For young people, I always believe in putting money into investment or savings plan from insurance company. I got one with me paying RM1400 interest p.a for RM10k deposit. Guaranteed interest till you reach 99 years old. Interest can withdraw yearly or roll over. Some what I'll be getting bonuses as well if I maintain the deposit for certain years.

One of the best option to replace FD cos the rate could easily hedge against inflation rate in Msia and also FD rate in banks.