Thanks for the reply, cybpsych and gsc 
No, I plan to keep this amount in FD for 6 months or more. I am pretty sure that I am not going to use it for the next 6 months or more. This is at most the maximum amount I can set aside for now.
Really? I am wrong to think that other than Affin Bank and Hong Leong, we need to have RM 10k or more to open a fixed deposit account.

So, which bank would you guys recommend to me, based on my situation?

On a side note, I read in this forum that someone open multiple fixed deposit accounts, of RM 1000 each. That way, he can uplift one account in case of emergency, without affecting other fixed deposit accounts. Which bank would allows us to open multiple fixed deposit accounts, of RM 1000 each?

Example :

You have RM2000 cash in hand. You go to affin. Tell the counter I would like to place FD for 1 year. Make the FD into 2 accounts. Each with RM1000.

You will then be issue 2 certs. One cert containing RM1000

then should put into rubles 1mth 7.4%,  1yr 9.5%
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and for the risk takers out there, it might... it just might be a good time to put in there ....

all time low now (see chart) put in for 2 yrs, sure rebound when mature 

There are foreign currency account which available in local banks, whereby you can deposit AUD FD, if want to diversify outside RM.

hahaha. Bro, you want to take a big sum of your money overseas for what? You going to live there in the future?

And to answer your question:-

1. Open an account overseas - for example go to Australia and open a Transaction Account or USA to open a Savings Account. You can do so with tourist VISA.

2. Fastest way to transfer "big sum" of money is by performing TT into  your foreign account. Or you can click here and read my article Melbourne Victoria Australia posted back in 2012 where I talked about Citibank Global Transfer where money in your Citibank Malaysia Account is transferred immediately, i.e. on the spot the moment you click the transfer button, into your Citibank Australia Account.

That was easy. Now come the hard part:

1. What reason are you going to give BNM that you need so much money overseas?

2. The other country (especially USA and Australia) will also want to know source of your fund and may freeze your fund until you proof that it was gained via legitimate means.

3. In addition to foreign government wanting to know source of your fund, the overseas bank may also want to know the same and will freeze your accounts with them until you justify source of the fund.

bbgoat - take note of item 1 above and you will understand why I asked you to give me a "honest" answer to the question on overseas investments where I said it got noting to do with yield.

TO ALL CIMB Customer:

Go talk to your RM, they got a good 12 months FD deal if you not interested to deposit with UOB Christmas Promo.

+1 for prodigenous zee's sugestion to ask them directly.

my guess is you might get half of the contracted rate if you have held it with them for minimum x mths. Not very helpful, I know  , but that's the normal arrangement with most banks. Except BR of course 

pls update us what they say. TQ

Bro, at the rate BNM keep imposing new red tape, in few years time you may not even be allowed to transfer or take out more than RM1K like what happened during the 1997-1999 years!!!

how can he peg rm3.8=1usd?

since he can peg, why not peg rm3=1usd?