Public Bank

Gold

There are a few ways to invest in gold. One of the most popular ways is via Investment or Savings account with a bank. The main benefit of this method is,  investor does not need to worry about keeping the physical gold by themselves.

Currently, there are 5 banks offer gold investment or savings account. Normally, banks will issue either passbook or statement to the depositors. Some of the banks do allow physical gold withdrawal.

Banks that currently offer these services are,

  • CIMB Bank – Gold Deposit Account (GDA)
  • Kuwait Finance House (KFH) – Gold Account – i (GAi)
  • Maybank – Maybank Gold Investment Account (MGIA)
  • Public Bank – Gold Investment Account (GIA)
  • United Overseas Bank (UOB) – Gold Savings Account (GSA)

The following table are the details comparison between 5 investment or savings accounts.

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Priority banking is a preferential treatment service granted to a select group of customers in a bank usually to high net worth personal. They are usually invited to enjoy this service based on amount of deposits, investments or housing loan with the bank.

Refer to table in the later section of this post to see the minimum deposit to be eligible.

Some of the benefits offer by Priority Banking are;

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fixed deposit

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.

Since July 2010, fixed deposit rate does not change very much because Bank Negara maintain the OPR at 2.75% since then. However, banks do make some adjustment to their rate.

The table below are the latest conventional fixed deposit rate as of December 2010.

You may look at this page for the most up to date rates. Alternatively you may want to look at Islamic Fixed Deposit or General Investment Account (GIA-i) rates.

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The previous 15% Cash Back Promotion ended 30th June 2010. Public Bank is currently aggressive with credit card promotion extend the 15% cash back promotion with a new campaign called Public Bank Double Bonus. This campaign will reward up to RM2 million in cash & prizes to be won.

 

This promotion is valid from 1st October 2010 to 28th February 2011. Under this promotion, Public Bank credit card holders who spend on weekdays will earn 15% Cash Back and 10% Cash Back on weekend spending. All the spending must be in single receipt with minimum of RM50.

On top of cash rebate, card holders are eligible to won BMW 523i, Honda CRV and Nissan Grand Livina with every RM50 spending. Local purchase will earn 1 entry while overseas will earn 2 entries.

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fixed deposits

Yesterday, we look at conventional fixed deposit rate for September 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. Alternatively you may want to look at this page.

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