I have been following this thread for awhile and im just starting out with putting my money into fixed deposits. Id just like to ask why not many people are putting their money into bank rakyat since it has the highest fixed deposit rates. Is the reason mainly because it is not insured by PIDM?

I see thanks for your reply. I was considering just depositing a small amount, about 10k at 4.01% for 12 months. Theres a branch in taipan so its relatively convenient for me. Other than that, overall is bank rakyat a good bank to deal with?

I was also looking at placing some money into Mach by Hong Leong but it appeares that their minimum deposit is 10k regardless of tenure.

This post has been edited by lamhewtot: Jan 29 2013, 06:44 PM