Bank of Nova Scotia Fixed Deposit

Get interest paid every month! Bank of Nova Scotia Fixed Deposit is a low risk, medium term account with attractive interest and easy terms

Bank of Nova Scotia Fixed DepositLow Risk - Great Return
Min. Deposit
RM1,000
Auto-renewal
Yes
Daily Interest
No
Early Withdrawal
No
Type
Conventional

Fixed Deposit Calculator

Interest Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Interest Rate
RM5,000 - RM1,000,0001 month1.95% p.a.
RM1,000 - RM1,000,0002 to 3 months2% p.a.
RM1,000 - RM1,000,0004 to 9 months2.05% p.a.
RM1,000 - RM1,000,00010 to 12 months2.1% p.a.
RM1,000 - RM1,000,00012 monthsNegotiable

Fees & Charges

Lost of Fixed Deposit Certificate
  • RM5 Service Charge

Requirements

Minimum Age
  • 18 years old
Who can apply
  • Any nationality
  • Associations
  • Clubs and Societies
  • Companies
  • Cooperatives

More Information

What do I get from Bank of Nova Scotia Fixed Deposit?

Open to everyone, this fixed deposit account only requires a minimum of RM1,000 from 2 months onward if you want to earn higher interest. 

There is a one month option available which you need to deposit a minimum of RM5,000.

You can either choose to have interest paid as a lump sum at maturity or get it paid into your account every month. 

The monthly payment option is great and well worth considering, not many banks offer that.

What do I need to open an account?

You can open this account with your MyKad and a cheque or some cash. The bank will issue you a fixed deposit certificate once your application has been approved.

Can I withdraw my money whenever I want?

Bank of Nova Scotia does not permit a premature withdrawal of your money in this fixed deposit account. 

Besides, you will not get paid interest at all when you decide to take your money out before your fixed deposit reaches its full term.

Can I close my fixed deposit account before the maturity date?

Terminations may be granted upon request, but the bank may either impose a penalty fee or refuse to pay out interest on your withdrawals. 

The best way to make money from an FD account is to make a commitment and keep to it.

Does PIDM protect this Bank of Nova Scotia Fixed Deposit?

Yes, This fixed deposit is eligible for protection by PIDM for up to RM250,000 per person per bank.