Banks are chasing after cheap deposits to balance out the loan-deposit ratio (LDR), with some offering fixed deposit rates as high as 4.5% per annum for a 12-month tenure on a promotional basis.
In a survey by StarBiz on conventional and non-conventional banks, the promotional rates offered were on average 100 basis points higher than the rates displayed on the boards.
Among the highest promotional rate being offered by a conventional bank is Malayan Banking Bhd that is offering 4.5% per annum for a 12-month tenure, with the offer valid until Nov 30.
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In a survey by StarBiz on conventional and non-conventional banks, the promotional rates offered were on average 100 basis points higher than the rates displayed on the boards.
Among the highest promotional rate being offered by a conventional bank is Malayan Banking Bhd that is offering 4.5% per annum for a 12-month tenure, with the offer valid until Nov 30.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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