Previous Threads

Original FD Thread
Fixed Deposit Rates in Malaysia V2
Fixed Deposits Rates in Malaysia V3
Fixed Deposit Rates in Malaysia V4
Fixed Deposits Rates in Malaysia V5
Fixed Deposits Rates in Malaysia V6.1
Fixed Deposit Rates In Malaysia V.7
Fixed Deposit Rates in Malaysia V.8

Note: Until further notice, please refer to Post#3 for current FD Promos compiled BoomChaCha in V.8 -

Notice / Disclaimer:-
Call & Visit the respective banks for confirmation & latest promotion.
We are not liable to any misinformation which might cause any financial or opportunity loss (which include FD rates & any others information).

Malaysia Major Commercial Banks and Foreign Banks Fixed Deposit / Time Deposit Rates as of 18 October 2014.

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)

Fixed / Time Deposit and Savings Account Promotions September and October 2015.
Please call the nearest bank to reconfirm the rates (go to the bank website for bank contact number where you can also get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.

*
Alliance Bank - eTerm Deposit-i Promo until end of August 2015. Contributed by Nauts.

*
AmBank - Merdeka FD Promo. Contributed by cybpsych.




OCBC BANK - FD Promos Valid until 30 November 2015. Contributed by magika.



UOB BANK FD Promos- Minimum Fresh Fund RM10K.
No Stupid CASA Requirements, No Step Up Rubbish and No need to deposit a single sen into Savings or Current Account!

3 Months - 3.85%
5 Months - 4.0%
8 Months - 4.1%
12 Months - 4.2%

*

MAYBANK - 5+5 Months FD Promo until 30 September 2015.



*


PUBLIC BANK - 6+6 Months TD Promo until 30 September 2015.



*

RHB FD Promotions until 31 October 2015. Minimum Fresh Fund RM10K.

3 Months - 3.85%
6 Months - 3.95%
9 Months - 4.10%



*

BANK RAKYAT - NOT Eligible for PIDM

If you are willing to go deposit with a non PIDM member, then check out Bank Rakyat Deposit Account -i which is based on Islamic Principles and like all Islamic banks' products, the profit rate cannot be guaranteed.



Thanks to all members who highlighted that deposit more than RM5K with BR is now eligible for monthly dividend. However, please note that many members here reported that their monthly dividends were not be credited monthly but they have to call up BR staff to have it done manually every month!!!
Special thanks to bbgoat for reporting the tenure to be eligible for monthly dividend:
**
eFD or eTD. Contributed by Nom-el


**



For more Fixed Deposit Promotions and my comments on them, please click here to my FD Page. In my FD Page I also touched on Maybank Q-Cash where you can deposit your money short term ( minimum 1 day up to 29 days or more and earn "interest rate" similar to 1 Months FD's rate.

If you are new to Fixed Deposit or even a serious FD fan, click here to my article Get More FREE MONEY With The Right Fixed Deposit Promotions.

And if you want to know the quickest way get Fresh Fund to be eligible for Fixed Deposit Promotion without even leaving the bank where you are withdrawing your matured FD; click here to my article titled A Little Bit Of This and A Little Bit of That - Vol.1, Chapter IV. In this article I will show you how to be eligible for FD Promo with fresh fund using GIRO plus Current Account with Over Draft Facility (to be on the safe side). And the transfer fee may cost less than what your bank impose for a Banker's Cheque. Updated timetable for GIRO cut off time for same day transfer.

If you want to know more about the pros and cons of Statement Based FD versus Cert Type click here to my article A Little Bit Of This and A Little Bit Of That - Volume 1, Chapter VII. And the flip side of me telling you the pros and cons of Statement Based FD is that I have unintentionally taught an evil person how to con his parent(s) off their hard earned money! Plus why you should have money in FD, lots of it actually; instead of having so many properties which are not liquid and can't assist you to prolong your life. I will tell you how to get funds to pay for the mountain high hospital bills while your liveless body lay in the Intensive Care Unit.

