Fixed Deposit Rate Comparison Table, May 2010



fixed deposits

If you like to invest your money in the most secure instrument, fixed deposit is one of the best choice. Bank Negara increased OPR rate early this year, so fixed deposit rate also on the raise. You may want to park in your money in fixed deposit if you believe in “Sell in May and Go Away” adage.

The table below shows the conventional fixed deposit rate as of May 2010. This table are no longer maintained. This table is no longer maintained. For the latest rate kindly browse this page.

Banks / FD Product Rates % (p.a.) Partial Withdrawal Frequency of Interest Payment
Tennure (Months)
1 3 6 9 12
Affin Bank
2.25
2.3
2.45
2.5
2.75
Yes
Upon maturity
Alliance Bank
2.25
2.3
2.35
2.4
2.75
No
Upon maturity
AmBank
2.25
2.3
2.35
2.35
2.75
No
Upon maturity
Bangkok Bank
2.25
2.3
2.35
2.35
2.75
Yes
Upon maturity
Bank of China
2.25
2.25
2.25
2.25
2.6
No
Upon maturity
Bank of Tokyo-Mitsubishi UFJ
2.25
2.25
2.25
2.25
2.75
No
Upon maturity
CIMB Bank
2.25
2.3
2.35
2.35
2.75
No
Upon maturity
Citibank
2.25
2.25
2.35
2.35
2.6
Yes
Upon maturity
Deutsche Bank
2.25
2.3
2.35
2.35
2.75
Yes
Upon maturity
EON Bank
2.25
2.3
2.35
2.35
2.75
No
Upon maturity
Hong Leong Bank
2.25
2.3
2.35
2.35
2.75
No
Upon maturity
HSBC Time Deposit
2.25
2.25
2.3
2.35
2.6
No
Upon maturity
HSBC Premier Flexi Time Deposit
2.25
2.25
2.3
2.35
2.6
Yes
Monthly
J.P. Morgan Chase Bank
2
2
2
2
2.5
Yes
Upon maturity
Maybank Flexi FD
2.25
2.3
2.35
2.35
2.75
Yes
Upon maturity
OCBC Bank
2.25
2.3
2.3
2.3
2.6
Yes
Upon maturity
Public Bank FD Plus
2.25
2.45
2.5
2.55
2.75
Yes
Monthly
RHB Bank
2.25
2.25
2.25
2.25
2.75
No
Upon maturity
Standard Chartered Bank
2.25
2.25
2.25
2.4
2.6
Yes
Upon maturity
The Bank of Nova Scotia
2.25
2.3
2.35
2.35
2.75
No
Monthly
The Royal Bank of Scotland
2.25
2.25
2.25
2.25
2.6
No
Upon maturity
United Overseas Bank
2.25
2.25
2.25
2.25
2.6
No
Upon maturity


Leave a Comment

  • Adrian 3rd May, 2010, 10:11 pm

    For your info, Eon Bank is offering 2.9% for 12months tenure. T&C apply.

    Reply
    • 1mdb.com 3rd May, 2010, 10:16 pm

      Thanks Adrian for point it out. This is promotion rate which end on 14th May.

      Reply
  • ChampDog 3rd May, 2010, 11:45 pm

    I thought all banks allow partially withdrawal all the while. 😀

    Reply
  • KC 7th May, 2010, 11:31 am

    Hi owner,

    I have a question.

    Take RHB bank as example,
    May I know if the rate for 1 mth and 9mths are the same, why would anyone invest for 9mths period?

    Please enlighten me. Thanks.

    Reply
    • 1mdb.com 7th May, 2010, 12:12 pm

      If the rate is the same, there is no benefit if you keep for nine month. Better keep for 1 month as you have the flexibility.

      Reply
  • KC 7th May, 2010, 12:36 pm

    Thanks for answering. That’s exactly my point, and normally banks will automatically renew it after the maturity period, there’s no hassle in it for 1 mth investment.

    I am new to investment. I know FD is barely called as an investment, but I am going to use it as my 1st tool. 2.75% for 1 year sounds good to me, as this fund is meant for my family saving fund for a short term period (abt 2 yr). Any comment?

    Reply
    • 1mdb.com 7th May, 2010, 4:17 pm

      Yes, FD is secure but you may want to explore other secure investment such as fixed price fund that offer by PNB. Historically, they pay much higher dividend. Take a look at “Amanah Saham Nasional” category in this blog.

      However, if you are Chinese, I am sorry to say that it is fully subscribed.

      Reply