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

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Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM5.00 Service Charge

Requirements

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 get from Bank of Nova Scotia Fixed Deposit?

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

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