This post has been edited by Gen-X: Sep 13 2015, 09:12 AM

Reserve

Bank Rakyat introduces Xclusive membership card - New added by okuribito on 20 November



Banks that pay interest for non-working days - Last update by ??!! on 22 January 2015
OCBC
Bank Rakyat
UOB
May Bank (Need to remind May bank staff to add interest)
Affin Bank - updated by cybpscyh on 12 Dec 2014
Alliance Bank - updated by ??!! on 22 January 2015
Kuwait Finance House - updated by ??!! on 22 January 2015

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)


New IBG Transfer Timing - Updated by gchowyh on 16 December 2014



Old IBG Transfer Timing



List Of Banks With Survivorship Clause - Updated by magika on 16 November 2014
1. OCBC
2. RHB
3. Alliance
4. Ambank
5. Cimb
6. Hlb
7. Affin
8. MBB


A simple FD calculator to help you - by Human Nature on 13 January 2015
http://www.miniwebtool.com/fixed-deposit-calculator/

Thanks so much to below Contributors:
cherroy
Gen-X
munkeyflo
McFD2R - 4 contributions (Last update: 20 January 2015)
pinpinmiao - 2 contributions
gsc - 11 contributions (Last update: 5 June 2015)
cybpscyh - 31 contributions (Last update: 4 June 2015)
kingofong
FDInvestor - 2 contributions
michaelho - 5 contributions (Last update: 21 April 2015)
wil-i-am - 3 contributions (Last update: 25 May 2015)
X_hunter
HJebat
guy3288 - 2 contributions (Last update: 13 February 2015)
bbgoat - 23 contributions (Last update: 3 June 2015)
giko - 4 contributions
nsx88
raptar_eric - 2 contributions
sylille
harmonics3 - 3 contributions (Last update: 20 January 2015)
xcxa23
RO Player - 3 contributions
Styrroyds
yklooi - 2 contributions
haur
netbuzzchin
nomen
Human Nature
MGM
kinabalu
kwokwah
bearbear
gchowyh - 2 contributions
AVFAN
wr6969
kimmo88
cklimm - 11 contributions (Last update: 3 June 2015)
Lineage
dEviLs - 8 contributions (Last update: 18 March 2015)
Mansamune - 4 contributions
robert82
dagdag1 - 2 contributions (Last update:11 May 2015)
Ramjade - 2 contributions (Last update:26 May 2015)
leo_kiatez
okuribito - 3 contributions
magika - 2 contributions
byshierly
BartS
hcolin
almeizer
munnie
kyenli
Bonescythe - 3 contributions (Last update: 29 May 2015)
??!! (Last Update: 22 January 2015)
muncee (Last Update: 22 January 2015)
adele123 - 3 contributions (Last Update: 11 June 2015)
cj7lee (Last Update: 14 February 2015)
pisces88 (Last Update: 17 February 2015)
eddie2020 (Last Update: 3 March 2015)
zenquix (Last Update: 12 March 2015)
ftan (Last Update: 15 March 2015)
kykit (Last Update: 17 April 2015)
Bonescythe (Last Update: 17 April 2015)
iamkid (Last Update: 17 April 2015)
Dkck (Last Update: 21 April 2015)
familyfirst (Last Update: 21 April 2015)
smas (Last update: 8 May 2015)
Kelv (Last update: 27 May 2015)

This post has been edited by BoomChaCha: Oct 2 2015, 09:20 PM

V9

Ah Boom still in with Post 3 !!!

check in V9

So sad uncle Boom time constraint =(

reporting myself in
all hail boss gen-x and ah boom gor

Phew, lucky still got updates of the latest FD rates from BCC!

Well, some gifts are from like BR FD which now even RM25k they still give. Gotten umbrellas, parker pen, hand towel and nail kit previously.
Some gifts are cos of being a Priority Banking customer. eg. BR gave me a glass cup with cover when they launched PB.

Checking in V9

Mum just put 30k in HSBC 5% FD syukurlah

BR also invite customers for lunch for Raya, high tea in hotels, hampers for CNY etc. Public relation quite good in a way.

This post has been edited by bbgoat: Jun 9 2015, 01:29 PM

In RHB this morning. Met the branch manager. He said OPR likely going down next qtr. That view echoed by more and more people nowadays.

Need to go for longer term FD.

how long the FD term?

3 months for 5%.
Min 5k max 30k
so those rich ones can open as many accounts as they want to benefit fully from this promo

Should be 3 mths FD that Ah Boom has pulled gf's to put in the FD's.

okay. thanks..

5% quite high

Ya, pull out after 3 months. Then have to close the Advance acct to avoid monthly charges !

Only for new customer for HSBC.

If I transfer Funds from HSBC Amanah, is tis consider new?

As long as you have any account with HSBC, you are not qualified.

Well if interest goes down, that is bad choice as one only gets high interest for the first 3 months. After that one gets lower interest than lock in for 12-15 months.

