My fixed deposit of RM500,000 will mature at the end of this month. Does anyone know which bank currently offers the highest FD rates? Monthly interest is the most important factor, as I’m a retiree who relies solely on bank interest to cover my living expenses.

BIMB is 12 months too.

Officially, Bank Muamalat doesn't give monthly crediting for the current FD campaign

may i know which branch BM you went?

Kl branch?

4% end may. Opr going to drop. So fd rate won’t go 4%

Which BM branch bro? Btw, The BM at Jaya 1 did not give monthly interest.....

bank islam at counter is confirmed 4.1percent in June. Info from my RM bank islam

I couldn't find any official download link for the apps from Bank Muamalat or the URL link you shared.

Any one here did a FTA-1 Bonus Booster placement with Bank Muamalat with Monthly Interest ?

Did Bank Muamalat called to notify that they've actually made a mistake for allowing monthly interest for this FTA-1 Bonus Booster promotion, and would like to terminate it with immediate effect, honoring whatever interest that had already been credited to the saving account for the past few months, but to end the previous placement with immediate effect, converting to new placement for a new tenure of another 12 months but interest payable on maturity.

I have officially rejected their above proposal, requesting them to honor what has been agreed at time of placement ie continue with the monthly profit payment till maturity. The bank officer said they will notify and refer to higher authority for further actions.

Bank Muamalat rectification action is very wrong, and I believe we could refer and file in case with Bank Negara if Bank Muamalak is takinng the action of terminating and changing their T&C half way through by force.

You want to start a new thread on this in the main FBIH forum?

It's not a lot of money though. 25 millionaire whale can finish up the quota in a couple of days...

Bank Muamalat had actually made the following "technical mistakes" on this FTA-i Bonus Booster promotion product:

1) Lack of TRAINING and PRODUCT BRIEFING to staffs at ALL LEVELS, from Account Opening, Teller, Supervisor, Fund Manager up till RM.

2) Computer system failed to DISABLE the option of "monthly dividend/profit/interest" from selection during placement.

3) Discovered the mistakes too late.  FTA-i Bonus Booster was launched since March 18, and they discovered about the mistake ONLY THIS WEEK, after the lapse of nearly 4 months, which is totally unbelievable.

no pidm???

Any one here did a FTA-1 Bonus Booster placement with Bank Muamalat with Monthly Interest ?

Did Bank Muamalat called to notify that they've actually made a mistake for allowing monthly interest for this FTA-1 Bonus Booster promotion, and would like to terminate it with immediate effect, honoring whatever interest that had already been credited to the saving account for the past few months, but to end the previous placement with immediate effect, converting to new placement for a new tenure of another 12 months but interest payable on maturity.

I have officially rejected their above proposal, requesting them to honor what has been agreed at time of placement ie continue with the monthly profit payment till maturity. The bank officer said they will notify and refer to higher authority for further actions.

Bank Muamalat rectification action is very wrong, and I believe we could refer and file in case with Bank Negara if Bank Muamalak is taking the action of terminating and changing their T&C half way through by force.

So later they informed u still maintain mthly interest ?

I did not received any call or message on my placement made on May 15th. It will be good if still maintain the mthly interest.