RHB 15 Months Step Up FD

Recently, the banks are keen in promoting Step Up FD in a very low profile way. I was informed by a friend that RHB advertised on newspaper about the Step Up FD. I tried to search from RHB website but I could not find any information about it. Today I purposely visited the nearest RHB branch to get the brochure.

RHB 15 Months  Step Up FD promotion began on 9 November and ends on 31st December 2012. The minimum FD placement is RM 30000 fresh fund. Besides, eligible customers need to deposit 10% of the equivalent FD placement to RHB CASA for period of 90 days. Interest will be paid quarterly to CASA. Upon maturity, the FD will be automatically renewed to a 3-month ordinary FD.

No. of Renewal	FD Tenure ( Months)	Preferential Rate
Opening	1st to 3rd month	3.30%
1st	4th to 6th month	3.40%
2nd	7th to 9th month	3.45%
3rd	10th to 12th month	3.50%
4th	13th to 15th month	3.88%

The actual interest rate for RHB step up FD is 3.51% p.a.