Which Bank Has The Highest Interest Rate For Fixed Deposit In Malaysia

In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts.
Which bank has the highest interest rate for fixed deposit in malaysia. The minimum placement is s 25 000. Most fixed deposit accounts in malaysia are also regulated by perbadanan insurans deposit malaysia pidm that gives protection for your investment in the unlikely event of member bank failure. Up to 2 90 p a. Across the asian region some countries call similar bank issued products time deposits china or.
He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. Typically the longer your fd period is the higher the interest rate is. 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. Term deposit offer via over the counter e term deposit offer via fpx effective rate.
3 months offer period. This can also be done via imoney s online calculator. 6 month with standard chartered time deposit. 5 august to 30 september 2020 2.
Standard chartered sgd fixed deposit. 13 july to 31 december 2020. Lengthen your fixed deposit period. To get maximum returns from your deposits check the rates of all the banks before opening an fd.
6 months offer period. If you are their priority banking customer you can get a preferential rate of 0 30 p a. And continuously roll overs at maturity for one year. About fixed deposits in malaysia.
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.