I rather lock in at higher rates for longer time than at higher rates for shorter time

i am happy with the HSBC free coffee, i will keep the 30k there after 3 months. Who needs Starbucks when you have HSBC?

Will manually close down the accounts like what you advised after 3 months

Then turn to Affin Bank 15 months 4.33% FD

Just called BR branch to follow-up my lowered FD interest rate issue:

Me: Boleh saya cakap dengan xxx?
BR: xxx sekarang rehat..

Rehat...? BR provides recess for their employees..?

I did the same..

Affin Bank 15 months 4.33% FD - dont need to open any other savings account right?
going to move fd from hsbc with bad rates elsewhere

What happen after 3 months? If opr drops, the other fd bank promo will drop.

You need to open an Affin saving account to let the FD principal + FD interest to be
deposited to your saving account upon FD maturity.

It looks like opr will drop. Affin t&c said that their rates will drop according to opr

Where is the T&C stated this..?

See the last sentence

The last sentence is quite misleading...


I will go to Affin Bank to get confirm about it when I have time..

Good. Hope to hear from you. But based from forum members opinion, they said the promo rates is based on opr interest. So if opr decrease, promo rates will either remain the same or decrease.

I do not think so.

In version 8, a forum member mentioned that because this Promo duration is very long (valid until end of the year),
so this 4.33% will change based on OPR; but for those who already placed the FD, the original FD rate will not change
regardless of the OPR change. I more agree to what he said about this.

In fact, I already called 2 Affin branches about this issue, they all said that FD rate would not be changed
after we placed the FD.

Anyway, I will grab this flyer to ask Affin Bank face to face about this issue, then I will get back to you..

This post has been edited by BoomChaCha: Jun 9 2015, 04:16 PM

There is no such clause in the FD cert

That's what I meant.


That is just my opinion. I could be wrong

This post has been edited by Ramjade: Jun 9 2015, 04:28 PM

All of you have to honor the FD rate printed on the FD cert,
otherwise I will suspend your bank license..

Yes, this is what I mean, but I will go to double confirm with Affin..

provided the bank revise the rate. if they still honor existing promo rate regardless of OPR change, then no difference.

if bank suddenly itchy/kancheong due to OPR change, they could revise the promo rate overnight, hence the clause is to protect them, and as a little disclaimer for customers to be aware of (their intention to revise without prior notice).

Yes, 100% agree..

I also planning to do FD..currently how much HSBC FD rate ? The ocbc of offer 4.4%

It is every country central bank monetary policy to use the interest rate to expand or contract the money supply in the market. In general when there is too much money in the market and causing demand pull inflation, central bank willl increase the interest rate to reduce too much money in the economy to counter the inflation. Central bank will do the opposite of reducing interest rate when too little money in the market to encourage spending. Firms will invest in capital goods when cost of borrowing is low.

With the GST impact, the inflation rate will go up eventually. And this will lead to cost push inflation. With depreciation of ringgit, cost of import of finished goods will be high but it will help our export provided that our raw materials or compoents are not imported from overseas. GST impact, inflation, exchange rate effects will determine will BNM move up or down the OPR. If market economy is contracting, BNM may continue with its OPR to monitor the market.

Proton first quarter sales was dropped by 50% and this and other leading indicators do reflect accurately Malaysia economy in the next 6 months, BNM most likely hold its OPR and may decrease OPR to stimulate local economy.

Externalwise, US economy is starting to recover with its QE policy and FED may start to raise the interest rate in the second half. This will make the money flowing into the US and BNM has to look into ways to minimize the outflow by raising the interest rate.

Another way, government can stmulate the economy is by increasing government spending on infrastrucure projects etc. To finance all these government spending, foreign debt will go up and worsen by weak RM. Thereby pushing further down the Malaysia economy.

if 1MDB issue is real, international credit rating on Malaysia will be bad and it will impact further the economy.

My opinion is BNM will hold its OPR and only response base on domestic and global economy. As usual, the prudent and slow approach. My guess is OPR may reduce if domestic economy is shrinking. The banks promotion rate is 4% per year will be countered by 3% inflation. The real interest is only 1%. The weak exchange rate will make the actual worth even smaller.
The best thing is not placing FD in the bank but may be invest in overseas property hoping for currency and capital gain. Nobody has the crystal ball to tell the future.

