Best Fixed Deposits Rates, Malaysia

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Best Fixed Deposits Rates, Malaysia

The best fixed deposits rates in Malaysia has dropped. Effective Friday, 23rd January 2009, during the latest Monetary Policy Meeting, Bank Negara Malaysia cut the Overnight Policy Rate by 75 basis point from 3.25% to 2.50%.

This decision has resulted in a change in the best fixed deposits rates offered by banks and financial institutions in Malaysia.

Here is the table to show the latest and best fixed deposits rates of banks and financial institutions in Malaysia.

Malaysia Fixed Deposits
BANK	12-Mth Rate % (p.a.)
Affin Bank Berhad	3.00
AmBank (M) Berhad	3.05
Bangkok Bank Berhad	3.75
Bank of China (M) Berhad	3.50
CIMB Bank Berhad	3.00
Citibank Berhad	3.00
Beutsche Bank (M) Berhad	3.00
Hong Leong Bank Berhad	3.70
HSBC Bank Malaysia Berhad	3.00
Malayan Banking Berhad	3.00
OCBC Bank (Malaysia)	3.00
Public Bank Berhad	3.00
The Royal Bank of Scotland	3.70
United Overseas Bank (M) Berhad	3.10
Correct as at 26 January 2009. All rates subject to change without notice.

As at 26 January 2009, Bangkok Bank is paying the highest and best fixed deposits rates of 3.75% pa for a 12-month deposit. Tied for the second best fixed deposits rates in Malaysia are Hong Leong Senior Savers and Royal Bank of Scotland with 3.70%.

Keep reading Malaysia Fixed Deposits, where we bring you the latest and best fixed deposits rates in Malaysia.