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Malaysia Best Rates 2011 July 25 Update

Fix Deposit Affin Bank still offers the highest 3.6% for 12 months. 3.1% to 3.35% is common with all other banks. 1 month FD is mostly at 3% to 3.05%. Most of the foreign banks continue to offer lower FD rates. Base Lending Rate Most banks offers 6.6% now except JP Morgan Chase offers the lowest at 6.2%. Saving Accounts The Bank of Nova Scotia offers 2.05% while Bangkok Bank and Bank of Tokyo offers 2% CIMB Air Asia Saver Account offers 1.6% Don't forget you can get a simple widget like above to show on your blog / web site. Just visit here to see how. Car Loan Maybank continues to offer the lowest car loan rate starting from 2.7%. However, this is NOT a standard rate apply to all applicants. The actual rate can range up to 4.3%. Alliance bank on the other hand offers 2.8% to 3% which may be a better deal in general sense. Bank Muamalat offers 2.85% for both New and Used cars but it requires an admin charges of RM600. CIMB offers 3.25% for used cars. Don't forget Car Loa...

Malaysia Best Rates 2010 March 11 update

1 month Fix Deposit Most banks offer 2.25% now except a few ones. Most of the ones who are still stuck at 2.0% are international banks like Bank of China, JP Morgan, Bank of Nova Scotia and Alliance banks. 1 year Fix Deposit Highest offered rates is 2.75% by Affin Bank, AmBank, Bangkok Bank, Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, Hong Leong Bank, Malayan Bank. Base Lending Rate Most local banks stand at 5.8% now with Affin offers the lowest at 5.75%. International banks offer lower rate starting from 5.50% by Royal Bank of Scotland. Saving Accounts Kuwait Finance House continues to offer highest saving interest rate in its KFH Savings Account-i at 1.5%. This account is also very simple and straight forward. Other than that, Standard Chartered's Al-Wadiah Savings Account-i offer 1.0% for up to RM 10,000 savings. CIMB's Air Asia Savers Account and Mudharabah Saving Account-i also offers 1.0%. Other accounts who seems like offering high interest rate but require high am...

Charge your future usage : how did it happen ?

The way credit card companies forward calculate interest has sicken many users. Together with the 5 cents round up mechanism , there are cases where its not even the users fault not to totally pay off their last month balance. Some are still in shock how consumers can be abused in such a way. Well, this is how ... Credit card companies used to charge 18% interest on the amount you underpay and owe to them. Seeing that this high interest has caused many people in debt and even bankruptcy, banks are urged to reduce that rate. So the project of multi-tier interest rate was born. If the amount you owe is not that much, banks may reduce that rate to 13.5% for example. Like wise, if you continue not to pay, banks will have the rights to charge 18% interest again. So lower interest rate is imposed on lower loan amount. So far so good isn't it ? Well, banks are going to give you more. In addition ... We will give you 22 days interest free on all transactions, if last month outstan...

BEST rates in Malaysia - update 2009 12 26

Although Fix Deposit rate stays at 2% for 1 month and 2.5% for 12 months but generally FD interests are 'starting' to rise. This is inline with the speculation that interest rates will be raised by Bank Negara ... and its just a matter of time. This trend will affect both FD rate and BLR. Three Banks have the lowest BLR since mid 2009 : 5.25% The Royal Bank of Scotland Berhad Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad J.P.Morgan Chase Bank Berhad But most loans come in terms like BLR + or - another numbers. Remember to compare your own true and effective loan rate including fee++ before deciding on a loan package. Usually these lowest BLR banks also offer less attractive effective final rates ie. BLR - a lower number. Some other deals that follow strictly on BLR on the other hand, would be great to deal with these banks. The highest saving account interest is 1.88% Mudharabah Basic Savings Account-i by CIMB Bank Berhad minimum deposit RM 20 interest calculated daily...