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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
Fixed Deposits Rates in Malaysia V6.1

Note: Please refer to Post#2 for latest FD Promos by BoomChaCha

Notice / Disclaimer:-
Call & Visit the respective banks for confirmation & latest promotion.
We are not liable to any misinformation which might cause any financial or opportunity loss (which include FD rates & any others information).

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 18 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 - 3.15%, 3.2%, 3.25% and 3.30% (Revised down 7/10/14)

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.

ALLIANCE BANK - valid until 31 December 2014.

For those of you above 40 years young, Alliance Bank is offering 4.1% for their FD Gold with minimum fresh fund RM30K.



Please note that the definition of Fresh Fund for Alliance eFD promo - contributed by kyenli



AFFIN BANK - contributed by Ramjade

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HONG LEONG BANK

4.08% for 12 months



HLB Junior FD - 4.15% for 24 Months Tenure


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MACH by HLB - MACH 3.85% for their 12 Months FD online interest rates




OCBC BANK - Minimum RM10K. Promo until 31 March 2015.

3 mth 3.8%,
6 mth 4%


UOB BANK - Until 28 February 2015

No Stupid CASA Requirements, No Step Up Rubbish and No need to have Savings or Cuurent Account!

Minimum RM10K Fresh Fund


3 Months - 3.85%

12 Months 4.10%


Christmas FD Promo until 24 Dece 2014 - Minimum Fresh Fund RM50K

6 Months 4%

12 Months -4.2%



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RHB BANK - 1st reported and subsequent revisions by bbgoat and top secret brochure/image by dagdag1


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PUBLIC BANK - 12 Months Step Up FD. Effective 27 October 2014 until February 2015. - First reported by cklimm



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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:
**



For more Fixed Deposit Promotions and my comments on them, please click here to my FD Page.

If you are new to Fixed Deposit or even a serious FD fan, click here to my article Get More FREE MONEY With The Right Fixed Deposit Promotions.

FDMCGC - Fixed Deposit Musical Chair Gamers Club



FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread



This post has been edited by Gen-X: Dec 16 2014, 11:09 AM

Bro, UOB 13 months interest paid semi-annually too deposited into CASA.

This post has been edited by Gen-X: Sep 6 2014, 10:19 AM

Bro, if you have a current account - You can perform GIRO before 12.30pm into the current account and then go to another bank and place a new FD. I have shown in my article A Little Bit Of This and A little Bit Of That that I perform GIRO at RHB before 12.30am into my HLB account and same time wrote a cheque. At 7pm, the amount transferred via GIRO transfer was credited into my HLB current account but the cheque amount not debited yet.


hahaha, that guy is a genius, he's playing you. Seriously, what this shows you many don't understand about % p.a. and don't comprehend effective interest rate. That's why many are getting poorer signing up for Personal Loan where Banks advertised "low" interest rate but in actual fact the effective interest rate can be as high as credit card's interest rate. I guess there is some truth about what people are saying about our poor education system,

Yes, anyone can make deposit with Islamic Products at Islamic Banks. But you got to understand that dividend (interest) is not guaranteed (but usually they honor it).

This post has been edited by Gen-X: Sep 10 2014, 03:22 AM

Bro, thanks for reading my articles

Oh, I am sure you also read about RENTAS in my article, which cost more than GIRO over the counter. RENTAS allow more to be transferred. I wonder if BR have RENTAS facility?

Yes, the UOB 13 months promo is Pure FD. And interest will be paid semi-annually into a CASA account. So, if you have a CASA account then no issue. However if you don't have a UOB Savings or Current Account, you need to open one. AND most UOB CASA account have some fees! If you going for the UOB 13 months FD Promo and need to open CASA, check out their eAccount which is FREE (no monthly fees) but you got to pay for the ATM card I think.

Bro, if no need CASA, why does the interest go into?


