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Original FD Thread
Fixed Deposit Rates in Malaysia v2
Fixed Deposit Rates in Malaysia v3
Fixed Deposit Rates in Malaysia v4
Fixed Deposit Rates in Malaysia v5
Fixed Deposit Rates in Malaysia v6.1
Fixed Deposit Rates in Malaysia v7
Fixed Deposit Rates in Malaysia v8
Fixed Deposit Rates in Malaysia v9
Fixed Deposit Rates in Malaysia v10
Fixed Deposit Rates in Malaysia v11

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 10 October 2015.

Bank	1 month	3 months	6 months	12 months	Remarks
Affin Bank	3.25%	3.3%	3.40%	3.7%
Alliance Bank	3.15%	3.2%	3.25%	3.3%	FD Gold 12 months 3.40% (Interest paid monthly)
AmBank	3.15	3.2%	3.25%	3.35%
Citibank	2.95%	3.10%	3.10%	3.20%
CIMB Bank	3.15%	3.2%	3.25%	3.30%
Hong Leong Bank	2.95%	3.00%	3.10%	3.30%
HSBC Bank	3.00%	3.10%	3.15%	3.30%
Maybank	3.15%	3.20%	3.25%	3.30%
OCBC Bank	2.90%	3.00%	3.05%	3.25%
RHB Bank	3.15%	3.20%	3.25%	3.45%
Public Bank	3.15%	3.20%	3.30%	3.35%	PB Golden 50 Plus 12 months 3.45%
Standard Chartered Bank	2.95%	3.10%	3.15%	3.25%
UOB Bank	3.05%	3.10%	3.10%	3.30%

Fixed / Time Deposit and Savings Account Promotions 2016.
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 FD Promotion. Minimum Fresh Fund RM10K. Valid until 30 June 2016 - Contributed by poor man

12 months - 3.90%p.a.



*
Alliance Bank e-Fixed Deposit/e-Alliance Term Deposit-i. Minimum Fresh Fund RM10K. Valid until 30 June 2016

1 month - 3.40%p.a. - Minimum Fresh Fund RM20K
2 months - 3.60%p.a. - Minimum Fresh Fund RM20K
12 months - 3.90%p.a. - Minimum Fresh Fund RM10K

1 Month & 2 Months T&C | 12 Months T&C



*
Affin Bank FD Promotion. Minimum Fresh Fund RM10K. Earmark RM5K to Savings Account. Valid until August 2016 - Contributed by BoomChaCha

3 months - 3.85% p.a.
6 months - 3.95% p.a.
9 months - 4.00% p.a.
12 months - 4.2% p.a.
13 months - 4.3%p.a.

*
Bangkok Bank. Promo until 30 June 2016.

12 months - 4.35%p.a.



*
CIMB FD Promotion. Minimum Fresh Fund RM10K.

*
Hong Leong Bank. Minimum Fresh Fund RM10K. Promo until 30 June 2016.

3 months - 4.15%p.a.
6 months - 4.25%p.a.

*
Hong Leong Mach FD. Minimum Fresh Fund RM10K. Promo until 30 June 2016.

3 months - 3.90%p.a.
6 months - 4.05%p.a.

*
Hong Leong Bank. Minimum Fresh Fund RM10K. Promo until 31 August 2016.

1/2/3 month(s) - 3.30%p.a.

*
Kuwait Finance House. Minimum Fresh Fund RM10K. Promo until 1 July 2016.

6 months - 4.15%p.a.
12 months - 4.25%p.a.



This post has been edited by Ah SiAnG: Jun 1 2016, 05:30 PM

*
MAYBANK - eFixed Deposit Flexi Campaign. Minimum Fresh Fund RM10K. Valid until 30 June 2016

12 months - 4.31% p.a.

*
MAYBANK - FD/IFD-i Shine 2. Minimum Fresh Fund RM25K. Valid until 3 June 2016

2 months - 3.95% p.a.

