Which Bank Has The Highest Interest Rate For Fixed Deposit In Malaysia
This account allows withdrawals in multiples of rm1 000.
Which bank has the highest interest rate for fixed deposit in malaysia. Best fixed deposit rates by tenor. This can also be done via imoney s online calculator. 3 months offer period. A term deposit account which offers you up to 60 months tenure with predetermined fixed profit rate based on the shariah concept of tawarruq.
To get maximum returns from your deposits check the rates of all the banks before opening an fd. Fixed deposit i premier deal effective rate. Up to 2 90 p a. Different banks have different fd interest rates.
Bank simpanan nasional 1 year term deposit. The rate indicated is based on the unfixed deposit product and is for a 60 month tenure for tier 1. He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. Lengthen your fixed deposit period.
13 july to 31 december 2020. The remaining balance will continue to earn the fixed deposit rate. We have combed through the market and found the best fixed deposits in malaysia for 2020 according to your needs. 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.
The tables below will be updated every month. 5 august to 30 september 2020 2. Cimb bank 5 year fixed deposit. 6 months offer period.
Ocbc premier banking promo. Say he decides to deposit rm5 000 into a fixed deposit account for 1 month at a rate of 3 interest p a. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation. Term deposit offer via over the counter e term deposit offer via fpx effective rate.
Protected by pidm up to rm250 000 for each depositor. Withdrawals can only be made once the first 3 months of the fixed deposit tenure is. Take your time to go through the latest list of fd interest rates offered by the banks today to find the highest fixed deposit rates that suit you. Here are the highest interest fixed deposit accounts in malaysia arranged by duration.
Bank muamalat malaysia 5 year fixed term deposit. And continuously roll overs at maturity for one year.