Recently I updated my FIXED DEPOSIT PAGE at my main blog so that you are aware of the best and highest fixed/term deposit interest rates in Malaysia.
Click here to my FIXED DEPOSIT PAGE where I update frequently to share with you the latest best fixed deposit promos with the highest interest rates in Malaysia for 2015. It will also show you the FD board rates offered by most commercial and foreign banks in Malaysia, i.e. Alliance, Affin, AmBank, CIMB, Citibank, HSBC, Hong Leong Bank, Maybank, OCBC, RHB Bank, Public Bank and UOB Bank.
As of January 2015, the banks that offer the best and highest interest rates for Fixed Deposit and Term Deposit are as follows:
4% or higher 12 months – AmBank, Hong Leong Bank, MACH by HLB, UOB and Public Bank. Non-PIDM you have Bank Rakyat where interest can also be credited only into savings account.
4.38% for 24 months – Affin Bank. However please check when interest is paid, i.e. semi annually or end of maturity.
4.28% for 24 months. Hong Leong Bank Junior FD. For this account, interest is credited monthly. And if you are a grandparent, you can sign up for this promo which is better than HLB Senior FD. Click here to my article The Best Savings Account in Malaysia to learn more. And if the counter staff tells you you as a grandparent cannot open a joint Junior FD with your son and grandson, tal kto the Service Manager or Bank Manager and ask that they check with HQ.
4.5% for 36 months – AmBank.
And if you are new to Fixed Deposit or Term Deposit, I have published several articles for you benefit:
Get More Free Money with The Right Fixed Deposit Promotion. This article/tutorial was written to introduced Fixed/Term Deposit to new depositors and even for serious FD fans.
A Little Bit Of This and A Little Bit Of That Volume I, chapter IV - in this article I will teach you how to satisfy the requirement of fresh fund in order to qualify for Fixed Deposit Promotion with the same bank using your funds that matures on the same day. You don’t need to leave the bank where your FD matured in order to qualify for their current FD Promo.
A Little Bit Of This and A Little Bit Of That Volume I, Chapter VII – in this article I will tell you the benefits and cons of Certificate Type Fixed Deposit versus Statement Based Fixed/Term Deposit. And also why you need FD, lots of it actually, compared to owning lots of properties which are not liquid and can’t prolong your life or pay your hospital bills.