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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 the month of May 2022.
1. Hong Leong Bank
A. eFD
Date: May 1 – June 30, 2022
Interest Rate.
3 months: 2.00% p.a. (May 1 to May 31)
3 months: 2.15% p.a. (June 1 to June 30)
6 months: 2.25% p.a.
12 months: 2.35% p.a.
18 months: 2.65% 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 36 Month
Date: May 1, 2022 – May 31, 2022
Interest Rate.
Months 1 to 12: 2.45% p.a.
Months 13 to 24: 2.80% p.a.
25th to 36th month: 3.30% p.a.
Average interest rate: 2.85% p.a.
Minimum deposit: RM10,000
Details: Must be deposited via HLB Connect Online and must be deposited by FPX transfer from another bank.
C. Step Up FD/FD-i 36 Month
Date: May 1, 2022 – June 30, 2022
Interest Rate.
Months 1 to 12: 2.45% p.a.
Months 13 to 24: 2.80% p.a.
25th to 36th month: 3.15% p.a.
Average interest rate: 2.80% p.a.
Minimum deposit amount: RM10,000
Details: Must be deposited through bank counter.
2. CIMB
Date: April 1 – May 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: 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 deposited by FPX transfer from other banks.
4. RHB
A. eFD
Date: April 11 – May 31, 2022
Interest Rate: 12 months – 2.50% p.a.
Minimum deposit amount: RM10,000
Conditions: Deposit must be made online through RHBNOW, you can use your own RHB account deposit or transfer from other banks in the form of FPX.
B. Counter
Date: April 11 – May 31, 2022
Interest Rate: 12 months – 2.53% p.a.
Minimum deposit amount: RM10,000
Conditions: To be deposited through RHB Counter.
