I went to KFH yesterday.
12 months - 4.35%
6 months - 4.25%
Interest will be credited in 2 working days.
It needs to open a saving account as when the FD mature, it will automatically transferred to the saving account (Which is good for me as I don't need to go withdraw from branch, instead I can just do online transfer. The max daily transfer limit is stated as 30k). If not mistaken it will charge RM15 for the debit card and there is no ATM card anymore (not sure when will it charge as it is not reflected yet).
Currently the bank is giving 10% rebate on first swipe of the debit card with maximum rebate of RM20 (So advice to put RM250 in the saving account).
Last, there is free gift for early bird, which is very limited, for minimum deposit of 50k. It is a RM300 preloaded touch and go card. It seems like I was the first that went to the branch to ask about it, so the lady called to their main branch to ask.
They also offered to put the interest back into the FD with the same rate of 4.35.
In conclusion, 50k deposit (4.35% + 300)
without free gift, the effective rate = 4.539% (Put the interest back to the FD)
with free gift, the effective rate = 5.139%
Fixed Deposit Rates In Malaysia V. No.13, Strictly for FD Discussion Only
Jul 9 2016, 05:54 PM
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