Fixed Deposit Promotion (as of Jan 2)
Many banks introduced fixed deposit discounts in January. Let’s see what time deposit discounts are available as of January 2nd.
1. Hong Leong Bank
Date: December 5, 2022 – January 4, 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: It must be deposited through HLB Connect Online, and must be deposited from other banks using FPX.
2. CIMB
A. eFD
Date: November 9, 2022 – January 2, 2023
interest rate:
3 months – 3.30% p.a.
6 months – 3.85% p.a.
12 months – 3.95% p.a.
Minimum deposit: RM5,000
Conditions: Deposit via CIMB Clicks webpage.
B. FRIA-i
Date: November 9, 2022 – January 2, 2023
interest rate:
3 months – 3.20% p.a.
6 months – 3.85% p.a.
12 months – 3.90% p.a.
Minimum deposit: RM5,000
Conditions: Deposit via CIMB Clicks webpage.
3. Public Bank
A. eFD
Date: January 1 – March 31, 2023
interest rate:
3 months – 3.45% p.a.
6 months – 3.85% p.a.
9 months – 4.05%p.a.
12 months – 4.25% 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 1 – March 31, 2023
interest rate:
3 months – 3.40%p.a.
6 months – 3.80%p.a.
9 months – 4.00%p.a.
12 months – 4.20% p.a.
15 months – 4.25%p.a.
18 months – 4.35% p.a.
Minimum deposit: RM5,000
Conditions: Fresh Fund only.
C. PB Golden 50 PLUS Fixed Deposit Account (“50FD”)
Date: January 1 – March 31, 2023
interest rate:
3 months: 3.45% p.a.
6 months – 3.85% p.a.
9 months – 4.05%p.a.
12 months – 4.25%p.a.
Minimum deposit: RM5,000
Conditions: Only for Fresh Fund, only for PB Golden 50 PLUS users.
D. Islamic Term Deposit
Date: January 1 – 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 – 4.30%p.a.
13 months – 4.30%p.a.
15 months – 4.30%p.a.
18 months – 4.50%p.a.
24 months – 4.80%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: November 10, 2022 – January 31, 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: November 1, 2022 – January 31, 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.
