Bank Interest Rate Malaysia

Pursuant to the revised guidelines on reference rate framework issued by bank negara malaysia bnm on 18 august 2016 find out how the benchmark cost of funds is used to determine our base rate br and base lending rate blr base financing rate bfr for our property loans.

Bank interest rate malaysia. Malaysia interest rate bank negara malaysia holds rate again in november. Deposit interest rate in malaysia averaged 4 90 percent from 1980 until 2019 reaching an all time high of 9 75 percent in 1982 and a record low of 2 08 percent in 2009. Check out our rates apply now. The board added that the cumulative 125bps reduction in the key interest rate so far this year will continue to provide stimulus to the economy.

Yearly interest rate 12 months x placement period in months effective interest rate eir 0 0365 12 x 6. Jalan dato onn 50480 kuala lumpur malaysia. At its 3 november meeting the monetary policy committee of bank negara malaysia bnm kept the overnight policy rate at its all time low of 1 75. Grow your money for up to 60 months with high interest rates from ocbc malaysia s myr fixed deposit fd account.

Bank rakyat offers the best rate for most fd products this month 1 3 6 and 9 month tenure. Interest rates conventional select product. The highest interest rate recorded in this month s round up is 2 40 kfh malaysia. 3 6 12 months offer period.

However do take note that bank rakyat s fd products are not protected by pidm. Deposit interest rate in malaysia decreased to 2 98 percent in 2019 from 3 10 percent in 2018. This page includes a chart with historical data for deposit interest rate in malaysia. In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm.

In the event that your bank fails pidm protects you against the loss of your deposits but only for up to rm250 000 per depositor per bank. Enjoy an overdraft facility that grants quick access to funds with easi fd access. Up to 2 35 p a. 12 month fd whereas the lowest stood at 1 60 ambank.

For peace of mind look for the pidm sign that indicates your bank is a member bank. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Let s go with the same example above an fd with 3 65 p a. To find out your investment s true rate of return you need to take note of the interest rate and your placement period.

The central bank said the current monetary policy stance remains accommodative given the outlook for growth and inflation. Bank negara malaysia left its key overnight policy rate unchanged at 1 75 percent on november 3rd 2020 as widely expected. The decision marked the second consecutive hold and was in line with a thin majority of market analysts expectations.