FD Shine 2 Terms & Conditions | IFD-i Shine 2 Terms & Conditions



*
MAYBANK. Minimum Fresh Fund RM25K. Valid until 24 June 2016

9 months - 4.22% p.a.

*
OCBC Bank Fixed Deposit Deals. Minimum Fresh Fund RM10K. Valid until 31 August 2016

8 months - 4.10%p.a.
12 months - 4.20%p.a.

*
Public Bank Fixed Deposit. Minimum Fresh Fund RM20K. Valid until 31 July 2016

12 months - 4.30%p.a.

Terms & Conditions (participated prior to 11 November 2015)

Terms & Conditions (participate from 11 November 2015 onwards)



*
Public Bank FD Rush. Minimum Fresh Fund RM10K. Valid until 31 July 2016

4 months - 4.08%p.a.

Terms & Conditions



*
RHB Bank. Valid until 30 June 2016 - Contributed by BoomChaCha

12 Months - 4.25% p.a.

*
UOB Bank. Minimum Fresh Fund RM10K. Valid Until end of July - Contributed by bbgoat

5 Months - 4.0%p.a.
10 Months - 4.15%p.a.
12 Months - 4.25%p.a.

This post has been edited by Ah SiAnG: Jun 1 2016, 05:29 PM

*
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



Contributed by ikanbilis


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



Banks that pay interest for non-working days
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
Kuwait Finance House

Banks that do not pay interest for non-working days(after FD maturity date eg Saturday, Sunday & Public Holidays)
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



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/

v12 by Ah SiAnG, congratulation, good job!

This post has been edited by yygo: Feb 21 2016, 02:59 PM

Awesome for people going to withdraw epf tomorrow

Withdraw epf and place in fd?

Can simply withdraw from epf? I thought can if only buy house or after 70 yrs old?

Thanks Ah Siang for the compilation and all other contributors

support^.^

Just in time

Woot! Congrats on new thread

Thank you for the updates!!!

PB did extend its PB xtra campaign to 30 April for 12 month FD.
https://www.pbebank.com/Annoucements.aspx?qid=272#q272

6 months 4.1%
Next 6 months 4.5%.

Effective 4.3% for 12 months.

You can if you are 55 above. Withdraw all.

Strictly for FD Discussion Only

Agreed, keep unit trust/epf discussions off FD thread

not sure if this had been posted before....
sorry if it is...
Sunday, 21 February 2016 | MYT 4:19 PM

Public Bank launches e-fixed deposit account
PB eFD is a “Go Green” paperless fixed deposit account which allows the customers to create the accounts, make placements and also withdraw online via PBe Online Banking (PBe).
http://www.thestar.com.my/business/investi...eposit-account/

would be nice if TS can add a list of date for monetary policy committee meeting so that we know when interest rates can potentially go up or down.

I'm too lazy to go to BNM website.

I emailed BR about the 4.55% ,24 month FD got monthly interest or not, he did not gimme the answer, may he be missed out.

Does anyone know if that 24month promo FD 4.55% gives monthly interest??

also, 5 yr FD at 4.9-5.2% ilek...

Congrats on new thread!

Happy Chap Gor Mei and million thanks to Ah Siang for all your effort

Wishing everyone a huat year ahead

Actually, currently 1k also can put FD promo in BSN. 1 year 4.5% or 5 years 4.75%. Refer to page 1 for more info. If you want to go for e-FD, can consider Public Bank e-FD promo 3.6% for 1 year.

I think UT is much riskier. If you can tolerate the risk, fine. A lower risk option would be to invest in Maybank's GIA-i with indicative profit rate of 4%. You can withdraw at anytime with no penalty on the profit rate. You can even do placement & withdrawal online (eGIA-i) if you have an existing Maybank account. However, there is no PIDM protection as the profit & principal is not guaranteed. Higher risk than FD and lower risk than most UT in general.

