as far as I know, the longest one time renewal FD is 5 years. You can rollover thereafter. Sikit sikit lama jadi bukit.

Put 5 years FD but you cannot add-on every year. Once put, money is locked up. Put and forget. After 5 years, remove and add it in again. Make sure to ask for promo rate

Another option is wait until have rm1k. Put into maybank eGIA-i. Select 2 months.  After 1 month, uplift. Add your new rm500 to your rm1k + 1 month interest into a new eGIA-i. Do that until you have rm10k. Then go for promo rates. After 1 year, withdraw and look for promo rates.

Alternatively you could into EPF (max rm60k/year). Epf returns are higher than any FDs. You can add in every month. No need to run to the bank eveey year (can be done via online - not sure if cimb can do it) EPF is OT ya.
Keep in mind that FD cannot outrun inflation.  Howevee FD is the basic. Once have 6months - 1 year of salary, dont put FD anymore. Go look for other stuff.

I am not very sure about self contribution but can try. No harm. Scared give you wrong answer.  OT = off topic.
Ask ypur epf question in this thread.
https://forum.lowyat.net/topic/2705461

U can deposit up to RM60k pa in addition to your mthly statutory contribution

the 60k/year did not include the existing salary deductions. OT = off topic

The promotional interest rate offered by banks from time to time in which higher than the board rate (i.e. the default rate given). The min requirement to get the promo rate usually starting from RM10k. Do look into the first page for more info.

1.This one, you put you instantly get your interest,
2.but if you withdraw before due date, they will deduct your principal,
3.the rate sucks, there are 4% FD around the town, see page 1

The rate is low as it is board rate..unless you plan to just keep it there temporarily

Yes, you need to set which tenure you want first. Yes, you can top up in multiplies of 1000 but this is no different from other banks eFd like CIMB for example. It doesn't require 10000 first too.

What is the tenure that you are looking at? If you don't mind about not getting the 'cash upon payment' feature, I rather lock the 10000 in a promo rate and place the monthly 1000 on eFd and let it roll on till the next promo placement.

If you wanna stick to just one bank, CIMB 12m promo rate is 4.2%, shared by someone few pages back. For this, you need to go to the branch, ask for promo rate. My CIMB branch is quite lenient on fresh fund requirement so mileage may vary. If not, UOB 12m 4.25% is straight forward, no savings acc needed.

You can place eFd using Cimbclicks, under Fixed Deposit, placement, normal board rate. Have a look at your cimbclicks.

Take note that for both types, interest is only gained at end of tenure.

You can do that with Maybank eGIA-i. How?
1. Make placement. Select duration (not important)
2. Uplift whenever you need/whenever you need to add RM1k,
3. Replace w=together with new money + 4% interest given.   

yes, correct page.

u cant see it in "FD product" because it's not an FD. technically it's a Shariah-compliant investment account.

in case you're wondering: anyone can apply for this.

You can do that with Maybank eGIA-i. How?
1. Make placement. Select duration (not important)
2. Uplift whenever you need/whenever you need to add RM1k,
3. Replace w=together with new money + 4% interest given.   

yes, correct page.

u cant see it in "FD product" because it's not an FD. technically it's a Shariah-compliant investment account.

in case you're wondering: anyone can apply for this.

^ nope, its 4% end of the day. Ignore the ratio

The ratio is the Islamic Banking way of representing only. Interest kan haram. So they go do business with your money, then the profit they get they will give to you 70% of it.

It just 'so happens' only the rate they give you confirm sure (sort of) 4%.