The 25 basis point increase in the Overnight Policy Rate (OPR) will benefit fixed deposit (FD) savers after the real rate of return on deposits will return to positive in 2018.
KUALA LUMPUR: RHB Bank Bhd, RHB Islamic Bank Bhd, Bank Simpanan Nasional Bhd (BSN) and Bank of China (Malaysia) Bhd are among the financial institutions and development financial institutions (DFIs) which offer the best rates to borrowers.
According to the Bank Negara Malaysia's webiste, RHB Bank's base lending rate (BLR), RHB Islamic and BSN's base financing rate (BFR) are at 6.85% each.
As for the base rate, RHB Bank and RHB Islamic Bank are at 3.90% and BSN at 4.10%.
Bank of China's BLR is also at 6.85% while its base rate is 4.05%.
Malayan Banking Bhd BLR and Maybank Islamic Bhd's financing rate is at 6.90% each while the base rates are 3.25% each.
Aliance Islamic Bank Bhd's BFR and Alliance Bank's BLR are at 6.92% and their base rates at 4.07%.
Public Bank Bhd's BLR is at 6.97% and its base rate at 3.77%.
On the end of the spectrum, Kuwait Finance House (Malaysia) Bhd's BFR is the highest at 7.54% while its base rate is 3.65%.
The second highest BLR is that of Bangkok Bank Bhd at 7.37% while its base rate is 4.72%.
Click here to see Bank Negara's table: Base Rates, Base Lending/Financing Rates and Indicative Effective Lending Rates
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