Actually do not follow blindly what banker said.
Also if one want to put in AUD FD, means one is looking for long term, near term movement is not that important.

Generally, I do not advise people to put foreign FD for
1. Discrepancy of exchange, aka try to buy low, sell high as exchange rate spread can "eat" most of the profit can be made, unless through DCI, which is another front/different story.
2. Chase after yield discrepancy, as exchange rate spread can be more costly than the yield difference.

The primary objective of putting foreign FD is to diversify, to hedge against RM depreciation. (yes, you can 'lose" if RM appreciate, this is the price to pay).

We do not know when the trend reserve, normally whenever bulk of bankers told it is bearish or bullish time, normally it is "too late".
Just like very few people/banker made a call when AUD was 0.60 (vs USD time), as well as make big buy call when DJ was 7000 time. But we see lot of buy call or bullish view currently with DJ is 15k...
Same with gold, little made sell call when gold hit USD1900 time.

No offence to any bankers, to be fair, there are some good bankers, and some good call made by bankers as well.
Not every banker is the same.

UOB eAccount (CASA) revising their Interest Rate from 1 June 2013



You can temporary place funds while waiting for better promo FD rates

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

Ah...!! You probably missed out our discussions about MACH FD in the earlier pages where fund in the MACH SA can be GIRO out to any bank account at the cost of 10sen per transaction up to the limit of rm10k per day.
From now on, you don't have to 'spend' your money in order to 'cash out' fund from 'debit card'.
By the way, HLB actually don't credit the FD interest into your debit card, instead, they credit the interest to your MACH SA in which a debit card linked to this SA was issued to you.

The max monthly interest you can earn from MACH FD 4% promo is approx Rm833.33 due to the max deposit cap of rm250k. So if you wish to maximize the compounding interest, rm833 is sufficient enough to make a FD placement.

You win, merchant win and HLB also win. 

just take 3.20% pa. approx, you get paid 3.20%/12 or 0.2667% per month.
compound that over 12 months, u get 3.247% or say 3.25%.
that comes nowhere close to 3.5-3.7% offered by most banks for 12mths.
the difference is the premium u lose by keeping the flexibility on 1 month maturity.

All that hassle for RM18 a day?

Wooo...calm down everyone. This is not RWI and dont make me headache reading all that  Let's go back to our favorite topic, FD promos