-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Banking & Finance (includes credit cards posting)
- Thread starter rhino
- Start date
- Joined
- Nov 9, 2010
- Messages
- 80,748
- Points
- 113
Re: Which bank offers the best FD rate for non-residents?
Yes, even one month FD also 2.95% for HSBC. Don't know whether that is the best rate.
Yes, even one month FD also 2.95% for HSBC. Don't know whether that is the best rate.
Most competitive mortgage provider/bank
Hi all,
Care to share that in your experience, which bank offers the most competitve mortgage package?
I have approached local bank Alliance and am inclined to take up their package due to below factors:
1. BLR-2.45 (for loan of RM$400,000 and above)
2. Flexi loan (no cap on the amount put into the account to offset interest)
3. No monthly maintenance fee
4 No lock in
5 One-time setup fee of RM$100
6 Cheque book
Hope to generate an informative discussion. =)
Cheers
Hi all,
Care to share that in your experience, which bank offers the most competitve mortgage package?
I have approached local bank Alliance and am inclined to take up their package due to below factors:
1. BLR-2.45 (for loan of RM$400,000 and above)
2. Flexi loan (no cap on the amount put into the account to offset interest)
3. No monthly maintenance fee
4 No lock in
5 One-time setup fee of RM$100
6 Cheque book
Hope to generate an informative discussion. =)
Cheers
Last edited:
- Joined
- Nov 9, 2010
- Messages
- 80,748
- Points
- 113
Re: Which bank offers the best FD rate for non-residents?
RM. 1 month 2.95% p.a, 3 month 3.05%, 12 month 3.3%.
See here under the product: Amanah term deposit-i (TD-I) standard scheme. http://www.hsbc.com.my/1/PA_1_1_S5/content/website/pdf/personal/services/interest_rates_main.pdf
RM. 1 month 2.95% p.a, 3 month 3.05%, 12 month 3.3%.
See here under the product: Amanah term deposit-i (TD-I) standard scheme. http://www.hsbc.com.my/1/PA_1_1_S5/content/website/pdf/personal/services/interest_rates_main.pdf
Re: Which bank offers the best FD rate for non-residents?
Non residents are not allowed to open FD even if they have a loan with the bank.
This is the case for AmbAnk. Went down twice already and they just say would seek approval from main office but very long still no news.
Dun know why they are willing to lend me money but not willing to borrow from me (I.e. FD).
Luckily public bank, which I also took a loan from, seems to allow me to FD.
Keeping fingers crossed till transaction completed.
Non residents are not allowed to open FD even if they have a loan with the bank.
This is the case for AmbAnk. Went down twice already and they just say would seek approval from main office but very long still no news.
Dun know why they are willing to lend me money but not willing to borrow from me (I.e. FD).
Luckily public bank, which I also took a loan from, seems to allow me to FD.
Keeping fingers crossed till transaction completed.
Re: Which bank offers the best FD rate for non-residents?
Not true lah. I used to have RM300k in FDs with RHB Bank when I was applying for MM2H.
Not true lah. I used to have RM300k in FDs with RHB Bank when I was applying for MM2H.
Last edited:
- Joined
- Nov 9, 2010
- Messages
- 80,748
- Points
- 113
Re: Which bank offers the best FD rate for non-residents?
Of course FX risk is present but ok for people with plans to live in JB and use the RM.
Of course FX risk is present but ok for people with plans to live in JB and use the RM.
Re: Which bank offers the best FD rate for non-residents?
MM2H of course can have FD.....in fact putting in the FD is the condition for getting MM2H.
Unless you have student pass or employment pass or you're a resident (staying in malaysia), you cannot open a FD even if you bought a property and have a loan with the bank. i understand that has been the regulation all along but recently they are more stringent. So far, Ambank has not approve my application for FD.
When i took the loan, the officer told me i can put in FD later on. But subsequently, I can't.
Of course, this is for Ambank and maybe other banks are ok.
Just to let you guys know.
MM2H of course can have FD.....in fact putting in the FD is the condition for getting MM2H.
Unless you have student pass or employment pass or you're a resident (staying in malaysia), you cannot open a FD even if you bought a property and have a loan with the bank. i understand that has been the regulation all along but recently they are more stringent. So far, Ambank has not approve my application for FD.
When i took the loan, the officer told me i can put in FD later on. But subsequently, I can't.
Of course, this is for Ambank and maybe other banks are ok.
Just to let you guys know.
Re: Which bank offers the best FD rate for non-residents?
Anyway, since 1995 (long before MM2H was introduced), I already had FDs with Hong Leong Bank Bhd, the branch along Jalan Wong Ah Fook and next to UOB, just after the old immigration. I also don't stay in Malaysia at that time. Subsequently, I decided to consolidate everything with RHB Bank to make my money management easier. Their priority banking department had even invited me to apply for their credit card, but I did not take up the offer.
Anyway, since 1995 (long before MM2H was introduced), I already had FDs with Hong Leong Bank Bhd, the branch along Jalan Wong Ah Fook and next to UOB, just after the old immigration. I also don't stay in Malaysia at that time. Subsequently, I decided to consolidate everything with RHB Bank to make my money management easier. Their priority banking department had even invited me to apply for their credit card, but I did not take up the offer.
Last edited:
- Joined
- Nov 9, 2010
- Messages
- 80,748
- Points
- 113
Re: Which bank offers the best FD rate for non-residents?
May be you want to use HSBC instead, no problem for non-resident to open FD and no need MM2H.
May be you want to use HSBC instead, no problem for non-resident to open FD and no need MM2H.
Re: Which bank offers the best FD rate for non-residents?
Hopefully, it is only Ambank that is having this policy.
Any other bro had successfully started a new FD recently ? Not just renew but to start a new FD or any account for that matter.
Anyway, I would take out all my $$$ from Ambank current account (earning 1.2%) into another bank's FD.
Hopefully, it is only Ambank that is having this policy.
Any other bro had successfully started a new FD recently ? Not just renew but to start a new FD or any account for that matter.
Anyway, I would take out all my $$$ from Ambank current account (earning 1.2%) into another bank's FD.
Re: Which bank offers the best FD rate for non-residents?
Forget the banks, go for Malaysian building Society if you want to invest FD and purely after higher interest.
3.1% up to 4.25% or even 4.70% depending on tenure and depositor's age.
http://www.mbsb.com.my/deposits_fixed.html
Forget the banks, go for Malaysian building Society if you want to invest FD and purely after higher interest.
3.1% up to 4.25% or even 4.70% depending on tenure and depositor's age.
http://www.mbsb.com.my/deposits_fixed.html
Re: Which bank offers the best FD rate for non-residents?
Finally manage to put money in FD with Public Bank.
1yr , staggered rate averaging at 3.5%.
Also talked me into investing in a balanced fund. For every 5 dollar invested in the fund, can put 1 dollar
in FD with 5.65% rate for 1 yr.
Finally manage to put money in FD with Public Bank.
1yr , staggered rate averaging at 3.5%.
Also talked me into investing in a balanced fund. For every 5 dollar invested in the fund, can put 1 dollar
in FD with 5.65% rate for 1 yr.
Similar threads
