Kind of true. RM1k FD don't generate much. The highest you can put is Affin bank at 3.7% for a year. After one year, you get free RM37. If you want to get 4.x%, you need RM10k for the fun stuff. 

However, you can can accumulate RM10k slowly. That RM1k you put into 1-2months eFD. If every month can save RM1k (dump into 1-2 months eFD), by Nov or Dec you have RM10k + (plus interest from monthly eFD).

I use to be like this. Every month, I save into eFD to get RM10k (after few months), then hentam one shot into promo rates FD once get RM10k. Now I still do that. Save RM1k into eFD (my one month emergency cash). The balance hentam into ASW2020 instead of promo rates FD. But that's OT.

Best choice for you is eFD. Don't need to waste time and petrol to go to bank.

Best wishes. Everyone start somewhere
Again not true. Check out the FSM thread, ASNB thread.

RM80? What do you mean?