According to Trading Economics and Bank Negara Malaysia, the average overnight policy rate in Malaysia is 1.75%. This means, most of the regular fixed deposit rates in Malaysia would be 1.75% and below. This is a 1.5% drop from the recent high average fixed deposit rate of 3.25% in 2019.
Don’t worry, there are FD promo rates this Chinese New Year!
Here's an overview of the rates:
Affin Bank’s Fixed Deposit offers some of the highest per annum interest rates on the market for deposits of 12 months. How the payment of interest works? If you place a deposit on any tenure up to 12 months, your money will earn interest when the fixed deposit matures. This means, most of the regular fixed deposit rates in Malaysia would be 1.75% and below. This is a 1.5% drop from the recent high average fixed deposit rate of 3.25% in 2019. Don’t worry, there are FD promo rates this Chinese New Year! Here's an overview of the rates: 1) Affin Bank. Usher in an Oxpicious CNY with Fixed Deposit/Term Deposit-i (FD/TD-i) Campaign Period: 21 January – 15 February 2021 This is also applicable via eFixed Deposit (eFD)/eTerm Deposit-i (eTD-i). FD/TD-i/eFD/eTD-i and AFFIN. Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only. Below from Affin Good morning Our latest Affin Bank FD promotion rate as below.
1) Affin Bank
For this promo, the customer is required to open and maintain a current or savings account to qualify for the special rates.
Minimum deposit: RM10,000 (RM9,000 in FD and RM1,000 in current or savings account)
Maximum deposit: – RM1 million (RM900,000 in FD and RM100,000 in current or savings account)
More details here: Affin Bank
2) Alliance Bank
To qualify for the special rates of up to 20.21% for the first month of deposit, one has to maintain an investment in selected unit trust funds or purchase Banca Regular Premium products.
Minimum deposit: RM1,000
Maximum deposit: None
More details here: Alliance Bank
3) CIMB eFixed Deposit
The campaign is only available on Clicks web/desktop view.
More info: CIMB eFixed Deposit
4) HSBC Premier
Enjoy special rates of up to 6.38% per annum on Term Deposit-i with a minimum placement of RM50,000.
Affin Bank Fixed Deposit Promotion
More info: HSBC Premier
5) Hong Leong
Affin Bank Fd Rate
The FD could be placed online, so you can enjoy the special rate without going out!
More info: Hong Leong FD Promotion
6) Public Bank eFD
More info: PB eFD via FPX Campaign
Share with your friends and family to make extra risk-free returns this Chinese New Year!
Disclaimer: The information stated is not intended to be and does not constitute financial advice, investment advice, or trading advice.