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!

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.

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).

SCB JustOne & Credit Card Bundle Promotion

Are you looking for a Savings Account with interest rate of up to 3.00% p.a.? Standard Chartered Bank is bundling its JustOne Account and Credit Card to offer you the promotional interest rate from 11th June 2013 until 31st December 2014.

The campaign is open to all Standard Chartered Bank's customers age over 21 who:

1. Are Personal Banking customers holding JustOne Personal Accounts or Preferred Banking customers holding JustOne Preferred Accounts. These accounts must be opened before or during the campaign period in their name alone; and
2. Hold either a Visa translucent Credit Card, Platinum Credit Card, Business Platinum Credit Card, Preferred World MasterCard or WorldMiles Credit Card before 1st October 2013 as principal cardholder; and 
3. Have maintained their accounts in good standing, without any breach of the terms and conditions or agreements, throughout the campaign period.

Note: members of Standard Chartered Priority Banking, regardless of whether they hold any JustOne Personal Account or JustOne Preferred Account, are not eligible to participate.

Eligible customers will be able to enjoy the benefits below:

1. For Personal Banking customers, a bundle interest of 1.75% p.a would be applied up to RM 50000 only of the JustOne Personal Savings Account balances;
2. For Preferred Banking Customers, a bundle interest of 1.50% p.a. would be applied up to RM 100000 only of the JustOne Preferred Savings Account balances.

Note: a minimum balance of RM 1 must be maintained to earn interest. Interest is calculated on simple interest calculation and accrued daily. The bundle interest earned will only be credited at the end of the following month.

In order to get the extra interest rate above, eligible customers must meet below criteria:

1. Fulfill the JustOne Account monthly deposit requirement as described in the JustOne Account terms and conditions throughout the campaign period; and
2. A minimum monthly spent of:

• RM 1500 on credit card for Personal Banking customers;
• RM 3000 on credit card for Preferred Banking customers; 

Note: points purchases, cash advances, interest, fees or charges, disputed transactions, any type of balance transfers and any type of installment payment plans will not count. Transactions by supplementary cardholders will count though.

I think that the promotion is not that attractive because you have to maintain a minimum spend with SCB Credit Card while the interest rate you get is just 3.00% p.a., only a little higher than OCBC Smart Saver Savings Account.

MBSB Fortune For You FD Promotion

Other than the Fantastic Return FD promotion, MBSB also brings you another great FD promotion known as Fortune For You, which will end on 31st August 2013. The promotion is open to all Malaysians aged 18 and above, either individual or joint account holder.

The promotion features a 9-month tenure FD bundled with normal Savings Account (SA) at 80:20 ratio. The promotional interest rate is 4.20% p.a. Minimum placement of RM 10000 is required for the deposit. The interest rate of SA can be found here.

The effective interest rate is 3.896% p.a. if the 20% deposit is kept in Cash Rich SA and account holder with balance of RM 1000 and above will be eligible for the monthly and mega draw.

Public Bank Super FD Promotion

Public Bank has launched a 12-month step up bundled FD promotion, known as the Super FD, from today until 30th September 2013. The campaign is open to all new and existing individual customers (personal or joint accountholders) of Public Bank.

The eligible customers are required to place fresh funds of minimum RM 10000 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 interest rate for PLUS SA can be found here. The effective interest rate for this FD campaign is just 3.32% p.a., not that attractive if compared to OCBC FD promotion.

Maybank One Solution

Maybank One Solution is a combination of savings account, personal loan and insurance. With just one sign up, you can manage all your finances by start enjoying the features and benefits of Maybank One Solution.

With Maybank One Solution, you will get a Personal Saver account, a main transactional account that comes with Maybank Debit Card and easy access to multi channels via ATM, Maybank2u and Mobile Banking. You will be able to perform cashless transactions worldwide at millions of merchants with Maybank Debit Card and earn TreatsPoints.

You can also achieve savings goals faster through Flexible Saving Plans by earning interest of 1.5% p.a. with flexible tenures up to 5 years. You can open up to 3 Flexible Saving Plans at any one time via ATM or Maybank2u.

On the other hand, personal loan can be done via paperless application with just MyKad. Application gets instant approval within 10 minutes and immediate disbursement. 2% rebate will be given for prompt payments.

Two types of insurance are available in Maybank One Solution via ATM or Maybank2u:

• Premium PA Plus - Comprehensive insurance coverage for yourself and your family at only 66 cent a day, no Medical Examination required.
• Domestic Travel Care - Protect yourself or whole family when travelling within Malaysia, Thailand, Brunei and Singapore, short-term travel plan with choices of less than 2 weeks or up to 4 weeks.

Take charge of your banking today by bringing your MyKad and RM10 to any Maybank kiosk to sign up. For existing Maybank savings account (SA) holders, you can sign up for Maybank One Solution by converting your existing Maybank SA into a Personal Saver Account and activate your Flexi Saver Plan at Maybank2u from now until 30 April 2013 and stand a chance to win RM50 Parkson shopping voucher!

SCB JustOne Account FD Bundle

Standard Chartered Bank had revised the interest rate of JustOne Savings Account to 0.25% p.a. beginning Year 2013 and there are changes to the naming of the product as well. From 4th February until 31st March 2013, SCB will run JustOne Account FD Bundle campaign with interest rate of up to 4.00% p.a.

