Malaysia Fixed Deposit Rates 2020
Bank Fixed Deposit Rates (FD rates) is quite important to some of the investors. No doubt, our parents are one of those hard core fans of it. Let’s have a look on Malaysia Bank fixed deposit rates in year 2020.
Rhb Fixed Deposit Rate 2020 India
A very detail Info Compilation done by our sales agent to save your reading time on LaundryBar Investment Scheme and Interest Scheme Act.
There are various bank announced bank fixed deposit rates for January 2020. The highest rate is 4.70% p/a.
Before we go in to the bank FD rate for January 2020, do you want to know another investment alternative to double up the rate? Here we are talking about from 4.70% to a minimum of 8% p/a.
Yes! You eyes are looking into the right percentage. It is a minimum of 8% yield p/a. City Coin Coin Technology Berhad has launched “LaundryBar Investment Scheme ” which provides a minimum of 8% return per year. This investment scheme has been approved by SSM in December 2019.
Fixed Deposit Enjoy Full waiver of commission/service charge on the first five cashier's orders or demand drafts for purchases of new public share or rights issues Overdraft facility of up to 100% of Fixed Deposit amount. Interest rates on fixed deposits have been revised by Canara Bank effective 8 February 2021 for deposits below Rs.2 crore. Interest rates have been reduced on fixed deposits maturing in one year by 5 basis points so that the interest rate is now 5.20% p.a. Interest rates on tenures ranging from 2 years to 10 years have been increased.
If you would like to know more about this investment scheme, contact us by clicking the WhatsApp Button. If you want to have a quick study over it, you may refer to our LaundryBar Investment Scheme Prospectus.
Alright, let’s go into bank fixed deposit rates for year 2020.
1. Public Bank FD
Promo Period: 1 October 2019 – 31 March 2020
Minimum Deposit: RM10,000
Tenure / Interest Rate (% p.a):
– 3-month / 3.50% p.a
– 6-month / 3.7% p.a
Rhb Fixed Deposit Rate 2020 Malaysia
2. Hong Leong Bank
Promo Period: 1 January 2020 – 7 January 2020
Minimum Deposit: RM10,000
Tenure / Interest Rate (% p.a):
– 3-month / 3.85% p.a
3. RHB Bank
Promo Period: 2 December 2019 – 29 February 2020
Minimum Deposit: RM10,000
Tenure / Interest Rate (% p.a):
– 5-month / 4.10% p.a
4. Standard Chartered Bank
Promo Period: 1 October 2019 – 31 March 2020
Minimum Deposit: RM10,000
Tenure / Interest Rate (% p.a):
– 6-month / 4.70% p.a
5. Affin Bank
Promo Period: Current – until management announcement
Minimum Deposit: RM500
Tenure / Interest Rate (% p.a):
– 12-month / 3.90% p.a
– 13-month and above/ 3.95% p.a
If you think the bank fixed deposit rates are not attractive enough, and you want something even better. Looking into LaundryBar Investment Scheme. Our scheme is approved by SSM and even reported by TheStar News since year 2017
Rhb Fixed Deposit Promo
If you would like to have a detailed explanation over LaundryBar Investment Scheme, go to our agent site. He has done a great explanation on it which also covers the Interest Scheme Act 2016.