Latest and The Best Fixed Deposit / Time Deposit Interest Rates Promotion Offered by Malaysia Major Commercial and Foreign Banks – January & February 2019.
Last Update: 10 January Affin, AmBank, CIMB, HLB, OCBC, RHB, UOB – Will update new Promo Rates one by one once I am aware of them.
The Best Fixed / Time Deposit Promotions
Please CALL THE NEAREST BANK BRANCH to reconfirm the rates (go to the bank website to get the contact number of the branch nearest to you) before going to the bank to check if promotions are still valid.
If you are not into chasing after FD Promos, Affin Bank FD Board Rates are the most competitive.
Alliance Bank – January 2019
Alliance Bank has a stupid CASA FD promo for January:
AmBank FD Promo January 2019
12 months – 4.3%
Above rate was shared by my follower.
CIMB BANK FD PROMO Extended until end January 2019.
6 Months 4.4%
12 Months – 4.3%
Hong Leong Bank Fixed Deposit January 2019
Online eFD 6 months – 4.28%
Over the counter 12 months – 4.3% – shared by my reader.
Maybank FD Promo
OCBC Fixed Deposit Promo January & February 2019
RHB Bank – until 28 February 2019
5 months – 4.25%
8 months – 4.18%
UOB Fixed Deposit Promo for January 2019
4 months – 4.0%
7 months – 4.15%
12 Months – 4.20%
MAYBANK Q-CASH FUND
For those of you who wants really short term deposit, i.e. less than 1 month. Go check out Maybank Q-Cash Money Market (similar to REPO).
Fund Minimum deposit RM50K
The Fund is suitable for Qualified Investors:
who have low risk tolerance;
who seek a regular income stream from their investments;
who wish to obtain a yield exceeding the Maybank Overnight Deposit Rate; and/or
who have very high liquidity requirement.
You can set the number of days you want your money in the Money Market Fund or just let it sit there until you want to withdraw. However, the cut off time for redemption request shall be at 10.30 a.m. on a Business Day.
GenX’s Free Tutorials For 2018
NEW Articles For 2018
I can tell you this, if you think that the standard of living has deteriorated after the Government implemented the 6% GST, wait till we are in a recession and then only you will know what it means to have no money for food.
If you have yet to achieve the target to have 6 months cash reserve in the event of an unforeseen circumstances, it is best that you click here and read my article Prepare For Tomorrow So That You Can Sleep Soundly. In this said article, I once again shared with you the secret to being rich. It has nothing to do with how much you earn but rather are you able to save and not paying a sen in interest to the banks.
FD Promos by GenX