Tuesday, March 3, 2009

Latest FD rates in Malaysia
Summary of fixed deposit rates for each bank in Malaysia:

Local Banks 12 Months
Fixed Deposit Rate % (p.a.)

Affin Bank 2.50%
Alliance Bank 3.00%
AmBank 3.00%
CIMB Bank 2.60%
EON Bank 3.00%
Hong Leong Bank 3.00%
Maybank 3.00%
Public Bank 3.00%
RHB Bank 2.60%
Foreign Banks 12 Months
Fixed Deposit Rate % (p.a.)

CitiBank 3.00%
HSBC Bank 3.00%
OCBC Bank 3.00%
Standard Chartered Bank 3.00%
UOB 3.00%
The rates have been reduced drastically and this means less profit generation to your money in your FD accounts. Be aware on these changes!

Will you switch your fund to an account which will give you as below?
1. Capital Protected
2. FIXED interest rate > 10% for lifetime
3. HIGH GUARANTEED interest rate
4. Short term commitment for long term gain.
5. TAX FREE option
6. Additional Cash Benefit for lifetime
7. Governed by BNM

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