This post has been edited by gsc: Jun 10 2015, 02:34 AM

5% p.a for 3 months

OCBC has 4.4%? Please share details.

https://www.ocbc.com.my/personal-banking/ac...=2015q2campaign

It is 4%/4.4% for 180/180 days. Effective rate of 4.2x% for 360 days.

wanted to do public bank step up 4.21% pa mayb by tomolo. any comment?

i have placed one in april and another one this afternoon..
you might need to open a new account with you dont have one with pbb islamic..

dat was under islamic pbb? i already hav deposit acc wit public bank though

yes its under islamic..so you will need to open another fd account then

wtf?? zzzzz.

Diana from Ringgit Plus said the Dyson Fan is finished under the UOB promotion, only Huawei tablet left.

yeah, based on the T&Cs, only "up to" 100 units allocated for the Dyson fan.

A Message from Top Cat RO Player:

- Placed 1 year FD at 4.25% in BR with existing fund and also received the followings:
(1) Monthly interest
(2) Parker Pen (pen now no more BR logo embossed but plastic sticker )



This post has been edited by BoomChaCha: Jun 11 2015, 03:51 AM

he no scxxx meh?

affin offer 8.88%.(the 15th moonth)

sorry wanna ask what different between Banks that pay interest for non-working days and Banks that pay interest for working days that stated at page 1?

BoomChaCha

the OCBC tnc link you attached is broken with regards to the tnc for their fresh deals. https://www.ocbc.com.my/assets/pdf/Accounts...5Q2_general.pdf

Bro, say your FD mature on a Saturday and you only can go withdraw it on Monday - some banks will pay you interest for Saturday and Sunday whereas some don't.

But if you auto renew, then it is of no significant.

I see, so that's just 1 or 2 days of different of interest paid if the mature date on weekend... didn't make much different then.

I would like to pledge a FD with those bank giving more than 4.2%, anyone know which bank or branch that open on weekend and able to Pledge fresh fund FD services? So far I know some of the shopping mall branch can't place FD during weekend

Bro, you mean place/deposit FD right - you can withdraw the FD anytime (penalties apply). If you pledge FD, it is like a collateral for some sort of loan/credit and there is some hassle if you want to withdraw the FD in the event of an emergency.

As for the 1 or 2 days, it is a matter of principle and why would you want to be cheated?

This post has been edited by Gen-X: Jun 11 2015, 10:38 AM

Yea correct, I just want to place a FD, don't want any loan/credit. Any recommendation?

Read post 1, 2, 3

This post has been edited by Ramjade: Jun 11 2015, 11:51 AM

Ha ha
In this case, I will have 2 more years to scare ..

Oh...
OK... I have updated this OCBC link on Post #3..

Thank you so much....

Those of us with BR will be scaxxd ??

High Magician TM phrase: "U no scaxx meh" ......hehehe

why i cant find this ?
Hot FD Promo Rates
(1) HSBC 5% for 3 Months, valid until 30 June 2015

thanks

it was shared in previous v8 topic.

Ya loh...

Not to say that not scare at all, scare a bit lah..




Please be aware that if FD deposit is less than RM 30K, a management fee
RM 10.00 will charge each month.

A minimum RM 5.00 is required to open an Advance current account, it is refundable
when you close the current account.

The FD can only be effective after your banker's check is cleared.
You can only withdraw this HSBC FD on the next working day of FD maturity day.
So, we will lose at least 3 days interest, unless if we bring cash then will only lose one day interest.

Maybe a free umbrella is still available, just ask for it..if umbrella is no more available, then ask for other gifts
that HSBC has..

You can use this method if you want to place more than RM 30K since the maximum limit is RM 30K per name.
Let's say if you want to place RM 90K:
(1) A for RM 30K for first RM 30K
(2) B for 30K for 2nd RM 30K
(3) A + B (Joint account) for third RM 30K
Total RM 90K + RM 5 x open 3 Advance current accounts = RM 90015.00

And you will get 2 free umbrella..

This post has been edited by BoomChaCha: Jun 11 2015, 02:31 PM

Have reduced my eggs there already and keeping portions for monthly makan makan.

I tot u have brought in aunties & gf to put in even more FD in HSBC ?

This post has been edited by bbgoat: Jun 11 2015, 02:32 PM

2 days ago, the BR officer said in order to solve my lowered interest rate by 0.10% issue, the BR officer
suggested me to withdraw my 5 years FD (2 more years to go), then use the money to place another
new FD for 1 year at 4.25%....!!!
I cannot imagine how stupid is this BR staff...

Why must be aunties & gf leh..??
Uncle & bf cannot meh..?