Do not underestimate the value of 1k especially when compounded over time if you start young. If you can save 1k every year & do not withdraw it & let it compound over let's say 20 years, you would have a substantial amount by the time you reach 38. If you can save more, let's say 1k per month, the amount will be even more substantial. Better than getting those savings plan as you can withdraw the money anytime when you need it. You just lose some interest. Hope this helps.

just did it.... thanks for the informations

Is the Hong leong 4.5% 6 months still available?

For RHB, its 4.45%/12mths for all branches..not just selected branches..just called rhb customer service to confirm this..

yes, my friend just place a fd with this rate

I totally forgot about BSN 4.75%.

I totally agree with this.

That's why I kira until RM0.11. Btw, you forgot to mentioned put FD is better than spending that RM1k.


efd usually same interest as board rates (damn freaking low). To get efd, you need to open online banking with the bank you want. Then make sure your SA have sufficient money. Select efd and they will straight place it online. To uplift, just select uplift. Not all banks can uplift online efd is useful for 1 month FD. No need to go to bank, waste petrol and time for the interest

This post has been edited by Ramjade: Feb 22 2016, 02:08 PM

only for islamic only same rate too.

I went last Monday, still ada

supposed to be till end Feb, islamic fd.

yes its still available with islamic. had the worst day ever at seremban branch, waited for 2 hours! and still not my turn. its full with older crowd opening fd's. at last could not stand anymore and went over to ocbc and put in 9 months - 4.15%, done in 20 minutes.

Bro,

BR 4.55% for 24 months is just a promo rate so you can still opt for the monthly interest.
I already did for 2 of my BR FD renewals. Tip: though is supposed to be fresh funds but you can just renew by topping up abit more to get the promo rate

Don't forget to enter the SMS contest to stand the chance to win either a TV, fridge or shopping vouchers ya

UOB New FD Promo:


This post has been edited by BoomChaCha: Feb 23 2016, 09:32 AM

Ambank - Golden Gifts Promotion [ Ambank | T&Cs (EN) | T&Cs (BM) ]

Special Fixed Deposit Rate: 9 months @ 4.25% p.a. , min RM10k fresh fund

Would like to ask anyone here with experience with HSBC Advance current account. Did you need to close your Advance account to avoid paying the RM10 per month account fee after withdrawing the 5% promo FD?

I transferred all my money out from the account after the maturity of the 3 months 5% promo FD meaning the account balance is RM0 now. So, would the account be automatically closed after a while or do I still need to go to the branch to close it manually? Would I still be charged the monthly fee if I leave it as it is currently. Thank you.

This post has been edited by Nom-el: Feb 23 2016, 12:56 PM

should your account has overdraft facility, your balance will be -RM10, you ended up owing the bank money

Better go and close. Or u could convert to a statement savings but conversion is slow. After I sign the form for 10 days the hq still not yet convert and they continue to charge me 10.60. So I lut them kow kow and cc the email to bnm. After a few days my account is converted and 10.60 reversed from my account.

For my case, i opened another basic saving account along with the advance, in case i need to close it, i can fall back to the bsa

Anyone noticed CIMB now have no promo for FD? How will they survive oh?

they can survive. some banks like citibank also no fd promo.

they are even eager to loan out money. pre-approved!

This post has been edited by yygo: Feb 23 2016, 02:08 PM

People fail to settle their credit card bill on time, people take personal loan to go shopping, vacation. People taking 10 years to pay car loan for a BMW that they have no money to pay. One unsettled credit card bill bring in interest of min 10%. The longer you stretch the car loan, the more interest you pay. All those people don't know that free SA exist, pays the bank free rm8 48/year. Those people who park their money in board rates FD to get priority status. Banks earn at least 0.5% interest from them (banks can pay promo rates but instead they give board rated). So no FD promo? No problem! Lots of people willing to give free money to the banks.

Of course banks need to balance their cash reserves with the money loaned out. FD is not the only way banks earned money.

