FD rates from Maybank, Public Bank, and CIMB
Since November 7, various domestic banks have gradually increased the interest rate on time deposits, and depositors can expect higher interest rates each month.
Fixed deposit rates at Maybank and Public Bank have been raised effective November 7, while CIMB Bank (CIMB) has raised fixed deposit rates effective November 8. The fixed deposit rate offered by CIMB is much more attractive.
Maybank offers a 2.45% 1-month fixed deposit rate, while Public Bank offers only 2.20% and CIMB offers 2.50%. Maybank offers 2.65% on 2-month time deposits, Public Bank offers 2.35%, and CIMB offers 2.70%.
Maybank and CIMB both offer 2.70% on 3-month time deposits, while Public Bank offers 2.40%. Maybank and CIMB offer 2.80% on 6-month time deposits, while Public Bank offers 2.60%.
Maybank, CIMB, and Public Bank all offer 2.85% on 12-month time deposits.
As banks raise the interest rates on ordinary fixed deposits, it is expected that the interest rate on the Promotional Fixed Deposit, which will be introduced soon, will rise as well.
