Public Bank Fixed Deposit Rates as at 29/04/11 2.75% p.a. aaiiyoo

Check eFD, not available. Looks like I need to deposit at the branch. Isn't this so inefficient?

https://www.pbebank.com/en/en_content/perso...ates/index.html

Take AUS dollar as an example,
selling 3.169 and buying at 3.082,

assuming you buy now and sell immediately and the exchange rate didnt change at that instant,

you already loose out 3.169 - 3.082 =0.087

0.087/3.169--or 2.74

FD rate 5.45% - 2.74% =  2.71% net interest which is worse than local currency FD (assuming no change in exchange rate)

every investment got risk. Foreign currency FD principal is 'protected' on the face value of the foreign currency. interest rate may fluctuate as when bank declares. Same as local currency FD when mature you either have to convert back to RM or keep renewing it till the exchange rate is favourable to you.

"eg: affin bank says 3.8% but at the end of the tenure not really 3.8% right?" not sure about your statement but if local FD it is fixed unless it is Islamic type like BSN then the dividend is projected.

You want cheaper exchange rate, then can go through DCI method.
You can exchange at spot rate instead of normal high spread counter rate.

There is still point to keep AUD.
Last time, it was 2.7~2.8, even taking the high spread, you are still earn decent capital gain, plus the higher interest rate 5% vs 3% of RM.

FD really hopeless, might want to invest in GOLD soon since GOLD price increasing.