Meshio.com - a Malaysia personal finance blog - Latest Comments in Malaysia Banking Institutions' Fixed Deposit Rate

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Fred — Mon, 15 Jun 2009 20:12:24 -0000

Good day to all.

If you want to invest in an average of 7.2% - 30% per annum/year with full capital protection.
Please call +6014 637 9681 or our Main Office no. at Tel: +603 2091 9088 or you can visit our website www.sovereignwealth.com.my

This is fred from Sovereign Wealth Management Sdn Bhd.

Re: Malaysia Banking Institutions' Fixed Deposit Rate

py — Tue, 02 Jun 2009 12:37:56 -0000

are my eyes blur?
interstplus from am bank offer such a high interst rate?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Tue, 19 May 2009 23:41:16 -0000

Does anyone know anything about the FD Rates for MM2H applicant?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Vincent — Tue, 12 May 2009 00:03:29 -0000

Why don't you place your money in Money Market? FD is giving ridiculous rates… If not then pray that there is something like ASM or ASW out again! (This might happen with some offshore banking facilities) http://biz.thestar.com.my/business/unit_trust.asp Look at the rolling weekly yield.

Oh just a reminder... ALL interest earn will have to be tax. Only those under UT law will not be cause of tax at source.

Anniesm why don't you think about some of the endowment plan insurance company came out with?

Little advertisement ya? Whatever you want I can get it for you, doesn't matter which company the instrument come's from.

Re: Malaysia Banking Institutions' Fixed Deposit Rate

anniesm — Sun, 22 Mar 2009 23:27:15 -0000

All banking institution hv reduce fixed deposit rate to 2.0%. Which financial tool can give us a better interest and against the inflation. Can a housewife continuos to make a contribution to EPF after 6 years stop from workplace?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

yowchuan — Fri, 20 Mar 2009 14:18:22 -0000

Sorry Loh, no free advertising ;-)

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Alan — Sat, 14 Mar 2009 09:43:48 -0000

Dear Yow Chuan

Thank you very much for the updated info . Looks like all the banks are offering the same rates these days

Re: Malaysia Banking Institutions' Fixed Deposit Rate

yowchuan — Thu, 12 Mar 2009 13:04:54 -0000

Alan, thanks for the alert. Just updated the rates (was quite surprised to see that it has dropped to a mere 2++ percent).

For recession-friendly tips, you can have a read here:
http://www.meshio.com/2009/02/recession-and-10-...

Like you said, we are the "forgotten men & women" when it comes to the process of policy making. How can they help us when they can't even help themselves now? If there's anyone who actually track the return on investment (ROI) of our tax money, we should not be too surprised to see negative figures.

Also, the mini budget announced recently is not helping the guys on the street by much.

Before letting too much fear runs into the blood, it's a good idea to differentiate between income and wealth.

When we look at plundering prices in the past few months, it's evident that a scary amount of wealth has just vaporized into thin air. Yet, much of those vaporized wealth did not hit us as bad as we thought. For example, unless you are depending on the rental income from your property, the shelter value of your property would not have changed, even though the market price has depreciated the value by 15-20%.

Living standards would not be affected too much as long as our income does not suffer a major blockage. As you've mentioned, investment in stocks and mutual funds would have suffered huge paper loss. So, unless you are living off the dividends and capital gains from these dividends, the focus should still be ensuring that the channels of income remains stable, or probably opening up new avenues of income.

Even as we are left to fend for ourselves, I still think that we need to filter out the fear-driven propaganda from the facts. A good way to start is to stop reading the papers and turning off the TV, and get creative!

Just my thoughts.

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Alan — Wed, 11 Mar 2009 23:29:04 -0000

Can you please provide the latest rates after 28/2/2009 as many banks have reduced the rates after Bank Negara lowered the OPR by another 0.5 %

Any suggestions on how we can earn more interests on our savings , as the stock and property market are killing all of us and the government is not helping senior citizens like me by forcing the banks to reduce FD rates . We can hardly survive on our savings these days

Thank You very much

Re: Malaysia Banking Institutions' Fixed Deposit Rate

LOKE — Mon, 02 Mar 2009 10:33:29 -0000

Hi, dan. Our savings and FD in most, if not all, of the banks in Malaysia are fully protected by Malaysia Deposit Insurance Corporation (PIDM ~ Perbadanan Insurans Deposit Malaysia) until the year 2010.

Re: Malaysia Banking Institutions' Fixed Deposit Rate

dan — Sun, 01 Mar 2009 23:01:08 -0000

anyone know which party will protect our FD ?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

sasa — Thu, 01 Jan 2009 22:53:39 -0000

Does any bank offer preferential rate for deposits abv 200K?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Dylan Lim Zejin — Sat, 27 Dec 2008 21:29:43 -0000

rizal, you need to open a FD account instead of saving account, however, different bank might have different policies, it would be better that u visit the bank you would like to do a placement, or consult their customer service.

Re: Malaysia Banking Institutions' Fixed Deposit Rate

rizal — Sat, 27 Dec 2008 06:02:05 -0000

hai...do i need to open saving account if let say i want invest in FD at RHB Bank?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Nik Faizal Amin — Thu, 06 Nov 2008 04:17:10 -0000

Lets say the investor would like to invest RM1 Million, what would be the rate for a year?

Re: Malaysia Banking Institutions' Fixed Deposit Rate

yowchuan — Fri, 19 Sep 2008 15:13:39 -0000

Saw, this rate is for deposits below RM 1 million.

Re: Malaysia Banking Institutions' Fixed Deposit Rate

Saw — Tue, 16 Sep 2008 07:22:12 -0000

halo can i know the above info is for how much the amount save in the bank wil get he %?