Latest Malaysian Fixed Deposit (FD) / Term Deposit (TD) Board Rates July / August 2016
Bank Negara Malaysia reduced the OPR in July 2016. The following is the latest revised FD / TD rates from the major banks: -
Please note: All rates quoted are per annum (p.a.). The rate is subject to change from time to time. Please contact the nearest bank for the latest rates.
Banks with PIDM
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From the table above, the bank offering the highest rate for 1 to 10 months FD/TD is Bank Muamalat. For 12 months FD, Affin Bank is the one offering the highest rate at 3.45% p.a. Bank Islam & Affin Bank used to offer the highest interest rates for most of the tenure before the the OPR cut but this is no longer true.
Banks with No PIDM
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If we include banks / institutions with no PIDM protection as well, then the highest interest rate for all the tenures above is offered by Bank Rakyat ranging from 3.3% p.a. for 1 month to 3.7% p.a. for 12 months.
