Latest Fixed Deposit Rate Malaysia 2020

In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts.

Latest fixed deposit rate malaysia 2020. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. 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. We at loanstreet compiled a list of the most recent fixed deposit promotions in 2020. Latest blr base rate fixed deposit interest rates from every bank in malaysia.

We have combed through the market and found the best fixed deposits in malaysia for 2020 according to your needs. Latest and the best fixed deposit time deposit interest rates promotion offered by malaysia major commercial and foreign banks october 2020 last update. And continuously roll overs at maturity for one year. 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.

Say he decides to deposit rm5 000 into a fixed deposit account for 1 month at a rate of 3 interest p a. However occasionally they may also be called time deposit accounts as well depending on the bank. Effective from 9 july 2020. All interest dividend rates quoted may change without prior notice.

Best malaysia deposit interest rates. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation. Subscribe to our newsletter. Current savings accounts.

We know you love. He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. 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. Across the asian region some countries call similar bank issued products time deposits china or.

Get the latest promotions for deposits credit cards property listings and online discounts in your inbox. Latest bank lending fixed deposit interest rates. 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. Looking for the best and latest fixed deposit promos in malaysia.