Quick Answer: What Is The Best Investment Plan In Malaysia?

Which bank is best for fixed deposit in Malaysia 2020?

Best Fixed Deposit Promos – December 2020BankEffective Rate (% p.a.)Hong Leong Bank (eFixed Deposit-i)– 2.30 (3 months) – 2.35 (6 months) – 2.25 (12 months)OCBC Bank (Premier Deal)2.90OCBC Bank (Online FD Promo)1.90Public Bank (Fixed Deposit/Term Deposit-i)– 2.08 (3 months) – 2.28 (8 months)7 more rows•Dec 1, 2020.

What is better than fixed deposit?

Popular investments under this scheme include PPF, Post office time deposit, Senior citizen savings scheme, and Monthly income scheme among others. PPF, a long-term investment option offers guaranteed returns and offers a return of 7.90 per cent, and also falls under the EEE category (exempt, exempt and exempt).

Which bank is highest interest?

Fixed Deposit Interest Rates by Different BanksBankTenureInterest rateICICI Bank7 days to 10 years4% to 7.25%Punjab National Bank7 days to 10 years5.70% to 6.85%HDFC Bank7 days to 10 years3.5% to 7.40%Axis Bank7 days to 10 years3.5% to 7.25%2 more rows

How can I double my money in 5 years?

Rule of 72: Divide 72 by the Expected Annual Returns Since you want to double your money in 5 years, your investments will need to grow at around 14.4% per year (72/5). Or if your goal is to double in 10 years, you should invest in a manner to earn around 7.2% every year.

What is the safest investment?

1. Learn About Safe Investments. No investment is completely safe, but there are five (bank savings accounts, CDs, Treasury securities, money market accounts, and fixed annuities) that are considered to be among the safest investments you can own. Bank savings accounts and CDs are typically FDIC insured.

Which investments have the best returns?

Overview: Best investments in 2020High-yield savings accounts. … Certificates of deposit. … Money market accounts. … Treasury securities. … Government bond funds. … Short-term corporate bond funds. … S&P 500 index funds. … Dividend stock funds.More items…•

Which share to buy now in Malaysia?

Analysis Reports:Air Asia Berhad (AIRASIA 5099)Duopharma Biotech Berhad (DPHARMA 7148)Genting Malaysia Berhad (GENM 4715)IGB Real Estate Investment Trust (IGBREIT 5227)Malayan Banking Berhad (MAYBANK 1155)Nestle Malaysia Berhad (NESTLE 4707)Scientex Berhad (SCIENTX 4731)Tenaga Nasional Berhad (TENAGA 5347)More items…

Which bank gives the highest interest rate in Malaysia?

Here are some of the best high interest savings accounts in Malaysia.Standard Chartered Privilege$aver. Interest rate: Tiered, up to 6 per cent p.a. … OCBC 360. Interest rate: Tiered, up to 4.1 per cent p.a. … UOB Stash. Interest rate: tiered, up to 3.75 per cent p.a. … UOB InvestPro Account. … RHB Bonus Saver. … Maybank M2u Savers.

What should I invest 20k in?

How to Invest 20k in Australia (6 Best Ways In 2020)Invest in Stocks Through Commsec.Contribute to Your Super Fund.Open a High-Interest Savings Account with BOQ.Invest With a Robo-advisor Like Raiz.Use a Peer-to-Peer Lending Platform Like RateSetter.Start a University Fund for Your Child.

Where can I invest my money in Malaysia?

Fixed Deposits. Ah, good old fixed deposits. … Bonds. … Amanah Saham. … Unit Trusts / Mutual Funds. … Real Estate Investment Trusts (REITs) … Exchange Traded Funds (ETFs) … Stocks / Shares. … Peer-to-Peer Lending.More items…•

What should I invest with rm1000?

Pay off existing debt. If you have existing debt, it would be a good idea to take this RM1000 to clear all, if not some of it. … Add to your emergency fund. … Put into your retirement savings. … Protect yourself with a personal insurance. … Get a credit check and protection. … Upskill yourself. … Invest your money. … Get healthier.More items…•

How I can double my money?

Speculative ways to double your money may include option investing, buying on margin, or using penny stocks. The best way to double your money is to take advantage of retirement and tax-advantaged accounts offered by employers, notably 401(k)s.