Frequent question: Which bank offers best FD rate Malaysia?

Bank Name Product Name Interest/Profit Rate
MBSB Bank MBSB Term Deposit-i 2.05%
Bank Simpanan Nasional BSN Term Deposit-i 1.90%
Kuwait Finance House Malaysia KFH International Commodity Murabahah Deposit-i 1.85%
RHB Bank RHB Ordinary Fixed Deposit 1.80%

What is the best fixed deposit rate in Malaysia?

Fixed deposits account comparison in Malaysia

Bank name Minimum balance 3 months
Standard Chartered Term Deposit-i MYR1,000 for 3 month tenures and above, MYR5,000 for 1 month 1.5%
Hong Leong Bank eFixed Deposit account MYR5,000 for 2 month tenures and above, MYR5,000 for 1 month 1.55%

Which bank FD rate is high 2020?

IDFC Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 500 days for the general public. For senior citizens, the interest rate is 0.50% more. Axis Bank also offers the highest interest rate of 5.75% for tenure between 5 years and 10 years.

Which bank is safe for fixed deposit?

Fixed Deposit Interest Rates

Bank name Tenure Interest rate (%) per annum
IDFC Bank 91 days to 180 days 6.75
Kotak Mahindra Bank 181 to 363 days 6.5
SBI 180 to 210 days 6.35
Axis Bank 6 months to 8 months 29 days 6.25

What is better than fixed deposit?

Short term debt funds invest in bonds with a maturity period of one to three years. It is suitable for low-risk investors with a similar investment horizon. It is a tax-efficient investment as compared to fixed deposits for investors in the higher tax brackets.

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Which bank gives highest interest on FD for 1 year?

FD Interest Rates with a 1-year Tenure

Top 10 1-year FDs for 2021
Bank Regular FD Rates (per annum) Senior Citizen FD Rates (per annum)
Fincare Small Finance Bank 6.00% 6.50%
ICICI Home Finance 4.30% 4.55%
Repco Bank 6.25% 6.75%

Which SBI FD is best?

The highest FD interest for SBI is 6.75% for regular accounts and 7.25% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.

How can I double my money?

Below are five possible ways to double your money, ranging from the low risk to the highly speculative.

  1. Get a 401(k) match. …
  2. Invest in an S&P 500 index fund. …
  3. Buy a home. …
  4. Trade cryptocurrency. …
  5. Trade options. …
  6. 10 best investments in 2021.
  7. 3 ways to know if your 401(k) is too aggressive.

Where can I get maximum interest on my money?

Here is a look at 10 investment avenues Indians look at while saving for financial goals.

  • Direct equity. …
  • Equity mutual funds. …
  • Debt mutual funds. …
  • National Pension System (NPS) …
  • Public Provident Fund (PPF) …
  • Bank fixed deposit (FD) …
  • Senior Citizens’ Saving Scheme (SCSS) …
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)
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