AVFAN - last year we discussion at V4 about AUD. AUD/MYR exchange rate about 3.2 then. Well, AUD/MYR is now below 2.9 again USA/MYR strengthen but AUD is weakening like hell against USD (AUD/USD down 0.83% as of now). Time to start monitoring AUD/MYR

3.2 -- > 2.9, that's 9.375%. Whomever deposited in AUD Term Deposit back in May 2013 had wish they have deposited in RM instead.

This post has been edited by Gen-X: Sep 10 2014, 05:08 PM

Thank you Bro for the info. This is great, more banks are then pressured to offer higher FD promo rates to be competitive. Looks like we are heading back to 2011-2012 where we can get FD Promos offering 5%

No need to deposit x% into CASA, however, like all previous SCB FD Promo, need to have CASA because interest is deposited into it. So if you don't have a CASA with SCB, you need to open one.

Updated Post#1 and my Fixed Deposit Page.

To get the FREE TV back in last quarter of 2011, must deposit RM1M or was it RM750K. But heck, what is the point of a LCD 42" TV which was outdated, if they offered LED and HD maybe I would have taken it. Instead I opted for 2 Nescafe coffee makers; but never used it once and I don't even know where they are now, haha. But what I really wanted was their Visa Infinite to add to My Credit Cards Collection in 2012

Anyway, that time they offering 5% for 3 months only. After the 3 months (early January 2012), I moved my funds elsewhere (if not mistaken OCBC and got another 5% for 3 months). If SCB offering 5% again, then I will bank with them again.

I will be flying off soon, so all of you please check Admiral BoomChaCha Post#2 for latest Fixed Deposit Promos.

This post has been edited by Gen-X: Sep 15 2014, 09:26 PM

If you are new to SCB, then it won't be that fast.

Yah, only RM250K to open SCB PB account, as such many PB customers. At my previous SCB branch, want to withdraw money at the PB counters also got long queue, faster to go general hall where there is hardly any queue.

Anyway, for UOB, it's not RM1M but RM500K AUM to be eligible for Privilege Banking status. But if you want their UOB Privilege Banking Visa Infinite (which is good solely for bragging rights and nothing else since it no longer offer unlimited airport lounge entries plus their overseas conversion rate higher than Maybank's credit card), then you need AUM RM1M. Want to see the "useless" UOB Privilege Banking Visa Infinite with the Exclusive P Logo, click here to My Credit Cards Collection 2014.

This is OT, but I guess I should share with you guys if you have a AmBank, CIMB or RHB credit cards. I was informed since last Friday there have been a surge of fake calls with Caller ID Spoofing telling card holders they have outstanding balances and I was one of them. Click here to my Facebook Page where I warned others.

Bro, I don't know how to sell things, only burn money and buy stuff But, what you said about selling the TV can increase the effective interest rate, hahaha.

Hi guys, I'm back. And as usual, the first thing I do is update my FD Page to assist you in earning more MONEY!

Like I mentioned back in September at my Facebook Page, SCB was the first commercial bank to offer 4% Straight Forward Pure FD Promotion and we can expect more banks to follow.

And I got good news for you! Two more commercial banks are offering pure FD promotions which are better than SCB current 4% 12 months FD.

1. Alliance Bank is offering 4% for their FD Gold 12 Months Tenure. The Alliance Bank FD Gold credit the interest monthly into a CASA account. Therefore, with the interest credited monthly, you actually earn effective interest rate of more than 4%

2. UOB is offering more than 4% for their 12 Months Pure Straight Forward Fixed Deposit Promo. I.e. NO Stupid CASA Requirement or Bull Shit Step Up Rates or need to have a CASA account for interest to be credited into. Also check out their 3 months FD Rate and you'll be surprised!

With the 3 banks 12 Months FD promos mentioned above, i.e. Alliance Bank, Standard Chartered Bank and UOB, other banks FD Promos (e.g. HLB and OCBC) does not look attractive.

UOB 3 months Pure FD Promo is even better than the hassle OCBC 4.5% 3 Months Savings Deal where you need to deposit equal amount into CASA.

