The promotional FD interest rate is 3.63% p.a. and the tenure is 4 months. Customers need to place at least RM 20000 for the FD and RM 5000 into Affin Bank's CASA to be eligible for the campaign.
I have made a comparison table for all the FD promotions that are currently available and protected by PIDM:
Bank
|
Tenure
|
Min Amount
|
Bundle CASA
|
Min Amount
|
Actual Interest
|
Hong Leong
|
12-month
|
RM 10000
|
No
|
N/A
|
3.455%
|
RHB
|
15-month
|
RM
30000
|
Yes
|
10%
of FD
|
3.51%
|
Alliance
|
6-month
|
RM 10000
|
Yes
|
10% of FD
|
3.72%
|
Affin Bank
|
4-month
|
RM
20000
|
Yes
|
RM
5000
|
3.63%
|
Alliance Bank offers the highest interest rate among these banks while Hong Leong Bank's interest rate is the lowest. However, Hong Leong Bank does not require additional fund in CASA and the minimum FD placement is the lowest. So, just go ahead to compare, decide which bank's promotion fits your requirement and start saving!
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