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For example let s say you want to apply for a 6 month fd with a minimum deposit of rm5 000 at 3 65 per annum p a.
Fixed deposit rate in malaysia. Looking for the best and latest fixed deposit promos in malaysia. We at loanstreet compiled a list of the most recent fixed deposit promotions in 2020. 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. 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.
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.
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