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 Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only

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TOHNO
post Oct 23 2017, 12:39 PM

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Newbie to FDs here

So I previously have RM2K saved up at Maybank ( my parents help me did it when I was young , about 5 years back )

Now I have an additional RM5k lying around



Question is would be smarter if I take out the RM2k and put in another 5K so the interest will go higher ?

OR

Open a new FD for the RM5k ?

I did my calculations over and over and I'm still unsure

the RM2k FD seems to currently maintaining a 4 % interest rate

while a RM5k or RM7k would generate 3% interest rate

it's a Maybank account FYI
TOHNO
post Jan 15 2019, 10:52 AM

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Hi all

I'm surveying through FD rates today and I realized CIMB offers an insane FD rate

For a FD of RM10,000 they're offering a 4.4% return a year.

That's insane !

Considering the closest competitor offers 3.9% / year ( Bangkok Bank )

I'm using Maybank and they're returning 3.3% / year

hence I'm wondering is there a catch for their high returns ?

How are they customer service etc?
TOHNO
post Apr 29 2019, 03:13 PM

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Hi there guys !

I've heard from a friend that Affin is offering 4.15% FD rate PERMANENTLY which is a lot higher than their competitors

is there a catch to this ?

 

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