After 3 years, domestic banks are finally offering another 4.50% p.a. time deposit offer.
In 2019, many banks in the country offered a 4.50% p.a. time deposit offer, but with the outbreak of the global coronary disease epidemic in 2020, the world also began to enter the era of low interest rates, the time deposit rates offered by domestic banks are even lower.
Now AmBank is offering a 4.50% p.a. time deposit offer starting December 9, 2022, where customers can enjoy a superb interest rate of 4.50% p.a. for an 18-month time deposit.
Here is an example of RM10,000 deposit, the interest rate you can earn after 18 months of deposit will be RM675.
In addition, there are other banks in the country that offer fixed deposits at more than 4.00%p.a. such as Bank Islam, MBSB, Bank Rakyat, Hong Leong Bank and Affin Bank.
1. AmBank
Date: 9 December – 31 December 2022
Minimum Deposit: RM10,000
Interest Rate.
1 month – 3.38%p.a.
2 months – 3.50%p.a.
3 months – 3.75%p.a.
4 months – 3.85%p.a.
18 months – 4.50%p.a.
Conditions: Must be deposited via AmOnline by FPX transfer from another bank. Promo code must be entered.
2. Bank Rakyat
Date: 10 November 2022 – 31 January 2023
Minimum deposit amount: RM10,000
Interest Rate: 6 months – 4.05%p.a.
Conditions: Must be deposited through bank counter.
3. MBSB
Date: November 11, 2022 – December 31, 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.
4. Bank Rakyat
Date: 10 November 2022 – 31 January 2023
Minimum Deposit: RM10,000
Interest Rate: 6 months – 4.05%p.a.
Conditions: Must be deposited through the bank counter.
5. Hong Leong Bank
Date: 5 December 2022 – 4 January 2023
Interest rate.
3 months – 3.65% p.a.
6 months – 3.85% p.a.
12 months – 4.05% p.a.
18 months – 4.05% p.a.
24 months – 4.05% p.a.
Minimum Deposit: RM10,000
Conditions: Must be deposited via HLB Connect Online/APP and must be deposited by FPX transfer from another bank.
6. Affin Bank
Date: December 1, 2022 – December 31, 2022
Interest Rate.
4 months – 3.85%p.a.
6 months – 3.95%p.a.
9 months – 4.00%p.a.
12 months – 4.15%p.a.
18 months – 4.20%p.a.
Minimum deposit: RM20,000
Conditions: Must be deposited through affinalways Internet Banking.
