Malaysia Fixed Deposit Rate

This page provides malaysia interest rate actual values historical data forecast chart statistics economic calendar and news. Auto renewing a fixed deposit investment can be to repeat the same tenure but the interest rate may not necessarily be the same. However occasionally they may also be called time deposit accounts as well depending on the bank.

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All tenures 12 months 12 to 18.

Malaysia fixed deposit rate. 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 interest dividend rates quoted may change without prior notice. About fixed deposits in malaysia. As a result banks have revised the interest profits rates on fixed deposit accounts to match the current financial situation.

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. Current savings accounts. The same rm5 000 in a deposit account with a 12 month tenure at 3 40 interest p a. The rates presented here have been revised after several cuts to the overnight policy rate.

Across the asian region some countries call similar bank issued products time deposits china or. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. Rates for maybank fixed deposit account. Best malaysia deposit interest rates.

Effective from 9 july 2020. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. 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. Will earn rm170 in interest.

Credit cards for online spend. Which is currently at a historically low 1 75. 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. Looking for the best and latest fixed deposit promos in malaysia.

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. We at loanstreet compiled a list of the most recent fixed deposit promotions in 2020. This page includes a chart with historical data for deposit interest rate in malaysia. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm.

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. All accounts fixed deposits current savings deposit promotions.