How low can you go anyway? Does it really have any useful good effect or will it create other unintended ill effects? Why not just bankrupt the banking industry by making sure less funds remain in the country in the name of helping the economy?

I would happily put my money at Indian FD rates if somebody will tell me how to do it safely. We have AUD, NZ, Euro, US foreign FD at banks but why no mention of Indian foreign FD?

Thanks Ramjade. The article is not clear whether it is only for Indian nationals or Indian Origin Nationals, or whether other Malaysians are eligible.

But is there something stopping Malaysian banks from having some kind of arrangement to have Indian FDA. Or it is there but not advertised but have to dig it out from the banks treasury people?

What is all this funny talk of financial centre blah blah?? Are they really sincere, serious or sleeping? India and China not big enuf or impt izzit?

Don't just talk about flying there even with AirAsia unless Tony wants to organise flights for investors/tourist package complete with seminar on how to arrange to continue placings and transfers without flying everytime after the first trip.

Anybody with experience to share how this is done?

The following text is from Hong Leong Mach FD:
Why does Hong Leong want to regain the excess interest? Correct me if I am mistaken, but isn't that the more fund I place in FD, the more profit Hong Leong will gain by lending the FD amount to other bank customers? The interest rate I gain is same percentage, regardless of the placement amount.

FD different from last time as calculation on days basis and not month like savings with out the transactions of withdrawals and deposits.
Creditting of interest no longer at end of month or start of month but once a month as close as possible to effective date.
Differences due to miscalculations/expectations affect cash flow plans for usage or replow into other FD at the highest possible efficiency.
It is can do if got plenty of extra cash income/backup but will not get so much more.
For newbIes, ignorance is bliss since most of us will simply make some wrong assumptions, cannot be bothered to do the calculations, or do not know how to do it correctly. It took me some time from checking on the old step-up and monthly payment promos to figure out what was happening to enable me to work around and get best deals. Previouslly, I made the mistakes, but after reviewing and finding out the effects, I plan the musical chairs better in my favour instead of on luck.

Ok got a question, what sort of rules or terms or laws are there about withdrawing our FDs prematurely, more specifically about whether are we entitled to the interest for that particular new period.

Scenario a, withdraw on the tenth day prematurely on a 1-mth tenure.
Scenario b, withdraw on the sixteenth day prematurely on a 1-math tenure.

Do we get Ny? If we do, st what sort of minimum interest percentage are the banks obliged to give, or is it a big fat zero egg?

i cannot understand what he is saying. best date for step-up fd, let cash sit down while waiting and losing interest?

Can you explain further on this. ....I am interested

hi sifu, so 1 of the FD (joint name with mom) is going to mature in the next 2 week. never really pay attention to the rate until i stumbled to this wonderful thread about the needs of getting good rate thanks guys

my question is if we want to withdraw the matured FD, what's the process like? and does it has to be done on certain date or before the mature date in order to avoid penalty? and do we usually withdraw it in bank draft form or ?

Wait for me on Monday ! Have some amt to move there !     

So if temporarily, I need to inform them first right what tenure I'm looking at?
Plus with this FD, I can add monthly RM1000 too right, whereas most FD wouldn't allow?

Thanks.

Noob question, how to use banker's cheque for FD? Pay to own name right?

How so? 

sorry guys newbie here,
just to share what I been advise from a PRO FD investor.

was told if you have large amount of excessive money and not good on share market. The ways to make some additional CASH from bank is through FD.

This PRO had about few millions in FD. He share with me how he make the money grow in FD. Earlier was heavy lost on unreliable share market and he is not good on it. So he workout a better and guarantee return investment.

the formula what he told me as below:

presume the FB interest is 1 month 3.25% and compare 3 month 3.30%.

month amount interest rate        total
1        10,000.00  3.25% 27.08  10,027.08
2        10,027.08  3.25% 27.16  10,054.24
3        10,054.24  3.25% 27.23  10,081.47
   
   
   
month amount interest rate        total
3        10,000.00  3.30% 27.50  10,027.50
Most of the banker will approach you by offer you a higher interest for longer period such as 3 months onward.
But when you work out as formula above, actually if you put in 1 month FD you could earn better. (if you put the interest add in, auto renew).
And additional benefit for short term is you could withdraw any time when u require without loosing half of the interest profit. Let say tight up 6months or 12 months, and emergency need CASH.

This PRO although he is CASH cow, he still prefer split his MONEY is several FD. (he told me about 100 over piece FD document).
If any bank have special promotion you can withdrawn ASAP and reinvest even within same company BANK.
Just my humble sharing, if any above is inaccurate please ignore.
apologies for in convenient cause.

How much does the gold coin worth?

new rate starting Tomorrow or Friday..

if lucky only on Monday 

so guys, for safe side.. better run to the bank now & place your FD.. once printed, they needed to honor the rate..

you invest in FD meh? you should know the answer, right?

if any bank offer the promo rate **NOW**, they will honor the rate, right? you said it yesterday.

question is, which bank is still offering those promo FD rate. lotsa Affin branches retracted the 4.5% promo rate liao. others, not sure.

all depends on the bank. they can retract the promo now without informing us.

Really all AFFIN bank no more 4.5% promotion d.. Just called and confirmed thru AFFIN Jalan Bugus...