Fixed Deposit is a favorite way of saving for Malaysians. The benefits of Fixed Deposit are stability and low risk. From time to time, banks will adjust the interest rates for time deposit offers. Take a look at the preferential time deposit rates as of March 17, 2024
1. Hong Leong Bank
Date: March 1 – March 31, 2024
Minimum Deposit: RM1,000
Interest Rate:
3 months – 3.55%p.a.
6 months – 3.75%p.a.
10 months – 3.75%p.a.
12 months – 3.70%p.a.
18 months – 3.38%p.a.
24 months – 3.48%p.a.
Conditions: must be deposited by transfer from another bank via HLB Connect Online or HLB Connect APP in FPX.
2. CIMB
Date: March 1 – April 1, 2024
Minimum Deposit: RM1,000
Interest Rate:
3 months – 3.60%p.a.
6 months – 3.65%p.a.
7 months – 3.75%p.a.
12 months – 3.70%p.a.
Conditions: Deposits must be made through the CIMB Clicks webpage, by clicking on the link to the CIMB Promotions webpage. 3-month and 7-month time deposits must be deposited by transferring funds from other banks through FPX.
3. Public Bank
A. eFD
Date: March 15 – March 31, 2024
Interest Rate:
3 months – 3.60%p.a.
6 months – 3.65%p.a.
9 months – 3.70%p.a.
12 months – 3.75%p.a.
Minimum Deposit: RM5,000
Details: Deposits are required to be made with PBe Online Banking and must be transferred from another bank by means of FPX.
B. Term Deposit
Date: March 15 – March 31, 2024
Interest Rate:
3 months – 3.55% p.a.
6 months – 3.60%p.a.
9 months – 3.65%p.a.
12 months – 3.70%p.a.
Minimum Deposit: RM5,000
Terms and Conditions: Fresh Fund only.
C. Islamic Term Deposit
Date: February 22 – March 31, 2024
Minimum Deposit: RM5,000
Interest Rate:
3 months – 3.55%p.a.
6 months – 3.60%p.a.
7 months – 3.70%p.a.
12 months – 3.70%p.a.
13 months – 3.50%p.a.
15 months – 3.50%p.a.
18 months – 3.40%p.a.
24 months – 3.40%p.a.
Conditions: Deposits can be made online or through bank counters. 7-month and 13-month time deposits can only be made through bank counters.
4. RHB
Date: March 15 – April 30, 2024
Minimum Deposit: RM1,000
Interest Rate: 12 months – 3.70%p.a.
Terms and Conditions: Can be deposited via bank counter or via internet.
5. OCBC
Date: 31/1/2024 – 4/30/2024
Minimum Deposit: RM1,000
Interest Rate: 6 months – 3.50%p.a.
Terms and Conditions: Can be deposited through bank counters or online by FPX.
6. Affin Bank
Date: March 9 – March 31, 2023
Minimum Deposit: RM10,000
Interest Rate:
3 months – 3.60%p.a.
4 Months – 3.65%p.a.
6 months – 3.70%p.a.
9 months – 3.75%p.a.
12 months – 3.80%p.a.
Conditions: must be deposited online via AffinAwalys.
7. Bank Islam
A. TDT Extra Campaign
Deposit Date: February 2 – April 30, 2024
Minimum Deposit: RM10,000
Interest Rate: 6 months – 4.15%p.a.
Terms and Conditions: Deposit must be made over the counter.
B. MaxCash Campaign
Deposit Date: February 2 – April 30, 2024
Minimum Deposit: RM10,000
Interest Rate: 6 months – 5.50%p.a. (Final effective rate is 3.86%p.a.)
Conditions: Money needs to be deposited in 70% to 30% ratio into a time deposit account and a savings account respectively, which must be deposited through the bank counter.
8. Bank of China Time Deposit Offer (RM)
Date: January 12 – March 31, 2024
Deposit Period: 12 months
Interest Rate:
Minimum deposit RM20,000 – 3.90%p.a.
Minimum deposit RM150,000 – 3.95%p.a.
Conditions: Must be deposited at a branch and must be new funds.
9. BSN
Date: January 1 – April 30, 2024
Interest rate: 5.70%p.a.
Effective Interest Rate: 3.99%p.a.
Minimum Deposit: RM5,000
Terms and Conditions: Split your funds into 2 parts: 70% in a fixed deposit and 30% in BSN SSP Platinum. 5.70%p.a. is offered on fixed deposits, but the effective interest rate is only 3.99%p.a. after the deduction of 30% of the BSN SSP Platinum amount. Deposits need to be made through a bank counter.
