Deep, deep dive
- Before you invest, check that your FD is insured by PIDM
- Check terms and conditions before agreeing to promotional rates
- Split your FD savings into a few smaller accounts
- Make sure you know the penalty of withdrawing funds before the end of the term (prematurely)
- Understand requirements to partially withdraw funds from your FD
Split your FD savings into a few smaller accounts
We recommend splitting your FD savings into several smaller accounts. For example, if you wanted to place RM10,000 in an FD for 6 months, you might choose to place RM2,000 in 4 separate accounts instead.
This way if you intend to only uplift one portion of your savings, you wouldn’t have to risk forfeiting the interest on the remainder.