Fixed Deposit Rate In Malaysia August 2020

Rates for maybank fixed deposit account. 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. The 1 year interest rate for september 2020 singapore savings bonds has fallen as low as 0 24 thus any of the fixed deposits promotion below will beat the singapore savings bonds.

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Here Are The Best Fixed Deposit Promos In Malaysia 2020

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2 november 2020 best fixed deposit promos november 2020.

Fixed deposit rate in malaysia august 2020. About fixed deposits in malaysia. Compare our variety of fixed deposits and find the one that suits your requirements. Looking for the best and latest fixed deposit promos in malaysia. However occasionally they may also be called time deposit accounts as well depending on the bank.

Across the asian region some countries call similar bank issued products time deposits china or. I have shared many other financial instruments that is similar to what fixed deposits can offer. The same rm5 000 in a deposit account with a 12 month tenure at 3 40 interest p a. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation.

Click here to check our latest rate. Will earn rm170 in interest. 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. Effective from 9 july 2020.

It s a type of an investments account that allows you to invest a lump of money for a fixed time period and at a fixed rate of interest. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. All fixed deposit accounts are protected by pidm up to rm250 000 for each depositor. Latest and the best fixed deposit time deposit interest rates promotion offered by malaysia major commercial and foreign banks october 2020 last update.

All interest dividend rates quoted may change without prior notice. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. One good alternative is buying a short term endowment plan. We have combed through the market and found the best fixed deposits in malaysia for 2020 according to your needs.

Along with high interest rates our fixed deposit accounts are also designed with options that offer flexible tenures. Auto renewing a fixed deposit investment can be to repeat the same tenure but the interest rate may not necessarily be the same. 12 august to 31 december 2020 tenure interest rate p a 3 months. 5th ocotber 2020 the best fixed time deposit promotions please call the nearest bank branch to reconfirm the rates go to the bank website to get the contact number.