Fixed Deposit Malaysia Deposit Interest Rate History

This page includes a chart with historical data for deposit interest rate in malaysia.

Fixed deposit malaysia deposit interest rate history. This page provides malaysia interest rate actual values historical data forecast chart statistics economic calendar and news. Lengthen your fixed deposit period. 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. Typically the longer your fd period is the higher the interest rate is.

Updated 03 nov 2020 by martijn boudewijn. This is the latest malaysia fd interest rate promotion that we cover this day in august 2009 at malaysia fixed deposits. As the graph below shows over the past 52 years this indicator reached a maximum value of 9 75 in 1982 and a minimum value of 2 08 in 2009. In this post on july 2010 at malaysia fixed deposits we highlight some details of bank negara malaysia interest rates.

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. Before investing money or cash in any banking products such as shares stocks structured products or home loans check these fixed deposits rates. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. Malaysia deposit interest rate deposit interest rate the value for deposit interest rate in malaysia was 3 14 as of 2018.

At the monetary policy committee mpc meeting 8 july 2010 bank negara malaysia decided to raise the overnight policy rate opr by 25 basis points to 2 75 percent. This can also be done via imoney s online calculator. Different banks have different fd interest rates. Best malaysia deposit interest rates.

Interest rate in malaysia averaged 2 96 percent from 2004 until 2020 reaching an all time high of 3 50 percent in april of 2006 and a record low of 1 75 percent in july of 2020. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. 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. All accounts fixed deposits current savings deposit promotions.

However occasionally they may also be called time deposit accounts as well depending on the bank. 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. From 0 10 to 2 15 p a. To get maximum returns from your deposits check the rates of all the banks before opening an fd.

Here are the best fixed deposit promos in malaysia 2020. About fixed deposits in malaysia.