Hi all,

Anybody knows what's the best 1 month fixed deposit rates available?
Was wondering what's Ambank rate since they do open  on certain Sundays. Thanks

Hey guys, I went thru RHB and Affin Bank website today and i cant seems to find the FD rate which 4%++ as recommended by all sifu here. It shows only 3.5%++ maximum. Shall I visit the bank itself to acquire the latest interest rate? Or the website given rate is the official one?

Ramjade,
Thanks for your reply but 1st page is not updated anymore as BoomChaCha is busy, plus I'm talking about 1 month and not 1 year. For 1 month, its seldom put in 1st page. Perhaps I missed out something. If so, pls let me know. Thanks

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)

Ramjade,
Thanks for your reply but 1st page is not updated anymore as BoomChaCha is busy, plus I'm talking about 1 month FD and not 1 year. For 1 month, its seldom put in 1st page except for Bank Rakyat. Perhaps I missed out something. If so, pls let me know. Thanks

Not really good deal. The effective rate is less than 4.2%. How do i get this?

If you put RM100,000 to BSN 4.5% pa, after 5 years you get RM122,500

However if you compound the interest for RM100,000 at 4.2% for 5 years, you get RM122,839

Banks should offer at least 5% pa for 5 years FD, imho.

tomorrow i am going Affin Bank to place my FD around 200k. Hope i can get the rate u given. Is there anything free gift i can request? Any term and condition i need to fulfill for that kinda interest rate? TQ

The min of 1 month FD is same across almost all banks, aka RM5k.

What is the best Foreign Currency FD rate in Malaysia currently?

It is true that most banks' min deposit requirement for 1 month FD is 5k. However, there are some banks which only require 1k for 1 month FD. They are: -

i) AmBank Islamic
ii) RHB Islamic
iii) BSN
iv) Bank Islam
v) Al-Rajhi Bank

yes you can, and minimum is 1k, thats new to me

for maybank efd, yes you can transfer the fund back to savings account upon maturity.

even the interest also can do that: transfer to saving account, or accumulate back to principal fund upon renewal.

Can I know what's their rate for 1m eFD?
Thanks.

I was uplifting my children FD as for years been lying there. Time to give it to them.

MBSB Mega Splendid Deals @ 4.50% pa
Min 1k for 18 mths from 1/8 to 31/12/2015
http://www.mbsb.com.my/misc/Flyer-MegaSplendidDeals4.5OL.pdf

MBSB customers and/or its children can apply for MBSB 1 Malaysia Education Fund Programme
http://www.mbsb.com.my/csr_education_fund_programme.html
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So many uncertainties now, better don't lock up cash too long. Crisis is opportunity, be very liquid and wait for bargain to come. Crisis/opportunity don't come very often, 17 looong years waiting man. Don't miss it.

During the late nineties currency crisis, the KLSE CI nose dived to 262points from the high of 1300, stocks were at rock bottom prices, DSL house at Bandar Utama was as low as RM300k down from Rm400k+. Stocks and property are not the only opportunity during crisis, things like businesses, fine jewelry, collected item Swiss made watches etc etc will be at bargain price too. Therefore crisis = opportunity to those who have FD.
I'm not sure if we are going to have the crisis or not but there are already indications pointing to that direction. So my personal strategy is to be as liquid as possible from now on. As liquid as possible means, start adjusting my FD placement term ratio in favor of short term FD. Grab every opportunity that comes along if my gut feel tells me so.

200k is already a bargain

Wow, today RM go beyond RM4 to USD !! Luckily I bought it yesterday but long term still will be big issue.