The interest rates offered by the banks in the country are already 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 March 2022.
1. Hong Leong Bank
A. eFD
Date: March 1 – March 31, 2022
Interest Rate.
3 months: 2.25% p.a.
6 months: 2.30% p.a.
12 months: 2.40% p.a.
18 months: 2.60% p.a.
24 months: 2.75% 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 6 Month
Date: March 1, 2022 – March 31, 2022
Interest Rate.
Months 1 to 2: 2.00% p.a.
Months 3 to 4: 2.30% p.a.
Month 5 to 6: 2.90% p.a.
Average interest rate: 2.40% p.a.
Minimum deposit amount: RM10,000
Details: Must be deposited through counter, New Funds only.
C. Step Up FD/FD-i 36 Month
Date: March 1, 2022 – March 31, 2022
Interest Rate.
1st to 12th month: 2.40% p.a.
Months 13 to 24: 2.75% p.a.
25th to 36th month: 3.00% p.a.
Average interest rate: 2.72% p.a.
Minimum deposit amount: RM10,000
Details: Must be deposited through counter, New Funds only.
2. CIMB
Date: February 1 – March 31, 2022
Interest Rate.
3 months – 2.10% p.a.
6 months – 2.20% p.a.
12 months – 2.30% 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: January 1, 2022 – April 30, 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, PB Golden 50 PLUS subscribers only.
B. Term Deposit
Deposit Date: January 1, 2022 – April 30, 2022
Interest Rate.
6 months – 2.20%p.a.
9 months – 2.25%p.a.
12 months – 2.30%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only.
C. eFD
Deposit Date: 1 January – 30 April 2022
Time Deposit Interest Rate.
6 months 2.25%p.a.
9 months 2.30%p.a.
12 months 2.35%p.a.
Minimum deposit amount: RM5,000
Details: Need to deposit with PBe Online Banking, must be deposited by FPX transfer from other banks.
4. Ambank
Date: 8 November 2021 – 31 March 2022
Interest rate.
6 months – 3.10% p.a.
Minimum deposit amount: RM10,000
Conditions: Need to divide the fund into 2 parts, that is 70% into time deposit and 30% into savings or current account. Effective interest rate 2.25% p.a.
5. RHB
A. eFD
Date: February 10, 2022 – March 31, 2022
Interest rate.
6/9 months – 2.48% p.a.
Minimum Deposit: RM10,000
Conditions: Deposit must be made online through RHBNOW, you can use your own RHB account deposit, or transfer from other banks by FPX.
B. Counter
Date: February 10 – March 31, 2022
Interest Rate.
9 months – 2.42% p.a.
Minimum deposit amount: RM10,000
Conditions: Deposit must be made through RHB Counter.
Translated with www.DeepL.com/Translator (free version)
