Happy New Year 2014 guys!Thank You Sir, for the vote of confidence
Yes can, and it applies to most Senior FD and Savings Account offered by banks.
If your parent don't need the monthly interest payout and just like to see his/her money grow and grow, go with Affin Bank and get 3.6% board rate. Auto renewed at the highest board rate offered by any commercial bank currently and for the past few years.
To ALL:
Now, for those like me who are in our prime still feeling young as 18 and hate people calling us uncles, check out Alliance Bank FD Gold. It pays 3.25% for 12 months tenure and interest credited monthly into our Hybrid Account to go use with our
Alliance Debit Cards and earn up to 2% cash back. To qualify for the FD Gold, minimum deposit RM30K (per cert, you can have as many certs as you want) and age as young as 40
Those of you thinking you'll be getting 4% or above interest rates from OCBC and HLB FD Promos for 12 months or less tenures, better you go read my comments at my FD Page which I just updated.
It is kind of hard to find a FD Promo offering above 4% effective interest rate nowadays. Even Bank Raykat's Profit Rate has reduced to less than 4% for 12 months tenure.
And if you are thinking of going with Affin Bank 4.18% 36 months FD Promo, better you hurry to AmBank and go with their 4.12% FD Promo for the same tenure.
Click here to my Fixed Deposit Page for latest updates and comments.