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According to a message issued by Affin Bank, the interest rates on fixed deposits will be revised with effect from September 29, 2023 by 0.10% to 0.30% p.a..
The interest rates on time deposits of 1 month to 3 months will remain unchanged, i.e. 2.55% p.a., 2.60% p.a. and 2.75% p.a. respectively. However, the interest rate for time deposits of more than 4 months has been changed, with the 4-month and 5-month time deposit rates reduced to 2.75%p.a. from 2.85%p.a..
As for the six-month time deposit rate, it was reduced from 2.95%p.a. to 2.80%p.a., a decrease of 0.15%p.a. The seven- to 11-month time deposit rate was reduced from 3.05%p.a. to 2.80%p.a., a decrease of 0.25%p.a. The 12-month time deposit rate was reduced from 3.10%p.a. to 2.80%p.a. The 12-month time deposit rate was reduced from 3.10%p.a. to 2.80%p.a. The 12-month time deposit rate was reduced from 3.10%p.a. to 2.80%p.a. a.
The interest rate for 13-month to 24-month time deposits was reduced from 3.10% p.a. to 2.85% p.a. The interest rate for 25- to 60-month time deposits was maintained at 2.90% p.a.
