Hi all. Any 5 years FD promo now?

Ambank BM has offered me 60 mths conventional FD @ 4.3% pa.
Interest credited to saving account every 6 mths.
Min amount not stated.

Minimum amount ?

I did not actually ask him......but my placement is more than 100k

around 0.18%, have fun

http://www.mybsn.com.my/content.xhtml?contentId=181

Okay thanks. Will be dropping by ambank then this afternoon.

Honestly speaking. This stuff is harder than striking da ma chai

the good thing is, your money is intact although not winning anything.

hi...where to see this 4.88? Can't find in on their website. Tq.

if u search this topic, u can find.

or i found this from their website: https://www.hsbc.com.my/1/2/personal-bankin...YH_PWS_DUAL_LPR

Grateful Giving Campaign
Promotion period: 14th January 2017 - 11th February 2017

https://www.hlb.com.my/main/promotion/20170...ateful-giving-a

Visit our branches this Chinese New Year to enjoy amazing promotions and offers as our appreciation!


FD: 3.9% p.a., 6-month, min RM10k

Note: long image under spoiler.

You lost interest though.

Hi guys,

I'm new here. Been in Australia for the past 27 years and am looking at moving back to Malaysia in a few months time. I am honestly a bit scared about the move back home and a bit nervous about my investments in Malaysia. I don't mean to brag or anything, just want to be honest about my situation and seek some advice. I will have about RM 2 million balance (mainly due to the strong Aussie dollar) after buying a house and a car, and was wondering what's the best thing to do with the 2 million.

I thought about investing in FD, but am I right in assuming that the Govt will only insure RM 250k? This being the case, I guess I will have to split the cash and deposit to a few different banks? Or is there to your knowledge bank(s)/schemes that will have government protection over the whole amount? If there are better options available, please let me know.

Any advice will be greatly appreciated. Thanks.

p.s If this is the wrong place to post this type of message, my apologies.



This post has been edited by Jeff the Bear: Jan 13 2017, 03:58 PM

Not advice. But some info if you need (from pidm .gov website)

Q4: What is the deposit insurance protection limit?
A: Your eligible deposits are protected up to RM250,000 per depositor per member bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return. The limit also applies separately to Islamic and conventional deposits.

May be you can lock down some amount of your money to, like the AM Bank, for say 5 years with 4.3% annual interest.

Tq Tq

Thanks so much for the response. In terms of the 5 year FD, will I be able to withdraw the interest on a yearly basis or will I have to wait for the five years to lapse?

Cheers

That depends on the bank terms and conditions. Some FD will have interest credit to CASA, which you can withdraw. IMO you should go and nego with some banks for better FD rates since you have above average sum.

Apparently might be able to get the interest on a 6 monthly basis. Didn't get to go to AmBank today to clarify.

Every Bank has different policy, I remember last time BSN have retirement FD 4% , interest will be credited to your savings account on monthly basis..
I find this is best scenario, as the interest can be used for as monthly income (when retire) and Malaysia has no tax on bank interest.

I plan to use cash placed in FD to maintained my retirement too..

Plan to open up Fixed deposit account
May i know how it works?
Wanna open/share it with my future wife
How to put money monthly basis?
How much require to open it.

Can have suggestion which bank? Plus their rates per annum.
Currently in mind i have
Citibank,Great Eastern, HSBC, maybe maybank, RHB