Bank Rakyat has got the highest FD rate so far. But, I heard it's not insured by PIDM. So, is it safe?
FD Bank Rakyat
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 Sep 10 2013, 01:51 PM, updated 13y ago
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#1
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Junior Member
62 posts Joined: Nov 2012  
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Sep 10 2013, 01:56 PM
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#2
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Senior Member
1,484 posts Joined: Oct 2007 From: Diamond Bay  
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correct. Bank Rakyat is not protected by PIDM. That's why they offer higher interest to attract customer
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Sep 10 2013, 02:08 PM
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#3
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Senior Member
878 posts Joined: Aug 2008
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Not protected by PIDM will cause what ? Pls advise me.
I intended to get the personal loan at Bank Rakyat, ok or not ? Does not protected by PIDM affecting my risk higher ? |
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Sep 10 2013, 02:16 PM
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#4
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Senior Member
1,031 posts Joined: Jun 2008
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means if bank bankrupt, your FD gone.
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Sep 10 2013, 02:32 PM
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#5
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All Stars
17,504 posts Joined: Feb 2006 From: KL
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QUOTE(YuenZhao @ Sep 10 2013, 01:51 PM) Bank Rakyat has got the highest FD rate so far. But, I heard it's not insured by PIDM. So, is it safe? risks vs benefits. if you have a lot of money, then i suppose the extra 1% wun make a different to you relatively speaking. on the other hand, if your funds is not that much, that extra 1% might not worth wasting your time for parking and line up and so. |
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