Bank Rakyat with 3.65 for 3 months. Minimum RM5,000.

Source: http://www.bankrakyat.com.my/web/guest/125

It IS a fixed deposit, albeit in Islamic terms. I would advise you to pay a visit to the nearest Bank Rakyat for more information as the review is kinda mixed in this thread.

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

The calculation is more or less right; you'll earn approximately RM172.60 from the RM20K.

FD is a low risk investment so yeah, whether it's worth it or not is subjective to everyone, depending on what you're comparing it against.

If you're comparing it against a normal savings account, then yes, you'll earn a lot more. On the other hand, if you're comparing it against some higher risk investment such as forex, trust fund & others, then it's definitely less exciting.

Low risk, low gain & vice versa.

This post has been edited by talexeh: Jun 22 2012, 01:59 PM

It's never too late to learn as long as you're interested & determined enough.

For trust fund, you can always ask around banks or friends who work in financial field. Different banks have different kinds of funds available to throw your money into.

While I'm not very well versed when it comes to forex, I believe babypips.com is a good place to start.

PIDM says no no to that amount.

This post has been edited by talexeh: Jun 22 2012, 03:17 PM

Nothing is free of risk; it's just a matter of whether it's low or high. Even keeping the money under your pillow comes with a certain amount of risk involved.