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Here are the Best Fixed Deposit Promos in Malaysia 2021

Updated 20 Jan 2021 – By Team Loanstreet


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. CIMB

Promo: Exclusive eFixed Deposit Rates
Interest Rate: Up to 2.25% p.a.
Minimum: RM5,000
Tenure: 3/6/12 months
Offer Period: 11 November 2020 to 20 January 2021
* Only for CIMB eFD via CIMB Clicks.

 

2. OCBC Bank

Promo:  Online Fixed Deposit Promotion
Interest Rate:  1.90% p.a.
Minimum: RM1,000
Maximum: Subject to your online banking withdrawal limit at other bank.
Tenure: 12 months
Offer Period: 5 November 2020 to 31 January 2021
 

3. Public Bank



Promo:
  PB eFD via FPX Campaign
Interest Rate:  Up to 2.20% p.a.
Minimum: RM 5,000
Maximum: RM 2,000,000 /eFD Account
Tenure: 1/2/3 months
Offer Period: 1 January 2021 to 30 April 2021

Tenure Interest Rate (% p.a.)
1 Month 2.00
2 Month 2.10
3 Month 2.20


4. 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: 1 January 2021 to 31 March 2021
 
Tenure Interest Rate (% p.a.)
3 Month 2.08
8 Month 2.28


5. Alliance Bank



Promo: 2021 Wealth and Fixed Deposit Campaign
Interest Rate:  Up to 20.21% p.a.
Minimum: RM 1,000
Tenure: 1/3 months
Offer Period: 4 January 2021 to 31 March 2021

 
Tenure Interest Rate (% p.a.)
1 Month 20.21
3 Month 6.38


6. Hong Leong Bank



Promo:  eFIXED DEPOSIT/eFIXED DEPOSIT-i PROMOTION
Interest Rate:  Up to 2.35% p.a.
Minimum: RM 10,000
Maximum: RM 2,000,000
Tenure: 3/6/12 months
Offer Period: 8 January 2021 to 31 March 2021
 
Tenure Interest Rate (% p.a.)
3 Month 2.30
6 Month 2.35
12 Month 2.30


7. HSBC Premier


Promo:  Wealth and Banca Bundle Q1 2021
Interest Rate:  Up to 6.38% p.a.
Minimum: RM 5,000
Tenure: 3 months
Offer Period: 4 January 2021 to 31 March 2021


8. Hong Leong Bank



Promo:  FD Pledge Credit Card Campaign
Interest Rate:  4.00% p.a.
Minimum: RM 2,000
Maximum: RM 50,000
Tenure: 3 months
Offer Period: 1 January 2021 to 31 March 2021

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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