My colleague told me that she had put her money in Bank Rakyat Fixed Deposit. After she done some research, she found that Bank Rakyat Fixed Deposit pay the highest rate.
I feel pity because I just place my money to CIMB e Fixed Deposit online few days ago, and the rate is low if compared to Bank Rakyat Fixed Deposit rate. But, what can I do now?
Bank Rakyat Fixed Deposit also known as Qiradh Investment Account-i or Akaun Pelaburan Am-i Qiradh.
Here I prepared a table to share the highest FD rate by Bank Rakyat.
|Period of Investment (month)||Qiradh Investment Account Rates (%)||Bank Rakyat Term Deposit Account (%)|
Although the rates are very interest, but I heard that Qiradh Investment Account-i is not explicit guarantee from PIDM. I can’t found any related information from their website. I wonder that it’s safe if we place our money in this type of Investment Account?
What do you think?
Update July 2015 :
Bank Rakyat is temporary stop the Qiradh General Investment Account and was replace by the Bank Rakyat Term Deposit Account-i.
LiangLiang writes about Saving, Blogging, and Investment, enjoys cooking and discovering everything new. Oh yes, she is a pretty and smart girl too.