Best Fixed Deposit Accounts In Malaysia (November)

Monthly Update
Here’s a roundup of this month’s updates to the best fixed deposit accounts in Malaysia.

1. Overall, Islamic FD products continue to offer higher interest rates compared to conventional FD products across the board.
2. Bank Rakyat offers the best rate for most FD products this month (3, 6, 9 and 12-month tenure). However, do take note that Bank Rakyat’s FD products are not protected by PIDM.
3. The highest interest rate recorded in this month’s round-up is 2.40% (Bank Rakyat; 12-month FD), whereas the lowest stood at 1.65% (Bank of China; 1-month FD)

https://ringgitplus.com/en/blog/fixed-depos...e6kikB36PUueBuE

OPR decision later in the afternoon 3pm.
New campaign may be out tomorrow or coming few days.

You use what Internet Service Provider?
I can't even load BNM portal since 3pm.

Next MPC meeting will be next year January IIRC.

This post has been edited by GrumpyNooby: Nov 3 2020, 03:10 PM

My guess is that they just extend whatever campaign that has expired since few days ago.

Got example?

BNM largely seen done with OPR cuts till end-2021

KUALA LUMPUR (Nov 4): Economists say it is likely that Bank Negara Malaysia (BNM) will not be cutting the overnight policy rate (OPR) throughout 2021, following the central bank's decision yesterday to keep the policy rate at 1.75%.

The decision came as no surprise, as economists had largely expected no cut in the November Monetary Policy Committee (MPC) meeting — its last for the year — since the key rate had been cut by 125 basis points (bps) already over the first four meetings this year.

https://www.theedgemarkets.com/article/bnm-...ts-till-end2021

Agreed with you!

The campaign ends 31/12/2020

4.6 After the Campaign Period, no Bonus Rate will be awarded to the Eligible Customer and the prevailing board rate shall apply.

Board/Base Rate:

Up to RM5,000 -> 0.25%
Above RM5,000 -> 0.75%

https://www.ambank.com.my/ambank/SiteAssets...CampaignTnC.pdf

For merely 2.25% just to open a new account with few conditions to fulfill, rather just save the time and effort to dump into PB eFD for 2.2% with 3m tenure.

This post has been edited by GrumpyNooby: Nov 4 2020, 09:30 PM

I think FPX limit for PBe is RM 100k



This post has been edited by GrumpyNooby: Nov 5 2020, 07:41 AM

Affin eFD is back (same as previous expired campaign):







Poster and T&C are not out yet.

This post has been edited by GrumpyNooby: Nov 10 2020, 08:08 PM

How is the better than eFD rate for non-priority banking rate?

This one for priority banking customers only?

The Promotion is open to individuals who are the accountholders of a Hong Leong Bank (HLB) Current or Savings Account/HLISB Current or Savings Account-i (“CASA/CASA-i”) and have registered for Hong Leong Connect prior to or during the Promotion Period (“Customers”). The Customers are eligible to open and operate an Online Fixed Deposit-i (“eFD-i”) account (“eFD-i Account”) via their Hong Leong Connect. For the avoidance of doubt, joint CASA/CASA-i holders are NOT eligible to open or operate an eFD-i Account and are NOT eligible to participate in the Promotion

Funds from other financial institution.

Campaign link: https://www.cimbclicks.com.my/efd-nov20.htm...a8:login-banner
T&C link: https://www.cimbclicks.com.my/pdf/tc-efd-20...ov-relaunch.pdf

Outgoing bank which is RHB.

I'm at UOB now:

OTC FD: 9m @ 2.35% pa
*FF needed

This post has been edited by GrumpyNooby: Nov 13 2020, 05:30 PM

They had mentioned it in PIB