Fixed Deposit is known to be one of the most secure investment but with a lower return. If you like to invest your money in fixed deposit you may choose from the list below to maximize your return.
Fixed deposit rate is on the rise because Bank Negara Malaysia (BNM) started to raise OPR rate. The last rate increase was on July 2010.
The table below are the latest conventional fixed deposit rate as of September 2010. Alternatively you may look at this page.
Yesterday, we look at conventional fixed deposit rate for July 2010. However, if you prefer to deposit in Islamic Fixed Deposit Account or commonly known as General Investment Account (GIA-i) instead of conventional fixed deposit account, the rates are shown in the table below.
Kindly note that, the rate showed in the table below are only indicative. It means that, the rates may changes according to agreed profit sharing ratio.
Fixed Deposit is known to be one of the most secure investment but with a lower return. If you like to invest your money in fixed deposit you may choose from the list below to maximize your return.
Fixed deposit rate is on the rise because Bank Negara Malaysia (BNM) started to raise OPR rate. The last rate increase in on May 2010.
The table below are the latest conventional fixed deposit rate as of July 2010.
AmBank is having a new promotion where their credit card holders will enjoy 20% cash rebate on groceries spending during the weekend. The promotion is running from 1st May 2010 to 31st December 2010.
The promotion open to Priciple Credit Card holder with the exception of PrePaid MasterCard and card holders whose card accounts have been suspended, cancelled or terminated.
To participate, you have to register your AmBank credit card via SMS. To register, send SMS through your mobile number by typing “cashback {space} 16-digits card no” to 36663. This is one time registration and you will be charged 30 cents.
Following Bank Negara decision to raise Overnight Policy Rate (OPR) by 25 basis points to 2.5% last week, some banks in Malaysia start to revise up their Base Lending Rate (BLR) and Base Financing Rate (BFR).
This is the second time in 2010 that Malaysian have to bear the burden of higher interest rate. The first increase was implemented in March 2010.
Maybank, CIMB Bank, Public Bank, RHB Bank and Bank Islam have increased their BLR & BFR by 25 basis point to 6.05% from 5.80% previously. Other bank will follow suit.