New retail bonds by CIMB... more or less as safe as FD unless the bank close down. 

Offer period:                        8 November 2012 - 7 December 2012
Minimum investment amount: RM250,000 in multiples of RM5,000
Tenure:                                  Up to 10 years, First Call Date no later than 5 years from Issue date
Indicative Variable Coupon: 4.80% p.a.** referenced to 6-month KLIBOR

Principal will be returned on call or maturity date by reference to CIMB Bank Berhad Tier 2 Subordinated Debt (rated AA+ by MARC)
Receive Fixed Coupon of indicatively 4.00% p.a.* if investment is flipped or if the investment is not called (after year 5)
Transparent payoff features with assurance of daily prices and liquidity

Looks like a good deal if anyone wanna lock in very long term yield, interest paid every 6 months.

With bank and government advertiseemnt on PIDM protection, there is explanation from where and how PIDM get the money to protect the depositors money in the bank. PIDM gets the money from the members bank to join as the members and now they have included insurance company to pay the money yearly as well to be a member and claimed to the public it is PIDM protected. There is no financial reporting nor statement reported in the public on PIDM perform yearly and also no transparency on the mechanism on how it get the money to protect depositors.
I guessed this is another government "initiative" to collect money.

Where are these 4% and 6% derived from ?

What about the following year (second year)?

I don't know how PRS works but for the tax exemption benefit, I doubt you can enjoy it again for the second year with the same RM3000 balance brought forward from first year. 
I guess only additional fresh fund in second year gets the tax relief for the second year. The 1st year deposit no longer entitle to claim tax relief.  With that in mind, you may not achieve the above returns.

How do you get the 20% return in 5 years on a deposit of RM3000 if:

1)Tax benefit is just for the 1st year.
2) PRS ZERO return for the 2nd to 5th years ? 

Press print screen button once > patse it on Paint > crop it > save as jpg file type on the desktop.

Attachment > choose file from desktop > add this attachment > add to post.

I don't need the calculation, just wonder where the return comes from, from 2nd years onwards when PRS zero return.
Assuming you only invested rm3000 for the whole tenure of 5 years.

My opinion is, I don't think IRD allows you to claim 5 times tax relief with single initial rm3000 investment.

I see. If you have a large taxable income under 26% category you may also want to add on the below tax deviation planning:

The benefits are better than PRS though.

Skim Simpanan Pendidikan Nasional (SSPN-i)

* Tax relief up to RM6000 each year per IRD income tax account (Budget 2013) for "INCREMENTAL NET DEPOSIT" each year.
* 2011 dividend paid out was 3.75% and 2010 dividend paid out was 3.25%
* Free Takaful insurance cover.
* No 5 years contract, can withdraw and deposit any time.

Condition: You must open a children account.

Please input to your spreadsheet and see what is the return after 5 years ?

why la the banks have to make things so difficult for the depositor ? Really dislike those promos where the ask you to deposit a certain sum in FD and CASA. Can't they be straightforward? And BTW, how come Bank Rakyat's rates is in a class of its own ? No other Islamic banks can even come close.

Went to BR branch at DU just now, tried to nego the rate with the staff, ended up he told me that I need to have at least 500k before I can nego the rate.

I told him that someone can get better rate for just 100k and asked why your branch can't do the same? He said different branches have different policies about the rate, and 500k is the min requirement before I can talk abut the rate with him at his branch.

Does anyone here have this kinda problem? For me he looks like doesn't want to make the deal with at all, or maybe this's the policy for this branch.

bank rakyat? so good deal 3.8% for how long