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Here are the Best Fixed Deposit Promos in Malaysia 2020

Updated 21 Oct 2020 – By MARTIJN BOUDEWIJN


Are you interested in the latest Fixed Deposit Promos in Malaysia? Want to get the most out of your hard-earned money? Well then, this article is for you. Here's the list of the most recent Fixed Deposit promotions. 

To those who are not sure about Fixed Deposit, it's a type of an investments account that allows you to invest a lump of money for a fixed time period and at a fixed rate of interest. This type of investment is quite popular because it's known to be risk-free and has higher interest rates when compared to the regular savings account. This is because it's calculated on a yearly basis, unlike a savings account which is calculated on a daily basis. The tenure of the fixed deposit account can also affect the interest rate - the longer the tenure, the higher the interest rate is given. 

Now, let’s take a look at the list (in no particular order).


 

1. RHB



Promo: Term Deposit Offer via Over-The-Counter & e-Term Deposit Offer via FPX
Effective Rate: Up to 2.45% p.a.
Minimum: RM10,000

Tenure: 6/12 months
Offer period: 22 September to 31 October 2020

 
Tenure Interest Rate (% p.a.)
6 Months 2.35
12 Months 2.45


2. OCBC Premier Banking




Promo: Fixed Deposit/-i Premier Deal
Effective Rate: Up to 2.90% p.a.
Minimum: RM10,000
Tenure: 3 months
Offer period: 1 April to 31 December 2020
 

3. OCBC Bank 


 
Promo: Online Fixed Deposit
Effective Rate: 1.95% p.a.
Minimum: RM1,000
Tenure: 10 months
Offer period: 15 September to 3 November 2020


4. Hong Leong Bank




Promo: eFixed Deposit/eFixed Deposit-i
Interest Rate: 2.30% p.a.
Minimum: RM 5,000
Maximum: RM 2,000,000
Tenure: 3 months
Offer Period: 1 September to 31 October 2020
 

5. Public Bank



Promo: PB Fixed Deposit/Term Deposit-i
Interest Rate: Up to 2.28% p.a.
Minimum: RM 10,000
Maximum: RM 10,000,000
Tenure: 3/8 months
Offer Period: 12 August to 31 October 2020
 
Tenure Interest Rate (% p.a.)
3 Months 2.08
8 Months 2.28


6. Public Bank



Promo: PB eFD via FPX Campaign
Interest Rate: Up to 2.20% p.a.
Minimum: RM 5,000
Maximum: RM 20,000,000
Tenure: 1/2/3 months
Offer Period: 20 July to 31 December 2020
 
Tenure Interest Rate (% p.a.)
1 Month 2.00
2 Months 2.10
3 Months 2.20

 


If you are interested in any of the fixed deposit promotions above, please contact the respective bank to get started. Don’t forget to check this article from time to time for the latest fixed deposit promotions. Also, share it with your friends so they can start making some extra money too.

Besides the promotions listed above, you can also check out our fixed deposit rates page here (from all the banks in Malaysia) that is updated daily.

Happy investing!

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