Highest Fixed Deposit Rates In Malaysia
The minimum placement is s 25 000.
Highest fixed deposit rates in malaysia. Here are the highest interest fixed deposit accounts in malaysia arranged by duration. Now let s talk about the best fixed deposit investments and interests in malaysia. Term deposit offer via over the counter e term deposit offer via fpx effective rate. Below we will share with you types of fixed deposit accounts for each bank the minimum deposit required the interest rate and investment returns.
6 months offer period. Up to 2 90 p a. About fixed deposits in malaysia. With their latest time deposit rates from 5 september 2020.
Across the asian region some countries call similar bank issued products time deposits china or. Hsbc offers 1 40 p a. For 24 mth singapore dollar time deposits as of 6 sep 2020 standard chartered. We have combed through the market and found the best fixed deposits.
In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. In the event that your bank fails pidm protects you against the loss of your deposits but only for up to rm250 000 per depositor per bank. Ocbc premier banking promo. Standard chartered sgd fixed deposit.
The tables below will be updated every month. So when identifying which fixed deposit account to put your money in the main points of consideration should be interest rates minimum deposit amount and if they are insured by pidm. When you deposit fresh funds into esaver till 30 sep. 3 months offer period.
Latest and the best fixed deposit time deposit interest rates promotion offered by malaysia major commercial and foreign banks september 2020 last update. He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. 5 august to 30 september 2020 2. 6 month with standard chartered time deposit.
Say he decides to deposit rm5 000 into a fixed deposit account for 1 month at a rate of 3 interest p a. However occasionally they may also be called time deposit accounts as well depending on the bank. Earn up to 0 55 p a. Earn up to 1 5 p a.
Fixed deposit i premier deal effective rate. If you are their priority banking customer you can get a preferential rate of 0 30 p a. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation.
With 18 mth fixed deposits from 4 sep 2020 maybank. Most banks in malaysia have similar rates for fixed deposit accounts but they may differ slightly here and there. 2nd september 2020 the best fixed time deposit promotions please call the nearest bank branch to reconfirm the rates go to the bank website to get the contact number. And continuously roll overs at maturity for one year.