You asked: Which bank gives the highest interest rate in Malaysia?

Which bank gives you the highest interest rate?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest Rates for General Citizens (per annum)
ICICI 7 days to 10 years 2.50% to 5.50%
Punjab National Bank 7 days to 10 years 2.90% to 5.25%
HDFC Bank 7 days to 10 years 2.50% to 5.50%
Axis Bank 7 days to 10 years 2.50% to 5.75%

Which fixed deposit is best in Malaysia 2021?

Here are the Best Fixed Deposit Promos in Malaysia 2021

  • Hong Leong Bank. Promo: 2021 New-To-Priority Banking Campaign. …
  • Hong Leong Bank. Promo: Exclusive Promotion For Aged 50 And Above: Enjoy 3.00% P.A. For 1 Month Fd/Fd-i With Hlb Bank Account. …
  • Hong Leong Bank. …
  • Hong Leong Bank. …
  • Public Bank. …
  • Public Bank.
  • OCBC Bank. …
  • Ambank.

Which bank gives more interest on savings account 2021?

All Banks Savings Account Interest Rates December 2021

List of Savings Account Banks Minimum Balance Required (INR) Savings Account Interest Rates (Per Annum)
DBS Bank (Digibank) 3.25% – 3.75%
Federal Bank Upto 4.00%
HDFC Bank 2500/5000/10000/25000 3.00% – 3.50%
HSBC Bank 2.50%

Which savings bank account is best?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.
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Which bank is best for investment in Malaysia?

5 Best Investment Banks In Malaysia

  1. Maybank Investment Bank. Maybank Investment Bank was named the best investment bank in Malaysia by Euromoney in 2020. …
  2. CIMB Investment Bank. …
  3. Affin Hwang Investment Bank Berhad. …
  4. Alliance Investment Bank Berhad. …
  5. HSBC Bank Malaysia Berhad.

What is better than fixed deposit?

What are short term debt funds? 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.

Can you lose money in fixed deposit?

The investments in fixed deposits are locked for a stipulated time period and hence the amount invested for that time cannot be withdrawn prematurely. In case of withdrawal before maturity period the fixed deposit needs to be broken drawing lower rate of interest and payment of a penalty.

Where do millionaires keep their money?

Many millionaires keep a lot of their money in cash or highly liquid cash equivalents. They establish an emergency account before ever starting to invest. Millionaires bank differently than the rest of us. Any bank accounts they have are handled by a private banker who probably also manages their wealth.

How can I get a 4 interest savings account?

Join a credit union.

  1. Open a high-interest online savings account. You don’t have to settle for cents of interest that you may get from a traditional brick-and-mortar bank’s regular savings account. …
  2. Switch to a high-yield checking account. …
  3. Build a CD ladder. …
  4. Join a credit union.
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Which savings account earns most money?

Certificates of deposit

Rates and minimum balance: CDs tend to pay the highest interest rates of the three types of savings accounts.