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Original FD Thread
Fixed Deposit Rates in Malaysia V2
Fixed Deposits Rates in Malaysia V3
Fixed Deposit Rates in Malaysia V4
Fixed Deposits Rates in Malaysia V5

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 16 July 2014.

Bank - FD rates for 1 month, 3 months, 6 months and 12 months.


Affin Bank - 3.25%, 3.3%, 3.40% and 3.7% (Revised 18/7/14)

Alliance Bank - 3.15%, 3.2%, 3.25% and 3.3% (Revised 21/7/14). FD Gold 12 months 3.40% (Interest paid monthly).

AmBank - 3.15, 3.2%, 3.25% and 3.35% (Revised 18/7/14)

Citibank - 2.95%, 3.10%, 3.10% and 3.20% (Revised 17/7/14)

CIMB Bank - 3.25%, 3.30%, 3.35% and 3.40% (Revised 16/7/14)

Hong Leong Bank - 3.05%, 3.1%, 3.2% and 3.30% (Revised 16/7/14)

HSBC Bank - 2.90%, 3.10%, 3.15% and 3.25% (Revised 16/7/14)

Maybank - 3.15%, 3.20%, 3.25% and 3.30% (Revised 16/7/14)

OCBC Bank - 2.75%, 2.85%, 2.9% and 3.05%

RHB Bank - 3.15%, 3.20%, 3.25% and 3.45% (Revised 18/7/14)

Public Bank - 3.15%, 3.20%, 3.30% and 3.35%. PB Golden 50 Plus 12 months 3.45% (Revised 16/7/14)

Standard Chartered Bank - 2.95%, 3.10%, 3.15% and 3.25% (Revised 23/7/14)

UOB Bank - 3.05%, 3.10%, 3.10% and 3.30% (Revised 18/7/14)

Fixed / Time Deposit and Savings Account Promotions 2014
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.

AmBANK - Valid until 19 September 2014.




HONG LEONG BANK

15 Months - 4% with 10% into CASA

12 Months - 3.85% with 10% into CASA

CASA amount to be earmarked for 6 months.



*

MACH by HLB - MACH revised up their online interest rates for FD effective 16/7/2014 and they are now as competitive as Affin Bank.




OCBC BANK - Minimum RM10K. Promo ends 31st July 2014. Please call OCBC for latest promos.

Fresh Funds Options

Option 1 (REVISED IN JUNE) - 18 Months Tenure. First 12 months 3.6% and remaining 6 months 4%.

Option 2 - 12 Months 3.65% Islamic Banking "FD". No need to worry about stupid CASA thingy.

Option 3 - 3 Month 4.3% But you go to place equal amount in CASA. If you are new to OCBC Combo FD Savings Deal, please click here to my blog and read my comments.

Existing Funds - No need stupid CASA thingy.

3 Months - 3.2%
12 Months 3.4%


UOB BANK - Please call UOB for latest promos.

PUBLIC BANK ISLAMIC - 9 Months Step Up FD. Rates revised 1st July 2014. Valid until 30 September 2014

Public Bank Islamic has a Step Up FD without the stupid CASA requirement.




Maybank


*

BANK RAKYAT - NOT Eligible for PIDM

If you are willing to go deposit with a non PIDM member, then check out Bank Rakyat Deposit Account -i which is based on Islamic Principles and like all Islamic banks' products, the profit rate cannot be guaranteed.



Thanks to all members who highlighted that deposit more than RM5K with BR is now eligible for monthly dividend. However, please note that many members here reported that their monthly dividends were not be credited monthly but they have to call up BR staff to have it done manually every month!!!
Special thanks to bbgoat for reporting the tenure to be eligible for monthly dividend:
Important dates in regard to possible interest rate changes:

Fantastic compilation by BoomChaCha
**



Last but not least, for more Fixed Deposit Promotions and my comments on them, please click here to my FD Page.

This post has been edited by Gen-X: Sep 2 2014, 08:21 PM

Please DO NOT go Off Topic.

Only post if you have something to share in regards to Fixed Deposit.

This post has been edited by Gen-X: Apr 12 2014, 10:04 AM

Thanks Captain, you are the right person to re-start the thread !

I saw other threads have something like below in their rules:

Respect each other. We do not want flame wars here.
No abusive, offensive languages.

Thanks again !!

This post has been edited by bbgoat: Apr 12 2014, 10:56 AM

I teach u how to calculate Average so that next time you can calculate yourself.