Once again, to start earning more money with your funds, click here to my Fixed Deposit Page at my blog to see more FD Promos and read my comments. Also, I have updated post No.1.

Bro, thanks and it's great to be back home.

Thanks Bro. And I guess you did not read carefully what I posted earlier - I mentioned I have updated Post #1 and if you have checked you will note that I am reported UOB 3 and 12 Months FD interest rates in Post #1.

Bro, if the extra % is worthwhile, no choice but got to wait. Previously when UOB "converted" to new account numbering system, many also had to wait for hours but I guess this is no longer the case. Having said that, sometime I also have to wait for close to an hour before I am served at UOB Privilege Banking counters because there is just too many people.

Usually foreign banks require more info and require us to sign numerous forms. I can tell you if you are new to Citibank, it can also take more than an hour just to sign up for a new account. From my experience, best time to go to the banks is after 3pm where there will be less people.

Bro, unlike you, I don't place FD with non-commercial banks, therefore, I receive the FD cert on the spot (or a piece of useless paper confirming the FD for Statement based accounts) and no need cheque to be cleared Having said this, bbgoat said that not the case for HLB Islamic, but then again Islamic products are not Fixed Deposit. For Deposit Deposit with commercial banks, no need cheque to be cleared if one place it during banking hours.

Bro, talking about FD effective date. HLB, OCBC and UOB can even back date for me FD placements (e.g. my FD mature but I was overseas and requested for new FD Promo rate or else I be stuck at Board Rates) as long as they have HQ approval.

I was not aware munkeyflo is now Mod. Who kampung?

Congrats munkeyflo, I better be nice to you from now on so that I won't be nuked, hahaha

Above is my quote right? How come you did not quote it?

Anyway, UOB is known to revise their rates without any prior warning. So, call UOB or just visit Post#1 and Post#2 when your funds are ready to be placed in FD.

Bro, firstly, I wanna thank you for letting me know you appreciate my "hard work" at my blog

Secondly, life has its up and down moments but for now I tend to agree it's wonderful. Most of you guys here are placing new FDs periodically. I, on the other hand, is withdrawing my FDs periodically and getting poorer by the day And if you had read my previous article, My Pride and Joy Who Also Makes Me Poorer By The Day, I have said that I will now be cashless sooner that I have expected.

As for the FDs being back dated, I learned this from an aunty many years ago. I was at UOB PB Centre and there was this aunty sitting if front of the teller for quite a long time not doing any transaction and kind of holding up the Q. So when it was my time to be served at another counter, I asked the teller what is with the aunty, and I was told that she was waiting for HQ to approve her appeal for her matured FD to be 1. given the promo rate and 2. back dated to the date it matured. So, from then onwards, I learned to be thick skin and request for stuff. However, it is not often that my request are approved but if my FD matured like for 2 or 3 days only plus I offer them some sweetener (e.g. I promise to place X amount or I have another FD due soon), then it is easier for it to get HQ approval. And it also depends on my relationship with my RM or Bank Manager because if they are not willing to call/email HQ, then there's no way it can be back dated.

As for UOB, since last month, I don't even need fresh fund, they are willing to give me whatever promo rate they are offering for my matured FD on the spot without needing HQ approval. Banks are now competing for our funds and I guess UOB is on aggressive mode as they are offering straight forward FD at 3.5% and 4.05% for 3 and 12 months respectively. Next time you go to the bank, ask the teller what is their current monthly target quota for deposits and you'll be shocked!

Frequent Flyer = probability of getting killed in air higher too, hahahaha.

And since you took the trouble to thank me and letting me know you appreciate my work, I have decided to include in my up coming article on how you may just find yourself richer (up to several thousands Ringgit) by placing a 3 month FD with a certain bank.

Sis, sorry left out in Post#1, as usual UOB minimum fresh fund RM10K only. Have included this info in Post#1/

Bro, yes my son obtained his Bachelors and Masters degrees from US but he's doing the M.D. in Australia. I guess I did not emphasize this but just mentioned about Australia Unis one by one are converting their MBBS program to MD. But, you are right, either US or Oz, both will cost me a bomb resulting in less and less money in FD .

