For commercial banks, I don't think so. Even 10M also not possible. BLR already 6.6%

No need 1 M, you can get that rate or better if you put in retail bank bonds usually long term 5-15 years, aka Medium Term Notes. 1/4M+ enuff. But must catch it fast when it comes.

Hi.. care to explain more..? Guarantee return or non guarantee? any bank are offering similar product at this moment?

Thanks..

Even with 1 billion, bank may not possible give more than 4 or 4.x% with BLR at 6.6%.

As bank nowadays got offer mortgages loan around BLR - 2%. means around bank earns about 4.x% interest, how can bank give more interest more than they lend out? Impossible.
Somemore, banks have overheard cost on top on it.

That's why even with the promotion offer, FD rate hardly go more than 4%, unless for attracting new customer, or short period of tenure one.

Those are bond, not FD, different.
Bond in nature generally are not guaranteed, subjected to default risk.

any good FD after October? The HL one seem very low others end after October.

MACH by HL bank 3.55% for 3 month, Gurney paragon, Penang. Offer end 31 oct

That's good news from mach HL. It show sign the bank need more depositary. Its been quiet since their 4% fd rate. Looking forward. Still holding strong and wait

Thank you Even better shorter term, hehe

The promotion is given because of the new Mach in Penang. Similar promotion was given when Mach first started in Kl

klang bukit tinggi JJ got, opening last Sept. But no promotion.

HLB offer 3.55% but 6% in casa. Perak teluk intan

This post has been edited by xcxa23: Oct 15 2013, 08:02 PM

Now it make sense to me why FD is not a way to accumulate wealth....10Q

Is there a maximum amount for this?

Wanted to put into Ambank for 3.55% but just realise yesterday last day. -.-

Standard Chartered FD promo ending 25th October.
3.5% for 6 months, fresh funds min 5k.

It is even better than the 3.3% offered to those whose step-up FD matured recently..

I do not know the maximum, you need to call Affin Bank to find out:
03-5522 3000

Another Affin 12 months 5% FD promo bundled with AXA Life Smart Income Saver:
http://www.affinbank.com.my/news/2013-abb-fdd-sis.htm

For more details, visit any of AFFINBANK branches nationwide or call at 03-2055 9733 or 03-2055 9971

Confirmed no maximum. Just got back from Affin Bank newly open Kota Kemuning branch. Placed for 7 months for 3.88% and 20% into SA for 2.85%.

Had to open SA, deposited RM100 cash (or I think RM20 minimum if passbook) and had to apply for their debit card for the SA. Got free umbrella and pen. Very friendly staffs there. Parking easy, and hardly any customers in the bank so not much waiting time.

But you have to maintain at least RM 100K in your saving account for 7 months, otherwise
your saving account interest rate will drop below 2.85%.

You will receive saving account interest on the month end.

Affin saving account interest rates:
http://www.affinbank.com.my/rates/ratescon.htm

If I am not mistaken, few months ago, Affin debit card was not charged for annual fee for 5 years.

This post has been edited by BoomChaCha: Oct 17 2013, 08:58 PM

Yup yup. I calculate 3.7083333% effective rate.

I see. So SA interest will be credited month end, while FD interest will be credited upon maturity. That means can use the SA interest when credited.

Yup, the girl told me that the debit card has no hidden fees or charges whatsoever, I can choose to use it or just keep it aside for 5 years. Or cancel it if I want to. But it's their procedure to apply for debit card when open SA.