Ah, good old fixed deposits. What your mother and my mother feels most happy about putting money in. Fixed deposits are viewed as the safest of safe investments: You put your money in the bank for a fixed period, and they pay you interest for trusting in them.
Because the banks literally guarantee it — and the government will even protect by PIDM 250K pay you back, in the unlikely event the banks go bankrupt.
3-4% per year(Year 2020 1.9%-2.75%)
Most banks already have e-fixed deposits at their online banking portals. Log in to your account and apply directly online! (Alternately, you can go to the bank with your mother.)
Money in bank only can be a essay way to withdrawer for emergency fund ,but not ready the place of save money.(inflation in Malysia 4%-8%) depend your lifestyle and the city to live
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