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 Fixed Deposit Rates in Malaysia V7, Please Read Post# 1 & 2

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kenloh7
post Nov 5 2014, 03:32 PM

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QUOTE(gsc @ Nov 3 2014, 02:08 PM)
Penang ocbc premier customer 6 month 4% FD. Promotion only in Nov month in conjunction with the new premier center opening. Min 10k
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hi, would like to ask if i need to be a premier customer to be entitled for this FD? How much to open an account there?



And to the rest here, Ive got several questions to ask:
1. Which bank offers the best FD for placement of RM10K, for a period of 1 to 2 years?
2. I have accounts on maybank and ambank. How much it costs if I open a new FD account at a new bank?
3. In the MBB FD I seen, it says 3.94% effective rate over 15months and after that it is renewed for 9 months at prevailing rate of 3.25%. Can I withdraw my FD at the end of 15 month without forfeiting my earlier interest rate? As I dont want the 3.25%.
user posted image

Sorry, I just started working and never had an FD before, and going through this pages seems confusing, so I hope I can get a general answer here.
kenloh7
post Nov 6 2014, 09:38 AM

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QUOTE(bearbear @ Nov 5 2014, 04:18 PM)
1. UOB 4.05% / PBB also similar with their step up promo thought bit more flexibility
2. No cost to open FD acc
3. Yes withdraw after 15 months, that is your tenure and 3.94% is added to the principal. If you leave it to run they will renew at 3.25%.
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Hmm compared to 3.94% of MBB, the UOB is only additional RM14 over the period of 15 months. I think ill go to MBB over UOB, since the nearest UOB is 14km away while maybank is only 2km. Thanks for your info.


QUOTE(gsc @ Nov 5 2014, 11:37 PM)
Ocbc promo 6 months 4% for premier customer only. If not mstaken need Rm300k to be premier customer. I believe there is a specal FD rate for new premier customer.
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thanks!
kenloh7
post Nov 6 2014, 12:04 PM

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QUOTE(bearbear @ Nov 6 2014, 11:52 AM)
Try ask Maybank 4% with interest upfront still valid or not brows.gif
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Read that it's only applicable to customers of its rival bank. And im from maybank so i dont think ill qualify.

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