What so surprise about 0-0.25% interest rate?
It is already like that since 3-4 years ago for those developed countries since 2008 financial crisis.

The highest FD rate one can get in developed countries right now is AUD and NZD, both at 2.5%.

Want higher rate?
Go for Indonesion Rupiah and India Rupee, around 7.xx+% 

That's why I do not understand why so many people even including so called market analyst predicting the rate to go higher.
At 3%, it is already a "high" comparatively.

And with lot of uncertainty in economy, and local economy seems not picking speed, the least BNM want to do is to kill off economy growth with raising interest rate.
In fact, prior before 2008 crisis, Malaysia rate had been hovering at 3% since the aftermath of 1997 financial crisis.

I personally do not think BNM will move the rate if there is no drastic change in economy situation.

I just published an article Citibank CitiGold Debit Card and FREE Platinum Credit Card and Term Deposit Promo, at my Melbourne Victoria Australia blog.

Getting 4.2% interest rate for 6 months Term Deposit; but more importantly to me, a new Citibank Australia Platinum credit card, hahaha. However not sure if Citibank going to withhold 46% tax, so far I have been lucky for my Citi Oz Online Account where I was not imposed any withholding tax, but not the case for my wife's account. And best of all, somehow I was approved another Citi Online Account without me requesting for it when I signed up for the 4.2% 6 months Term Deposit Promo. As such I get to enjoy the introductory bonus interest rate of 4.3% for 4 months for the new Online Account.

FYI, the article above also touched on how to get perpetual higher interest rate from online accounts where we get introductory bonus interest rate for 3 to 4 months only. Most Australia banks Online Accounts offer higher introductory interest rate (about 4% now) for new sign ups and there is no requirement of minimum deposit or will you be penalized if you make a withdrawal.

Thanks Bro for the info. We don't have Oz TFN. But like I said, I have been lucky as somehow I was not imposed the withholding tax for my Citi Online Account but not the case for my wife's Citi Acct. She was so pissed off that she transferred most of her money to her Commonwealth Acct where both of us are not imposed any withholding tax (???). And for your info, all our Oz banks' accounts do have an Australia local address since we rented a unit there (actually I used my cousin's address when I first signed up).

I checked with Citibank Personnel Banker when I signed up for the 4.2% Term Deposit promo and was informed that in order to be imposed 10% instead of 46% withholding tax, I need to provide an overseas address. Therefore, conflicting to what you mentioned above. But I did not do so because if I did, there is no way I will be approved for their credit card, hahaha.

As for Term Deposit Promo, I think HSBC also have interest rate close to that of Citi and the minimum amount is less.

I hate those accounts that requires me make minimum deposit monthly. Let me share with you on how to go about this stupid requirement for Commonwealth Complete Access (transaction Acct with FREE Debit Card) where I need to deposit AUD2K per month or be charged AUD6. Let's say I have AUD100 in my Complete Access Account and AUD800 in my Commonwealth Online Account (which earns way better interest rate than Complete Access). So what I do is transfer AUD700 in and out between these account 3 times in a particular month (can even do it in a single day) and I meet the minimum deposit of AUD2K per month, hahaha.

ya i read their T&C need to place 100% of FD amount into saving account, don't need to see liao.

Started with 1/3, worsen to 1/2 and now 100%

Might as well deposit to Ambank / SC for 6 months - 3.5%, not worth the hassle of depositing monthly to your SA and go back again 3 months later to renew / withdraw.

Bro, I have never heard of financial institutions auto renew FD at the HIGHER previously contracted rate. It's either auto renewal at board rate or uplift and renewal at nego rate with a new receipt issued. This is the SOP of all financial institutions in Malaysia. The logic of this SOP is that the bank will risk higher cost of fund if its FD system was programmed to auto renew at higher rate instead of prevailing board rates.

What if the board rate is higher than previously contracted rate ? If system take the old rate, depositor sure sue 9 BR liao.

YR INFOR NOT ACCURATE

wow.. not bad..
which branch is it? i only got a miserable manicure set in Penang.
BTW, no more banker's cheque from BR from 2014, they will perform interbank giro to destination bank account and absorb the RM2 fees which is ok as banker's cheque may need 1 more day to clear.

to get 4%...is (2.75% + 1.25% (500k & above)

if put 50k...then (2.75 + 0.50%) = 3.25%/per annum..

new fund, under CA, islamic..