Nowadays FD interests are extremely low. I still remember when I first open my very 1st FD account back in 2003, the Interest rate was somewhere between 3 - 3.7 % / annum. There is even 1 time where I managed to open an account with 3.88% / annum. However, now the rate is only a pathetic 2.5% / annum with terms & conditions applies.
Recently, I've got a piece of good news. The government are going to introduce the Saving Bond where they will be paying us at 5% / annum. Wow! good bargain. Read the news HERE. So, I'm going to close my FD account and sign up for the Saving Bond. However, it is only upon approval and hope mine will be selected.