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Compare Fixed Deposits

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Features adn Benefits of Various Fixed Deposits in Malaysia. – PowerPoint PPT presentation

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Title: Compare Fixed Deposits


1
Fixed Deposit Comparison
Points to look for while comparing various Fixed
Deposit schemes
Report By, Aysha Maria
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  • Getting a fixed deposit scheme is one of the
    safest and most popular modes of saving.
  • Banks in Malaysia offer a host of fixed deposit
    products to match the financial need of almost
    all types of customers.
  • While availing and retaining a fixed deposit
    scheme isnt a herculean task, the essence lies
    in spotting the scheme that suits your financial
    requirements the best.
  • Here are some of the most basic and significant
    points of comparison that you should look for
    before investing your hard-earned money in the
    fixed deposit financial tool.

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Compare rates of interest offered by various banks
Compare rates of interest offered by various banks
  • Malaysian economy is teeming with domestic and
    international banks that offer a host of fixed
    deposit schemes to customers. Separate schemes
    are available for customers from various
    employment backgrounds. Also Islamic banking
    fixed deposits are another variant of deposit
    schemes that are offered by banks in Malaysia.
    Amidst so many choices, there may be times when
    you will not know which scheme is the best for
    you to avail. Interest rate offered by various
    banks can be a good data point for zeroing in on
    the deposit scheme that suits your financial
    requirement the best. Rates are often closely
    coupled with deposit tenure and deposit amount.
    Based on all these parameters, a deposit that
    offers maximum returns should ideally be chosen
    by customers.

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Compare rates of interest offered by various banks
Check the financial institute with which you are
placing your deposit
  • The bank with which you place your deposit plays
    a crucial role in ensuring growth and safety of
    your hard-earned money.
  • It is best to go for financial entities that are
    renowned and have an established reputation as
    well as steady growth.
  • This will shield your money from unforeseen bank
    collapses and resulting loss of money.

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Compare rates of interest offered by various banks
Check the frequency of interest payment
  • Usually, banks offer various interest payout
    frequencies to customers. This can be
    half-yearly, quarterly, yearly or even monthly.
    Depending upon your financial requirement and
    preference of obtaining interest, choose the
    deposit scheme that offers you the most suitable
    interest payout frequency.

Click here for FD Interest Rates in Malaysia
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Compare rates of interest offered by various banks
Look for liquidity, whether available or not
  • A lot of bank deposits offer flexibility of
    partially or fully withdrawing your deposit
    amount even before the maturity of your deposit.
    This gives freedom to customers to use their
    money for emergency financial needs.

If you know that you will need the deposit money
in case of any urgent financial crisis then it is
better for you to choose a fixed deposit that
offers liquidity as one of its primary features.
There are deposits that charge a small amount of
fee for partial withdrawals and there are those
too that let you withdraw partially without
paying any fee.
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Choose the one that fits your requirement the
best and use your deposit money to fulfill any of
your urgent financial needs. With the above major
data points in mind, choosing that perfect
deposit scheme amidst thousands of those
available in the market, will be a really smooth
cake walk.
Happy Depositing
Aysha Maria
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