This evening I was told by my friend that a well established bank is offering 6.8% per annum on deposits from RM65,000.00 onwards.
I also got to know that this amount of money cannot be taken out for at least seven years. 7 years, no joke, cannot touch the money, otherwise you will lose some of the capital... but if left untouched, you will receive the dividend returns of 6.8% every quarterly. They will credit the money into your savings account.
Good deal or not? Any financial consultant to advise over here? Secured or not if put for 7 years in this type of proposal or not?