Al-Rajhi just revised their TD interest rate downwards. Initially, 3.8% for 9 mths was supposed to be until 30 Sep 2025 but now highest is 3.7% @ 4 mths.

4 months - 3.7%
5 months - 3.6%

Nothing interesting on FD rates anymore....;o))

Just put in some this morning; was not aware that they had 9 mths @ 3.85....missed that

1) What does that 3.24 p.a effective rate mean? This is pure FD that does not bind with other investment or earmark savings right?
2) The criteria is to place 300k fresh fund to open Premier account, then another 50k minimum up to 300k for FD account? Or just 300k in the Premier account then eligible for the FD from the 300k in the Premier account?

I tried asking cs but different cs gave me different interpretation...

Also, I read their branch queue is awful, anyone have experience? Do I need to expect 2 hours+ to get this done?

Thanks

This post has been edited by jwgs0010: Sep 26 2025, 07:27 PM

If you place 4.28% for 6 months and 2.20% for the next 6 months the effective rate is 3.24%. It is a one time offer for new Premier customer.
You can make appointment at hsbc website, make sure you arrive on time, if you miss it, you get a long wait.
But they will likely try to sell you insurance and investment product when you sign up for Premier.

Disclaimer, I'm not hsbc Premier but it should be pretty much the same as other banks.

BeU just matured. which bank is top 2 highest? i want to park new FD

is it Rize the highest @3.7% ? any other option?

This post has been edited by whycanot323: Sep 26 2025, 11:39 PM

Muamalat 3.75% 12m

There is no requirement for with bundle Investment products for the 4.28% rate. Bundle with Investment products will entitle to other benefits as well.

The quoted effective rate of 3.24% is as per explanation by kyleen. Well, one can withdraw FD after 6 months maturity.

Just need minimum 300k fresh fund to qualify.
Can use to open CaSa account n transfer to FD .

Actually, their so called Premier account is not a specific account but more of a status tagging. I have an old saving account with RM10 balance. They just tagged it ‘premier’ , so no need to open another account.

To avoid the long wait time, just tell them you want join premier banking, you’ll be assigned a RM who will process documents bery efficiently

Effective date of FD will be on cheque clearing date

Currently 3.75% for 12 mths seems to be highest offered by BM, MBSB until 30 Sep 2025.

I think from 1 Oct 2025, will revise downwards. I will be happy if they can maintain 3.75%.

Currently 3.75% for 12 mths seems to be highest offered by BM, MBSB until 30 Sep 2025.

I think from 1 Oct 2025, will revise downwards. I will be happy if they can maintain 3.75%.

3.24 is calculation for 1 year rate, 6 months 4.28 then just withdraw no need continue, 300k is enough more than that will not earn 4.28 rate.

I think queue depends on branch, I made my appointment at HSBC amanah branch in bukit tinggi Klang, rarely got visitor since that branch just for premier customer stuffs. Also, take note that there's welcome offer for new customer, if you get the amanah premier credit card, will get rm500 credited; if you go for non-amanah premier card will get 200k points.

Spent 50 mins at MBSB Puchong just to place an FD. Newly renovated, and only allocated space for 2 counters?

It is high time that BNM impose on banks to make available online for any bank promo FD rates. It is time wasted that some just do not have. Driving out 15 mins from my office, finding parking, then the transaction, then 15 mins back.

Granted it is the last day for 3.75%. Have no issue with the staff service, but it takes just too damn long. I can understand why some people just go for lower rate if they can get it done online.

MBSB and Bank Muamalat still 3.75% for 12 mths for October.

I believe these two currently highest FD/TD rate.

This post has been edited by brandonkl: Oct 1 2025, 10:10 AM

What you said is exactly what I’m experiencing, to the point that I don’t even want to speak with the RM anymore. Don’t bother with HSBC FD — it looks attractive at first to get you to place a deposit, but after 6 months they have nothing better to offer. The FD rate just reverts back to the normal bank rate.

After 6 months just move to other bank with promotion lah.

After 6 mths can withdraw and move to a diff bank, That is what the RM advise me too

Is the MBSB FD OTC type or e-FD ?

Just to share, I feels Ambank has one of the highest rate all year round consistently, besides Islamic bank like MBSB. Ambank also can do everything online. Your matured FD money can stay in the savings and use back to place new FD with promo code. No need transfer in and out to other banks, left, right pocket.

HSBC treats me like old wife, they only offer enticements (short terms ones) to new would be mistresses, couldn't be bothered to speak to them except when necessary

OTC only