Malaysia fixed deposit rate 2012

Last week, my father ask me to find for him the best FD rate.

So I browse through the net and found out this link. 1 month, 3 month, 6 months and 1 year

The best is BANK RAKYAT.

Affin Bank -  3.05%, 3.1%, 3.25% and 3.6% 

Alliance Bank - 3%, 3%, 3.1% and 3.25%. FD Gold 12 months 3.3% (Interest paid monthly).

AmBank - 3%, 3%, 3.15% and 3.2%. Am50Plus 12 mths 3.25% (Interest paid monthly, FREE PA).

Citibank - 2.9%, 3.05%, 3.1% and 3.15%

CIMB Bank - 3%, 3.05%, 3.1% and 3.15%

Hong Leong Bank - 2.9%, 2.95%, 2.95% and 3.1%

HSBC Bank - 2.75%, 3%, 3% and 3.15%

Maybank - 3%, 3.05%, 3.1% and 3.15%

OCBC Bank - 2.85%, 2.95%, 3% and 3.15%

RHB Bank - 3%, 3.05%, 3.2% and 3.3%. Senior FD 12 months 3.3% (Interest paid monthly).

Public Bank - 3%, 3.05%, 3.1% and 3.15%. PB Golden 50 Plus 12 months 3.25%.

Standard Chartered Bank - 2.95%, 3%, 3.1% and 3.25%

UOB Bank - 2.9%, 2.95%, 2.95% and 3.10%

Bank Rakyat - 3.26, 3.65, 3.75 and 4.01% 

Source: http://www.bankrakyat.com.my/web/guest/127

Qiradh General Investment Account-i (Senior Citizen) Period of Investment (month) Rates (%) 1 0.00 3 3.65 6 3.75 9 3.85 12 4.01 15 4.05 18 4.10 24 4.20 36 4.25 48 4.30 60 4.50 > 60 4.60

http://ringgitwisefool.blogspot.com/2012/01/malaysia-latest-fixed-deposit-interest.html

A check on whether insured by PIDM:

Deposit – Taking Development Financial Institutions

• Bank Pembangunan Malaysia Berhad
• Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
• Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat)
• Bank Simpanan Nasional (BSN)
• Bank Pertanian Malaysia Berhad (Agrobank)

With the implementation for the Government Deposit Guarantee on 16 October 2008, PIDM now fully protects all ringgit and foreign currency deposits with commercial, Islamic andinvestment banks, international Islamic banks and deposit-taking development financial institutions regulated by Bank Negara Malaysia. This is a pre-emptive and precautionary measure, consistent with measures taken by neighbouring jurisdictions, to maintain financial stability. Malaysian banking system is well capitalised and profitable, and it is unlikely that the Guarantee will be called upon.

The Government Deposit Guarantee provides for additional depositor protection over and above that provided by PIDM, and will be in place until 31 December 2010. All types of depositors – whether businesses or individuals holding conventional or Islamic deposits – are fully protected on their eligible deposits.

For more information kindly proceed to PIDM webpage.

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