So, it is better to go for the higher rate with maximum deposit now, long tenure
also never mind... 

Can recommend which options..? 

Scenario 2:
Seems like the only way is to bring cash. Wondering those requires RM30K fresh fund, do people really bring cash to bank?

Say, if one get the trolley bag/air filter, one can remove the fd from the bank and put in another place right?

After all, bag/air filter is much more expensive than the loss interest right?

just wonder bank open tomorrow?

Wasai, you are faster than me by 1 minute. At least no immediate change of FD promo for now ?

http://www.bnm.gov.my/index.php?ch=en_pres...ac=3200&lang=en

Though more people seems to be pointing towards lowering of OPR, but still wait to be seen. Hopefully change of economic situation make it goes UP !   

is it normal that UOB FD slip doesnt contain any signature from bank or branch manager? Other bank seems to have one..

So, if they leave Malaysia without someone take over their business, what will happen to our deposits?

I small fry swimming in a pool of sharks ................

how much sales charge was the ASNB UT? 4%?

lol.. rhb's sales charge so high   then whats the point go for the 7% 

Call them few days before maturity. Depending on the amt, may need few levels of approval right up to their HQ. That was my experience with them. BM, division mgr then all the way to HQ. 

is bank rakyat ok ka? y their FD acc can gib so good interest rate. not like other bank hoohaa hoohaa... haha... n also how much is their bankers cheque?issit standard price? tq... newbie looking to put good use my extra money..

No pidm because pidm only assure 250k..
they assure everything.. hahaha.

In those days before PIDM, banks deposit are guaranteed by the government to the max of 60k only. Finance Inst and Kooperasi deposits are not guaranteed. In the run during the kooperasi debacle of during the 90's, govy are forced to bailed out the kooperasi using public funds due to political pressure.

As a result of banks run during the financial crisis, BASEL published guidelines for Effective Deposit Insurance System.

Since govt needs to bailout so why not make some money out of it. As it is , banks need to pay certain percentage for PIDM protection.

Bank Rakyat could afford to pay out higher interest rates as their core business is personal loans plus certain higher risk loans. I could not find any official statement that its deposits are guaranteed by the govt of the day other than unofficially from BR personnel. Other than that, its a govt back kooperasi , Islamic, its shares are held by bumis, so no govt of the day will let it fail.