Public Bank Fixed Deposit Rate In Malaysia
Protected by pidm up to rm250 000 for each depositor.
Public bank fixed deposit rate in malaysia. In the event that your bank fails pidm protects you against the loss of your deposits but only for up to rm250 000 per depositor per bank. Bank muamalat malaysia 5 year fixed term deposit. Also it is 0 7 lower than the highest rate 4 05 updated mar 2018. The tenure of the fixed deposit account can also affect the interest rate the longer the tenure the higher the interest rate is given.
Rates charges deposit interest rates. Optional overdraft facility of up to 100 margin at attractive rates. So when identifying which fixed deposit account to put your money in the main points of consideration should be interest rates minimum deposit amount. Rmb 1000 for deposits of 2 months and above or rmb 5000 1 month tenure.
Public bank a complete one stop financial portal offering a range of accounts credit cards loans deposits and other financial aids for our personal and commercial customers. Bank simpanan nasional 1 year term deposit. Term deposit offer via over the counter e term deposit offer via fpx. Here s what pb efixed deposit account offers you.
Most fixed deposit accounts in malaysia are also regulated by perbadanan insurans deposit malaysia pidm that gives protection for your investment in the unlikely event of member bank failure. The remaining balance will continue to earn the fixed deposit rate. The rate of 3 35 is 0 05 lower than the average 3 4. Now let s take a look at the list in no particular order.
Ease of opening account for individual customers aged 18 years and above and sole proprietors who have existing conventional personal current accounts or savings accounts designated casa and registered for pbe. The same rm5 000 in a deposit account with a 12 month tenure at 3 40 interest p a. Pb efixed deposit account watch your cash grow and earn competitive interest rates. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm.
Withdrawals can only be made once the first 3 months of the fixed deposit tenure is completed. Will earn rm170 in interest. It requires a minimum for opening an account.