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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.

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

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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%

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



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



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

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



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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

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.

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

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!

Bro, 4.38% Effective Interest Rate or as per their current promo 4.38% for the 3rd roll over - refer post#1.

Bro, in the previous FD threads (couple years ago), it has been discussed/pointed out that ALL Islamic Product Dividends including BR "Term Deposit" are not guaranteed since it is based on "Profit Sharing" and one member even said that a BR officer informed her (I think she was girl) that the dividend rate can go down.

Unless a product is termed as Fixed Deposit, nothing is guaranteed Then again not really correct - only up to RM250K of our money is "guaranteed"/insured by PIDM with a particular bank.

That's why Public Bank current Step Up promos are called Term Deposit and not Fixed Deposit since they are based on Islamic Banking Principles and as such they can lower or increase the "interest rate" based on OPR.

Once again, for Islamic Products, there is no such thing as Fixed Interest Rate and that's BR's official reason why carpet man got 0% loan. Your money already used to give to carpet man at 0% interest, sure lah BR not making profit and that's why you getting less dividend, hahahahaha.

This post has been edited by Gen-X: Jun 20 2015, 12:48 AM

Bro, I am very well aware of the above as you have mentioned or shown us the above in previous thread.

Like I said, one member did say that a BR officer told her the rate is not guaranteed. Islamic Banking Products dividend are based on Syariah Principles and as such there is no such thing as guaranteed % interest rate, applies not only to BR but other commercial banks too. Go ask your OCBC RM on Islamic Term deposit and she/her will answer that "OCBC have been paying dividend as quoted for years" BUT she/he will never give you a letter from the bank that guarantees you will get the dividend (x% interest rate) stated in the Term Deposit receipt.

And, it has been proven in your case that above is true.

On the contrary, carpet man and gold fiasco and stricter PL approvals should have effect on BR.

Anyway, BR only reduced your dividend rate marginally, still high overall

However, don't you find it odd that BR can still offer relatively higher Promo dividend rate to attract new depositors and even invite bbgoat for FREE makan BUT at the same time "cheat" (you have paper stating you are guaranteed the dividend quoted) you (a long term depositor) by giving you lower dividend rate. If you ask me, they short of cash.

you are exactly correct - and Bro, like any other pyramid scheme, part of your "new deposits" besides paying for BoomChaCha's dividend will be used to entice others (by using your money to pay for stuff to give to others as free gift) to join in the fantastic run. The moment we have an Economy Collapse and NPL (from PLs which have no physical collateral) sky rocket, the party stops.

This post has been edited by Gen-X: Jun 20 2015, 10:55 AM

Bro, above not correct. For non-Islamic Term Deposits (e.g. Citibank), the interest rate IS guaranteed. Many banks now call their FD TD.

Point is - one must know the terms and conditions of a product before depositing.

This post has been edited by Gen-X: Jun 20 2015, 05:36 PM

Thank you for the above details

And since you do seem like you are well verse in Islamic Banking FD - one question, in the even I place an Islamic Banking TD/FD and I die before it mature, would the money in the Islamic Banking TD/FD be subjected to Syariah Law in terms of how it will be distributed?

Besides HSBC, Citibank also takes up lots of one's time when opening account for the very first time.

We have mentioned many times before it previous threads that one has to consider time (plus petrol and and stress in finding a parking spot if applicable) which I also mentioned in my article Earn More FREE Money with The Right Fixed Deposit.

As far as I'm concerned, HSBC promos is really a waste of time as they only offer special promo rate to NEW customer and for 3 months TD deposit only. And once you become an existing customer - you will never be offered any more TD Promo (so far for the last 5 years that I know off) and you have to maintain minimum AUM or else you'll be imposed penalty. And HSBC TD board rates are amongst the lowest in Malaysia. So then got hassle to go terminate the account after Promo ends. Having said that, if you have RM1M and got nothing better to do, then getting the extra interest for 3 months may be worth while.

Most of the regulars here that chase after FD really got nothing better to do but go waste time seeing leng luis (for the ladies leng chais) at the banks, hahahaha.

