Compare Fixed Deposit Rate In Malaysia
In many western countries, FD is also known as term deposit or time deposit. To those who are not sure about Fixed Deposit, it’s a type of an investments account that allows you to invest a lump of money for a fixed time period and at a fixed rate of interest. This type of investment is quite popular because it’s known to be risk-free and has higher interest rates when compared to the regular savings account. When it comes to saving and managing your cash, the two conventional methods you hear about the most are savings accounts and fixed deposits. While both of these accounts guarantee an assured rate of interest, there are certain requirements you have to fulfill. The minimum amount for a fixed deposits in Malaysia is around RM 5,000. On top of that, you need to lock away your cash for a fixed period to earn the full rate of interest. Can you share the highest interest rate for 12mths to 36mths pls ? If you have large sums , you can negotiate with your banker for better ra...