AmBank FD 57th Merdeka Day Promotion

Merdeka Day, celebrated on 31st August every year, is a national day of Malaysia commemorating the independence of the Federation of Malaya from British colonial rule in Year 1957. In conjunction with Merdeka Day celebration, AmBank started its "57th Merdeka Day Promotion" for FD from 1st August until 19th September 2014.

UOB-Groupon eAccount FD bundle

UOB Malaysia is running "UOB-Groupon eAccount FD bundle" promotion from 21st July until 31st August 2014. The promotion is for first-time UOB customers aged 18 years and above who apply for a UOB eAccount FD bundle. UOB eAccount to Fixed Deposit ratio at 30:70 is required. Eligible customers can get interest rate of 4.00% p.a. on a 3-month-tenure fixed deposit and a set of three luggage bags.

RHB Junior Savings Account Duit Raya Campaign

With effective from 18th July 2014, RHB revised the interest rate for its Junior Savings Account (SA) from 3.00% p.a. to 3.15% p.a. in response to the adjustment of the OPR by Bank Negara Malaysia (BNM). From 23rd July to 31st August 2014, in conjunction with the Hari Raya festival, the top 200 depositors with the highest incremental growth will win RM 100 cash!

MBSB Kids' Fixed Deposit

MBSB opened its first Kids Fun branch in Puchong IOI Mall in 6th June 2014. It is the first in the industry to encourage association of MBSB brand through Cheeky Savings Club children's savings account and inculcate good savings habit among the young customers in a fun and easy manner.

RHB 15-Month Step Up FD Promotion

RHB Bank's 15-month step up FD promotion started from 12th June and ends on 31st August 2014 or upon reaching RM500 million, whichever comes first. The promotion is open to all new and existing RHB customers (both residents and non-residents) of Consumer segment only.

Public Bank Step Up FD

Public Bank launched the Super FD promotion during the first half of Year 2014. From 1st June to 30th September 2014, Public Bank brings you another Step Up FD promotion that lets you earn higher interest rates on the next 2 rollovers. The campaign is open to all new and existing customers of Public Bank, including individuals aged 18 years above and non-individuals.

Maybank FD Countdown 1 Campaign

Enjoy great return of 3.20% p.a. with Maybank FD Countdown 1 from 1st June till 30th June 2014. The campaign is open to all new FD placements by new and existing customers. What you have to do is just perform a minimum placement of RM 25000 for Retail/Individual customers or RM 50000 for SME/Business Banking, Sole Proprietor, Partnership, Club/Societies/Association.

Hong Leong 12-month FD Step Up Rate Promotion

Hong Leong Bank started its operation in 1905 in Kuching, Sarawak under the name of Kwong Lee Mortgage and Remittance Company. In Year 2011, Hong Leong Bank completed the merger with EON Bank Group. The merger effectively transforms the bank into a banking group of more than RM 145 billion in assets and an expanded network of 329 branches nationwide.

AmBank Mother's Day Special FD Campaign

The celebration of Mother's Day began in the United States of America in Year 1908. Mother's Day is a celebration honoring mothers and motherhood, maternal bonds, and the influence of mothers in society. It is celebrated on various days in many parts of the world, most commonly on second Sunday of May. In conjunction with Mother's Day, AmBank had launched a Mother's Day Special FD campaign from 9th to 23rd May 2014.

SCB JustOne Marathon Bonus Campaign

SCB JustOne Account is a hybrid account with Current Account and Savings Account. Account holder can enjoy unlimited free withdrawals from MEPS and HOUSe ATMs, free Interbank GIRO Fund Transfers via Standard Chartered Online Banking and ATMs in Malaysia and enjoy interest on account balance. All you need to do is to deposit a specific minimum amount of fresh fund in a single transaction into JustOne Current Account monthly.

OCBC Inflation Buster Promotion

OCBC is offering you a savings solution to combat inflation with its "OCBC Inflation Buster Promotion" FD promotion, from 1st April until 31st July 2014. The promotion is open to individual customers only.

