Rise in savings deposits surprises analysts | Focus Malaysia
A surprise change in the recent growth pattern of savings deposits versus fixed deposits (FDs) is getting the attention of economic observers and analysts. As of end-May, total savings (savings deposits plus FDs) stood at RM496.9 bil. This is 2.8% higher than a year ago. Total savings deposits alone stood at RM140 bil in May, an 8.4% growth year-on-year.