![]() However, bear in mind that you may risk losing all or part of your interest if the fund is withdrawn prematurely. ![]() Typically, the longer your FD period is, the higher the interest rate is. 9 November 2022 As an example, if you maintain an account balance of RM30,000 and qualify for the Wealth Bonus on the first RM50,000, the Effective Interest/Profit Rate for the 3-month period is 3.65 p.a. for 3 months when you combine it with your wealth. ![]() This can also be done via iMoney's online calculator. Earn a promotional interest/profit rate of 3.65 p.a. To get maximum returns from your deposits, check the rates of all the banks before opening an FD. Keep yourself updated with the latest FD promotions by checking iMoney's online calculator regularly (Scroll up to use the calculator).ĭifferent banks have different FD interest rates. Interest rates from FD promotions are usually higher than the board rate. (excluding public holidays) 1300 88 0498. Most banks run FD promotions a few times a year in order to entice new and recurring customers. 1(within Malaysia) +603 8314 9090 (outside Malaysia) Monday to Friday. As such, if you have some spare cash that you do not need access to, you can boost your income by choosing to invest in it. Period: Deposit amount of 30,000 and above: 6 months: 2.70 p.a. FD's generally provide savers with higher interest rates than regular savings accounts. Here are the highest fixed deposit interest rates in Singapore 2023 based on banks current promotions.
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