Fixed Deposit Rates Malaysia
Bank simpanan nasional 1 year term deposit.
Fixed deposit rates malaysia. Bank muamalat malaysia 5 year fixed term deposit. Well that should cover a good amount of base for knowledge and information on fixed deposit accounts. Will earn rm170 in interest. The same rm5 000 in a deposit account with a 12 month tenure at 3 40 interest p a.
Up to 2 90 p a. 5 august to 30 september 2020. Fd can be placed on auto renewal see faq below. Fixed deposit rate malaysia.
1 september 2020 best fixed deposit promos september 2020. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. Fixed deposit i premier deal.
Fd rates in malaysia are around 2 3 affected by fd promotions and determined by the individual bank. Effective from 9 july 2020. Below we will share with you types of fixed deposit accounts for each bank the minimum deposit required the interest rate and. Fd rates are affected by bnm base ratewhich is different depending on the bank.
Auto renewing a fixed deposit investment can be to repeat the same tenure but the interest rate may not necessarily be the same. Term deposit offer via over the counter e term deposit offer via fpx. All interest dividend rates quoted may change without prior notice. Its currency is the malaysian ringgit myr rm.
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. 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. We provide monthly updates on the best fixed deposit rates in malaysia with tables showing the top 5 rates for the duration of 1 3 6 9 and 12 months. Rates for maybank fixed deposit account.