1. yes
2. no - unless you withdraw before your term is up
3. yes - during the term, will change during renewal, if the rate changed
4. yes - current offer by CIMB for 3,10 and 15 months

1. You take short term if the money you might want to use. If not then take long term. All my FD is 1-3 months only. As these are short term funds for me, if I find better opportunity.

2. Interest is accumulated until the FD term ends, so your funds are not compounded.

3. Unit trust is other type of investment, unless you are already planning to buy unit trust (and know what to buy) don't join this plan for the sake of higher FD as you are paying about 5.5%-6.5% fees for the unit trust.

4. As above FD plan with unit trust have fees. Look before you jump. Don't take if you just want FD without the UT.

5. Unit trust look for long term report (>5 years) performance vs. benchmark and peers. Use morningstar or standard and poors rating. You can find them online or just go buy a personal money magazine (RM 9). Read the annual report and the factsheets. Don't be attracted to short term gains. Remember all UT have HIGH fees (initial & yearly) and you MAY lose money (economic downturn). 

That being said, I have have a substantial amount in UT, but carefully picked. If something is given on offer, usually it is because no one wants em. 

Bond funds have sales charge ranging from 0.25% to 3%. Yes, PM have one of the lowest bond sales charge of all UT companies and also AMBOND has 0% charge. The FD promotion is for equity funds only, hence the high sales charge. 

hi guy,
any1 have any idea which bank have the highest FD interest rate now?? i going to renew my FD next week...just wondering which higher currently...

The annual report for 1 malaysia amanah saham : http://www.asnb.com.my/AS%201Malaysia%20-%...%20-%202010.pdf

ANyone has the idea of when does this Unit trust be opened to public?

if i were going to FD 10k in a bank, do i need to have a saving account first?

For Public Bank e-banking, there is an option to place FD there. However, it says gotta collect some cert within 2 days from the bank. Is that necessary?

hi guys,

Need some help here.. what bank currently provide the highest FD rate for short term saving saying 1 month o 2 months? just rm5000 only

Thank you

yes, for the small rat like me, the difference in its rate, does not really make much a difference, so, no nit the hassle when banks come with some promotion on their fds

Cimb bank 3 months : 3.0% p.a

AMbank 6 months:  3.28% p.a

any catch in these FDs?
What is the best way to transfer fund between local banks? I heard interbank Giro only allows maximum 5K to be transferred per day. Banker's cheque is Rm5 right? Any other way to transfer fund?