Highest FD Rates in Malaysia: Bank Rakyat

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-ior Akaun Pelaburan Am-i Qiradh.

Bank_Rakyat_FD_Qiradh_Investment_Account

Here I prepared a table to share the highest FD rate by Bank Rakyat.

Period of Investment (month)
Rates (%)
13.26
33.65
63.75
93.85
124.01
154.05
184.10
244.20
364.25
484.30
604.50
>604.60

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?

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





{ 14 comments… read them below or add one }

Bee

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.

Reply

Mister Leaf

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

Reply

Bee

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+

Reply

Mister Leaf

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

Reply

Bee

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.

Reply

Bee

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.

Reply

Mister Leaf

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?

Reply

monsterseng

请问这个bank rakyat有PIDM的吗??

Reply

Mister Leaf

根据网站资料,Bank Rakyat 应该是没有 PIDM 保障的。

Reply

Rusydan

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.

Reply

MisterLeaf

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

Reply

Ng

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

Reply

laikun

如果放一千 利息那么算?

Reply

MisterLeaf

如果放一千,放一年,3% 利息。那么会有一千零三十。

Reply

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