Public Bank FD Rates Of 5.25p.a.?

The fine prints:
a) Minimum deposit of RM100,000
b) Minimum tenure 4 months - 1st month 4.88%, next 3 months 3.00%
c) Minimum tenure 7 months - 1st month 5.25%, next 6 months 3.15%

The high interest rates only apply to the very first month! And the higher interest rate returns from the first months is offset by the lower interest rates in the subsequent months. Without using a scientific calculator, let’s estimate the effective interest rates using simple calculation:

Case 1: tenure 4 months - 1st month 4.88%, next 3 months 3.00%
Real interest rate = 3.47%

Case 2: tenure 7 months - 1st month 5.25%, next 6 months 3.15%
Real interest rate = 3.45%

As you can see, the interest is only similar to some of the best interest rates offered on the FDs of other banks.