CIMB currently have a FD promotion for senior citizen above 50 y.o. 1 year FD at the rate of 3.8%p.a., you can joined name with your parents/grandparents if u have not reached 50.y.o., Minimun deposit is rm30k. can call up CIMB bank for more details.

Only certain branches offer it. I got the brochures from CIMB, TTDI Branch, Kuala Lumpur. and for limited time only. The promotional heading is "Weekend FD Offers" hotline number to find out more is 1300 880 900. This offer only apply if u deposit during the weekends. Beside the special rate every RM30K that u put also entitle for special prize.

The officers shared with me, they will have this promo on branch to branch basis, it is not a nationwide promotion, as they have many depositors withdraw $ and put in PNB products and other saving scheme, especially the wealthy senior citizen. So they need to start this campaign to gather deposits.

It shows that how badly the banking system need deposits, besides CIMB, many other also have FD promotion...

rm50k and above

The best FD rate in the market now is CIMB's Golden Time FD, for those 50 years and above, 3.5%p.a. for 60 months tenure.
Interest paid out on monthly basis, and have flexibility to withdraw

this is not a trap & not linked to UT, u dont get much different from any other banks, the average interest rate is 2.45% over the 8 months time.
For forign FD, u have the exchange risk, unless u forsee AUD will appreciate, otherwise it is not advisable to put in foreign FD, the conversion of MYR to AUD and then AUD to MYR when u withdraw will cost u a bomb, bank often give bad rate compared to money changer.