Banks are raising FD interest rates.
To attract customer to deposit fixed deposits, several domestic banks are raising the fixed deposit’s preferential interest rates.
The current maximum fixed deposit discount in our country is 3.50% p.a. as a result of the National Bank’s interest rate increases in May, July, and September. This implies that customers only need to deposit fixed deposits for 12 months to take advantage of the preferred interest rate of 3.50%.
AmBank’s fixed deposit promotion gives 3.50% p.a. on deposits for 12 months; deposits for this promotion must be made through AmOnline and require the entry of the MSIA12 promo code. The promotion is valid through October 31, 2022.
A 3.50% p.a. fixed deposit offer is also available from Hong Leong Bank, but you must deposit the money for 18 or 24 months to qualify for this rate. Only 3.25 percent every year if kept for a year. The fixed deposit offer is valid until October 31, 2022, and deposits must be made through Hong Leong Connect.
A 12-month 3.30% p.a. fixed deposit offer with a minimum deposit of RM5,000 has been released by CIMB Bank. The promotion will be available from October 13 to November 3, 2022. The CIMB Clicks website must be used to place this fixed deposit.
A 12-month 3.40% p.a. fixed deposit offer has been introduced by RHB Bank. The required online deposit must be for a minimum of RM10,000. Enjoy 3.25% p.a. on your deposit for 6 months through November 27, 2022.
For Public Bank, the minimum deposit amount is RM10,000, and you can receive 3.05% p.a. after 12 months of deposits.
