Bundle FD means that you need to deposit 10% equivalent of your FD deposit into Alliance CASA when you sign up for the Fixed Deposit. There are 2 packages of Bundle FD:
- Package one, FD + 10% equivalent amount of FD place in Alliance Buddy (Children's savings account).
- Package one, FD + 10% equivalent amount of FD place in CASA.
Minimum amount to place for FD is RM 10000 and the FD tenure is 6 months. If you place RM 10000, you need to place another RM 1000 into the CASA account.
This is the interest rate for the 6-month tenure FD:
Month
|
Package 1 (p.a.)
|
Package 2 (p.a.)
|
1
|
3.10%
|
3.10%
|
2
|
3.10%
|
3.10%
|
3
|
3.10%
|
3.10%
|
4
|
3.20%
|
3.20%
|
5
|
3.20%
|
3.20%
|
6
|
6.60%
|
6.00%
|
Actual
|
3.72%
|
3.62%
|
The actual interest rate is lower than that of Bank Rakyat and MBSB.
Finally, it's updated in Alliance Bank website, you can find it here. http://www.alliancebank.com.my/Personal-Banking/Promotions/Deposits-Promotions/Bundle-FD-Account-with-CASA-Account
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