perhaps put in foreign FD can give much more diff.

97/98 recession, managed to hit 8%+ for FD and 10%+ BLR...
weird that 08/09 recession were upside down... 
any clues about it?

Well, this time around is totally difference because just a simple question where the bank can invest? Stocks? Property? Commodity? Insurances? bonds?

the whole capital market is in the mess. The US in deep trouble (I guess some who hate US every much should be celebrating, "US is an evil!" "Boycott US!" Congratulations! dreams come true!).

Nowadays, bank avoiding you all to put in money, because your money in the account is their burden. They need to pay you interest.  No income generated. They rather want you get loan from them. That's why for last 10 years, bank very keen on credit card, housing loan and etc. All the product is you paying them interest. Bank need to answer to their boss, the shareholder on the capital return or dividend. Did you notice now bank try to minimise their cost, putting all machine rather than teller. Teller is a cost to them, i.e bank benefits and so on. They most of the bank want sales people and create a lot of marketing company to run the sales. So, these people cannot enjoy bank benefits. (Another way of reduce cost).

Start having ridiculous charges. ie. if you saying less than RMXXXX, they will charges you admin, processing fees (whatever name they like to use). Need introducer to open an account, must have employment letter and so on.

Why interest rates is decreasing? To increase the money flowing into the market i.e want people to spend/invest. (need a period of time to see the results, works or not, I dunno )
Imagine everybody is keeping the money and not spending/invest.

=> companies less business
=> less business => no increment, no bonus, retrench
=> people earn less
=> more people not spending
=> companies no business
=> companies close down
=> unemployment.

Just a basic example. hahaha Any sifu out there can enlighten me if I am wrong. 

wah so unfair.  but the certificate clearly says 3% and how could they change it unilaterally?

Wah, like this also can.  It is so unfair.  I tot the interest rate is printed on the FD and that it becomes a contract and binds the bank.  Will double confirm with the Bank again.