If you like to invest your money in the most secure instrument, fixed deposit is one of the best choice. Bank Negara increased OPR rate early this year, so fixed deposit rate also on the raise. You may want to park in your money in fixed deposit if you believe in “Sell in May and Go Away” adage.
The table below shows the conventional fixed deposit rate as of May 2010. This table are no longer maintained. This table is no longer maintained. For the latest rate kindly browse this page.
With recent hike of Overnight Policy Rate (OPR) by Bank Negara Malaysia (BNM), Banks do not take a long time to raise BLR and BFR. The first bank to raise the BLR is Bank Simpanan Nasional.
BLR normally used in conventional loan package while BFR normally used in Islamic loan package. However, most of the time BLR & BFR figures are the same.
The table below show the latest BLR or BFR rate for most of banks in Malaysia as at 12th March 2010. This table is no longer maintained. The latest rates can be found on this page.
A credit card balance transfer is the transfer of the balance or debt in a credit card account to an account held at another credit card company.
Due to recent credit card tax imposed by government, many credit cards issuers is doing balance transfer promotions as part of their strategy to retain its customer. The credit card issuers are giving a great promotions ranging RM50 rebate per balance transfer to 0% interest free balance transfer. Actually this is great for customers. It will offer great saving for those who would like to use this facility.
If you have unsettle credit card debt, it is wise to do balance transfer in order to save the interest. With such a low balance transfer fee, it is certainly much better than personal loan to clear out credit card debt.
Below are list of recent balance transfer promotion.
MortgageKLIBOR Home Financing From Standard Chartered Bank Standard Chartered Bank revolutionises consumer lending with a new concept of Home Loan or Financing called MortgageKLIBOR.
MortgageKLIBOR is the FIRST conventional home loan that is pegged to KLIBOR which is consistently lower than Base Lending Rate (BLR) from past history. With lower financing rate consumer would potentially enjoy greater savings.
Standard Chartered is introducing JustOne Titanium MasterCard to Malaysian market. JustOne Titanium MasterCard is a credit card, debit card and current account all in one package. It is a new first-of-its-kind banking solution that saves you time and money, while rewarding you with preferential rates. It’s all you need to simplify the way you bank.
JustOne gives you the choice to either charge your retail purchases to your Credit Card or Debit Card through your JustOne Current Account. All you need to do is inform the retailers on which option you prefer. Credit if you want to charge your purchases to your Credit Card, or Debit if you want to pay through your JustOne Current Account.