| 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% |
| 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.
- 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)