Interest Rates

One of the revelations that struck me as I embarked on my journey back to Malaysia was the difference in interest rates. Prior to this, I have been ignorant of the vast difference in interest rates (IR). Let's do a simple comparison.

The following IRs are accurate as of 25th July 2011.

Maybank Fixed Deposit IR (SG)

Maybank Fixed Deposit IR (MY)

RHB Fixed Deposit IR (SG)

RHB Fixed Deposit IR (MY)

One can certainly leverage on the better IRs provided by the Malaysian banks if you are into FDs. If you are concerned over the fluctuation on foreign exchange, you can always open a multi-currency FD account. Quite easily done, I'd say.

=)