Today I would like to share about fixed deposit rate or we used to call the FD interest rate in Malaysia.
FD is a low-risk investment tool with a certain amount of interest. Usually, we keep a fixed amount of money with a bank over a period of time on which we can earn some money from that. Although it is impossible to get rich if rely on FD. Investment in FD allows us to cultivate the good habit of saving.
Fixed Deposit is known to be one of the most secure investment but with a lower return. If you like to invest your money in the fixed deposit you may choose from the list below to maximize your return.
The table below is the latest conventional fixed deposit rate as of September 2019.
|Affin Bank||1.70%||1.80%||1.85%||1.85%||AFFIN FD|
|MBSB Bank||1.85%||1.90%||1.95%||2.15%||MBSB FD|
|CIMB bank||1.65%||1.70%||1.80%||1.85%||CIMB FD|
|Public bank||1.70%||1.75%||1.80%||1.85%||PBB FD|
|RHB bank||1.65%||1.70%||1.80%||1.85%||RHB FD|
|Hong Leong||1.50%||1.55%||1.60%||1.60%||HLB FD|
|Bank Rakyat*||1.85%||2.00%||2.15%||2.40%||Rakyat FD|
Update: Sep 2019
From the above chart, the highest interest rate is given by Affin Bank (3.90%) and other banks are 2.85% – 3.10%. Frankly, the fixed deposits interest rate between the banks in Malaysia is not much different. Choose the nearest branch or try to put eFD using online banking system.