Fd Interest Rate Malaysia

Efixed deposit i interest rate.

Fd interest rate malaysia. Up to 2 35 p a. It also offers an attractive 3 90 interest rate per annum for a tenure of 12 months. About fixed deposits in malaysia. Rates for maybank fixed deposit account.

This page includes a chart with historical data for deposit interest rate in malaysia. Here s a roundup of this month s updates to the best fixed deposit accounts in malaysia. Bank rakyat offers the best rate for most fd products this month 1 3 6 and 9 month tenure. Effective from 9 july 2020.

Typically the longer your fd period is the higher the interest rate is. Deposits maturing in 1 year and less than 18 months will earn interest of 5 p a. Fixed deposits having a tenure of 2 years 1 day to 3 years will earn interest of 5 15 p a. The affin bank fixed deposit plan allows you to grow your savings with just rm500.

To get maximum returns from your deposits check the rates of all the banks before opening an fd. All interest dividend rates quoted may change without prior notice. While those maturing between 18 months and 2 years will earn 5 10 p a. Deposit interest rate in malaysia averaged 4 90 percent from 1980 until 2019 reaching an all time high of 9 75 percent in 1982 and a record low of 2 08 percent in 2009.

Longer tenures of up to 60 months offer interest rates of up to 4 15. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. This can also be done via imoney s online calculator. The interest rate offered on fds maturing in 290 days to less than 1 year was cut by 10 basis points and now stands at 4 40 p a.

Different banks have different fd interest rates. Lengthen your fixed deposit period. This product earns you interest at an agreed rate depending on tenure or term which can range from short term to a longer term time frame. 4 november to 31 december 2020 this promotion is open to individuals who are the account holders of a current account or savings account or current account i or savings account i and have registered for hong leong connect.

3 6 12 months offer period. Public bank a complete one stop financial portal offering a range of accounts credit cards loans deposits and other financial aids for our personal and commercial customers. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. For their 6 month fd but you have to deposit 50 of your fd amount into a casa as well.

For example bank b advertises an interest rate of 4 28 p a.