Top Banks In Malaysia 2020

Each has its own features and benefits so choosing the right one for you will require some research.

Top banks in malaysia 2020. With more than 40 branches it is one of largest foreign banks in the country by assets. 2 november 2020 best fixed deposit promos november 2020. If you re looking for a bank in malaysia you have plenty of choice. 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.

With about 70 branches and 4 000 employees it offers a broad suite of personal and commercial banking services including deposit and lending products credit cards mortgages wealth management investments capital markets foreign exchange and more. There are some strong local banks banks with a regional presence and global banking giants all operating in malaysia. Ocbc bank malaysia berhad the first singapore based islamic bank established in malaysia. Banks in malaysia some of which are the largest in southeast asia offer a comprehensive range of banking and financial services.

For peace of mind look for the pidm sign that indicates your bank is a member bank. A savings account is not only designed to keep your money safe but also grow too as banks will pay interest or profit on top of your savings. Maybank is a malaysian universal bank that was established in may 1960. With its 58 years of experience in the banking industry it has become one of the leading banks in southeast asia in fact it was listed as one of the top 10 asean bank brands and has been titled as the most valuable bank brand in malaysia.

Updated 03 nov 2020 by martijn boudewijn. The country s financial institutions are governed by the bank negara malaysia which was established in 1959. Best banks in malaysia 2020. It serves as the country s central bank responsible for promoting monetary and financial stability.

Best savings accounts in malaysia. Public bank bhd one of the leading financial services providers in malaysia established by its founder and chairman teh hong piow. We provide monthly updates on the best fixed deposit rates in malaysia with tables showing the top 5 rates for the duration of 1 3 6 9 and 12 months. If you are interested in any of the fixed deposit promotions above please contact the respective bank to get started.

In malaysia all deposits made at a member bank are automatically protected by perbadanan insurans deposit malaysia pidm. Hsbc bank malaysia berhad is the third largest foreign bank and the tenth largest among all malaysian banks by assets. We have combed through the market and found the best fixed deposits in malaysia for 2020 according to your needs. Here are the best fixed deposit promos in malaysia 2020.