Here are six types of fixed deposits for your guidance and reference: i. In Malaysia, there are several types of fixed deposits that you can consider. Fixed Deposit Malaysia: 6 Types You Must Know Fixed deposit interest rates are also said to be higher than those of regular savings accounts, which typically offer only 0.3 to 0.5 percent per annum.
The maturity period of the deposit varies depending on each bank’s policy, and the interest rate offered also varies depending on the maturity period.įor example, if you have surplus salary that is not being used, you can invest in a fixed deposit with an interest rate of three percent per annum if you do not withdraw the money before the maturity period. In essence, a fixed deposit is a type of investment that is held without being withdrawn for a specific period of time. What is a fixed deposit? Is it a worthwhile and safe investment? This article will help you identify the things you need to know before investing in a fixed deposit account to make an informed decision.
Fixed Deposit Interest Rates in Malaysian Banks Fixed Deposit Malaysia: An Ultimate Guide for Savvy Investors.
