MBSB is also offering a pure time deposit offer of up to 3.70% p.a.
MBSB Bank is offering two time deposit offers, one is a time deposit offer that requires partial deposit of funds into a savings or current account, and the other is a pure time deposit offer, which means that all funds can be deposited into a time deposit.
The first one is the one where the user needs to divide the funds into 30 to 70, which means 30% into the savings or current account and 70% into the time deposit account. Or 35 to 65, where 35% goes into the savings or current account and 65% goes into the time deposit.
This time deposit offer offers a maximum of 5.90% p.a., but the effective rate is only up to 4.05% p.a. after adding the funds to the savings or current account, and it requires 18 months of deposit.
The 2nd time deposit offer is a pure time deposit offer, that is, a real time deposit that does not require splitting the funds into 2 parts. This time deposit offer is available for deposits of 6 months to 18 months.
When choosing to deposit for 6 months, you can enjoy 3.30% p.a., for 9 months 3.40% p.a., for 12 months 3.65% p.a., for 15 months 3.67% p.a. and for 18 months 3.70% p.a.
The minimum deposit for each of these fixed deposits is only RM5,000 and must be made through MBSB Bank’s counter. The offer will last until December 31, 2022.
MBSB Pure Time Deposit Offer
Date: 1 September – 31 December 2022
Interest Rate.
6 months – 3.30%p.a.
9 months – 3.40%p.a.
12 months – 3.65%p.a.
15 months – 3.67%p.a.
18 months – 3.70%p.a.
Minimum deposit amount: RM5,000
Conditions: Must be deposited through the counter.
