Here are the latest rates that I’ve extracted from Bank Negara’s info website (www.bankinginfo.com.my):
Fixed Deposit Rates
All banks are offering 3.70% over 12 months for fixed deposits (FD’s) below RM1m except:
Alliance 3.80%
Ambank 3.80%
Bangkok 3.75%
Deutsche 3.75%
EON 3.80%
Nova Scotia 3.75%
(info updated by BNM on 16 January 2007)
Base Lending Rate (BLR)
All banks have adhered to Bank Negara’s prescribed BLR of 6.75% except:
Affin 6.8%
Citibank 6.8%
ABN Amro 6.5%
JP Morgan Chase 6.25%
(info updated by BNM 15 May 2006)
However please note that the effective housing loan rates that you pay on your bank loans will be dependent on the type of loans (fixed, variable etc) and packages (eg BLR + 0.2%) entered into.
February 5, 2007 at 12:05 pm
Hi there Emily,
I was introduced to your blog last month by one of my colleagues and wanted to share how much I enjoy reading it. I’m relatively new to money management and have learned a lot from reading your blog already. It’s great stuff, looking forward to your next post!
Best regards
Sharmila
February 11, 2007 at 3:41 pm
Hello Sharmila – thanks for your comment. Glad to hear that you enjoy TOHTMYM and to meet a fellow money blogger!
May 22, 2007 at 1:57 pm
Hi Emily i just find out about you through the website, may you kindly send me more information about fixed deposit and how can i join your club
Thanx
Zodwa
June 12, 2007 at 2:56 pm
Hello Zodwa
I have no “club” right now but you can click on Subscribe to My Feed on the left column of this page to receive notifications when I put up a new post. You will need a RSS program like RSS reader to do this — can be downloaded free over the internet. Just google it. Cheers
June 25, 2007 at 3:28 pm
Hi, What is the past 10 years trend ( range from lowest to the highest? )of BLR in Malaysia?
thank you,
SY
December 9, 2007 at 3:49 pm
Hi Emily
Just to get ur thots, what do u think will happen to RM in particular and M’sian economy in general come 2010 when M’sia becomes net oil importer?
January 18, 2008 at 11:56 pm
Hi,What is the past 15 years trend (range from lowest to the highest?)of BLR in Malaysia?
thank you.
March 2, 2008 at 8:03 pm
hi Ryan
Between 1980-2006, the highest it’s been was around 12.25% in 1984 and the lowest was 5.98% in 2004. The average is around 8.08%…and more recently the average over the last 10 years is approx. 7%. More can be found at Bank Negara’s site here: http://www.bnm.gov.my/files/publication/msb/2008/1/xls/4.1.xls
May 20, 2008 at 11:51 am
hi… need tips on first time house buying from A to Z in layman’s terms… please help. Thanks!
April 21, 2009 at 6:41 pm
[...] You always get the latest information from Meshio, the 2007 BLR list, the 2008 list and the latest 2009 [...]
September 30, 2009 at 2:44 pm
Hi,
Do you know why the interest rates for FD placement of more than 12 months is lower generally across banks? Also why is there a cut-off rate of RM1million? Appreciate your reply & tks much in advance