https://www.theborneopost.com/2024/01/23/co...t-against-bank/

Money in FD can disappear ?

is like that one... bank punya duit bank banyak pandai  kuat jaga
customer punya duit bank ya ya bagi lip service saja..
credit card money  bank punya duit
cc fraud happens,,,,customer tak mahu bayar
bank tanggung lah.
so bank very efficient with cc frauds.

money in Fd savings loss, customer punya duit,,,,
bank buat pekak telinga....take  years to  catch culprit
sekali  dapati bank workers insider punya kerja, l
agi bank want to  avoid publicity

that is  why 
BNM must  step in
to force banks to be fully liable for losses
unless and until bank can prove customer at fault in cahoots with the thief

Let say I have RM150K of cash

profit wise, which one is better FD 3.7% rates or Unit Trust 5.28% ?

Don’t put all in one basket. Plus each bank security is unknown. So advise split into multiple and make sure all active.
Don’t say one million, let say salary 5k. I will split into 5 bank. In case one bank system down, I still got 4 bank.
Another example, scammer steal from one bank, I still got 4 bank.
My friend always relies on his salary where it bank in. Then system down, he cannot withdraw money.
I won’t put all into 1 which give high fd. Will split into multiple even low interest.
Even digital bank, all offered diff interest rate, I still put 3 rather than 1. Lesson learned from rise, MBB, cimb system failure

got mention in reddit; but dunno if true or not

who put in MBSB ? scared or not?

The BI promo is confirmed by my side here too

Bank Islam is offering 4% rate for 12m tenure FD

Min 10k placement

BR 3.8%
Your loss

Seems like 1 conventional, 1 islamic - so the protection is 250k + 250k. Check PIDM website for confirmation.

okay thats really new to me, so i have 250k+250k protection by PIDM..

I believe so too

The Q should be - why would anyone put so much in SA?

Update screenshot from Post #30989.

• Federal police are investigating the theft of over RM2 million from the savings account of a bank customer in Kuala Kangsar, Perak after receiving a report on 9 July.
• However, the main suspect, a bank employee, reportedly died by suicide on July 5.
• The suspect made unauthorised money transfers from a customer’s fixed deposit account to a third party account.
• Despite the suspect's death, the case will continue under Section 408 of the Penal Code for criminal breach of trust.

Full article:
https://www.malaymail.com/news/malaysia/202...continue/143496

Huh?
Seriously again FD related....

Banks security level really down the drain leh...
2mil is not any small amounts.... Many of us can just dream about having that much FD 😔

Really need to monitor our account.... Cannot just leave it like that....

Ya, kind of disappointed with them this year. Nothing special even on the exact day.

Previous FD promo end on 7, i thought will have some special rate come after. End up, everything same.

Which Bank in Malaysia give the best rate in the market...

Good valuable article published... Good read 👌

https://www.freemalaysiatoday.com/category/...more-right-now/

I still remember some banks dropped til 1.5-17% per month during MCO. Anything above 3.5% for me is damn good now 

missing $$ is one matter, suddenly having extra $$ is also to be worried too.

Bank Muamalat is highest now.

Must open Savings Account in order for FD placement?

Another case of FD went missing

https://www.thestar.com.my/news/nation/2024...ferent-accounts

Not missing but kena curi la. Bank bayar balik kan.

What 5%.... much more than that

1997 SBB 3m 7.8%

Mbf 9.2%
UMF 9.3% BBMB 9.3%
SFB 1m 10.5%,
AMF 11.3%
EONf 13%

even 2001 UOB 3m 11.45%

2003 onwards dropped4-5%

2008 MBSB exclusive 5%

early 2023 BR 4.85% PBB 4.8%

https://www.thevibes.com/articles/news/4539...without-consent
I recall this fraud case too that happened a couple of years ago, though for this one, the fraud seems to be with the RM. I remember I had to sign a extra form to give the rights to transact through RM for premier banking. I have never use this service and now I wish I never sign it.