Hello, I new in FD.. currently planing on 10k FD... which bank should i apply? Thank you in advance...
Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2
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May 15 2015, 03:38 PM
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#1
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Junior Member
201 posts Joined: Feb 2009 |
Hello, I new in FD.. currently planing on 10k FD... which bank should i apply? Thank you in advance...
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May 15 2015, 04:11 PM
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#2
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201 posts Joined: Feb 2009 |
QUOTE(Ramjade @ May 15 2015, 03:48 PM) Refer first page. Find the bank with highest effective interest rates without requirements for one to deposit x% into CASA. Upon maturity, remove your fd and move to another bank. If you stick with current bank, they will give you board rates which are damn low compare to promo rates. Board rates are usually 3.3%. Promo are usually 4.2% Thanks for the fast reply,Just now i search on net and foundCurrent bank with highest interest with pidm is cimb and uob at 4.2%. If you don't want to go to the bank every year, can choose mbsb 4.7% for 5 years. Mbsb have no insurance. Standard Chartered Bank - PLEASE confirm is interest paid semi-annually or upon maturity! For those who are thinking of going with SCB 4.5% for 15 months Saadiq Term Deposit. It is your best interest to confirm prior to placing the Term Deposit when interest will be paid. It is a normal practice for years that for tenures more than 12 months, interest are paid every 6 months. You will need a savings account (if you don't have one with them) for the 6 months interest to be credited. Basic Savings Account with opening deposit RM10 should do. Do not be fooled by their marketing people saying you must open Just One Account and deposit RM1500 in order to qualify for their Term Deposit Promo - ask them to show you where it is stated in the terms and conditions. From http://generationsxyz.blogspot.com/p/fixed-deposit.html is it worth? Thank again for the advice |
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May 15 2015, 04:55 PM
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