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 This table are no longer maintained. This table is no longer maintained.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 |
For your info, Eon Bank is offering 2.9% for 12months tenure. T&C apply.
Thanks Adrian for point it out. This is promotion rate which end on 14th May.
I thought all banks allow partially withdrawal all the while. 😀
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.
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.
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?
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.