With several interest rate hikes, the interest rates on time deposits from various banks in the country are not that low anymore. If you are interested in placing a fixed deposit, here are the details of the fixed deposit offers offered by various banks for August 2022.
1. Hong Leong Bank
Date: 1 August – 31 August 2022
Interest rate.
3 months: 2.55% p.a.
6 months: 2.70% p.a.
12 months: 3.05% p.a.
18 months: 3.30% p.a.
24 months: 3.30% p.a.
Minimum deposit: RM10,000
Details: Deposits must be made through HLB Connect Online and must be made by transfer from another bank using FPX.
2. CIMB
Date: 18 July – 15 September 2022
Interest rate.
3 months – 2.40% p.a.
6 months – 2.60% p.a.
12 months – 2.85% p.a.
Minimum deposit: RM5,000
Conditions: Deposit must be made through the CIMB Clicks website.
3. Public Bank
A. PB Golden 50 PLUS Fixed Deposit Account (“50FD”)
Deposit Date: 8 July – 31 August 2022
Interest Rate.
6 months – 2.70%p.a.
9 months – 2.75%p.a.
12 months – 2.80%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only, PB Golden 50 PLUS subscribers only.
B. Term Deposit
Deposit Date: 8 July – 31 August 2022
Interest Rate.
6 months – 2.65%p.a.
9 months – 2.70%p.a.
12 months – 2.75%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only.
C. eFD
Deposit Date: 8 July – 31 August 2022
Time Deposit Rate.
6 months 2.70%p.a.
9 months 2.75%p.a.
12 months 2.80%p.a.
Minimum deposit amount: RM5,000
Details: Deposit needs to be made with PBe Online Banking and must be transferred from another bank for deposit by FPX.
4. AmBank
Deposit Date: 18 July – 31 August 2022
Interest rates.
12 months – 3.20%p.a.
Minimum deposit: RM10,000
Conditions: Must be transferred via AmOnline by FPX, enter promo code BEST12.
5. RHB
Deposit Date: 27 June – 31 August 2022
Interest Rate.
9 months – 2.55%p.a. (eFD)
9 months – 2.50%p.a. (Over the counter)
Minimum Deposit: RM10,000
Conditions: Fresh Fund only, eFD must be transferred from other banks by FPX.
6. Maybank
Deposit Date: 25 July – 25 August 2022
Interest rate.
6 months – 2.80%p.a. (Fresh Fund)
6 months – 2.75%p.a. (Non Fresh Fund)
12 months – 3.00%p.a. (Fresh Fund)
12 months – 2.95%p.a. (Non Fresh Fund)
Minimum Deposit: RM10,000
Conditions: Available online or via counter deposit.
7. UOB
Dates: 6 August, 13 August, 20 August and 27 August 2022
Interest rate.
12 months – 2.95%p.a.
Minimum Deposit: RM10,000
Conditions: New Funds only, and must be deposited on Saturdays through selected UOB counters.
