yes u can.

if you wan PIDM covered, i think OCBC is best?

can read back few pages back, discussed many times. should be 4.5% 3 months. but must be FD 2:1 savings account.

rm2000 in FD, then need put 1000 in savings account.

yup 5000 fd, 2500 savings.

minimum 7500, sorry gave wrong numbers in the earlier example

minimum RM7500 =  rm5000 in fd, rm2500 in Savings. not minimum 7500 in FD..

Up to 4.88%?Sound like a step up promo - unless you can tell us the T&C else no advise. CIMB isn't well known for high % for FD

For OCBC - the effective rate is close to 4% if you deposit RM1k into your saving account every month.

http://savemoney.my/best-fd-rates-in-malay...1-for-one-year/

Yes you see its a combo of FD with Smart Saver (SS) account

For the smart saver account - on monthly basis interest rate as below

RM0 - 49.99 = 2.4% on your SS account balance
RM50 - RM999.99 = 2.75% on your SS account balance
>RM1000 = 2.9% on your SS account balance

Just deposit RM50 every month into your SS account, you'll get 2.75% still not bad.

But if you at anytime make any withdrawal from your SS account - it will go down to 0.5% only.

For short term placement - look no further and go ahead with OCBC - personally i don't think CIMB's offer is that good based on their past promos. Probably a step up program where they offer very lower rate for first 5 months and 4.88% is only for 6th month.