Total up all the 12 months rates then divide the total sum by 12. You will get the 12 months average rate.

4.33% pa? That's the highest 12 months FD rate in Malaysia. You sure your calculation is correct ?

OK, this one is CASA & FD combo. So need to mention the CASA requirement to get the real interest rate.

It was discussed in previous thread. I cannot remember the CASA required. But after taking that into account, the effective rate is not high.

that promo was discussed before. if i remember correctly 80/20. means the rate has to multiply by 0.8.

pbb fd promo has never been interesting. one year look for uob or affin.

Ya, PBB FD promo always not that exciting. You can get more info from Gen-X's blog:

http://generationsxyz.blogspot.com/p/fixed-deposit.html

V6.1?

It should have start earlier. It has been out of topics so long...how to calculate maybank 3.88 effective rate?

Post#2 - Only post if you have something to share in regards to Fixed Deposit. Your spamming may lead to this thread being closed again and someone got to go restart the thread and call it V6.2, hahaha

Bro, you teach him half-way only. You forgot to tell him to read the Terms and Conditions too.

Bro, you quick learner and your maths pretty good. But since I am so free now, I am going to pass to you the secret of FD Promos and calculating effective interest rate. And the secret is like I mentioned above, you need to read the Terms and Conditions of FD Promos. If you click on the T&C ( the link here for your easy reference ), you will note that you have to deposit 20% into Public Bank PLUS Savings Account and this said amount shall be earmarked for 12 months too. The next step is go see the interest rate for the Plus Savings Account and you will note it pays miserable interest rates even if you deposit more than RM1M!

So say you got RM100K to deposit, RM80K shall be deposited into Public Bank's so called Super FD and balance RM20K into Plus Savings Account which pays you 0.1% (Plus Savings Account interest rates are based on tiers and interest paid half yearly).

For simplicity sake, say you'll earn 0.1% from the Plus SA. Therefore the total interest you will earn at the end of 12 months is approximately:

Super FD RM80K x 4.33% = RM3464
Plus Savings Account RM20K x 0.1% = RM20!!!! Please note it should be lower since you ain't getting a sen in interest for the first RM3K!!!!!

Therefore total interest earned for a year = RM3464 + RM20 = RM3484 (see this freaking number, sure die one).

So you tell me, what is the effective interest rate for your RM100K deposit. If one doesn't know, then better one avoid Combo FD Deals and just go with Affin 12 Months FD Board rate of 3.6%.

And since I am freaking free, here is another tip- After the FD Promo period, you will be stuck with board rate if you opt for auto renew. When chasing after FD Promos, do consider time you need to go waste at the bank, petrol cost and parking cost. If you have less than RM10K, just go with Affin Board Rate 3.6% and you can go anytime at your convenience to update your cert whilst still earning 3.6%


Bro, usually I won't be bothered with Public Bank's Step-Up FD Promos because experience tells me it will be lower than Affin Bank's board rate. Actually, nowadays whenever I see the Step Up FD promos with the stupid CASA requirement, I won't even take a second look.

Like aeiou228 mentioned above - Total up all the 12 months rates then divide the total sum by 12. You will get the 12 months average rate.

And once again, go read the T&C and you will note you got to deposit 20% into selected Savings Account which also pays miserable interest rates.

This post has been edited by Gen-X: Apr 12 2014, 11:22 PM

hi bros,
anybody can login to your BR's internet banking?
I couldnt login since this morning!

That's the problem. The link given was also half-way, can see only 11 months interest rate and no CASA thingy.
Luckily I never teach divide by 11 months

We only focus on FD here. You basically have covered all possible investments (UT another one). But you have to go into other forums to get your answer.

Remember higher gain at higher risk.

well to answer that question, what EPF rate do you have in mind for the next dividend?

Gen-X BR's profit rate in the 1st post is no longer valid. It has revised down the rate...again

BR 12 months at 3.9%. Would have to go for 24 months 4.1% more attractive to me.

Bro, you are welcome.

And FYI, The images in PBB websites are in parts, therefore the link you copied and posted above does not reflect the entire ad and most would not understand what it's all about.

Noted and thanks. Updated Post#1 and also my Fixed Deposit Page.

Nope, not there. U can click the link n see it for yourself.
If you r still single, forget about epf. Epf is like one way street till age 55.
You need more cash for your housing, children education etc before 55 years old.

guys...

