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Fixed deposit at 11 domestic banks (updated on January 22)

22/01/2023

FD from 11 domestic banks (updated on Jan 22)

You got a bonus before the Lunar New Year ended, and you got a lot of angpao during the Lunar New Year. You might think about temporarily saving time deposits. Currently, 11 domestic banks provide time deposit discounts. Let’s take a look at the time deposit offers that are currently available as of January 22.

1. Hong Leong Bank
Date: January 5th – February 15th, 2023
interest rate:
3 months – 3.93% p.a.
6 months – 4.13% p.a.
Minimum deposit: RM10,000
Conditions: It must be deposited through HLB Connect Online, and must be deposited from other banks using FPX.

2. CIMB
Date: January 3 – January 29, 2023
Minimum deposit: RM1,000
interest rate:
3 months – 3.58%p.a.
8 months – 3.98%p.a.
Conditions: Can be deposited over the bank counter or through the CIMB Clicks webpage.

3. Public Bank
A. eFD
Date: January 20 – March 31, 2023
interest rate:
3 months – 3.45%p.a.
6 months – 3.85%p.a.
9 months – 3.95%p.a.
12 months – 4.05%p.a.
Minimum deposit: RM5,000
Details: It needs to be deposited with PBe Online Banking, and it must be deposited from other banks in the form of FPX.

B. Term Deposit
Date: January 20 – March 31, 2023
interest rate:
3 months – 3.40%p.a.
6 months – 3.80%p.a.
9 months – 3.90%p.a.
12 months – 4.00%p.a.
15 months – 3.90%p.a.
18 months – 3.80%p.a.
Minimum deposit: RM5,000
Conditions: Fresh Fund only.

C. PB Golden 50 PLUS Fixed Deposit Account (“50FD”)
Date: January 20 – March 31, 2023
interest rate:
3 months: 3.45% p.a.
6 months – 3.85%p.a.
9 months – 3.95%p.a.
12 months – 4.05%p.a.
Minimum deposit: RM5,000
Conditions: Only for Fresh Fund, only for PB Golden 50 PLUS users.

D. Islamic Term Deposit
Date: January 20 – March 31, 2023
Minimum deposit: RM5,000
interest rate:
3 months – 3.50%p.a.
6 months – 3.90%p.a.
7 months – 3.95%p.a.
12 months – 4.10%p.a.
13 months – 4.00%p.a.
15 months – 4.00%p.a.
18 months – 3.90%p.a.
24 months – 3.80%p.a.
condition:
a. 7-month, 13-month and 24-month time deposits can only be deposited through bank counters.
b. Other time deposits can be deposited through bank counters or online.

4. Bank Rakyat
Date: Now – 31 January 2023
Minimum deposit: RM10,000
Interest rate: 6 months – 4.05%p.a.
Conditions: must be deposited through the bank counter.

5. Bank Muamalat
Date: Now – 31 January 2023
Interest rate: 3 months – 4.00%p.a.
Minimum deposit: RM5,000
Conditions: must be deposited through the bank counter, must be Fresh Funds.

6. OCBC
Date: November 10, 2022 – January 31, 2023
interest rate:
9 months – 3.69%p.a.
13 months – 3.79%p.a.
Minimum deposit: RM1,000
Conditions: Must pass OCBC Internet Banking. Not applicable to OCBC Mobile Banking APP.

7. Agro Bank
Date: November 24, 2022 – February 24, 2023
interest rate:
6 months – 4.10%p.a.
12 months – 4.25%p.a.
Minimum deposit: RM5,000
Conditions: must be deposited through the bank counter.

8. RHB
Date: Now – 28 February 2023
interest rate:
8 months – 4.08%p.a.
Minimum deposit: RM5,000
Conditions: It can be deposited from other banks via FPX. It can also be deposited directly through RHB savings or deposits in the current account.

9. MBSB
Date: January 20 – March 31, 2023
interest rate:
6 months – 4.08%p.a.
12 months – 4.25%p.a.
15 months – 4.30%p.a.
Minimum deposit: RM10,000
Conditions: Must be deposited through the counter. Must be Fresh Fund.

10. AmBank
Date: January 16 – January 31, 2023
interest rate:
2 months – 4.00%p.a.
Minimum deposit: RM10,000
Conditions: It needs to be deposited in the form of FPX through AmOnline. Enter the BEST2 promo code when depositing.

11. Affin Bank
Date: January 1 – January 19, 2023
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: RM10,000

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