【Year 2020】Which Bank Has the Best Fixed Deposit Rates in Malaysia?

Is managing your finance wisely one of your new year resolution? If yes, make sure you check these fixed deposit promotion now!

1. Public Bank

Fixed Deposit Promotion

Promotion Period: Now – 31st March 2020

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Minimum Deposit: RM 10000

Tenure: 3 months / 6 months

Effective Rate:

  • 3 months: 3.50%p.a.
  • 6 months: 3.70%p.a.

Terms & Conditions:

  • Only for fresh funds
  • Deposit must be made over counter

2. RHB Bank

Fixed Deposit Promotion: CASA/-i placement

Promotion Period: Now – 29th February 2020

Minimum Deposit: RM 10000 (Fixed Deposit); RM 2000 (Savings / Current Account)

Tenure: 5 months

Effective Rate:

  • 5 months: 4.10%p.a.

Terms & Conditions:

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

3. Hong Leong Bank

Fixed Deposit Promotion: eFixed Deposit/-i placement

Promotion Period: Now – 7th January 2020

Minimum Deposit: RM 10000

Tenure: 3 months

Effective Rate:

  • 3 months: 3.85% p.a.

Terms & Conditions:

  • Deposit must be made via Hong Leong Connect.
  • Deposit can be made via FPX to Hong Leong account.

4. Affin Bank

Promotion Period: Now until further notice

Minimum Deposit: RM 500

Tenure: 12-60 months

Effective Rate:

  • 12 months: 3.90% p.a.
  • 13-60 months: 3.95% p.a.

5. Standard Chartered

Fixed Deposit Promotion: CASA Bundle Campaign

Promotion Period: Now until further notice

Minimum Deposit: RM 70000 (Fixed Deposit); RM 30000 (Savings / Current Account)

Tenure: 6 months

Effective Rate:

  • 6 months: 4.70% p.a.

Terms & Conditions:

  • Deposit must solely consists of fresh funds and deposit amount for CASA must be minimum 30% of the FD placement.

6. MBSB Bank

Promotion Period: Now – 31st January 2020

Minimum Deposit: RM 22500 (Fixed Deposit); RM 7500 (Savings / Current Account)

Tenure: 6 months

Effective Rate:

  • 6 months: 5.50% p.a.

Terms & Conditions:

  • Deposit amount for CASA must be minimum 25% of the FD placement.

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