• Best Fixed Deposit Interest Rates 2017

    In Malaysia, people have major debt issues and hence it is essential to save. Fixed deposits are considered one of the best safe havens for investment as well as saving money. However, it is only the best interest rates for fixed deposits that can actually help you understand whether they are actually worth it or not. This is because, the major thing to root is what are your returns and can the beat the inflation rate. the inflation rate plays a major role when it comes to deciding what kind of interest rates shall you opt for. Also have to note how the interest rates are calculated, monthly, yearly, half-yearly or on a daily basis. However, here are top products when it comes to fixed deposits in 2017 among the products in Malaysia.

    Top Fixed Deposits based on the Best Interest Rates Available in Malaysia

    1. Affin Bank:

      This financial institution offers 3.15% interest rate for a single month, 3.3% for 3 months and 3.4% and 3.7% for half-yearly and annually, respectively. These numbers are based on the revised rate as on July 18. 2014.

    2. Ambank:

      Ambank gives you 3.15% for monthly, 3.2% for quarterly, 3.25% for 6 months and 3.35% on a yearly basis. These rates are based on the revised rate as on July 18. 2014.

    3. Alliance Bank:

      They offer you 3.15% for a month, 3.2% for a 3 months, 3.25% for 6 months and 3.3% for a year. The rates are based on the revision as on July 21, 2014. Fixed Deposit Gold for a 12 month period is available at 3.40% where the interests are paid on a monthly basis.

    4. Hong Leong Bank:

      From this bank you can get 3.05% for a month, 3.1% for a quarter of a year, 3.2% for half a year and 3.30% for a year. These numbers are based on information collected on July 16, 2014.

    5. CIMB Bank:

      This financial institution offers 3.15% interest rate for a single month, 3.2% for 3 months and 3.25% and 3.3% for half-yearly and annually, respectively. These numbers are based on the revised rate as on October 7. 2014.

    6. HSBC Bank:

      The bank offers you 2.90% for a month, 3.10% for a 3 months, 3.15% for 6 months and 3.25% for a year. The rates are based on the revision as on July 16, 2014.

    7. OCBC Bank:

      From this bank you can get 2.90% for a month, 3% for a quarter of a year, 3.05% for half a year and 3.25% for a year. These numbers are based on information collected on July 14, 2014.

    8. Public Bank:

      This bank gives you 3.15% for monthly, 3.2% for quarterly, 3.3% for 6 months and 3.35% on a yearly basis fixed deposits. These rates are based on the revised rate as on July 16. 2014. There is also another product known as the PB Golden 50 Plus, which is a 12 month fixed deposit with 3.45% interest rate.

    9. RHB Bank:

      RHB Bank gives you 3.15% for monthly, 3.2% for quarterly, 3.25% for 6 months and 3.45% for a year’s fixed deposit. These rates are based on the revised rate as on July 18. 2014.

    10. Standard Chartered Bank:

      This global bank offers 2.95% for monthly, 3.1% for quarterly, 3.15% for 6 months and 3.25% for a year’s fixed deposit.These rates are based on the revised rate as on July 23. 2014.

    You may have already noted the Affin Bank offers the best option for a 12 month fixed deposit with an interest rate of 3.7%. But you should base your decision on other factors beyond just the interest rates. Other factors include the bank’s service, promotional offers etc.

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