Possible Methods of Saving

Where gave you been since 2008?

The western countries are printing money faster than any banana republic ever could - now called quantitative easing - rather like calling a heroin addiction "lifestyle easing"

This is designed to ease debt (but causing asset inflation and more borrowing) and also destroy those on fixed incomes like pensioners and anyone stupid enough to save cash! The east has suffered the same with cheap liquidity as a knock on effect. Allowing for devaluation nominal interest rates are negative in malaysia if you are American etc

Apart from 3 months expenses for emergencies and a fund to pay for holidays and car deposits etc don't save using deposits. Real interest rates are highly negative in Malaysia (as a Malaysian even worse after decal effects) about minus 5% (in 14 years your savings halve in value)

If saving short term you wont get much interest so use 1 month FD until cash required. Emergency money can be 2/3rds FD of course.

Savings for long term such as retirement should be properly invested in stocks and property.