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?

Check first page. Already listed there.

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

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

For those that put FD into 5 years, it should be money that they do not need to touch i.e. excess funds that is beyond emergency fund's need. The person should also already have a spread of 1 year to 3 years FD. Though we never know what we really need until the time comes. 

Only for those people like Ah Boom and big Magician ?? Need to lure out Ah Boom, so quiet nowadays !   

I do not have 5 years FD now, longest is 3 years. But is eyeing for one except not sure which bank to put ? 

What does FD kakis think about this article : https://www.imoney.my/articles/make-more-mo...Deposit-Account

Granted that the money will be locked in for 5 years but it looks logical, especially for any banks (not necessarily BSN) that offer such high interest rate for long tenure. If hunting for priority banking, just dump in the money for the required priority banking and you can enjoy higher returns + PB privileges....... 

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.

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.

I thought BSN gives half yearly interest, No ??
If compound half yearly interest, it's approx 5% total compound interest over 5 years. EIR remain at 4.5% p.a.

I dun think so. In the article it illustrates only simple 4.5% is given.

If they really give half yearly interest, it would be very good for this deal!

Anyway i really doubt if they do...banks are not stupid...

I dun think so. In the article it illustrates only simple 4.5% is given.

If they really give half yearly interest, it would be very good for this deal!

Anyway i really doubt if they do...banks are not stupid...

anyone went BSN to clarify this? I office time cant do so

FD Merdeka 3+3+3 [ MBB | T&Cs ]

Grow your returns this Merdeka with minimum deposit of RM10,000 for Individual or RM25,000 for SME/Business Banking customers in a single certificate on our 3+3+3 months Fixed Deposit.

Offer is open to Maybank customers. Applicable for fresh fund placements made over the counter only at any Maybank branch in Malaysia. The campaign is valid from now till 26th August 2015 or upon reaching the overall limit, whichever is earlier.

1st 3 Months @ 3.50% p.a. >> next 3 Months (1st Rollover) @ 4.00% p.a. >> next 3 Months (2nd Rollover) @ 4.70% p.a.

Campaign Effective Rates @ 4.07% p.a.

Today went to Maybank to renew my FD. They still have the 3 + 3 + 3 (3.5%/4.00%/4.7%) effective rate of 4.07% available. I took up the conventional FD but after 30 minutes wait came back with Islamic FD as they told me that the conventional FD quota have been all taken. Ask them any difference and they told me that you can know your interest earn before mature. That doesn't sounds any different to me as long as you hold it until maturity. On the certificate it says the profit rate is 3.3% but at the back with a print out stated 3.5%. Very confusing... When I enquire about the maturity instruction, they said its auto renewal. I ask them is it possible upon maturity direct credit to my saving account at Maybank and they told me its not possible because the system won't allow and they will send me a cheque from KL instead as I am currently residing in Sabah. Really disappointed with their system.

In fact, u can call them to enquire
http://www.mybsn.com.my/content.xhtml?contentId=223

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.