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Fixed Deposit (FD) rates of banks in Malaysia (August 09)

In March, I wrote a post on the Fixed Deposit rates of the major banks in Malaysia HERE. Not much change since then. Here’s the update for the month of August 2009.

Bank	1 month	3 months	6 months	9 months	12 months
Affin Bank	2.00	2.10	2.20	2.30	2.50
Alliance Bank	2.00	2.00	2.00	2.00	2.50
AmBank	2.00	2.10	2.20	2.20	2.50
Bangkok Bank	2.00	2.05	2.10	2.20	2.50
CIMB Bank	2.00	2.10	2.10	2.10	2.50
Citibank	2.00	2.00	2.00	2.00	2.50
EON Bank	2.00	2.00	2.00	2.00	2.50
Hong Leong Bank	2.00	2.00	2.00	2.00	2.50
HSBC Bank Malaysia	2.00	2.00	2.00	2.00	2.50
Maybank	2.00	2.10	2.10	2.10	2.50
OCBC Bank (M)	2.00	2.00	2.00	2.00	2.50
Public Bank	2.00	2.10	2.10	2.10	2.50
RHB Bank	2.00	2.00	2.00	2.00	2.50
Standard Chartered Bank (M)	2.00	2.00	2.00	2.00	2.50
The Bank of Nova Scotia	2.00	2.00	2.00	2.00	2.50
The Royal Bank of Scotland	2.00	2.00	2.00	2.00	2.50
United Overseas Bank (M)	2.00	2.00	2.00	2.00	2.50

There’s not much change to the interest rates of most banks. Most of them have the standard 2.0% for 1-11 months, and 2.50% for 12 months FD. The good thing is major banks like CIMB, Maybank, Public Bank and Ambank are giving pretty good FD rates as compared to the international banks. Most of our accounts are in there anyway. And if you are looking to invest for anything less than a year, I guess the best is Affin even though it is not as accessible as other local banks (not as many branches around).

Hope it helps.

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