|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.
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%|
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.
- Get a 401(k) match. …
- Invest in an S&P 500 index fund. …
- Buy a home. …
- Trade cryptocurrency. …
- Trade options. …
- 10 best investments in 2021.
- 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)