Better keep the quote, as every now n then people keep asking...

You trust PIDM or Government ?

refer to page 1, choose the bank you like, call them and share with us the outcome

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

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

I suspect Bank Rakyat just lost RM75mil after it bought fake gold.

Bank Rakyat FD is not protected by PIDM, but is guaranteed by the Ministry of Finance. Min deposit is RM10k.

On the contrary, many here do highlight Bank Raykat "FD" rates over and over again like you but there's nothing much to discuss about it since it is straight forward.

Same goes for Affin's 12 month 3.6% which is much better than most commercial banks' promos, but there's nothing to discuss about it too.

On the other hand, other banks have limited time promotions, it is highlighted/discussed so that others are aware of options out there. And most of these promos have T&C attached to it so we discuss about them to work out the effective interest rates. And most "confusing" T&C is by SCB with their ADB requirements for savings account.
More stress and riskier job = Big Money 

Yup, thats why has to belanja Starbuck cofee virtually for some kind soul to simplify it..

Not necesary riskier job= Big money.. Nowadays all sorts of compliance documents plus answering NC (non compliance) queries plus plus all sorts of audits (more than 6 per year) plus all sorts of certification plus plus all sorts of meetings plus all sorts of reports = no actual work done = hypertension + heart problem..

One of my staff (hpertension + diabetic) went for optional retirement. While finishing his accumulated leave (optional retirement already approved) , met him and announce his hpertension + diabetic reading has went back to normal..he..he.. Unfotunately before he finished his leave, received a letter stating LHDN will tax him hard for his gratuity n now he is back to work..

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Added on July 31, 2012, 10:58 am

I am with you, complicated turn me off thats why unless some kind person simplified it, otherwise no..no..

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Added on July 31, 2012, 11:24 am

just correct the figures enough maa no need negative comment ..

Bro, if your logic refers to greed, yes it is human nature  However each of us also have different views and opinions and who is to say what is right or wrong? Having said that, if a financial institution is offering you like 8% for 12 months FD today, then I guess you better ask yourself how is that possible.

And you got to understand that Fixed Deposit and Bank Rakyat Islamic Investment Account are actually different. The Bank Rakyat's products are based on profit sharing principles, so with my little or no knowledge of this profit sharing meaning, I would think logically if they are making more profit, you should be getting more in dividends and vice-versa right? But this is not the case.

Anyway, go read the last few pages where it was discussed about your money being insured by PIDM versus government of Malaysia. Also do a serach on Bank Rakyat to read more on previous discussions.
Oh, by the way, I wanted to salute you earlier but forgot. With you depositing RM1K everymonth, that's commendable