Besides they already have promo last year. Will be a while until they will come out with another promo.

This post has been edited by Ramjade: Feb 23 2016, 02:22 PM

that sums up how banks make money, not to mention commisions for selling unit trusts, insurance...

Received Condotti 20" trolley bag from AmBank for FD placement on Nov 2015:




Attached thumbnail(s)

yeah done. monthly interest.

yes. hope still available when my SCB FDs due in early Apr

This post has been edited by guy3288: Feb 23 2016, 10:35 PM

Send SMS to join the BR's contest ?

there don't seem to have promotion for 1 month FD placement....

100k ... which bank offers the highest 1 mth interest? Affin bank?

Very rare. Usually 3 month and above only have promo.

How long do you guys keep your money in FD?

try bank rakyat.
3.4%?

http://www.bankrakyat.com.my/term-deposit-i-account

i am planning to do the same since someone mention hampers from them for CNY.
kekeke.

not sure is this useful. I have been depositing my eFD in Maybank GIA to earn higher interest for 1m (RM5k)/ 2m (RM1k onwards but below RM5k). The indicative interest rate is 4% monthly but it could fluctuate depending on the return on investment. I have several GIA FD with Maybank deposited in Jan 2016 and got 4.07% for the first month interest. I find this convenient and no need to look for promo (due to high min amt required for fd promo, usually starting from RM10k) because I do it monthly (extra funds all go to FD). This interest rate is higher than any of all the existing bank that offers for 1m & 2m interest rate.

Edited: Thanks to member who point out the error in my calculation.

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

This post has been edited by ytan053: Feb 24 2016, 02:21 PM

Indicative is 4%, but they give you 3.39% instead? Anyway it's still better than Islamic eFD.

But it needs RM5k. I can't apply as I only keep RM1k monthly in eFD.

good sharing. i'm also slowly "converting" a bunch of Islamic eFD (3mths) to GIA-i eFD (2mths) which offers slightly higher profit rate at shorter tenure (better liquidity).

yeah, if gotten 3.39%, then it's still better than Islamic eFD's 3.3% for 3mth.

best thing about GIA-i eFD is rm1k required for 2mth tenure.

Actually, CIMB does have FD promo as reported earlier by someone in the earlier thread. The last I checked with my branch last week, they are offering the following rates for fresh fund: -

1 month - 3.7%
3 months - 4.1%
6 months - 4.2%
12 months - 4.3%

Min 10k

I do not know if it is an official promo or not as the rates change quite frequently.


How did u calculate the interest rate for your GIA placement? I have been getting 4% p.a. interest for the past few months even for those that were placed for a few days only.

I have been getting indicative interest rate so far without a problem, are you sure your calculation is correct?

Thank you for the information. Just placed another FD for this promo

This thread is fast becoming my favourite thread in lowyat.

Because it is an investment account, hence the rate would fluctuate. After recalculating, it is actually 4.07% p.a. for the 1st month

This post has been edited by ytan053: Feb 24 2016, 02:20 PM

RM5k is minimum placement for 1month FD. RM1k can be done for 2months onwards. It is convenient as it is just a click away, no nd to go to counter.

THanks for pointing out! Now that I did my calculation, it is more than 4% in Feb'16. I placed RM1k in Jan 16 and the balance is 1003.39 in Feb'16, hence my simple minded thinking tells me it's 3.39%. If convert into % p.a. equivalent, it is actually 4.07% p.a.

There are banks which offer 1 month efd like BSN and Ambank with placement of min RM1k. Why should I dump RM4k into FD when I dump my RM4k somewhere else? That Rm1k that I dump in every month, is just my emergency reserve. Max inside the 1 month eFD is RM1.5k. More than that, I will put my money elsewhere.

RHB giving out 4.45% p.a. is worth too...

How is the rate of the efd of BSN, AMbank as mentioned by you? Just wondering do i miss out anything.

Wow, how come i don't get any free trolley bag, I've placed my FD on around Nov 2015 too.

