Fixed Deposit Malaysia 2019

Up to 2 35 p a.

Fixed deposit malaysia 2019. From the above chart the highest interest rate is given by affin bank 3 90 and other banks are 2 85 3 10. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. 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. This page includes a chart with historical data for deposit interest rate in malaysia.

Best fixed deposits in malaysia 2020 you worked hard for your money so make your money work hard for you. The table below is the latest conventional fixed deposit rate as of september 2019. Efixed deposit i interest rate. Below are fixed deposits from cimb hong leong finance and maybank.

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. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. Everything you need to know about fixed deposits. Sep 2019 from the above chart the highest interest rate is given by affin bank 3 90 and other banks are 2 85 3 10.

Considered a safe haven compared to other investment types a fixed deposit fd is a popular choice for many first time investors. Fixed deposit is a type of account that lets you take out your money after a fixed period of time and generally gives higher yields than an ordinary savings account. I have removed the fixed deposit promotion from standard chartered bank because it fell to a non attractive rate of 1 55 p a. For those who are interested ocbc is also offering a interest rate of 1 55 p a.

For a fixed deposit of 12 months on sgd as well. Alliance bank updated on. Frankly the fixed deposits interest rate between the banks in malaysia is not much different. 3 6 12 months offer period.

However some banks will give special offers at certain times and interest will be a little higher than the above interest. 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. Choose the nearest branch or try to put efd using online banking system. 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.

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.