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.
Following Bank Negara decision to raise Overnight Policy Rate (OPR) by 25 basis points to 2.5% last week, some banks in Malaysia start to revise up their Base Lending Rate (BLR) and Base Financing Rate (BFR).
This is the second time in 2010 that Malaysian have to bear the burden of higher interest rate. The first increase was implemented in March 2010.
Maybank, CIMB Bank, Public Bank, RHB Bank and Bank Islam have increased their BLR & BFR by 25 basis point to 6.05% from 5.80% previously. Other bank will follow suit.
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 This table are no longer maintained.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 This table are no longer maintained. This table is no longer maintained.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.
If you plan to buy a new car and do not know which banks give the best interest rates, you are at the right place. Just bear in mind that, the rate listed below are for new cars only.
The table below shows the current hire purchase or car loan package that banks in Malaysia offer as in March 2010 for comparison purpose. The package may change, so for confirmation, you can check with the respective bank.