Hi all seniors,

What's OPR ?
What's the best offer for FD rate if I want invest 10K on it ?

Bank Rakyat hv 3 diff FD. 1 is fluctuating int, 2nd is fixed int, 3rd is senior citizen.

the brochure that i hv says return UPTO 4.6%

if u already know, why ask?
not that waylah,the board rate will fluctuate-, however dont ask me as havent try it

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Added on April 17, 2012, 10:34 pm

for normal fd min is around 5k, warga emas if im not wrong is 2k

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Added on April 17, 2012, 10:39 pm

just request from counter & they will referto hq

im not sure whether its because the amt i deposit is quitelarge, anyway try ur luck

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Added on April 17, 2012, 10:45 pm
for Malaysian bank to collapse is like striking lottery,  

if not mistaken is registered under mof as coop bank.

those days(joe bugner/mohamad ali days) it nearly collapse ,luckily gomen gave capital injection

ask MGM , who just deposit under Qiradh as mentioned is flexi n not fix while i deposit under Mubeen which is fixed

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Added on April 18, 2012, 4:39 pm

btw we are discussing Bank Rakyat not Maybank conventional fds

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Added on April 18, 2012, 9:49 pm

just to highlight a few terms that we should be aware of when dealing with fixed deposits or dealingwith banks.

UP TO  - does not mean you will get the rate shown.e.g UP TO 6% means can be 0.01% to max 6%

INCREMENTAL - certain banks used it to mean increase from base amt for 1 month only. I was nearly trapped, luckily spend sometime figuring it out.

RETURNS - does not actually means interest. could be capital returns

my sister inlaw went to a certain bank to deposit a large amt meant for fd. instead using high level of confusing terms the bank RM signed her up for a scheme that up to today she doesnt know what its called, n neither could i find out without offending her. that scheme is for a great number of years.
so where money is involved i can safely says - DONT ASS..u... me

but rest assured in a world of hypocrites, i am 90% sure flexi or not rates wont be lower than those fixed(same bank of course)