Every FD @ CIMB is unfixed. That just means that you not lose all the interest when you cancel it before it matures but kept it more than - I don´t know exactly - around 50 % of the time.

Thanks for this. What makes even better, interest will be credited in your savings account monthly!!!

For this reason I opend savings account there.

I don´t know. When I opened the savings account for the monthly interest I got nothing but the number. That sounds very basic for me.

CIMB always walk in. You need to have (or open) islamic account.

I like this and will do tomorrow

Neither. Whatsapp message to my RM

Actually I don´t know. I placed my FD there and certainly got some kind of very basic savings account for the monthly interest. No ATM card, no online banking. But I also did not ask. But it is quite annoying to go there every couple of months (yes I know I should do it EVERY month, but certainly too lazy) and pick a number to wait to make the withdrawel. Because EVERY branch of them is so much more busy than any other bank in Malaysia.

Anyway, I willjoin their new 4.5% for 11 month promo also

The CIMB Islamic 4.4 also still exists until End of September, right?

No, in the last weeks it was 4.3 conventional and 4.4 islamic.

at least I never get monthly interest @ CIMB

no chance to get 5%. if you are premier/preferred whatever then you will get the rates mentioned here. or a tiny bit more if they really love you as a customer.

they don´t want to sell FD, this is what they HAVE TO to keep clients happy and win new "fresh funds".

they want to have 500 of your 750k in other investment products, mainly unit trust and that stuff

Hey, I like this FD certificates, look nice old school signed by (probably) important people

I would not put 1 mil in Bank Rakyat, but I trust them enough to do business with them.

Did 3 month @ CIMB for 4.1%. Islamic, but my money has no religion. Or all religion

Should be all branches but maybe only preferred. CIMB always OTC never saw any good eFD from them.

No, but the Indos usually have this crisis first

Not much you can do, just don´t put all money in MYR, some EUR, USD, SGD and CNY in foreign currency account (with shitty interest rates) will help.

Yes, all major banks offer this with different conditions. To get good conditions you need to be preferred/premium/... customer.

The interest rates are always much worse than for MYR (only CNY sometime can bring good interest), but when Malaysia get stuck in Emerging Market crisis, this is a save harbour that probably brings more than 5 or 10% return.

According to my experience it is always good to mix, not bet on one thing. Stock market, FD, FX, this 3 things I need, but not more. I also have a little bit Gold investment in case all other things fail

You wonder how a bank can make more than 4.7 or 4.8 % profit per year over 5 years? Then try to get a loan for this rate.

Bank Rakyat and their NPL, it is a little bit a myth, but it was true 10 years before.

I did my research before I put first time a FD there, did not found any major risks.

This sounds not like a bank that will soon get in trouble:

https://www.ram.com.my/pressrelease/?prviewid=4445

https://www.nst.com.my/business/2018/03/350...-16-pc-dividend

But of cause, not recommended to put all eggs in one basket, even the interest rate is very attractive, I still have more FD´s at other banks.

Nice. Usually October and November is the time when OCBC is doing good promotions. I am still dreaming of the 4.5 % they did in 2015.

All CIMB FDs are unfixed. But this is misleading, not worth talking about.

Same as all other things, mix it! Always good to have FDs mature at different times, so you have all the options. But I would call a longterm FD with a good rate like 4.7 almost mandatory. While some discuss for months what could happen in 5 years, others already collected the nice profit every month.