Best Fixed Deposit Rates In Malaysia 2018

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Best fixed deposit rates in malaysia 2018. However occasionally they may also be called time deposit accounts as well depending on the bank. Now the interest rates for deposits of up to rs 2 crore range from 2 50 to 5 for a tenure ranging from 7 days up to 10 years. I want to save. 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.

About fixed deposits in malaysia in malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. Overall islamic fd products continue to offer higher interest rates compared to conventional fd products. Now let s talk about the best fixed deposit investments and interests in malaysia. This page includes a chart with historical data for deposit interest rate in malaysia.

3 6 12 months offer period. Bank rakyat offers the best rate for most fd products this month 1 3 6 and 9 month tenure. Maybank cimb pbb hlb etc. From the above chart the highest interest rate is given by affin bank 3 90 and other banks are 2 85 3 10.

And continuously roll overs at maturity for one year. Kotak mahindra bank latest fd interest rates. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. Efixed deposit i interest rate.

In order to allow everyone to compare the fixed deposit rate of malaysian banks i have prepared the following charts for your reference and comparison. Below we will share with you types of fixed deposit accounts for each bank the minimum deposit required the interest rate and investment returns. 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. Find the best fixed deposit rates 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. Compare fixed deposit rate in malaysia. Use the calculator below to find your best fixed deposit and apply for free. Kotak mahindra bank has revised its interest rates on fixed deposit accounts for both the general public and senior citizens.

I want to save rm 20000 for 6 months. Here s a roundup of this month s updates to the best fixed deposit accounts in malaysia. Choose the nearest branch or try to put efd using online banking system. Frankly the fixed deposits interest rate between the banks in malaysia is not much different.

Up to 2 35 p a. Most banks in malaysia have similar rates for fixed deposit accounts but they may differ slightly here and there.