With several interest rate hikes by the National Bank this year, the interest rate that time deposit depositors can enjoy is also increasing, which makes time deposit depositors full of joy.
The highest interest rate for time deposits offered by domestic banks is currently 3.50% p.a., that is, Bank Hong Leong and Bank Negara.
Let’s take a look at the details of time deposit offers from various banks in October.
1. Hong Leong Bank
Date: September 21 – October 31, 2022
Interest Rate.
3 months: 2.75% p.a.
6 months: 3.05% p.a.
12 months: 3.25% p.a.
18 months: 3.50% p.a.
24 months: 3.50% p.a.
Minimum deposit: RM10,000
Conditions: Must be deposited through HLB Connect Online and must be deposited by FPX transfer from other banks.
2. CIMB
Date: September 21 – November 3, 2022
Interest Rate.
3 months – 2.65% p.a.
6 months – 2.85% p.a.
12 months – 3.10% p.a.
Minimum Deposit: RM5,000
Conditions: Deposit must be made through CIMB Clicks website.
3. AmBank
Date: 15 September – 31 October 2022
Interest Rate: 12 months – 3.50%p.a.
Minimum deposit amount: RM10,000
Conditions: Must be transferred from other banks by FPX, must enter MSIA12 promo code.
4. Public Bank
A. eFD
Date: September 20 – December 31, 2022
Interest rate.
3 months 2.65%p.a.
6 months 2.85%p.a.
9 months 2.95%p.a.
12 months 3.05%p.a.
Minimum deposit amount: RM5,000
Details: You need to deposit with PBe Online Banking, you must transfer the deposit from other banks by FPX.
B. Term Deposit
Date: September 20 – December 31, 2022
Interest Rate.
3 months: 2.60%p.a.
6 months – 2.80%p.a.
9 months – 2.90%p.a.
12 months – 3.00%p.a.
Minimum Deposit: RM5,000Conditions: Fresh Fund only.
C. PB Golden 50 PLUS Fixed Deposit Account (“50FD”)
Date: 20 September – 31 December 2022
Interest Rate.
3 months: 2.65%p.a.
6 months – 2.85%p.a.
9 months – 2.95%p.a.
12 months – 3.05%p.a.
Minimum Deposit: RM5,000
Conditions: Fresh Fund only, PB Golden 50 PLUS subscribers only.
