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Ambank has launched a fixed deposit that requires the depositor to keep some funds in a savings account.

13/02/2022

Ambank has launched a 6-months FD/TD-i & CASA/-i Bundle Campaign, which is a fixed deposit and savings/current account linked offer, with interest rates up to 3.25% p.a.

Ambank’s offer, which is the linking of fixed deposits and savings/current accounts, requires users to divide their funds into 2 parts, that is, 70% is deposited into fixed deposits, and 30% must be deposited into savings or current accounts.

This fixed deposit offer must be kept for 6 months and the minimum deposit is RM10,000. Taking the deposit of RM10,000 as an example, you must deposit RM7,000 into a fixed deposit and RM3,000 into a savings or current account.

Regular personal users of Ambank can get fixed deposit rates of 3.10% p.a. while other premium users can get fixed deposit rates of 3.20% to 3.25% p.a. After taking into account the 30% savings or current account deposits, the effective interest rate you can get for fixed deposits is 2.25% to 2.59% p.a.

This offer will end on March 31, 2022, and friends who are interested in depositing can head to the nearby Ambank.

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