Fixed Deposit In Malaysia
Fixed deposit is a type of account that lets you take out your money after a fixed period of time and generally gives higher yields than an ordinary savings account.
Fixed deposit in malaysia. Best fixed deposits in malaysia 2020 you worked hard for your money so make your money work hard for you. Enjoy an overdraft facility that grants quick access to funds with easi fd access. 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. However occasionally they may also be called time deposit accounts as well depending on the bank.
Also share it with your friends so they can start making some extra money too. About fixed deposits in malaysia. Don t forget to check this article from time to time for the latest fixed deposit promotions. If you are their priority banking customer you can get a preferential rate of 0 60 p a.
Grow your money for up to 60 months with high interest rates from ocbc malaysia s myr fixed deposit fd account. Besides the promotions listed above you can also check out our fixed deposit rates page here from all the banks in malaysia that is updated daily. 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. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm.
Across the asian region some countries call similar bank issued products time deposits china or. 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. Everything you need to know about fixed deposits. Standard chartered sgd fixed deposit.
6 month with standard chartered time deposit. Considered a safe haven compared to other investment types a fixed deposit fd is a popular choice for many first time investors. In malaysia fixed interest savings products issued by most banks are most commonly called fixed deposit accounts.