Fixed Deposit Rate In Malaysia
6 months offer period.
Fixed deposit rate in malaysia. 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. Say he decides to deposit rm5 000 into a fixed deposit account for 1 month at a rate of 3 interest p a. 5 august to 30 september 2020 2. Term deposit offer via over the counter e term deposit offer via fpx effective rate.
Up to 2 90 p a. He will potentially earn rm150 in interest and also the flexibility of withdrawing his cash at the end of each month. About fixed deposits in malaysia. 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.
Across the asian region some countries call similar bank issued products time deposits china or. Ocbc premier banking promo. Fixed deposit i premier deal effective rate. However occasionally they may also be called time deposit accounts as well depending on the bank.
13 july to 31 december 2020. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. Standard chartered sgd fixed deposit.
6 month with standard chartered time deposit. And continuously roll overs at maturity for one year. 3 months offer period.