FD hunting, favourite sports of the nation
Oh, i missed the good old times in Europe so much, when a noticeable interest rate for your savings existed.
Malaysians are crazy about getting the best FD rates, I joined them immediately after arriving :thumbsup: In the last years, 4,5% have been the peak, but now FINALLY the BNM has raised the base rate from 3 to 3,25%. That move was expected for 2018 but only for the second half of the year. BNM raises OPR to 3.25%, first hike in three-and-a-half years And they raised the corridor up to 3,5%! Expect 4,6% offers before CNY and maybe we will see 5,0% later this year, I am so excited :eek: |
Re: FD hunting, favourite sports of the nation
Originally Posted by eCdD
(Post 12427262)
Expect 4,6% offers before CNY and maybe we will see 5,0% later this year, I am so excited :eek:
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Re: FD hunting, favourite sports of the nation
Bank Islams 4,65 is the talk of the town right now. And it is a funny product where you get the interest credited every quarter in your account.
http://www.bankislam.com.my/home/ass...NEW2-02ENG.jpg But before many get too excited, Bank Islam is one of the banks that donĀ“t do business with MM2Hers, as a foreigner you must have working visa. No other product over 4,4% at the moment as far as I know. |
Re: FD hunting, favourite sports of the nation
Bank Rakyat now is offering amazing 4.70% for five years.
Sounds long BUT you can have the interest credited in your savings account monthly. Also Under-50 can! No advertisement for this online, but you can easily spot the big "4.70" signs out on their branches. |
Re: FD hunting, favourite sports of the nation
CIMB now offering 4.25 for preferred and 4.40 for islamic (12 months).
Do yourself a favour and add islamic to your CIMB accounts as others have suggested before in the MM2H section. |
Re: FD hunting, favourite sports of the nation
Lot of 6 month 4.5% around at the moment. strange, as 12 month usually not more than 4.4.
My RM thinks this is because the expectation that the rates go down mid 2019. |
Re: FD hunting, favourite sports of the nation
So sad.
The FD situation is really bad now, not to talk about the jailed MM2H FDs. Anyone recently had the annual renewal? Which rates did you get? Congratulations to everyone who locked the MM2H FD rate for 5 years in the last years. |
Re: FD hunting, favourite sports of the nation
Originally Posted by eCdD
(Post 12782843)
So sad.
The FD situation is really bad now, not to talk about the jailed MM2H FDs. Anyone recently had the annual renewal? Which rates did you get? Congratulations to everyone who locked the MM2H FD rate for 5 years in the last years. Oh, don't be so certain the 5 yr locked in MM2H FD is secured at the initial rate. Our initial 5 yr MM2H FD interest rate with HSBC was reduced when rates fell during the 2nd yr! Seems the banks here can change FD interest rates with just a letter to notify the clients! |
Re: FD hunting, favourite sports of the nation
Originally Posted by columbine
(Post 12782985)
It is and it will go lower according to our RM at another intl bank for the regular FDs.
Originally Posted by columbine
(Post 12782985)
Oh, don't be so certain the 5 yr locked in MM2H FD is secured at the initial rate. Our initial 5 yr MM2H FD interest rate with HSBC was reduced when rates fell during the 2nd yr! Seems the banks here can change FD interest rates with just a letter to notify the clients!
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Re: FD hunting, favourite sports of the nation
HSBC Malaysia is offering 4:0% on FD .. today is last date of this rate ...get it if you can :)
https://loanstreet.com.my/learning-c...deposit-promos https://www.hsbc.com.my/advance/offers/time-deposits/ |
Re: FD hunting, favourite sports of the nation
As an HSBC premier account holder.. i am seriously thinking about putting some in HSBC FD at that rate .. unless anyone things we can do better next yr ?
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