No alternatives to fixed deposit despite low rates

Excellentte Consultancy financial planner Jeremy Tan said: “ There are no alternatives to FDs since it gives an almost risk-free return, which no other asset classes can give out.”

PETALING JAYA: The returns on fixed deposit appears to be diminishing, given the current low interest rate environment in Malaysia.

This will put net savers at a disadvantageous position, even when the government is trying to spur more spending to boost the economy amid the raging Covid-19 pandemic.