My dad also received this trolley. The handle feels a bit plasticky and can pulling it up and down don;t feel smooth. Seems like a cheap build to me

Don't know about BSN. But Ambank is 3.15%. You will have to choose Islamic efd. For conventional, they still require min rm5k.

Able to place and uplift online

Alright, thanks! MBB is more convenient for me in this case can do it online for GIA RM1k for 2mths and get 4% p.a.

Hi guys!
Got a small question, I got some extra funds parked at SG account. Thinking to put in Malaysia FD since it offers better rates, as I needed the money in next year perhaps.

How does the process of opening a FD account?
Do I need to carry let's say 30k cash to the bank? because I don't have an existing account for let's say RHB.

I'm thinking to put into PublicBank, since I had an account there. So the procedure is to transfer funds to my SA first, then I visit the branch to open a FD?

Thanks!

This post has been edited by Dixon93: Feb 24 2016, 10:05 PM

You can TT to the local bank saving/current account first, then proceed to place the FD.

It still will be deemed as fresh fund as long as one placed the FD within days of money credited into SA, whereby one can get promotion rate through fresh fund FD placement.

This really helps. thanks alot!
Will go ahead on PublicBank Promo

With 24 months, can rest an extra year before moving the funds


This contest Problem is, I do not know if I should send a SMS each for RM 50k FD & increments of RM10k:
http://www.bankrakyat.com.my/akaun-deposit-i-berjangka

Late last month, I would have been happy to trade with you and both of us would have a win-win situation, but now I don't have spare funds. Maybe you can find someone else to trade, and of course, very importantly, there must be trust.

Might look into it. Place into 2 months instead of my normal monthly efd. However is kind of unpredictable for me. Sometimes I might need the money suddenly.

This post has been edited by Ramjade: Feb 25 2016, 09:47 AM

For the RM 3.39 profit you received, the profit rate is 3.39/1000*(366/31) = 4.002% which is the published GIA-i indicative profit rate

Maybank 4+4 FD promo already finished quota.

New promo campaign is

1) 2month
1st month 3.55% p.a.
2nd month 4.35% p.a.

Effective 3.95% p.a.

2) 12month - min 10k

4.22% p.a.

As far as I know BSN does not offer eFD. As for GIA, you can withdraw the money at anytime, so it does not really matter what tenure you choose. You just need to remember to uplift it manually.

Managed to place HLB Term Deposit-i 6mths @ 4.5% today. Apparently, interest is only paid UPON maturity and not monthly Different with MBB GiA where you earn interest on your interest if you opt for monthly interest payout.

I thought Islamic pays monthly interest geh? Any sifu can clarify this?

Anyway, they put "SELLING PRICE" as the maturity amount .

This post has been edited by michaelho: Feb 25 2016, 04:32 PM


Attached thumbnail(s)

the GIA that we r talking about is GIA-i right? I am just curious why so many sifus putting their money in GIA-i when the principal is not guaranteed

This post has been edited by babysiew: Feb 25 2016, 04:36 PM

yup the 12mth 4.5% that MBB offered couple of months back.

This post has been edited by michaelho: Feb 25 2016, 04:36 PM

any link? thanks.

Btw, can we select 2 months and still get 4% or we need to select 12 months?

You worry about Maybank kaput?

i worry my little hard earned sweat and blood money kaput...

your worry should be the return may not be fixed. not on the principal money.

but for reputation sake, i think they will try to stick to the rates given.

Hello Adele 123


Too bad that Maybank 4+4 FD ..finished liaw

I am interested on this Maybank new promo compaign ..

What is it called .. !!!

Where can I get more information ..


Thank you.

Sorry peeps. No website link. Got the promo info when I went to the branch.

I can take a picture and attach it here, but dibt see much point. The 2month promo is not new. Someone reported previously.

Hi, thanks for the info.

Is there a minimum amount for the 2 month promo ?