Wow, I was actually waiting for today, 1st March, to roll around as I wanted to see how much CIMB will give me for my three-month FD placement on my CIMB FRIA-i Fixed Deposit.
Last month, all I received was 2.35% p.a. You can say that I am pretty shocked with this low, low rate of 1.85% p.a. this month. Frankly, AmBank’s AmCash Guarantee 21 is looking increasingly good with their guaranteed of 8 – 10% cash back every three-year interval.
I am actually pretty disappointed with this rate, almost halved what I received when I started my FD placement with CIMB FRIA-i last year but I guess, after three rounds of cuts by Bank Negara on Overnight Policy Rate (OPR), there is still some percentage left!
low Fixed Deposit interests are for conventional Fixed Deposits and for our savings in regular savings accounts but even as I lament at the low these low, low rates, those who have loans would be happy. I guess I should take out a loan to purchase a car or a house too!