What is the Fixed Deposit (FD) Rate in your country?

Dear reshmaravi, Welcome to myLot. I am so happy that you choose this topic to be your 'first' response! I really appreciate it! The FD in your country is very good, 7-8% is consider very appropriate for those who depend on FD interest to live. The cost of living increase, need more income to survive. Co-opeartive banks giving a fantastic rate of 10-16% p.a. Is this Cooperative Bank safe and reliable?? Is there any risk on the deposit that we bank-in?? Is there any guarantee on the initial investment / capital? Thanks for sharing, really hope that the world economy will recover soon! Hope to hear from you again...

Co-operative banks are not fully risky. Some banks are very good. Some banks will cheat. Moreover I worked in one co-operative bank for 1& 1/2 year. I believe them. They will pay 10-16% of interest because they will earn that from loan parties. As they give 15% for Fixed Deposit and will take 18% from loan party. This is my real experiance. Loan party will pay and deposit holder will enjoy. At last the person will get profit who have already a rich person. So that our India still living in DEBT. "Rich will become more Rich, Poor will become more Poor."

Because of economic crisis business people lost much more. So I am praying god for good condition in Capital Market.

Dear yeomanly, That is great...7.5 - 8.5% is consider quite good. Because most of the countries are practising below 3% per annum! So far as per the response in this topic, it seems India is having relatively the highest rate of FD. Thanks for sharing, it is very useful and I appreciate it very much! Do keep in touch!

Oh, is it ? I never knew this. Thanks for starting this discussion. It is really helpful to know the interest rate in many countries.

Dear yugasini, Your baby is so cute and adorable...how many years old? In Malaysia we can put FD for 1 month but must be minimum amount RM5,000.00 about 2.1% per annum. Tenure of 2 months, 3 months, 6 months and 1 year can be deposit of RM500.00 minimum. Interest varies from 2.1% - 2.6%. They also have tenure for 2 years, 3 years and 5 years....depend on the promotion that the bank having...it can be up to 2.7%. 5% FD interest rate in your country consider quite good, as many countries are lowering their bank base lending rate (BLR). Thanks for sharing, it is gret to hear from you again. All the best and do keep in touch!

hi iriene, thanks for the comment,previously, the rates are more than this,have a nice day

Dear busky5, I really appreciate on your response here, this will truly allow me to understand what is the FD rate offered in other part of the world! 1 - 2% is very low, it won't be enough to support basic needs..so those pensioners or senior citizen, what alternative do they have to increase their income?? Is there any other secured and safe investment instruments available for the people to earn more? I truly hope that the economy will recover soon so that the interest rate will go up again...it's one of the main income for those who do not have employment.. Tks and do keep in touch, happy lyLotting!

Dear James,Wow, you have made the smart move to transfer your fund into a higher interest FD..good job, keep it up! You are one of the lucky one, the highest I have managed to lock-in was 9%. But now, the FD interest rate is at all-time low! Most of us now are relying on the Government bonds for a higher returns.. Thnaks and all the best!

Dear bluesinjid, Yes, for those savings below RM1,000 also has very low interest rate..0.5% - 2% depend on the types of saving account. Overall, in general the FD (Fixed Deposit) rate in Malaysia ranges between 2% to 2.7% depend on the tenures period and type of promotion the banks are having. In Canada, the interest rate is rather low too...I wonder what will be the best investment to secure a higher return..property market or stock market (extremely risky) or other financial instruments like insurance-link savings?! Thanks for sharing and happy myLotting!

This morning, Malaysia launch a unit trust by PNB, dividend payout - is not known yet..but many Malaysian- Chinese started to queue up outside the participating banks as early as 7.00 am. The bank will only open at 9:30 am.. This means that the people have to stand for nearly 2 and 1/2 hours just to purchase the unit trust. Previously they launched Wawasan 2020...within 2 hours, all Non-Bumi portion was fully taken up. So, you can imagine the high demand for this type of unit trust that pays around 6-7% dividend....therefore they limit the amount that an individual can buy! The FD rate in England is extremely low : 0.5%...how to survive on purely interest..??? How about property in England, does the price of property appeciate well? can the unit be rent out? Thanks for sharing, hope to hear your views on my other topics!