Malaysia Fixed Deposit Rate 2020

This page provides malaysia interest rate actual values historical data forecast chart statistics economic calendar and news. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation. We have combed through the market and found the best fixed deposits in malaysia for 2020 according to your needs.

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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.

Malaysia fixed deposit rate 2020. Rates for maybank fixed deposit account. All interest dividend rates quoted may change without prior notice. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. Check out our rates apply now.

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. Enjoy an overdraft facility that grants quick access to funds with easi fd access. 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. Latest and the best fixed deposit time deposit interest rates promotion offered by malaysia major commercial and foreign banks october 2020 last update.

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. 2 november 2020 best fixed deposit promos november 2020. We at loanstreet compiled a list of the most recent fixed deposit promotions in 2020. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm.

He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. Subscribe to our newsletter. Looking for the best and latest fixed deposit promos in malaysia. We know you love.

Say he decides to deposit rm5 000 into a fixed deposit account for 1 month at a rate of 3 interest p a. 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 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. Grow your money for up to 60 months with high interest rates from ocbc malaysia s myr fixed deposit fd account.

And continuously roll overs at maturity for one year. Effective from 9 july 2020. This page includes a chart with historical data for deposit interest rate in malaysia.