Fixed Deposit Rate In Malaysia

Standard chartered bank malaysia 3 month fixed deposit.
Fixed deposit rate in malaysia. The rates presented here have been revised after several cuts to the overnight policy rate. Will earn rm170 in interest. Which is currently at a historically low 1 75. Exclusive efixed deposit rates interest rate.
Rates for maybank fixed deposit account. Ambank 1 month fixed deposit. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. Fixed deposit term deposit i interest rate.
Most banks in malaysia provide their own deposit products so it can sometimes be difficult to determine which deposit products you should consider. Bank muamalat malaysia 1 month fixed term deposit. 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. 3 6 12 months offer period.
Up to 2 28 p a. Hong leong bank 1 month fixed deposit. Auto renewing a fixed deposit investment can be to repeat the same tenure but the interest rate may not necessarily be the same. Effective from 9 july 2020.
The same rm5 000 in a deposit account with a 12 month tenure at 3 40 interest 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. Bank muamalat malaysia 3 month fixed term deposit. 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 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. Otherwise it will be treated as a full withdrawal of the fixed deposit s. All interest dividend rates quoted may change without prior notice. Fixed deposits grow your money and enjoy the security of fixed and higher returns maximise interest when you place your savings in low risk investments that yield stable returns across flexible tenures.
Up to 2 25 p a. 11 november 2020 to 20 january 2021 only for cimb efd via cimb clicks. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. New fixed deposits fixed deposits rolled over from 5 march 2018 onwards.