After several interest rate hikes by national banks, the time deposits offered by banks are starting to attract attention. Various banks in the country are offering time deposit offers to attract customers to deposit. Here we take you through the time deposit offers as of November 12, 2022.
1. Hong Leong Bank
Date: October 29, 2022 – January 4, 2023
Interest Rate.
3 months – 3.00%p.a.
6 months – 3.30%p.a.
12 months – 3.50%p.a.
18 months – 3.60%p.a.
24 months – 3.60%p.a.
Minimum Deposit: RM10,000
Conditions.
I. Must be deposited online via HLB Connect.
II. New Funds only.
III. Must be transferred from other banks by FPX.
2. Public Bank
A. eFD
Date: November 8, 2022 – December 31, 2022
Interest rate.
3 months 3.05%p.a.
6 months 3.35%p.a.
9 months 3.55%p.a.
12 months 3.75%p.a.
Minimum deposit amount: RM5,000
Details: You need to deposit with PBe Online Banking, you must transfer the deposit from other banks by FPX.
B. Term Deposit
Date: November 8 – December 31, 2022
Interest Rate.
3 months: 3.00%p.a.
6 months – 3.30%p.a.
9 months – 3.50%p.a.
12 months – 3.70%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only.
C. PB Golden 50 PLUS Fixed Deposit Account (“50FD”)
Date: 8 November – 31 December 2022
Interest Rate.
3 months: 3.05%p.a.
6 months – 3.35%p.a.
9 months – 3.55%p.a.
12 months – 3.75%p.a.
Minimum deposit: RM5,000
Conditions: Fresh Fund only, PB Golden 50 PLUS subscribers only.
3. CIMB Bank
A. eFixed Deposit
Date: November 9, 2022 – January 15, 2023
Interest rate.
3 months – 3.30%p.a.
6 months – 3.75%p.a.
12 months – 3.95%p.a.
Minimum Deposit: RM1,000
Conditions: Deposit must be made through CIMB Clicks webpage, you need to click the link in CIMB webpage to deposit.
B. eFixed Return Income Account-i
Date: November 9, 2022 – January 15, 2023
Interest Rate.
3 months – 3.20%p.a.
6 months – 3.70%p.a.
12 months – 3.90%p.a.
Minimum Deposit: RM1,000
Conditions: Deposit must be made through CIMB Clicks webpage, you need to click the link in CIMB webpage to deposit.
4. AmBank
Date: November 11 – November 30, 2022
Interest Rate: 8 months – 3.80%p.a.
Minimum deposit amount: RM10,000
Conditions.
I. Must be deposited through AmOnline by FPX transfer from other banks.
II. BEST8 promotional code must be entered. 5.
5. Bank Islam
Date: 20 October – 31 December 2022
Interest Rate.
6 months – 4.00%p.a.
12 months – 4.20%p.a.
18 months – 4.40%p.a.
Minimum Deposit: RM10,000
Conditions.
I. Deposit through bank counter is required.
II. Must be Fresh Funds. 6.
6. MBSB
Date: 11 November – 31 December 2022
Interest Rate.
6 months – 4.00%p.a.
9 months – 4.10%p.a.
12 months – 4.20%p.a.
15 months – 4.25%p.a.
18 months – 4.30%p.a.
Minimum deposit amount: RM5,000
Conditions: Deposit must be made over the counter or through M-Journey Online Banking.
7. Bank Rakyat
Date: 10 November 2022 – 31 January 2023
Interest Rate: 6 months – 4.05%p.a.
Minimum deposit amount: RM10,000
Conditions: Must be deposited through the bank counter.
8. Bank Muamalat
Date: November 1, 2022 – January 31, 2023
Interest Rate: 3 months – 4.00%p.a.
Minimum Deposit: RM5,000
Conditions.
I. Must be deposited through bank counter.
II. Must be Fresh Funds.
