FD Rates paid monthly...
Hi Chaps,
Looking for any pointers to a Malaysian bank, with a good FD (term deposit), rate, say 24 months...that, pays out t..he interest Monthly:zzz: |
Re: FD Rates paid monthly...
I know that you can get this with Islamic deposits.
The equivalent to interest rate is called 'profit rate'. CIMB had one @ 4.2% a couple of months ago. Paid out monthly. Maybe you'd have to become a preferred customer to get this. (Minimum 200 or 250kMYR in assets with the bank. |
Re: FD Rates paid monthly...
Thx Gunnar, I wonder what "Profit rate" was, that clears that up, I thought it was something to do with a trust...4.2 is good, ill be happy with that at a monthly over 24 months...
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Re: FD Rates paid monthly...
CIMB will probably only do 12 month. And many banks offer the monthly interest only to old people. Non-preferred rate is 4.1%. Also note that some banks will refuse MM2Hers as customers.
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Re: FD Rates paid monthly...
MM2H Fixed Deposit must be annual basis.
Annual interest rate is also the highest. |
Re: FD Rates paid monthly...
Great promo from AmBank going on.
4.5%, 36 months, interest paid monthly. Minimum amount 100k, minimum age 49. But AmBank often refuses MM2Hers als customers. |
Re: FD Rates paid monthly...
I have a FD at CIMB, linked to my credit card. This one just had the annual renewal. Interest rate went down from 4.1% to 3.35%. 12 months fixed. And I am a so-called CIMB Preferred Customer.
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Re: FD Rates paid monthly...
Thanks for the info, Sushi-Fan!
My CC FD @CIMB also matures very soon, last year it also was 4,1%. At least it is only 10k, because only for the CC limit. I will talk to them in advance. The "normal" FD promo rate from CIMB now is 4,25. |
Re: FD Rates paid monthly...
I haven't checked the conditions for that 4.25% promo. It could be that it applies to new customers only.
The CIMB online banking site provides a graph which shows the interest rate as function of FD duration. It goes from 3.2% at 2 months, up to 3.65% at 60 months fixed. The 3.35% rate applies for FDs with a duration ranging from 12 to 35 months. |
Re: FD Rates paid monthly...
Originally Posted by SushiFan
(Post 12492248)
I haven't checked the conditions for that 4.25% promo. It could be that it applies to new customers only.
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Re: FD Rates paid monthly...
MM2H required annual renewable for 10 years. Not 3 month or 6 month renew. Anyway you're always welcome to place extra Fixed Deposit for your own purpose.
Another bank you may find out, Hong Leong Bank. Sometime they offer 4.5% as well. |
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