Maybank2u Savers/Savers-i

Maybank2u Savers is an online savings account that provides the convenience of opening, accessing and closing your account without visiting a branch. Maybank2u Savers-i is the Shariah-compliant version of the online savings account. Maybank2u Savers offers high multi-tiered interest rates for your deposit.

Muamalat Mutual-i Campaign

Muamalat Mutual-i Campaign is a product bundling of unit trust (UT) and deposits (CASA), offering customers to participate in local equity investment vehicle and enjoy a potentially high profit rate from their deposits placement. This campaign is available until 30 April 2014.

RHB Junior Savings Account CNY Angpao Campaign

2014 CNY has finally over. For all parents, have you deposited your kids' ang pow money into the bank? You can refer to the comparison of Child's Savings Account to decide which bank to place for the ang pow money. As you can see, RHB Bank is one of the banks that offers highest interest rate for its Junior Savings Account (SA).

MBSB Golden Horse Triple Rewards

In conjunction with Chinese New Year celebration, MBSB is having a FD promotion, known as the Golden Horse Triple Rewards, from 20th January until 20th April 2014, or upon reaching RM 300 million fund limit, whichever comes first.

The campaign is open to all new and existing individual customers. Under this promotion, customers who participate can get special FD rate of 4.05% p.a. for 12-month tenure, upfront interest payment and 1g gold wafer (999.9 purity, while stock lasts). Minimum fresh fund of RM 100000 must be deposited in order to participate. There is no limit on the maximum placement.

The fund must be kept at 80:20 portion in Individual FD (RM 80000) and Wise Saver Account (RM 20000). The interest payment will be credited automatically into eligible customers' Wise Saver Account on the next working day once the fixed deposit placement is done.

First 1000 customers can get the gold wafer based on first-come-first-served while stock last basis. There is no limit on the number of gold wafers for each customer. If a customer makes FD placement of RM 300000, he will be entitled for 3 gold wafers, while stock lasts.

The effective interest rate for the FD promotion is 3.69% p.a. plus the value of gold wafer is RM 170. This is a good promotion for those who have a huge savings.

Public Bank Super FD Promotion 2014

Last year, Public Bank launched a 12-month step up bundled FD promotion, known as the Super FD, with up to 6.88% p.a. interest rate. The promotion has returned for Year 2014 and with even better rates, starting from today until 30th June 2014.

The campaign is open to all new and existing individual customers (personal or joint account holders) of Public Bank. Eligible customers are required to place fresh funds of minimum RM 30000 and in multiple of RM 5000 up to maximum of RM 3000000 into both PLUS FD and PLUS Savings Account (SA) at 80:20 ratio. 

The amount in PLUS SA will be earmarked for 12 months while the PLUS FD will be placed under 1 month tenure on auto-renewal basis and locked in for 12 months. Customers have the flexibility to withdraw at any time but only entitle for the prevailing FD board rates. 

The step up interest rate for each month is shown in the above picture. The promotional interest rate will be subject to revision should there be any Overnight Policy Rate changes. The interest rate for PLUS SA can be found here. 

The effective interest rate is 3.48% p.a., higher than that of previous Super FD. However, the minimum deposit requirement of RM 30000 is considered high in the market. You can easily find better rates with other banks with such requirement.

Hong Leong Bank FD Promotions

Chinese New Year is getting nearer and nearer. Hong Leong Bank is now having a series of FD promotions to celebrate the upcoming Year of Horse. Greet the new year with high FD rate and usher in good fortune.

The first promotion is a 6-month step up bundle FD with up to 3.68 % p.a. interest rate. The minimum FD placement amount is RM 5000 and the maximum amount is up to RM 1000000. 8% of the FD placement amount will need to be deposited into CASA and earmarked for 3 months. The effective interest rate for the FD promotion is 3.43% p.a. and the promotion is valid until 28 February 2014 or upon reaching the fund size of RM 800 million, whichever comes first.

