Malaysia Bank Fixed Deposit Rate
I felt very proud because I have a great amount of money in fixed deposit. This is because fixed deposit would be safer investments type but inflation rates running high, you may actually lose more value in your fixed deposit savings over time than what you actually receive back in interest. This is the main risk of investing in low interest rates investments like fixed deposit.
About 2 week ago, almost all bank in Malaysia lowered fixed deposit interest rate to 3% p.a. Are you affected by these interest rate changes? What are you planning to do? I have done some self-research and found that Bank Simpanan National is offering 3.6% p.a., which is the highest fixed deposit interest rate currently. I can see a lot of auntie & uncle go to put their hard earned money in this kind of bank during Chinese New Year.
But the thing that always makes people confused is the calculation work. To know more about this, you can go back to my previous article -> How To Calculate Bank FD Rate
February 9th, 2009 at 2:52 pm
Agree with you, BSN offered high FD deposit rate. Secondly is CIMB Bank.
February 11th, 2009 at 12:44 pm
now all become 2.5% ler…
BSN? less branch ler..
February 20th, 2009 at 11:01 am
hi,
am thinking of opening another savings account solely for savings only. Any recommendation ?
February 20th, 2009 at 8:09 pm
A Product from Hong Leong Bank offered high interest rate up to 6% ,8% even 10%….interesting?
March 15th, 2009 at 12:39 pm
WY,
wat kind of product is that. if it’s real profitable, y it’s not popular?
March 15th, 2009 at 12:42 pm
DarrenNg,
CIMB now only offers 2% of interest for F.D. it drops 1% within a month. real pathetic! so, which bank offers highest interest now?
March 20th, 2009 at 9:39 pm
Bank Rakyat maybe… but all the bank are same now 2% only but is there gonna be an effect on FD rates because of Government just lunch stimulus package?
do you guys have any link for FD calculator … i dont really know how to count FD..
Example
RM10k FD + 2% FD rates (1 MONTH) = RM200 <—earning
Is that correct?
April 2nd, 2009 at 1:15 am
in india its a very good and attractive,,,it offers more than 9.5% how was it,,,,any question please ,,contact on my email
April 22nd, 2009 at 3:53 pm
Hi, if i not mistaken the calculation should be :
10,000 X 2% FD rates(it’s 1 year) = RM200 <- earning
May 29th, 2009 at 3:08 am
Padriwale decision boards provides an comparative tables of all banks where you can easily take
decision to invest your money for fixed deposit. It is really helpful to you for choosing best interest rate of fixed deposit in any
indian bank. So choose your best fixed deposit interest rate by this url http://www.padriwale.com/decisionboard/fixed_deposit.aspx
April 26th, 2010 at 12:48 pm
why my friend said 3.5% offer by CIMB 3.75% for old folk & going 2 increase? Anyone know? Pls tell me!