Highest FD Rates in Malaysia: Bank Rakyat

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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 (%)
13.203.40
33.603.70
63.653.90
93.75
123.904.10
153.95
184.00
244.10
364.15
484.20
604.404.50
>604.50

Qiradh

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.

Bank Rakyat FD

LiangLiang writes about Saving, Blogging, and Investment, enjoys cooking and discovering everything new. Oh yes, she is a pretty and smart girl too.

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18 Awesome Blog Comments

  1. Bee December 12 at 9:25 am - Reply

    Maybe you can deposit your FD with 3 months tenure if you want to reduce the risk. But i know, Bank Rakyat quite stable as my col had bought their fund quite sometimes ago and the revenue is 16% per year. The only down side is, if not mistaken, the fund is only open for bumi. Correct me if i am wrong.

    • Mister Leaf December 12 at 11:08 am - Reply

      16% of return, omg. Very high return. What’s the name of the fund?

  2. Bee December 12 at 12:41 pm - Reply

    If not mistaken, is the saham for the bank itself. Not sure is it still open for public. My col is lucky, he hit 50k in. Monthly get RM600+

    • Mister Leaf December 12 at 1:02 pm - Reply

      If can, please ask him the name of the fund. Thanks a lot.

  3. Bee January 25 at 12:36 pm - Reply

    Is Saham Bank Rakyat. It is only open for bumiputra. 15% revenue p.a. But now they only allow each person to buy 500 shares. 1 Share = RM1.

    • Bee January 25 at 12:44 pm - Reply

      Maybe you can read this article on this website. News of 2011 regarding their saham.
      http://beritasemasa.com/dividen-bank-rakyat-saham

      Too bad, it is only for bumiputra and now they only allow RM500 per person.

      • Mister Leaf January 25 at 3:42 pm - Reply

        I really want to know why other bank can give such high interest to their customer, but Public Bank or Hong Leong Bank cannot?

        Same like Amanah Saham, why Public Mutual cannot give high interest to the investor? Does the Public Mutual Manager worst than Amanah Saham Manager?

  4. monsterseng June 19 at 4:02 pm - Reply

    请问这个bank rakyat有PIDM的吗??

    • Mister Leaf June 28 at 2:29 pm - Reply

      根据网站资料,Bank Rakyat 应该是没有 PIDM 保障的。

  5. Rusydan October 21 at 4:49 am - Reply

    Hye Mister Leaf,

    If you are interested for FD either individual or company, i can offer you good rate. Currently im working with Malaysia Building Society Berhad and 70% of it shares owned by EPF.

    • MisterLeaf October 21 at 6:33 am - Reply

      Rusydan, I am sure interested in good rate FD. Please let me know more about your product. Send me detail to bestbestfuture@gmail.com.

    • Ng November 14 at 7:06 am - Reply

      how the FD interest rate for MBSB? where i can put the deposit?

  6. laikun January 29 at 8:20 am - Reply

    如果放一千 利息那么算?

    • MisterLeaf January 30 at 2:08 am - Reply

      如果放一千,放一年,3% 利息。那么会有一千零三十。

  7. judy May 12 at 2:20 am - Reply

    Bank rakyat是国家银行担保吗?大多数银行都有 PIDM为什么只有它没有呢?

  8. Daniel June 3 at 1:29 pm - Reply

    Somebody tell me to put my money to bank rakyat on fd to get high interest rate.i know bank rakyat do nit have pidm so how my money can protect if anyrhing happen

  9. yong November 12 at 11:05 pm - Reply

    hi i would like to place FD, can anyone recommend me,, tqvm

  10. Englishmen March 28 at 6:03 am - Reply

    Your English is so Chinese…..eeeehhh…

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