RHB CNY Prosperity FD Promotion

Other than the ongoing 15 Months Step Up FD, RHB quietly launched another FD promotion, known as CNY Prosperity FD, from 21st January till 28th February 2013 or the target fund reaches RM 500 million, whichever comes first.

So far there is no official info in the website but according to information from branch, it is a 12-month tenure FD with minimum placement of RM 5000 (fresh fund) and the interest rate is 3.88% p.a. There is no requirement to bundle the FD placement amount with CASA.

This promotion offers very attractive rate as compared to 15 Months Step Up FD, the minimum placement is lower and the tenure is shorter with higher interest rate. Below is the comparison list of ongoing FD promotion in the market:

Bank	Tenure	Min Amount	Bundle CASA	Min Amount	Actual Interest
HL Prosperity	12-month	RM 10000	No	N/A	3.455%
HL CNY	12-month	RM 10000	Yes	20% of FD	3.394%
HL Mach	12-month	RM 10000	No	N/A	4.00%
UOB	3-month	RM 10000	No	N/A	3.50%
UOB	9-month	RM 10000	No	N/A	3.65%
Alliance	6-month	RM 10000	Yes	10% of FD	3.448%
RHB	15-month	RM 30000	Yes	10% of FD	3.219%
RHB	12-month	RM 5000	No	N/A	3.88%
AmBank eFD	12-month	RM 5000	No	N/A	3.40%
AmBank	12-month	RM 50000	No	N/A	3.80%
PBB	6-month	RM 10000	Yes	20% of FD	3.29%
OCBC	3-month	RM 5000	Yes	50% of FD	3.50%
OCBC	6-month	RM 5000	No	N/A	3.325%
SCB	6-month	RM 5000	No	N/A	3.50%