After I have written an article on topic “Highest FD Rates in Malaysia“, I got good response. Some of my friends asking me on which bank pays the highest Fixed Deposit (FD) rates for 1 month.
So, today I’m going to share the best 1 month FD Rates in Malaysia. If we have RM 5000 for fixed deposit placement, which bank and what type of the account should we choose? In order to get the best 1 month FD, I have prepared the following table.
|1||Bank Rakyat Term Deposit Account||3.40% p.a.||No explicit guarantee from PIDM.|
|2||MBSB Conventional Fixed Deposit||3.30% p.a.||No explicit guarantee from PIDM.|
|3||Affin Bank||3.25 % p.a.||-|
|4||HongLeong Bank Mach Fixed Deposit||3.15 % p.a.||First Online Fixed Deposit|
MayBank, CIMB, RHB, BSN, Public bank, Ambank
|3.15 % p.a.||-|
|6||Agrobank Agro Investment-i||2.65 % p.a.||-|
From the table above, we can state that Bank Rakyat pay the highest 1 month Fixed Deposite rates.
In my view, Bank Rakyat pay the highest Fixed Deposite rates because their branches are less if compare to other bank. Besides, Bank Rakyat is no explicit guarantee from PIDM, so they pay higher rates to attract people.
LiangLiang writes about Saving, Blogging, and Investment, enjoys cooking and discovering everything new. Oh yes, she is a pretty and smart girl too.