FD is a very safe investment, therefore risk free. If you plan on getting higher returns, you could diversify your investments. putting a portion in FD for liquidity purposes while putting others in unit trusts or various other investments
If you dont plan on investing and just want to earn more interest on the savings you have, you could always put a portion in long term FD and more on 1-month FDs incase you need to use the money

In the next few days, maybank will be coming out with a merdeka promotion. 3 months FD at a pretty attractive rate

the current promotion, just released yst is merdeka promotion
3.1% for 3 months FD, and when you renew it, you get 3.10 again, however it is subject to the fluctuation of the OPR and BLR rates
this is for fresh funds btw




Correct. the fd rates will change when OPR and BLR rises. however when u enter a 1 year agreement. you are locked in for that 3.30% rate. if in the future, the rates drop, then you would have done better as u have locked a higher rate. however if the rates increase, you are locked in at a lower rate of 3.30%

there are risks, however very minimal as its only if the bank chap lap lol