Almost every bank now is advertising higher interest rates to woo depositers. And now it’s UOB’s turn. They are now offering 3.55% for 5 months fixed deposit and 5.90% for 1 month New Zealand Dollar foreign currency deposit.

Again, you have to read the fine prints to get the full picture…

Read more about Higher Returns With UOB Deposit

The fine prints:
a) Minimum deposit of RM100,000
b) Minimum tenure 4 months - 1st month 4.88%, next 3 months 3.00%
c) Minimum tenure 7 months - 1st month 5.25%, next 6 months 3.15%

Read more about Public Bank FD Rates Of 5.25p.a.?

Financial products in Malaysia are really getting more sophisticated. Maybank has introduced a structured deposit cum investment product. Structured investment is a form of investment that can potentially bring about higher returns compared to fixed deposits. But as we all know, risk and return always goes hand in hand. Hence, structured investment also comes with higher risks.

Read more about Maybank Al-Sayf Structured Islamic Deposit - Commodities Investment

Want to earn a higher returns than fixed deposits without the risk of capital loss? This Islamic savings-cum-investment plan may be what you are looking for.

Read more about CIMB Islamic Max InvestSave

79% p.a.? This has to be the highest we have ever seen in Malaysia. How is this possible from Hong Leong Bank? Here’s the catch…

Read more about Hong Leong Bank Inflation Buster - FD Interest Of 79% p.a.?