Kindly be informed that all commercial banks licensed under the Banking and Financial Institutions Act 1989 and all Islamic banks licensed under the Islamic Banking Act 1983, including foreign banks operating in Malaysia, are member institutions of PIDM. Membership is compulsory as provided under Akta Perbadanan Insurans Deposit Malaysia. However, Bank Rakyat under Cooperative Bank not compulsory to become PIDM membership because as provided under Development of Financial Institution Act (DAFIA) and Malaysia government. All depositors at Bank Rakyat will be protected by Malaysia government under Ministry of Finance.

Thanks MNet for the helpful info.

i'd like to know too

Do you guys see a point to lock money inside FD for 5 years? How many of you do it?

This post has been edited by soul2soul: Feb 28 2012, 08:49 AM

Yes... when you don't need the money within 5 years

Dear all sifu,

i am doing my finance project.

Do you know where can i get historical FD rate in malaysia ???

Thx sifu

some even locked even longer like my mum.....

currently what's the best FIXED rate

for deposit amount of >70k for the duration of 6 months to 12 months

Full interest after one week?

what's the catch?

also what's the so called 'hassle' about KFH

so far everyone is talking about OCBC 4% rate

KFH 4%, OCBC 4% and Bank Rakyat 4.01%

i really am clueless... so many options here.

are these figures all FIXED?

This post has been edited by lightonokira: Feb 28 2012, 03:16 PM

Bank rakyat offer the highest rate

check it out

Went to OCBC tdy intending to invest in their GA-i product which is supposed to give 4% return after 12 mths. Know what the CR personnel said? No, not guaranteed one, can range between 2-4% depending...WTF
What product in OCBC give u guys 4%? Anyone kind enough to pls clarify?

Mighty saver, 3 mths 4% yearly rate

BTW, receive a mail from OCBC 16 March (Friday) 10pm to 18 March (Sunday) 9am service interruption


This post has been edited by gsc: Feb 28 2012, 10:39 PM

Tks for the reply. Note its not a 12mth product.

can send the link?

Please read previous posts. This matter was discussed earlier. The point is for Islamic FD/Investment, the banks cannot tell you it is guaranteed.


To ALL: Alliance bank also offering 3.6% for 3 months FD Min RM10K. Updated first post, now waiting for tomorrow and see if UOB comes out with new promo.

Received info that UOB FD Promo for 3 months and 9 months placement only extended till March 2012. But 3.75% for 12 months no longer offered.

hopefully they beat OCBC rates

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

bank rakyak one year is 4.01%

grrrr im still using maybank's FD... so damn low the rate.... still using it cos its convenient only, can do e-FD, and everything also online... zzzz

Lazy people gets lower rates... you need to "work abit " to earn more money