Bro, most banks will automatically give you Tier 2 rate (i.e. lower rates) for amount over RM1M, especially if it is auto renew. However, one can always enjoy the Tier 1 board rates (and even higher) if one has more than RM1M deposit with any bank - one just have to do some work, i.e. talk to the bank manager.


Yes, looks like CIMB increase the most for the 12 months FD interest rate. Even the World's No.17 Bank, i.e. Maybank, 12 months board rate is 0.1% lower than CIMB's.

Click here to my Fixed Deposit Page to view latest FD Board Rates for Maybank, Hong Leong Bank, Public Bank, HSBC Bank and CIMB Bank where all these said bank revised up their board rate effective today. We can expect more banks to follow suit. I am interested to see if Affin Bank will revised their board rates up.

This post has been edited by Gen-X: Jul 16 2014, 07:31 PM

I still have not reached the stage of putting >1 mil in any one bank. Just accounts in few banks here and there. Always look for better FD rates after I joined this community. Anyway will remember your tips when the time comes.

Will head to your blog for the update on FD rates especially I have some FD maturing and wondering where to put it next week. Thanks !

So its not advisable to put FD in BR now? I already have a FD at Mach Hong Leong at 3.7%. Can I open another FD under the same account ? Thanks

From ethical perspective, yes not advisable.
From financial perspective, I don't think the cooperative banking will simply collapse due to the scandal because the gov won't let it happen else domino effect will pull down the whole country economy.

We should send a clear message to the gahmen that we the rakyat will not tolerate such nonsense. If all of us boycott BR, the gahmen will realise thier mistake. If everyone show the 'tak apa' attitude, in future worse scandal may appear and yes, it will affect us all.

You sure the Rakyat will not tolerate such nonsense. In previous FD threads, I called those who are anti-BN (read PR supporters) are hypocrites to support BR. I pulak kena taruk left right centre, and I am not even anti-BN or anti-PR. To me all politicians the same - all in politics not to serve the rakyat but for their own self-interest and benefit.

Most of the Rakyat including anti-BN, as can be observe here, don't care as long as they are rewarded with more money from BN, i.e. earning more in interest/dividend from their deposit in BR.

I will reiterate here once again like I mentioned in FD Thread, V2 or maybe V3, the reason why I won't deposit with BR is because of my principles and nothing to do with anti-BN - if BR ever gets into financial difficulties, it is the Rakyat money that will be used to bail them out and pay those greedy people who deposit in BR. Therefore I would not like to be of of them that take advantage of the Rakyat.

Having said the above, I am sure many BR fans can't comprehend what I mean, hahaha.

juz hope the Rakyat would be concern with the latest BR "scandal" & not go the normal "tidak-apa" attitude we Malaysian are famous for

Moving forward,
a. Do u think PIDM will revise its membership criteria? n
b. Do u think BR will submit application for membership?

I'm not sure what the membership criteria PIDM imposed.

but I do want to know why BR didn't apply for PIDM membership

Yes, I think they will change and offer better FD promo rates..

I hope so. It is a gamble that I am agreeing to take.. let's see

I think so.
Low risk with PIDM will get low interest rate, and vise versa.


5.5% deal was few years ago, I think Lowyat FD Version 1 was not existing at that time.

I called to MBSB HQ this afternoon, MBSB said:
All MBSB existing FDs (including 4.7%) will not get affected after merging.

MBSB is not sure to continue to offer 4.7% FD after 3 banks merge since
there is no instruction from the top management yet.

Aiyo.. Captain... Rakyat money are all around...

I share 2 true stories here:

(1)
When I used to work as a stationery salesman many years ago, when I was trying to promote
some products to a court, the court's purchasing officer told me that I was late and they just spent all their budget and therefore no business for me, then they showed me about 20+ new laser printers sitting in their store room. They explained to me that they had to use all their remaining money before the year end even though they would not use these printers at all; otherwise the remaining allocated budget to the court would be forfeited by one of the government departments...

(2)
I met one guy in the Fire Department lobby when I was waiting to see the Fire Department's purchasing officer. This guy suddenly asked me to teach him how to use his digital camera, he said he bought this digital camera at retail price and resell it to the Fire Department...

Then I asked him, why didn't he buy it from the digital camera distributor? He answered me that
he did not know any digital camera distributor, so he bought it from a retail shop...