3.2% one month tenure vs 3.6% 12 months tenure ...which wan better if take into account compounding interest? cheers

3.6% is better. Teach you a simple way to distinguish the difference just by one glance, no need to count month after month.
The difference between the two is 0.4% p.a.
Ask yourself can 3.2% compound interest out of 3.2% FD interest equals or more than 0.4%?
3.2 x 3.2% = 0.10%
Therefore 0.10<0.40
It is not a precise answer as I excluded some negligible variables but it is still 99% correct.

Interested in FD for long term , Small amout about 10 - 20k
Whats the best option ? Thanks

thanks boss for your evaluating method ..

Beside UOB 3.65% 13 month,any higher offer again?as i know RHB can apply for 3.5% for 1 years FD.

For non PIDM, BR 12 months 3.9%.

Monthly interest credit? or not?

Affin Bank 3.6% 1yr FD board rate (PIDM protected)

Looks like I have to park my money reserved for EPF's self-contribution scheme in FD. Went to see a EPF CS @JB office and was told that those working and contributing EPF are not eligible to join this scheme and if found out the amount will be returned.

If 4.1% considered attractive to you...then no need to look up, down, left, right...straight place for >60 month...4.50% yo, arouse you or not?

Best rate offered by MBSB: 4.70% for 5-year placement. I assumed 5-year is deemed as long term to you la

Received a call for HLB regarding bond issued by HLB. 4.6% per annum for 5 years. No PIDM protection. Callable by HLB after 3 years. Minimum investment RM250k. Anyone else received similar call? Thanks.

This post has been edited by choyou: Apr 14 2014, 12:41 PM

This forum for FD. So please discuss elsewhere.

We should allow queries of this nature as its indirectly related to FD.
This will help to provide info on opportunities for FD folks.
My 2 cents.

Well, bond is of different nature. If we allow bond discussion, others may discuss on UT, stocks etc. Please read 1st post by Gen-X.

I opened several FD in Public bank on Different time, the FD account number is the same. Is it the interest compounded it together?

Sorry I should go to ask the officer there but due to in rush, I forget to ask.

FD cert for each FD should be different numbers. The acct should be the same for single acct.

My CIMB FD is diff. acct. no. That's why I forget to ask the officer there.

... From what have been stated on the first page of this post, I don't think BR need 20K deposit to be paid monthly already. They have drop it to 5K ...

--> Bank Rakyat Deposit Account-i ...

... I may be wrong. Please double confirm yourself if needed ...

~ ~

Ya, I saw in their website that they mentioned 5k for monthly interest.

Wake up, need more info from other guys. BCC, Top Flo where are you ?

This post has been edited by bbgoat: Apr 14 2014, 05:59 PM

MBSB ?

Any other alternatives

Next in line is BR 4.50%.

Guys,

Understand the current Ambank promotion may not be very attractive but I cannot seem to find the details anywhere.

From today's Star: 3.38% for 6 months + 3.7% for 18 months
50% must be placed in both tenures

But it did not say anywhere if fresh funds are required, anyone got any idea? Else will go check it out sometime next week.

Did upliftment of a few of my FDs at BR. Giro charges OTC at RM2. Ask for Banker Cheque as its free then walk 10 meter deposit in maybank cheque machine. Giro still slow at BR so no advantage over cheque .

bro check out OCBC, 18 months tenure

6 months 3.6%
12 months 4%

6 months interest will be throw in to enjoy 4% for 12 months.

I know about that promo but I have some money lying in ambank which I don't plan to transfer out soon.
Besides, is not as good as BR & waiting time at OCBC is really long for every opening of account

Bro, it is stated in the Ad, Minimum Fresh Fund RM20K and RM40K for Existing Customers and New Customers Respectively.

Updated Post#1 and My Fixed Deposit Page showing the ad where the Fresh Fund amount was stated.

This post has been edited by Gen-X: Apr 15 2014, 02:02 PM

how come ts said BR fd profit not guaranteed?
FD sure guaranteed la..
Pls edit..thank u

BANK RAKYAT - NOT Eligible for PIDM

If you are willing to go deposit with a non PIDM member, then check out Bank Rakyat Deposit Account -i which is based on Islamic Principles and like all Islamic banks' products, the profit rate cannot be guaranteed.

This post has been edited by buddy: Apr 15 2014, 02:07 PM

Thanks Captain. Just confirmed it too by asking them, didn't see that fine print.

