Why nobody mention Bank Rakyat? Not bankkah? Or the bank not covered by PIDM? For me the rate offered is the best among all the banks mentioned currently.



Profit Rate » Qiradh General Investment Account-i

Qiradh Investment Account-i


Period of Investment (month) Rates (%)
Corporate Individual
1 2.90 3.26
3 3.05 3.65
6 3.10 3.75
9 3.20 3.85
12 3.25 4.01
15 3.25 4.05
18 3.30 4.10
24 3.45 4.20
36 3.50 4.25
48 3.60 4.30
60 3.70 4.50
> 60 3.70 4.60






Visit Counter v1.1 Visitor Counter


Last Update v3 Last Update : 14 November 2011, 04:43 PM







Journal Content

Term & Condition | Privacy Policy | Security Policy | Disclaimer
Copyright 2011 © Bank Kerjasama Rakyat Malaysia Berhad
Best viewed in IE 7.0 & above and Mozilla Firefox 2.0 & above with 1024 x 768 resolution

I did check their FD rate last time (about a year ago) and the profit rate was never this high. It was higher than most other banks but by just 0.2%-0.3%.

Anyway, thanks a lot for the info. I might just consider this bank next time. There just opened a new branch near my house a year ago

wow is this for real?? 1 year = 4%?

This post has been edited by soul2soul: Nov 21 2011, 02:44 PM

Thanks for the info

4.01% for 12 months! Updated 1st post.

bank rakyat got online fd?

Please refer below FAQ from their website.



Frequently Asked Questions

--------------------------------------------------------------------------------

INVESTMENT ACCOUNTS

Can I open a new Investment Account via Internet banking?

No, you can’t open a new Investment Account or a new Certificate-i via Internet banking. To do so, you will have to approach your account branch.

Which bank allow you to have online FD without having an account before?

HSBC

Same as regular FD, just that this is Shariah compliant.

yes, it is protected up to RM250K as per PIDM account classification. If you go to Bank Rakyat home page, you can see PIDM logo too. Want to confirm further, go to www.pidm.gov.my

While I have seen PIDM logo on their website please call 1-800-88-1266(PIDM toll-free line) for more details and report your findings here if you are interested.

I dont have data to verify but just gut feel that Standard Chartered Bank 5% interest applies to average daily balance. Thus it may be better of to continue in other bank in Dec rather than take it out when mature and deposit into Standard Chartered especially when the amount deposited is extremely small compare to the existing amount.

what's the different between regular FD and Qiradh General Investment Account-i?

http://www.bankrakyat.com.my/web/guest/pelaburanqiradh

Al-Mudharabah (profit-sharing)
Al-Mudharabah refers to an agreement where customers deposit capital in the Bank, and the Bank becomes wholly responsible and liable in the management and investment the deposits in halal business ventures. Profits gained will be divided and distributed accordingly, based on margins agreed upon earlier.

the board rate is 3.26%pa if u deposit 1 month
http://www.bankrakyat.com.my/web/guest/125

But u need ask what is the profit sharing ration between bank and client. That the tricky part

regular FD > not shariah compliant
Qiradh GIA-i > shariah compliant

Is this an investment account? or just like regular FD? with no hidden charges.. ?

Well, FD is a kind of investment too but to make it simple, yes. It is just like regular FD with absolutely no hidden charges.

Thanks!.. is it open to all public (non-bumi + bumi)?

I visited the website of Bank Rakyat. It seems it wasn't opened to anyone. I only saw Qiradh General Investment Account-i offers, no other FD offer.

Yes. Any Malaysian citizen can open this account and is eligible for the published profit rate on the website.


What are you talking about ? Qiradh GIA-i is the FD of Bank Rakyat.

Is Qiradh GIA-i opened to non-bumi?