percent to saving, require saving account on the bank...etc).

thank you

This post has been edited by edwardccg: Mar 6 2013, 11:03 AM

I just did one placement this morning, no condition, 12-month 3.75%

Do we need a saving account to open this deposit if we choose to add the interest to principal?

For MACH - funny how they charged me RM1 for IBG transfer and later refunded before i even complaint (My account come with free IBG)

So far the Hong Leong Website didn't update anything about 3.75% interest, is it the normal Hong Leong FD, or Flexi FD or Earn Now FD?

Just to double confirm, No condition does it mean that we don't need saving account to open this FD?
My PBB FD is mature next week, consider to place the fund to the Hong Leong Bank

btw, after requesting a bankdraft from my PBB FD withdraw, can i use the banker cheque to open Hong Leong FD directly?
will they issue the FD cert immediately or will need to wait the cheque to clear before they give the FD cert?

Thank you for your reply

This post has been edited by edwardccg: Mar 6 2013, 12:15 PM

Hi, for Hong Leong Mach FD 4.0%, one must open it at MACH branch only? Hong Leong branch unable to?
HL Mach FD only works for minimum placement of RM10,000 for 1 year right? After 1 year it will revert back to the current FD rate if you continue the FD tenure.

Alternatively, Hong Leong Bank also offers Islamic FD at 3.8% where the promotion ends earlier (today) than the stipulated date, due to overwhelming response. Conventional FD from HL also having a promotion of 3.75% until somewhere next month right?

(Seems like Hong Leong is more prosperous, either that or they are desperate for money.)

Yes HL MACH branch only as you need to open a fixed deposit account under MACH.

Which account offers FREE IBG ?

CIMB call me and mention something about upgrade my saving to account to Premier or premium account . the the FD rate up to 5% .

no time to go CIMB bank yet . any confirm with this ?

Money Box Deposit Account - you get to choose either IBG (Free 5 transactions/month) OR sky high saving (name is sky high but 1.8% only)

for hlb, u need to open a savings a/c, min rm200comes with ATM/debit card, withdraw immediately after opening if u want.
the a/c is needed becos the monthly interest is credited there.
if u terminate fd early, they will deduct from principal if u have withdrawn the interest.

that's the usual case for hlb fd, should be the same for this 3.75% 12mths.

This post has been edited by AVFAN: Mar 6 2013, 02:10 PM

for major banks incl hlb, cimb, pbb, they will take bank draft or cheque, starting day is day u deposit.
the fd cert is given to you right there and then, ok maybe 15min wait.

fd 5%... bs la...
it's a "step-up", i.e. low int for 5 months, then 6th mth is high like 5%.
current offer they have is effective 3.42%, i'm pretty sure.

unlike hlb, uob or ocbc, cimb is not keen on fds.
their so-called promos are usually nowhere near their competitors.
they are focusing on other products like klibor driven frnid structured instruments which are not fd.

This post has been edited by AVFAN: Mar 6 2013, 02:28 PM

I was told today by the HLB staffs that the Islamic Bank FD doesn't provide FD Cert.. is this true?

Do you really have to pay RM1 each time you withdraw money using your Mach VISA debit card from Hong Leong Bank ATM ? The Fee Disclosure table seems to suggest so

Have not done that but was told i can bank in to my MACH acc at any Hong Leong Bank

But that will attract a RM1 fee too per over the counter transaction

Is there any hidden fee for MACH acct, such as annual fee etc? I'll probably get one just for FD and no intention to use it btw.

RM8 annual fee

ehh they told me can be done via machines

Haha the catch is here, unless there's no annual fee, don't think I'll get one since I don't plan to use it.

I think I'll probably go for HLISB, HLISB no annual fee right?

8/10000 is only 0.08% and MACH you can withdraw in multiple of 3k without affecting the remaining balance in your FD.

Well your choice

M2U and Pbebank serve me well, no intention to open so many accts and get charged annually, unless it's 100% no hidden fee whatsoever then I'll apply lol.

M2U and CIMB serve me well but they are not giving me 4% P.A.

I can open Mach and enjoy 4% rate, and when the FD matures I can simply close it to avoid being charged. But quite mafan to open and close just coz of this, prefer as simple as possible.

Yes. But over the counter will still attract a RM1 per visit! The most mind boggling thing is that they will charge you RM1 for each cash withdrawal at their own ATM

Most of the higher rate needs you to open / close or deal over the counter.

Mach FD promo has extended to 30 April. It seems they have not achieved their target (RM 100 Million) probably due to few branches.
https://www.machbyhongleongbank.com/promo/mach-fixed-deposit

I noticed this time their website does not mention about the FDs promo have to sign-up with MoneyBox?
Can somebody confirms this?