New FD Promo:

SCB 3.5% for 6 months

https://www.sc.com/my/campaign/Saadiq-3-5-T...it-i/index.html

Was in UOB today. 13 months FD 3.65%. Fresh fund, min 10k. Promo by end of April.

interest monthly basis or after maturing?

RM5K for monthly interest payment... hmm interesting, anyone can confirm this for tenures 2 months and above?

Thanks for reporting - Post#1 updated.

Thanks for reconfirming. Same as Post No.1. To add, the UOB 13 Months FD Promo no CASA thingy requirement.

Definitely not monthly BUT I would like to know if it is semi-annually or upon maturity. I forgot to ask this when I was informed of the promo last week.

do i need to go to SC saadiq branch for the 3.5% for 6 months FD promo?
or normal branch will do?

I think SC Saadiq branch only because it's Islamic FD

It is paid 6 monthly. Unless I lost my memory, ha ha.

Was in BR also. The ABM did not know that the monthly interest requirement was dropped from 20k to 5k. But I did not ask if whether it is only for >2 months or only for 12 months & above.

Yeah UOB, no CASA requirement, but by end of April only.

Ya, semi-annually for UOB promotion.

This post has been edited by bbgoat: Apr 15 2014, 06:09 PM

for the 18m ocbc promo, if you add in the 6 months interest into the calculation you would actually end up with 3.915% pa.

Add:

BR ABM mentioned nego rate changed to 50k or above.

UOB counter girl said May will have new promotion. Just have to wait and see.

Updates from OCBC staff this morning

🎉OCBC FD Promotion🎉

*MUST be Fresh Fund*
*Promo until 31 July 2014*
*T&C applied*

A. Pure FD (18m = 3.87%)
B. 50% Saving + 50% FD (3m = 4.30%)
C. New Premier (3m=5.50%)
D. Invesmt Deal (3m=5%)

Previously, I copied and shared in the above which was posted by cybpsych at Maybankard 2 Cards Thread as I thought the info would be beneficial to those of us having OD facility. I.e. Withdrawing Bank A FD and then perform IBG transfer to Bank B and then write a cheque at the same time to Bank A to be eligible for FD Promo with Fresh Fund.

And with the short discussion between a few of us, one of us mentioned about performing IBG over the counter. And guess what, I wasted RM2 to try out IBG transfer and I am happy to report that the transfer was credited into the receiving account on the same day

Well, I just published another article with the title A Little Bit Of This and A Little Bit Of That. Actually this is the 4th article with the same title. As usual, I will be covering numerous subjects in my series of articles with the same title A Little Bit Of This and A Little Bit Of That. In this new article, you will learn some new stuff or maybe nothing at all.

So, for those of you who have time to waste and more importantly a kiasu like me, please click the link below to read my article and learn more about what I have to say about IBG Same Day Fund Transfer (plus other stuff that may not interest you).

A Little Bit Of this and A Little Bit Of That - Vol.1, Chapter IV.

FYI, Al Rajhi Bank is currently offering Fixed Investment rate of up to 3.5% for placement of 1 year.

Do we need to open a saving account with BR for the RM5K for monthly interest payment?

Wah, not only the profit rate has been revised down, the nego rate was lowered as well

The ABM gave any hint why they execute the flip flop policy?



This one very tempting...



Yes.

Go horse lo

10000 after 6 months interest (3.6% pa) become principal = RM 10180

RM10180 for 4% over 1 year = Rm10587.20

Effective 587.2/10000 = 5.872% over 18 months = 3.915% pa

Was in BR again today. Asked the question. For monthly interest the FD has to be min 6 months.


Definitely.

Ha ha, he gave me an answer saying they moved with times ! Trying to attract customers. He did not even know about the 5k limit change. He checked with the counter staff when I was with him yesterday. So is BR more dynamic now ?? But still need to catch up with ninja warrior ?

This post has been edited by bbgoat: Apr 16 2014, 06:48 PM

Thanks,HJebat..
Any annual fees or fees involved for applying for Bank Rakyat ATM card? (~Doesn't seem to find the BR webpage mentioning any annual fees)

Out of curiosity..what would happen to the FD interest if there is an early withdrawal of FD in BR? Will they ask for interest refund since the interest is paid monthly & interest rate for different tenure is different?