Ramjade, in the previous thread, you mentioned Banana Money, well, I don't think our Ringgit will worthless anytime soon unless there is a WWIII.

Having said the above, during Global Peace time in 1997/98, USD/MYR was about 3.5 in mid 1997 and by early 1998, it weakened to USA/MYR 4.71. And in 1998, we could get FD interest rates above 14%. It was during this time we had TDM versus DSAI.

Fast forward to current time, we now have TDM versus DSNR - click here to see Pokemon fight - damn funny). In addition 1MDB, we are told today we have Pembinaan PFI And IMHO, our currency is depreciating like no tomorrow is because of people (many here including GLCs) who have and will continue to "convert" their Ringgit to foreign currencies- by means of DCI, converting cash (go see money changer queue at MidValley) and buying properties in London (including Felda and EPF), Canada and Australia (for the past 2 years on any week, on average I get 1 or 2 SMS from agents selling properties overseas, last few months 3 SMS a week! - which means there is a big market for it here).

So, if history repeat itself, soon all of us here would be very happy because we can get 14% interest rates for our FD, hahaha.

And if you have yet to go get a Rolex, better go get one now, hahaha. Click here to read my article on Rolex. Bought my Rolex Stainless Steel GMT for about RM10K 20 years ago, similar model today RM30K (3X), so assume that it increases at the same rate, in 20 years, a Stainless Steel Rolex GMT would cost close to RM100K! I guess it this happens, I would agree our Ringgit as good as Banana Money!

BR loves you .....................

I must be the lucky ones, only good times with BR so far.

Oh, I am sorry, must have mis-read you ..............

This post has been edited by bbgoat: Jun 11 2015, 02:54 PM

hahaha

14%

hahaha

wow dont think i live the day of 14% again....huhuuh...the last round my mom was laughing her head off....
but shd we be all that happy? I cannot imagine how are the people going to pay their housing loan(SSSS)...

14% interest rates for FD

die la those with loan

1mdb will burst faster with tat rate

Everything will burst lah especially property market.... except FD depositors like us... Yeah..

Ur bank acc will burst fast also ?
burst with a lot of 000000

Base on 72 rule..
it takes u 7.2 years to x 2 your capital at a rate of 10% per annum

It is Okay..no need to say sorry lah, Ah Sir....

Minister: Malaysian ringgit could plunge to 1998 levels if 1MDB debt unpaid - See more at:

http://www.themalaymailonline.com/malaysia...h.3j6Uyl8A.dpuf

Happy if interest rate goes up !

Sad if currency goes D O W N esp to USD !!

I am also planning to open this FD promo with HSBC. Thanks for the clear advice. However, I understand that some banks impose a penalty fee for closing account before a certain timeframe. The Advance current account does not have this penalty fee? I presume that we are not obliged to take their cheque book as well?

At Maybank tis morning
There have 2 promotions:-
1. 1 mth @ 3.50% with min RM25k fresh funds
2. 1st 5 mths @ 4.00% n 2nd 5 mths @ 4.08%, effective 4.04% with min RM25k

When Ringgit value depreciate.. then we just need to control spending wisely loh..
No more night club and no more foot massage loh...

Or just like what our Big Magician said, keep our monies in another country like Singapore..

As long as to place minimum and maintain RM 30K FD in one account for 3 months, there is no
penalty fee for Advance current account.

I did not pay for any penalty fee to close my 3 Advance current accounts upon my 3 FDs maturity,
because I put enough RM 30K for each FD account.

No, no obligation to take the check book. For me, I did not take the check book.

My net profit for RM 90K (3 FD accounts) was RM 1135.00, before to deduct a HSBC's banker check fee for RM 5.83 (6% GST applied ).

Don't forget to ask for a free HSBC umbrella, one free umbrella per customer...

This post has been edited by BoomChaCha: Jun 12 2015, 12:05 PM

If interest goes up, can play more CD ?

But currency drop, making me

Oh, Big Magician started to move eggs already ?

This post has been edited by bbgoat: Jun 12 2015, 12:05 PM

CD will become less and less lah since our currency drop.., this is for sure lah..
If not making money, who wants to come here..?

Same thing to foreign workers, Bangladesh will become less and less...

Our Big Magician has this idea, last time he said he wanted to move his money to oversea,
looking at the situation now.. what he said was right lah...

but keep $$ in Singapore bank, the rate is kinda low..

unless u invest like Reits.. the divvy is TE unlike here have 10% tax