Bank of Nova Scotia

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

  • You DepositDeposit PeriodEffective Interest Rate
    RM5000 - 10000001 month3.2% p.a.
    RM1000 - 10000002 to 3 months3.25% p.a.
    RM1000 - 10000004 to 9 months3.3% p.a.
    RM1000 - 100000010 to 12 months3.35% p.a.
    RM1000 - 100000012 monthsnegotiable

Apply online now for Bank of Nova Scotia Fixed Deposit

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our Terms of Use. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for Bank of Nova Scotia Fixed Deposit

To help you better we need to know a little bit more about your application.
Confirm your application

Oops. We can't seem to get a quote for you for a while there. Please click "Get Quote" again.

Your qualifications have not met the requirements of this policy. Don’t worry, you can still check other insurance policies

Please fill in all fields and enter a valid email

Thank you for applying with RinggitPlus!

We’ve sent you an email to help with your application.

Continue to Bank of Nova Scotia website

If you have any questions let us know at [email protected], we'd love to help!

Follow us to keep in touch and not miss out on offers and promotions.

Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM5.00 Service Charge


Are you eligible for this Bank of Nova Scotia Fixed Deposit?

Minimum age
18 years old
Open To
  • Associations
  • Clubs and Societies
  • Companies
  • Cooperatives

Frequently Asked Questions about Bank of Nova Scotia Fixed Deposit

Things you might want to know

What do I need to know about the Bank of Nova Scotia Fixed Deposit?

This is a no frills fixed depositn ( FD) account that lets you earn a high interest rate for a fixed period of time. Open to everyone you only need to invest RM1,000 for two months to start earning interest. There is a one month option available but you'll need to fork out at least RM5,000 to get in.

Commit to a term longer than twelve months, or make a deposit greater than RM1 million, and you'll wield bargaining power to negotiate with the bank for a higher interest rate.

Can I take money out of my account whenever I want?

No, this is not possible. You can only withdraw the full amount when the term ends.Or, of course, you can cancel your account and lose any interest you might have earned.

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 a FD account is to make a commitment and keep to it.

How will I get my interest?

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.

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. 

Read More