Yesterday, we look at conventional fixed deposit rate for July 2010. However, if you prefer to deposit in Islamic Fixed Deposit Account or commonly known as General Investment Account (GIA-i) instead of conventional fixed deposit account, the rates are shown in the table below.
Kindly note that, the rate showed in the table below are only indicative. It means that, the rates may changes according to agreed profit sharing ratio.
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 fixed deposit you may choose from the list below to maximize your return.
Fixed deposit rate is on the rise because Bank Negara Malaysia (BNM) started to raise OPR rate. The last rate increase in on May 2010.
The table below are the latest conventional fixed deposit rate as of July 2010.
Previously we look at conventional fixed deposit rate for May 2010. However, if you prefer to deposit in Islamic Fixed Deposit Account or commonly known as General Investment Account (GIA-i) instead of conventional fixed deposit account, the rates are shown in the table below.
Kindly note that, the rate showed in the table below are only indicative. It means that, the rates may changes according to agreed profit sharing ratio. This table are no longer maintained. To get the latest rates kindly browse Latest Islamic Fixed Deposit (FD) Rates page.
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 This table are no longer maintained. This table is no longer maintained.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.
Both CIMB Bank and Maybank through their respective Islamic Banking arm have a similar offering on Upfront Profit Fixed Deposit Account. CIMB Bank is the first introducing this product in 2007 while Maybank only offer it in 2009.
CIMB Bank’s offering is called “Fixed Return Investment Account-i (FRIA-i) – WhyWait” while Maybank’s offering called “Profit Now! Account-i (PNA-i)”. Both of them are Islamic Fixed deposit and sometimes called General Investment Account-i (GIA-i)
Both of them pay the profit upfront or in other word when you open the account instead of at maturity through other Fixed Deposit Account.
The table below show the comparison between CIMB Bank and Maybank offering.