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Here are the Best Fixed Deposit Promos in Malaysia 2020

Updated 20 Jan 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

Image result for rhb

Effective Rate: 4.10% p.a.
Minimum: RM10,000
Maximum: No maximum deposit
Tenure: 5 months
Offer period:  2 December 2019 to 29 February 2020

*Deposit must solely consists of fresh funds and deposit amount for CASA/-i placement must be minimum 20% of the FD placement.
 

2. MBSB Bank



Effective Rate: 5.5% p.a.
Minimum: RM22,500 (TD) & RM7,500 (CASA)
Maximum: No maximum deposit
Tenure: 6 months
Offer period: 10 October 2019 to 31 January 2020

*Only eligible when combining TD with Primewin CASA-i 

 

3. Public Bank

 


Effective Rate:  3.50% p.a. (3 months) / 3.70% p.a. (6 months)

Minimum: RM10,000
Maximum: RM10 million
Tenure: 3 months / 6 months
Offer period: 1 April 2019 to 31 March 2020
 

4. Hong Leong Bank 

Effective Rate:  3.98% p.a. 
Minimum: RM10,000
Maximum: RM2 million
Tenure: 6 months
Offer period: 8 January 2020 to 29 February 2020
 

5. Hong Leong Bank 


Effective Rate:  3.80% p.a. 3 months / 3.90% p.a. 6 months
Minimum: RM10,000
Maximum: RM2 million
Tenure: 3 months / 6 months 
Offer period: 8 January 2020 to 29 February 2020

6. CIMB Islamic Bank 

 

Effective Rate:  3.55% p.a.
Minimum: RM 10,000
Maximum: RM 20 million
Tenure: 6 months 
Offer period: 15 January 2020 to 30 April 2020

*Any deposit placement made for the purposes of the Campaign shall comprise of fresh fund deposited with the Bank. 
 
 


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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