It was introduced few years ago and I have forgotten the name, it was a RM deposit account but the value of the deposit is pegged to the value of the prevailing market price of gold. One can just bank in and withdraw in RM. No physical gold, no safe keeping headache.

Tis product still available
https://www.pbebank.com/Personal-Banking/In...t/Features.aspx

Yes, that's the one. Thank you sir.

There is an informative thread about gold investment in LYN,
gold investment
Have fun

I think Maybank has similar offer....but I prefer the Gold goin which is only available at certain May bank branches...compare to paper or passbook it is riskier but....holding the feel of holding real gold is different..

U need to keep gold coin (if a LOT) in yo hse or safe deposit box

Bro, what's the use of having Gold Deposit products if you can't withdraw from it (physical or cash)? Just saw news headlines - Greece Banks closed until Thursday.

Same thing, bank close put in safe deposit box for what? Like I mentioned earlier - need to bury somewhere..... and myabe do a treasure map attached to will, hahaha.

Maybank - Kijang Coin.

UOB - Maple Leaf and Swiss Pamp - trade-able anywhere on earth.

RHB - 1kg bar, got no idea locally made or what.

Tomie, Poh Kong, Habib and Wah Chan - paying a lot on top of spot rate.

This post has been edited by Gen-X: Jul 7 2015, 04:18 PM

Thanks for the info. I just applied for rhb 4.21%. Purposely open open one account for the interest. Haha.

U can find more info in forum below specially for gold investment.
https://forum.lowyat.net/topic/3350149

Just place the maybank 6+6, the FD cert didn't show next 6 months rate. Only show 4.04 for 1st 6 months

This post has been edited by mamamia: Jul 7 2015, 05:50 PM

Do u need to return FD cert for validation upon expiry?

I didn't ask, but normally when u want to withdraw, u need to bring your certificate to withdraw.

I suppose Maybank need to validate 2nd 6 mths later

For MBB step up, on maturity just bring cert to redeem. My last step up with them, now I remember, all the interest paid on maturity. Unlike RHB and PBB, paid on each step up point.

For PBB, the next step up rate printed on reverse of the FD cert (6+6 mths).

This post has been edited by bbgoat: Jul 7 2015, 07:02 PM

No, no need to. People would be reluctant have to go back to validate for step-up rate.

Just like PBB, RHB worst still, every 3 mth. RHB recent step up last 3 mth, monthly basis !!

This post has been edited by bbgoat: Jul 7 2015, 07:05 PM

today placed the ocbc islamic FD. waiting for roller pen, hope not those cheapo ones.. haha

Hello all, from post no.3, it said that RHB doesn't give interest for non working days, does it mean, their 4.21% per annum, is actually exclude Saturday and Sunday? If yes, then it would be only 3% per annum. 365 days, Saturday's and Sunday no interest, only Monday - Friday got interest? Seriously?

It means if FD maturity falls on Sat/Sun or public holiday, no interest paid.

Oh scare die me lah.....where got bank like that one lol

Approx USD 100 one... Should be nice..