It‘s the start of the new year, that means if you haven’t started making changes to your financial plans, you should probably get on with it. Thanks to their extremely low risks and higher interest rates than your conventional savings accounts, many choose to place their unused cash into fixed deposit accounts. But, not all fixed deposits accounts are made the same. Today, we will go through some of the best rates you can get in January 2021 from 5 major banks in Malaysia!
1. Public Bank
Promotion Period: Until 30th April 2021
Interest Rates:
• 2.00% (1 mth)
• 2.10% (2 mth)
• 2.20% (3 mth)
Minimum Placement: RM 5,000
Maximum Placement: RM 2,000,000
T&C: Deposits through FPX transactions on PBe Online Banking.
#Public Bank Fixed Deposit / Term Deposit-i
Promotion Period: Until 31th March 2021
Interest Rates:
• 2.08% (3 mth)
• 2.28% (8 mth)
Minimum Placement: RM 10,000
Maximum Placement: RM 1,000,000
T&C: Limited to Fresh Funds. Limited to PBB & PIBB customers.
2. CIMB Bank
Promotion Period: Until 20th January 2021
Interest Rates:
• 2.10% (3 mth)
• 2.20% (6 mth)
• 2.25% (12 mth)
Minimum Placement: RM 5,000
T&C: Limited to CIMB customers. Deposits through CIMB Clicks.
3. Hong Leong Bank
#Hong Leong Bank e-Fixed Deposit / e-Fixed Deposit-i
Promotion Period: Until 7th January 2021
Interest Rates:
• 2.35% (3 mth)
Minimum Placement: RM 1,000
Maximum Placement: RM 2,000,000
T&C: Deposits through FPX transactions on Hong Leong Online Banking.
4. OCBC Bank
Promotion Period: Until 31st January 2021
Interest Rates:
• 1.90% (12 mth)
Minimum Placement: RM 1,000
T&C: Deposits through FPX transactions on OCBC Bank Online Banking.
5. Alliance Bank
#2021 Wealth and Fixed Deposit Campaign
Promotion Period: Until 31st March 2021
Interest Rates:
• 20.21% (1 mth)
• 6.38% (3 mth)
Minimum Placement: RM 1,000
T&C: Invest in selected Alliance Bank Unit Trust (UT) funds or purchase Banca Regular Premium (RP) products.
These are some Fixed Deposit promotions coming out from 5 major banks in Malaysia to help you kickstart your financial year. For more information and detailed terms and conditions, be sure to click on the links in the article or head over to your nearest bank branch!
*All interest rate percentages are per annum.
*Details compiled by XiiaoC
