Here are the Best Fixed Deposit Promos in Malaysia 2019

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. Hong Leong Bank

Effective Rate: 3.90% p.a.
Minimum: RM10,000

Maximum: RM2 million
Tenure: 6 months
Offer period: 1 September 2019 to 30 November 2019

2. HSBC Bank

Effective Rate: 4.0% p.a.
Minimum: RM10,000
Maximum: RM100,000
Tenure: 6 months
Offer period: 11 April 2019 to 31 December 2019

*This fixed deposit can solely consist of fresh funds.

3. Public Bank

Effective Rate: 3.50% p.a. (3 months) / 3.70% p.a. (6 months)
Minimum: RM10,000
Maximum: RM10,000,000
Tenure: 3 months / 6 months
Offer period: 1 October 2019 to 31 December 2019

*This fixed deposit can solely consist of fresh funds.

4. RHB

Effective Rate: 3.80% p.a.
Minimum: RM10,000
Maximum: No maximum deposit
Tenure: 6 months
Offer period: 3 October 2019 to 30 November 2019

*This fixed deposit can solely consist of fresh funds.

5. MBSB Bank

Effective Rate: 5.5% p.a.
Minimum: RM30,000
Maximum: No maximum deposit
Tenure: 6 months
Offer period: 10 October 2019 to 31 December 2019

6. CIMB

Effective Rate: 6% p.a.
Minimum: RM20,000
Maximum: No maximum deposit
Tenure: 6 months
Offer period: 1 November to 31 December

*This promotion requires you to pair the fixed deposit with Amanah Saham Nasional Berhad - Variable Priced Funds (ASNB-V).

7. Standard Chartered

Effective Rate: 4.70% p.a.
Minimum: RM70,000 (FD) + RM30,000 in current/savings account.
Maximum: RM210,000 (FD) + RM90,000 in current/savings account.
Tenure: 6 months
Offer period: 14 August 2019 to 30 November 2019

*Only eligible with a Fixed Deposit account in combination with Current/Savings account.

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!