The interest rates offered by the banks in the country are very low, but if you still want to keep your money in time deposit, then here is a suggestion for you to choose Promotional FD.
Here are the details of time deposit offers from various banks for the month of July 2022.
1. Hong Leong Bank
A. eFD
Date: July 1 – July 31, 2022
Interest Rate.
3 months: 2.40% p.a.
6 months: 2.50% p.a.
12 months: 2.90% p.a.
18 months: 3.00% p.a.
24 months: 3.10% p.a.
Minimum Deposit: RM10,000
Details: Deposit must be made through HLB Connect Online and must be transferred from another bank using FPX.
B. Step Up FD/FD-i
Date: July 1, 2022 – July 31, 2022
Interest Rates.
Months 1 to 4: 2.45% p.a.
Months 5 to 8: 2.90% p.a.
Months 9 to 12: 3.20% p.a.
Average interest rate: 2.85% p.a.
Minimum deposit amount: RM10,000
Details: Must be deposited through bank counter.
C. 1 Day Special
Date: July 7, 2022
Interest Rate.
12 months: 3% p.a.
Average interest rate: 3.00% p.a.
Minimum Deposit: RM10,000
Details: Must be deposited through HLB Connect Online and must be deposited by FPX transfer from other banks.
2. CIMB
Date: June 1, 2022 – July 17, 2022
Interest rate.
3 months – 2.35% p.a.
6 months – 2.45% p.a.
12 months – 2.55% p.a.
Minimum Deposit: RM5,000
Conditions: Deposit must be made through CIMB Clicks website.
3. Public Bank
A. PB Golden 50 PLUS Fixed Deposit Account (“50FD”)
Deposit Date: May 1, 2022 – August 31, 2022
Interest Rate.
6 months – 2.30%p.a.
9 months – 2.35%p.a.
12 months – 2.40%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only, PB Golden 50 PLUS subscribers only.
B. Term Deposit
Deposit Date: May 1, 2022 – August 31, 2022
Interest Rate.
6 months – 2.25%p.a.
9 months – 2.30%p.a.
12 months – 2.35%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only.
C. eFD
Deposit Date: 1 May – 31 August 2022
Time Deposit Interest Rate.
6 months 2.30%p.a.
9 months 2.35%p.a.
12 months 2.40%p.a.
Minimum deposit amount: RM5,000
Details: Deposit with PBe Online Banking is required and must be made by FPX transfer from another bank.
4. Bank Rakyat
Deposit Date: March 9 – July 9, 2022
Interest rates.
12 months – 2.60%p.a.
24 months – 2.80%p.a.
Minimum Deposit: RM10,000
Conditions: Must be deposited through a bank and must be a Bank Rakyat subscriber.
5. OCBC
Deposit Date: June 1, 2022 – July 6, 2022
Interest rate.
9 months – 2.55%p.a.
13 months – 2.65%p.a.
Minimum Deposit: RM1,000
Conditions: Deposit can be made through OCBC Internet Banking, not through OCBC APP.
