Just 1 question to ask (sorry if its off topic). I've read that FD interest are tax free up to RM100k of deposits you put in. Does that mean if I have cash excess of RM100k (lets say 1 million) and deposit into FD, 900K's deposit's interest will be taxed?

SC give 3.5% for 6 months
Mach HL gives 3.4% for 12 months.

Still accumulating more info as got FD due end sept 13. Will check out Affin as received brochures mentioned 3.88%...

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..

hi question ,if senior account
then the senior passaway
take how long to withdraw the FD?

That is interesting....legally it is incorrect if a person has passed away, any withdrawal or transfer of fund after the death is deemed as illegal transfer?

yes UOB is statement based and so is OCBC.

Anyone know any interest given for pre-mature withdrawal (1 month plus) on UOB FD... Overlooked the matured date and was given only 3.1%..plan to withdrawal and redeposit at 3.6%

guys, if between 1 month (3.05%) and 6 months (3.25%)
isnt it better to just go for the 1 month rate cause if they pay the interest every month, and its added back to the initial deposit, they will have to pay me more right?
Or do they also calculate the 6 months rate and pay off the interest on a monthly basis?

For discussion purpose, I heard that the interest rates may get better early next year, near CNY. Anyone has any thoughts about this insight?
Partly the reason why I'm locking in money for 3 months to see what happens then.

There are talks of rates going down. What is your opinion ? Thanks.

To control inflation..Central Banks will try to tighten money supply and one of the most common ways is thru raising interest rates. With increasing interest rates, more people will deposit money (as per many sifu's here) and less people will borrow as cost of borrowing increases.

In fact, to further curb property speculation, increasing interest rates will be the better way other than RPGT. But will the Central Bank increase IR or not...really no idea.

Hi guys, I was told by a family member that I should try foreign fd. Advisable to try?

What are their reasons? What are the Foreign FD rates?

kambing...

think u already know... this again has been extended to Feb 2014.

i like it, saves me the trouble for looking for anything since this is 5.2%, payable qtrly!

hope it goes on and on until bnm raise rates like hell for watever reason...

nb... tis is a cimb frnid, a klibor based structured deposit, not fd...

I dont trust  FRIND again, played out by CIMB before. First you have to pray that the Klibor or whatever index falls into your favourable ranges, if not no interest or very much lesser. Then you have to pray that the bank dont play you out when KLIBOR range is in your favour.

You cant beat the bank, when they have an escape clause  "call back".

Say FD Rate goes  down to eg 2% pa you might think you are lucky signing up for this FRIND that promises 5.2% for 3 years. But wait. dont be happy too fast, the bank can do the so called  "call back" and return your capital when prevailing FR rate is so damn low.

I kena before, when KLIBOR out of ranges few quarters no interest they dont do call back. When index come into the range and I got the 6% or so interest for 2 quarters only,  the bank started to play dirty - they called back the FRIND and returned my capital. End up after 2+ years only got something like 1% pa on average.

Better go for long term FD, you are assured of that rate till the every end.

The problem is a lot people don't know about developed countries interest rate. I for instance only know Japan has almost zero interest rate. Now only I know even Taiwan also "follow" those developed countries 

... out of my curiosity, don't mind me asking which local bank is actually making profit during the 1997 financial crisis ... ...

Interesting but AUD has been going quite low lately against MYR, believe it is now below the mark of 3?

I do have some trips now and then to Aussie but the fluctuation of AUD and rate of 3.9% - is it worth it?