Indonesian FD Rates is as high as 7%... and amount is higher can upto 9%...
Fixed Deposit Rates In Malaysia V. No.10, Please Read Post #1 & #2
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 Nov 5 2015, 05:20 PM
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#1
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Junior Member
97 posts Joined: Sep 2010 
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Nov 6 2015, 08:56 AM
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#2
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97 posts Joined: Sep 2010
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QUOTE(wil-i-am @ Nov 5 2015, 10:22 PM) Agreed but u need to factor in the risk of foreign exchange But now... RM is weaker than RP... still making a gain... |
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Nov 6 2015, 08:57 AM
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#3
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97 posts Joined: Sep 2010
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QUOTE(familyfirst @ Nov 6 2015, 07:54 AM) India and Sri Lanka can be up to 15% pa. So my expat Indian and Sri Lankan colleagues earn in SGD and place FD in their home country. Sibeh perfect combination. Exactly... i earn RM but placed in RP... |
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Nov 6 2015, 09:03 AM
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#4
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97 posts Joined: Sep 2010
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QUOTE(wil-i-am @ Nov 6 2015, 08:58 AM) U need to forecast future instead of now in Long term, RP will be strong... I foresee that... Sooner or later Indonesia's economy is stronger than now... |
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Nov 6 2015, 09:29 AM
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#5
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97 posts Joined: Sep 2010
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QUOTE(Ramjade @ Nov 6 2015, 09:23 AM) How's the exchange rate of rm-rp? Flucates like usd-rm? Since last year RM1: Rp3,700... till today is RM1: Rp 3,200... Looks stable for the time being, but will go down some more end of the year or beginning of next to Rp 3,100... I foresee so... |
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Nov 6 2015, 10:30 AM
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#6
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97 posts Joined: Sep 2010
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QUOTE(Ramjade @ Nov 6 2015, 09:32 AM) Few questions No offence... I am stationed in Indonesia, definitely not a problem for your queries 1 and 2 above.1) How do you put FD there? Take a flight there? 2) Do they accept malaysia's cheque? 3) How long do you put? If putting indon FD at 9%, I think a flight there every 2 years to renew is kind of worth it. For no.3, i have a bank which company worked closely with, due to my relationship with them, they offered me 1 year period but no penalty to break in between and interest counted till the day i break... Basically, most of the bank in Indonesia allow Foreigner to have a bank account and also accept foreign currency and eventually converted to Rp... If you have some trusted person here in INdonesia, you can ask them to place FD for you and you pay he/she Rm and of coz share abit of your interest to your friend as helping in great... |
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