There is another method I wish to share is than how one can still manipulate the fresh fund from the same bank A even in the afternoon ie after 12.30pm IGB giro same day clearance cut-off time.
If one can only go to the bank in the afternoon, the over the counter IBG giro trick no longer work. Therefore instead of IBG giro, withdraw the FD by Banker's Chq, write a chq from Bank B OD account to Bank A to be eligible for FD Promo with Fresh Fund. Then bank in the Banker's Chq bank to OD account at any Bank B's CDM before 4pm for same day processing.

The pro for this method are:
More flexible and convenient time allowance up to 4pm. (Avoid morning road traffic and banking rush hour)
Banker's Chq withdrawal from FD account is usually FREE. At least for OCBC, HLB, CTB....
No OD interest incurred.

The cons is, need to walk to Bank B to deposit the Banker's Chq before 4pm.

The branch that I opened the FD said no more banker cheque for upliftment of FD, only Giro available and they will absorb the RM2 fees.
Do you know whether we can uplift our FD from other BR branch by bringing the FD cert.?

No annual fees for BR Co-op card. I think no initial fee also, but some of the veteran said has. Forgot about mine and cannot be sure.

Sure they will deduct from your FD principal sum after doing some calculation.

This post has been edited by bbgoat: Apr 17 2014, 07:48 AM

Aiyo, people jiat png, dunno they jiat sai or not. Very jialat la like this. Can simply reverse policy within months


RM8.00 will be charged for the application of the card. No annual fees or other fees involved, unless you want to replace or exchange card.

Answers to your other Qs as per replied by bbgoat.


Yes, we can uplift our FD from other BR branch, but the max amount is RM50K.

Bro, RM2 not wasted lah, cost incurred to confirm this method is workable, barring any IBG hiccup.

This post has been edited by MGM: Apr 17 2014, 12:38 PM

Went to SC Saadiq just now to place my FD for 6 mths @ 3.5%

Turns out system still down since yesterday due to system upgrade and I had to wait til next monday only they could proceed with my FD placement

Thanks,HJebat & bbgoat for the reply..
Went BR today to open for RM5k FD..
The info I got from their customer service seems vry much contradicting.. Min FD amount for monthly interest payment to be credited to saving must be RM10k above & 6mths above tenure(after confirming with a few of her superiors from call)
For BR ATM card, there will be annual fees charges of RM8..
BR Co-op card, annual fees RM5 but must be member of any Koperasi (~which currently I am not any of the member)
BR debit card, one time RM12 charge..but at the moment can't register for online banking pin through ATM..
At the end, nvr apply for any saving accounts for monthly interest credit.

Just a quick question. Let's say I have a banker's cheque from Maybank and am going to place as a FD at OCBC on Friday. So when does my FD date starts?

BR has been known to have confusing implementation of some of their "programs". My Co-op card, has no annual fees so do some of the guys here. Their website also mention min 5k FD for monthly interest (FD min. 6 months).


Still the same day you placed the FD.

wow... very high for a FD to give that rate...

Contradicting infos is a common practice for BR

The probability of this practice occurring in the future is still very high

Did you receive any gift?

If I have a banker's cheque of RM 50000, can I take that cheque and create 2 separate FD or I need 2 banker's cheque?

you can separate them

You can even have RM10k X 5 if you want.

Thanks. Used to be lazy and just rely on e-FD but it's time to stop being lazy and explore the additional few 0.x% interest

i have asked this before at Affin - note other bank might be different. They told me you can top up to the amount of cheque by cash but cannot split the amount of cheque to various FD placement.

Yes correct. I asked for spilt but said cannot for Affin. One banker cheque for one FD placement..

Other banks beside Affin should be able to do so I guess?

No issue for UOB, OCBC and BR

New premier refer to newly join premier member or existing premier member put new fund?

I did not receive any gift..should I ask for that?lol
Did u get any gift from previous BR FD,HJebat?

Ya, I also do notice stated in their web for the min RM5k monthly interest payment. http://www.bankrakyat.com.my/deposits-account-i-
Any co-op which we can apply for private sector working guys like me?

Do I need an account in BR in order to deposit my FD there?

This post has been edited by tifosi: Apr 18 2014, 02:21 PM

Regulars here usually get gifts, eg. face towel, pedicure/manicure set, umbrella, parker pen


Not necessary unless you go for the monthly interest.

This post has been edited by gchowyh: Apr 18 2014, 03:17 PM