Buy digital camera at retail price also can make money... Steady or not..?

This post has been edited by BoomChaCha: Jul 17 2014, 12:31 AM

Because money deposited in BR is guaranteed by the Rakyat

Bro, I know you are not of the hypocrite I labelled. Because you and I like Gardenia bread, hahaha.

in respect to (1) - is a normal case anywhere in the world. All government agencies (in developed countries too) are allocated an annual budget. If they don't utilize it, as you mentioned, it will be forfeited and the following year the agency will be allocated less. It is also happening where PR are in power too - you can observe roads that are in good conditions are resurface - really waste of funds.

in respect to item (2) - which is related to item (1), the guy did not tell you how much he made per camera ar? You should go read our Auditor-General's report for 2012 - RM3K for wall clock and in 2013 - a government officer spend more than RM300K for 4 days study trip to Geneva.

This post has been edited by Gen-X: Jul 17 2014, 01:13 AM

Then how about MBSB?

I did not ask him how much he made, quite embarrassing to ask him lah because
he was selling only one unit digital camera....

Captain, the astronaut went to the space with Russian rocket, and Tungku Abdul Rahman
submarine that has problem to dive under the water, jet fighter without engine are also Rakyat money ma.. And many more la...

I read from the newspaper that our astronaut will have a second trip to the space with roti canai
and teh tarik.. then how..?

No, Captain, I do not like Gardenia bread, but I admit that Gardenia bread is better than Massimo
in terms of taste and marketing strategy...

This post has been edited by BoomChaCha: Jul 17 2014, 01:19 AM

Ha ha, no problem at all, we are discussing and sharing opinions only..
So far, I have learned many things from you...

summary so far:

highest 1 month fd : CIMB and PB Golden 50 Plus, 3.25%

highest 3 month fd : CIMB, PB Golden 50 Plus and Mach, 3.3%

highest 6 month fd : Mach, 3.5%

highest 12 months fd : Mach and Affin, 3.6%... but Affin not yet revise rates

BR and MBSB not included because no PIDM


Bank Islam doesnt publish their rates... but before this it's roughly 3.23% for 12 months

MBSB - well, guess why EPF landed as the major shareholder. And now going to merge with CIMB.

MBSB and BR no different - main product last few years making them tons of money is from Personal Loans to government servants.

Actually, in regards to the carpet-man case, the ones that are mad are the government servants. They are working hard to serve the Rakyat and have to pay freaking high effective interest rates for their Personal Loans and this lucky guy pulak getting interest free loan.

Another thing if you note from the article earlier was that it was mentioned that Islamic product got no interest (that why the guy got interest FREE loan). So don't be surprise if BR suddenly use this same excuse not to pay you guys interest (if no profit no dividend) for your deposits.

As for the lucky Datuk that went to space, good for him and the nation too I suppose if it does encourage the youth to be interested in science

This post has been edited by Gen-X: Jul 17 2014, 01:52 AM

What lah, seeing Captain and BCC talking about money or money politics at wee hours of the day ! Hypocrite or not, I think it depends on to what extent you want to mix your life with it. Politics in a country affects a lot of aspects in our life. To me, as far as FD is concerned, whichever bank that can give good returns with minimal risk is good enough. I like Gardenia bread by the way.

For PIDM, it is a kind of insurance and member banks have to pay certain amt to get PIDM protection. So that could be just one of the reason why PIDM banks give lower rates. But of course those institutions with no PIDM may want to give higher rates to attract depositors.

Today my Citibank FD auto renewed to 12 months 3.05% (old rate). So it is good to check for FD auto renewed. You may want to cancel it and to renew when your banks changed their FD rate with the recent OPR change.

This post has been edited by bbgoat: Jul 17 2014, 10:16 AM

Before you call others greedy, look into the mirror first.

Before you call others hypocrite check your own hypocrisy.

We are all humans, no need to show you are from higher moral grounds.

Now that he's making news & headlines, let's see how he control the ego damage


Good news indeed. No need to worry about existing placement. Thanks for taking the effort to call MBSB & update us here

Hope the merger kena dragged until year end...when my chips are available for another round of game with MBSB

So looks like I have to open acct there, MBSB, before the merger for the 5 yrs 4.7% (or higher ?).

Thanks !