On 13, 15, 16, 20 & 21 January 2014, selected Hong Leong Bank branches are extending banking hours from 4.30pm to 8.00pm to reward eligible customers with 24K gold-plated horse figurine. To be eligible for the gift, customers are required to deposit fresh fund of RM 38000, RM 68000 and RM 138000 into their CASA and earmark for 3 months. Once customers take up this offer, they can also enjoy 6-month FD of 3.80% p.a. The minimum FD placement amount is RM 5000 and the maximum must not exceed the CASA earmarking amount. FD and CASA placement must be made concurrently.

Hong Leong Mach FD gives you a high interest rate of 3.70% p.a. on your 6-month FD from 8th January to 28th February 2014 or upon reaching RM 150 million fund size, whichever comes earlier. The promotion is open to all new and exisint Mach individual FD customers. Minimum placement amount of RM 1000 and maximum amount of RM 250000 is required to be deposited into Mach FD to order the promotional rate.

Affin Bank Fortune Rides Your Way CNY FD Promotion

Affin Bank 2014 Chinese New Year FD Promotion started from 1st December 2013 and ends on 30th April 2014. Customers can enjoy promotional interest rates of up to 4.18% p.a. in the FD Bundle promotion.

The promotion is open to all new and existing individual customers who maintain or open any of the following accounts with minimum RM 1000 deposit:

1. Basic Savings
2. Ordinary Savings (Passbook based)
3. Statement Savings
4. Affin Plus
5. Affin Gold (both Passbook and Statement based)
6. Normal FD

Eligible customers who deposit the stipulated amount in CASA will be able to enjoy promotional Fixed Deposit rates as follow: 

CASA Placement Amount (RM)	FD Placement	FD Tenure	FD Promotional Interest Rate (p.a.)
1000 – 5000	2 times of CASA placement amount	15months	3.88%
10000 – 50000	2.5 times of CASA placement amount	18 months	3.98%
100000 – 500000	3 times of CASA placement amount	24 months	4.18%

The amount deposit into CASA must be earmarked for the same time period as the Fixed Deposit tenure. The maximum FD placement is capped at RM 1500000 for each customer. The amount placed for CASA and FD must be from fresh fund.

Eligible customers who participated in the promotion above also stand a chance to win the prize of fortune horse (total 1000 unit). A total of 200 winners a month will be selected via a lucky draw process. 

OCBC Head Start Promotion

OCBC launched a new FD promotion, the "OCBC Head Start Promotion", from 1st December 2013 until 31st March 2014. The promotion consists of 4 products and is open to individual customers.

The promotion details are summarized in the table below:

No	Product	FD Tenure	Interest Rate	Eligibility
1	Deposit Deal	3-month 12-month	3.10% p.a. 3.30% p.a.	Min RM 10000 placement and max RM 1 million deposit.
2	Investment Deal	3-month	4.00% p.a.	Purchase any one or more of the selected OCBC Investment products.
3	Savings Deal	3-month	4.28% p.a.	Min RM 10000 placement and max RM 1 million deposit, with equivalent amount place in CASA and earmarked for 3 months.
4	Premier Bank Deal	3-month	5.50% p.a.	Premier Banking customer with 3 Product Holding where 1 of the products must be non-deposit product.

The OCBC Head Start Promotion is not as good as the previous Mega Save Promotion. Overall, the interest rate offered is lower. For Savings Deal, the FD placement amount must be equivalent to the CASA earmarked amount, which makes the promotion even less attractive.

AmBank Top Rate FD Promotion

AmBank has started "I AmBanking on Top Rate" FD promotion from 9th December 2013 until 19th January 2014. AmBank's Conventional Fixed Deposit and AmIslamic Bank's AmAdvance Investment Account-i with a 36-month tenure will be eligible for preferential interest rate of 4.12% p.a.

The campaign is open to all new and existing AmBank/AmIslamic Bank individual customers and non-individual customers. The promotional rate is subjected to a minimum fresh fund placement of RM 50000 for individual customers or RM 100000 for non-individual customers.

This is the FD promotion that currently gives the highest interest rate in the market. The tenure period is acceptable, just that the minimum deposit amount is quite high.