With petrol price just increased and GST around the corner, and people complaining like hell, I guess BNM might as well raise the OPR too and burden those with loans

2 reasons

FREE Coffee and FREE For Life Credit Cards


Bro, for OCBC Bank Premier Banking, my RM fills the form(s) but I have to personally go to the cashier to deposit cheque or cash. It's also the same for my other PB, i.e. Alliance, HLB, SCB, RHB and UOB, where I need to go to the dedicated PB tellers/cashiers. But like munkeyflo said, for general transaction, i.e deposit and withdrawal, we can just go to the tellers at general baking hall. However for OCBC and Citibank if we do not want to see our RM, we still need to go through a Personal Banker in the general hall even if we want to just deposit/withdraw FD with the tellers.

And why close PB with OCBC? OCBC PB no penalty fees whatsoever or need to maintain minimum AUM.

Each bank will assign you only one RM (Relationship Manager) for Premier/Privilege/Priority Banking at any one time. And my RM with OCBC, UOB, HLB and Alliance keep changing. Only the RHB RM is the same since the day I signed up for Premier Banking.


Any bank staff that have clearance to check your account can see where you live (i.e. your address is in their system). Some RMs are really helpful and are willing to drop by your place to collect cheque but it's not in their scope of work.

OCBC used to have a team of mobile bankers that caters to yuppies where they will go and meet you, don't know if this team is still around.

Now, do you guys know that UOB Privilege Banking will sent a BMW 5 series to your house to pick you up if you are purchasing their investment products. I am not kidding.

This post has been edited by Gen-X: Oct 13 2014, 07:07 PM

can someone please translated it

I can figure out AMBank and SCB offers only

This post has been edited by Gen-X: Oct 13 2014, 06:26 PM

I can also identify Public Bank . What I want to known is does the table shows effective rate. If the interest rates shown did not take into consideration of CASA requirement, then it's misleading.

I don't buy structured investment products from banks, so I will never have the opportunity to driven around in a UOB PB BMW, haha.


AS for the table, No.5 Public Bank.

If No.2 is HLB, then it is really irresponsible of them to publish the table as it mislead their readers by showing 4% for 15 months which is not the case once CASA requirement is taken into consideration.

No.3 Allianz the insurance company? Not Alliance Bank that's for sure.



This post has been edited by Gen-X: Oct 13 2014, 07:14 PM

Bro you are right, it's 3.68% and not 3.65%. Therefore I must be wrong, i.e. No.5 can't be Public Bank.

Bro, list the banks lah, top to bottom.

And thanks to aeiou228, we get to play a guessing game related to FD, hahaha.

This post has been edited by Gen-X: Oct 13 2014, 08:08 PM

hahaha, you don't have to quote the entire post, "cut" lah the section not applicable to what you are replying.

And thank you too for letting me know you appreciate my "hard"work" published at my blog And since you do read my blog, just bookmark the Fixed Deposit page and check out current FD Promos before you place any FD. And since you follow my Facebook Page, you will be informed when I'm overseas, that's when you may not need to go check my Fixed Deposit Page but better come here and read post#2 and be bombarded with all kinds of FD promos, hahaha.

Bro, earning several thousands Ringgit by FD depends lah how much the principal and this thread has many loaded people [but some claim to drive Proton (magika and BoomChaCha) and Kancil (bbgoat)]. What I meant earlier is I am going to share how one can earn "extra" several thousand Ringgit by placing a 3 month FD (versus all the current FD promotions listed in Post#1 and 2) with a certain bank. But in order to earn the extra RM1K in 3 months, the Principal sum needs to be minimum RM300K.

Bro, the 4% upfront is good! Updated Post#1.

And usually Maybank promos are applicable to non-individuals too but it may end earlier if quota is met.

bbgoat - your MBB contact useless lah, never inform what MGM reported

This post has been edited by Gen-X: Oct 13 2014, 11:52 PM