Agro Bank has launched a time deposit discount with a preferential interest rate of up to 4.91%p.a.
Agro Bank Malaysia has launched the Mega Combo 2024 campaign. Users can deposit funds into time deposit accounts and AgroPrimaS accounts at a ratio of 70% to 30%. The minimum deposit amount for this time deposit offer is RM10,000.
Users must deposit 70% of the deposit into the FRIA-i or FRIA-i 45Plus time deposit account, and 30% into the AgroPrimaS account. Users must deposit for 12 months.
Users who deposit FRIA-i 45Plus can enjoy an ultra-high interest rate of 4.91% p.a., those who deposit FRIA-i can enjoy 4.83% p.a., and depositing AgroPrimaS can enjoy 0.25% p.a.
Since funds must be deposited into time deposits and AgroPrimaS accounts at a ratio of 70% to 30%, the final effective interest rate (Effective Rate) is only about 3.50%p.a.
Agro Bank Fixed Deposit Offer
Dates: April 1 – July 31, 2024
Minimum deposit amount: RM10,000
Deposit term: 12 months
interest rate:
FRIA-i: 4.83%p.a.
FRIA-i 45Plus: 4.91%p.a.
AgroPrimaS: 0.25% p.a.
Conditions: Funds must be deposited into the FRIA-i/FRIA-i 45Plus time deposit account and the AgroPrimaS account in a ratio of 70% to 30% respectively.
