Here are the Best Fixed Deposit Promos in Malaysia 2020

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. Ambank

Promo: 6-month Fixed Deposit/Term Deposit-i & Current & Savings Account/Current & Savings Account-i Combined Promotion 2020
Effective Rate: 3.30% p.a. / 3.50% p.a. (Exclusively for AmBank SIGNATURE Priority Banking Customers)

Minimum: RM7,000
Maximum: RM700,000

Tenure: 6 months
Offer period: 4 June to 31 August 2020

2. RHB

Promo: Commodity Murabahah Deposit-i (CMD-i)
Effective Rate: Up to 2.45% p.a.
Minimum: RM10,000
Tenure: 3/6 months
Offer period: 9 July to 31 August 2020

3. 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: 13 July to 31 December 2020

4. Public Bank

Promo: PB eFD via FPX Fund Campaign
Effective Rate: Up to 2.20% p.a.
Minimum: RM 5,000
Maximum: RM 2,000,000
Tenure: 1/2/3 months
Offer period: 1 June to 30 September 2020

5. Affin eFD via Online

Promo: Affin eFD via Online
Effective Rate: Up to 2.50% p.a.
Minimum: RM 10,000
Maximum: RM 10,000
Tenure: 3/5/6 months
Offer period: 1 June to 30 September 2020

Tenure	Interest Rate (% p.a.)
3 Months	2.45
5 Months	2.50
6 Months	2.45

6. OCBC Bank

Promo: OCBC FD via FPX Fund Campaign
Effective Rate: 2.18% p.a.
Minimum: RM 1,000
Tenure: 10 months
Offer period: 1 to 31 August 2020

7. AmBank

Promo: AmBank Online eFD/eTerm Deposit-i via FPX Campaign
Effective Rate: 2.35% p.a.
Minimum: RM 10,000
Tenure: 9 months
Offer period: 27 July to 17 August 2020
*Only applicable via AmOnline Website via FPX

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!