Fixed Deposit Rate Malaysia August 2020

12 august to 31 december 2020 tenure interest rate p a 3 months. Looking for the best and latest fixed deposit promos in malaysia. 2 november 2020 best fixed deposit promos november 2020.

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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.

Fixed deposit rate malaysia august 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. He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. 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. We have combed through the market and found the best fixed deposits in malaysia for 2020 according to your needs.

And continuously roll overs at maturity for one year. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. Say he decides to deposit rm5 000 into a fixed deposit account for 1 month at a rate of 3 interest p a.