Bro, not taking a swipe but it's a fact (i.e. nothing better to do but go chase after FD Promos).

I know of a old couple who goes to Alliance Bank PB lounge everday (working days) to read the papers and have FREE coffee!!!

Bring GFs to PB lounge good idea, get to give GF impression that one is loaded plus nice environment for dating with FREE coffee (if at UOB got lady to serve fresh brew coffee plus biscuits), hahaha.

This post has been edited by Gen-X: Jun 24 2015, 05:13 PM

Maybe you should look at it from another angle, if you did not calculate and assumed BR would pay you as promised, you would have been cheated.

And not first time BR have not paid you what they promised, previously you had to ask them to pay you the monthly dividend right?

Seriously Bro, if it was me I would be pissed off me time and would not give them any business..... then again I would never put my money in BR anyway, hahaha.

This post has been edited by Gen-X: Jun 26 2015, 12:29 AM

Last few days I was occupied with Maybank's credit card benefits. Today I did go find out what are the Fixed Deposit Promotions being offered by the banks and I'm sad to report that mostly are bundled with Unit Trust (which I won't be bothered to bring to your attention).

I just updated my Fixed Deposit Page and there are not many promos to highlight!

http://generationsxyz.blogspot.com/p/fixed-deposit.html

If you are a HLB PB customer, call your RM as it seems there 12 months step-up FD has been extended.

UOB no longer offers 12 months but 10 months FD Promo!

OCBC on the other hand is still offering up 4.2% for 12 months but with their CMGIA-i.

And to my surprise, Maybank's 5+5 Months Step Up is still available today.

I won't be surprise if UOB revise their Merdeka FD Promos in a week or 2 to include 12 months at 4.2% to be competitive with OCBC.

OT - If you hold a Maybankard 2 Cards, Maybank Visa Signature or Maybank 2 Cards Premier, click here to my Recommendation of Credit Cards 2015 and read my comments.

The Affin's Promo not mentioned by me does not mean it is no longer being offered. Most of the time I only mention straight forward FD promos up to 12 months unless the offer is super fantastic. You will also note I don't promote MBSB promos. I also don't promote Affin's FD most of the time too... you go read the terms and conditions again and double check when the interest is paid, i.e. semi-annually for at maturity.

Please lah don't speak on my behalf, who says I don't promote Affin or KFH - if they got straight forward FD up to 12 months I do highlight. As for Affin, I have mentioned many times before in my blog - those who do not have the time to go chase after FD Promos, their 12 months board rate is really good.

As for KFH, did I mentioned before they exiting Malaysia?

As for MBSB, if one knows the history of MBSB in 2008-2009, they will be afraid to deposit a single sen with them

This post has been edited by Gen-X: Jul 3 2015, 06:38 PM

I don't think it was mentioned in LYN. The point is when one invest or deposit one's money with a financial institution, one should go do some homework. Same like playing stock, one should not go invest blindly but study about the company and who are the directors (back ground). Having said this, as long as you deposit up to RM250K that is covered by PIDM, your risk kind of minimal.

You are too young and have yet to see financial institution collapse during recession. And I can tell you the next one coming won't be pleasant. You want to see how bad things can be, go see Greece where it was once upon a time a very prosperous country.

This post has been edited by Gen-X: Jul 3 2015, 08:32 PM

Bro, you really blur lah, Greece government got no cash that's why they are being bullied by the other EU nations.

I also want to know

Yeah you are right Bro, maybe that's why our ancestors hide their money under the mattress

Bro, we were talking about recession... if one got cash, one can accumulate lots of assets at "low" prices. As for Greece, what they are facing now is worst than depression, like you said, got "cash" being so called stored electronically or on paper with a bank (but bank's vault empty) and they are only allowed to withdraw very minimal amount per day. So basically, they have no cash in hand.

RM1.2B/RM250K = 4800 accounts!!!!

Holy cow, if Maybank really go under, habis lah aku. I think I will change all my cash to physical gold and go bury it somewhere, haha.

This post has been edited by Gen-X: Jul 5 2015, 11:56 AM