The selling points about Mach FD promo:
(1) 4% interest rate p.a. for 1 year tenure
(2) Can withdraw partial fund without forfeiting interest (but must not withdraw fund for at least 3 months)


I also noticed it has a careless typo error (6) on their website since last week:
https://www.machbyhongleongbank.com/product...ampaign-english

Campaign Mechanics
6. 6For any premature withdrawal of FD whether voluntarily or involuntarily, the Association of Banks in Malaysia (“ABM”) rules shall apply on the withdrawn amount.

This post has been edited by BoomChaCha: Mar 7 2013, 10:44 AM

I will definitely go for it if the 4% Mach doesn't need to sign up with Money Box
if not 2nd choice will be 3.75% HLB FD

HLB didnt update the 3.75% FD new promo in their website, however, it is mentioned here
http://48smart.blogspot.com/2013/03/hong-l...-promotion.html

As I know, all the while minimum is rm10k.
Try see clause 3 mentioned "linked to customer money box"

Not to forget SC bank which another competitive FD provider. Most recent has been offered 4% for 6months. I guess SC will have some news for 12months.

The 4% is not a standalone 4%, but a CASA (Just One) linked.
One needs to open/have Just One, and fulfill the month deposit requirement into the account.
Also only a single FD can be placed per eligible customer

I've applied for HLB Mach and already have a Money Box account. Let say if I have another RM10,000 banker's cheque and I want to apply for another FD again. I'm thinking whether I can do this

'Go to any HLB, deposit the banker's cheque into my Money Box account, wait after 4pm until the cheque clear, transfer the RM10,000 in the Money Box acc to create another FD online through HLBConnect'

Last time I went to Mach branch it took me 45 minutes for the whole process. Very slow. I think the above method is much faster.

IMO, yes you can. You may double confirm with MACH HL by phone. You can log in HLB connect at view the new FD placement and click it. You can see column payment mode which indicate" transfer from account" which indicate your money box saving no.

I think the method is ok if the HLBConnect provide eFD placement, i am not sure about this.

btw, 45 minute to clear the banker cheque for opening FD account in branch?

Does it mean that it will took the 45 minute to issue the FD cert, because i was thinking of opening the FD in HLB 3.75% rate promotion by deposit the banker cheque

PS: i dun have any saving account in HLB

This post has been edited by edwardccg: Mar 7 2013, 09:38 AM

Which branch you went to? Mine is Paradigm branch.

This MACH FD do not provide certificate. Everything monitor through online banking after successful transacted.

in this case, it is better to deposit to saving account and make FD placement online

basically how long will it take to clear the banker cheque if open the FD with the cheque in a branch?

This post has been edited by edwardccg: Mar 7 2013, 09:42 AM

The next day i checked online already show the FD amount successful listed statement.

I arrived at Paradigm Mall at about 12.15pm. After parking my car, I went straight to Mach branch and by the time I paid car park, my watch showed 1.05pm, so I estimated the whole process is 45 minutes.

There is no certificate hardcopy, it's eFD, when I checked online (HLBConnect) by 5:30pm, the banker's cheque is already clear the the amount is in the eFD.

This post has been edited by cactuscch: Mar 7 2013, 10:00 AM

i see, seems like i had misunderstand.

so normal banker cheque clearance is about after 4pm on the same day

-----
just one more question,

the normal HLB account can do FD placement, FD upliftment/withdrawl online?

This post has been edited by edwardccg: Mar 7 2013, 10:30 AM

I think Mach 4% FD imposes a RM 1 fee for each withdrawal to deter people from FREQUENT small withdrawals. Hmm, but then again it allows partial withdrawals (the irony?). I'm guessing the bank will channel most of the deposits towards its longer term investments. For retail people like us who want to just park our money somewhere where we get more than the average 3% FD rate, this is actually quite a good catch! (Provided that you don't need to make frequent withdrawals)

Two scenarios for you to compare against:Mach 4% FD VS. Maybank's 12-mths Conventional FD
Mach 4% FD
Assumptions: No withdrawals made throughout the year

Capital amount = RM 10000
Money Box Annual Fee = RM 8
At the end of 1 year, at a 4% rate, you'd get an interest of RM 400
Effective interest, % = (RM 400- RM 8) / RM 10 000 = 3.92 % vs 3.19% (Maybank 12-mths Conventional FD) Link to Maybank FD Rate

Even if you close your Money Box account after a year, and factoring that in:
Account closing = RM 20
Effective interest, % = (RM 400 - RM 8 - RM 20) / RM 10 000 = 3.72% (Still pretty decent I would say, no tacky or cumbersome CASA bundling, HLB is also a member institution of PIDM)

How's the service at Mach HLB though? Anyone? Thinking of dropping by the Mid Valley branch