To be eligible for the promotional FD rate, you need to have a JustOne Account, sign up for a 6-month FD with minimum fresh fund of RM 20000 and fulfill JustOne Account monthly deposit requirements for 5 consecutive months. There are 3 types of JustOne Account, each with different bonus interest rate, as shown in the following table:

JustOne Account / Saadiq JustOne Account	Monthly Deposit Requirement (Minimum)	Current 6-month Fixed Deposit Board Rate	Bonus Interest Rate	Total interest rate on fixed deposit
JustOne Piority Account / Saadiq JustOne Priority Account-i	RM10,000	2.90% p.a	1.10% p.a	4.00% p.a
JustOne Preferred Account / Saadiq JustOne Preferred Account-i	RM5,000	2.90% p.a	0.80% p.a	3.70% p.a
JustOne Personal Account / Saadiq JustOne Personal Account-i	RM1,500	2.90% p.a	0.60% p.a	3.50% p.a

Bonus Interest will be credited to your JustOne Current Account by the end of the following month after the FD matures. With JustOne Account, you'll enjoy the benefits of free unlimited ATM withdrawals nationwide and worldwide, free Interbank GIRO fund transfers and attractive interest rates, plus the promotional FD rate!

AmBank Prosperity Bundle FD

AmBank Top Rate Deposit promotion has ended on 26th January 2013 due to tremendous response. The overall limit of RM600 million was achieved and taken up within 10 days.

There's another Prosperity Bundle Campaign that is currently ongoing until 31st March 2013. It offers promotional interest rate of 3.80% p.a. for 6-month tenure FD with the condition that 20% equivalent of FD placement amount must be deposited in CASA.

The minimum FD placement is fresh fund of RM 20000 for new customers and RM 10000 for existing customers. If the CASA is AmGenius (Child's Savings Account), the effective interest rate would be 3.64% p.a. but if the CASA is Basic Savings Account-i, the effective interest rate would be only 3.26% p.a.

Besides, the Gong Xi Fa Cai Campaign that starts on 1st February 2013 rewards first 150 customers in each branch with an exclusive gift (AmBank umbrella) when they deposit a minimum of RM 2000 in their CASA.

OCBC Save Easy Deals

OCBC presents OCBC Save Easy Deals from from 1st January until 31st March 2013. The campaign consists of 3 FD promotions and 1 investment promotion.

The promotions in the campaign are as below table:

No	Product	FD Tenure	Interest Rate	Eligibility
1	FD promotion	1st: 3-month	3.80% p.a.	Min RM 5000 deposit
		2nd: 3-month	2.85% p.a.
2	Investments promotion	3-month	4.00% p.a.	Must purchase OCBC investment product
3	Bonus Savers promotion	3-month	4.50% p.a.	Min RM 5000 deposit, with 50% of equivalent amount place in CASA
4	Premier 3-month FD promotion	3-month	5.50% p.a.	Premier Banking customer with 3 Product Holding where 1 of the products must be non-deposit Wealth product.

The effective rate for FD promotion (6-month tenure) is 3.325% p.a. while the effective rate for Bonus Savers promotion (3-month tenure) is 3.5% p.a. So it is better to go for Bonus Savers promotion with shorter tenure and higher interest rate.

AmBank RM388,888 Prosperity Bonanza!

AmBank is currently having a series of promotion for Deposits product. The AmBank Prosperity Bonanza! campaign, started from 16th January until 31st March 2013, is giving out attractive cash prizes to all new and existing Individual and Non-Individual customers in the Retail Banking segments.

One Grand Prize of RM 388888 cash will be given away in the campaign. 14 First Prize of RM 18888 cash will be given to each winner from 13 states and 1 Federal Territory. A Daily Prize of RM 888 will be given away daily with total quantity of 75. Each eligible customer stands a chance to win 1 Grand Prize, 1 First Prize and 1 Daily Prize.

Eligible customers are entitled to earn entries based on the following criteria performed during the campaign period:

No	Deposit Product	Eligibility	Entry
			Existing Customer	New Customer
1	Loyalty Rewards	Existing customer who opens or maintains any account by 31st Dec 2012	10	Nil
2	CASA	Every incremental of RM 1000 in new or existing account.	2	1
3	FD	Every incremental of RM 10000 in new or existing account.	2	1

All new and existing customers who place fresh fund of RM 2000 into CASA from 1st February until 31st March 2013 are entitled to an AmBank Umbrella on a first-come-first-serve while stock last basis, limited to 1 per customer throughout the campaign. The placement amount shall be earmarked for 1 month. The AmBank Umbrella is limited to the first 150 customers per branch.


Happy depositing with AmBank, get a free umbrella and stand a chance to win cash prizes!

Hong Leong CNY 2013 Bundle FD

It's now less than a month to the Year of Snake, Hong Leong Bank is launching a FD promotion from 18th January to 28th February 2013 or upon reaching RM 600 million funds, whichever comes first.

The campaign is open to all new and existing HLB individual customers and non-individual customers. The FD promotional rate is fixed at 4.18% p.a. for 12 months.To enjoy the promotional rate, customers are required to place fresh fund into the FD and also deposit 20% of FD placement amount into CASA. The eligible FD accounts and FD placement amount are listed as follow:

No.	Participating Accounts	Prevailing Board Rate	FD Placement Amount	Minimum Deposit Amount in CASA (Earmark 4 months)
1	HL Conventional FD	3.10% p.a.	RM 10000 to RM 1000000	20% of FD placement amount
2	HL Flexi FD	3.25% p.a.
3	HL Junior FD	3.25% p.a.
4	HL Senior Savers Flexi FD	3.25% p.a.
5	HL PB Premium FD	3.25% p.a.	RM 50000 to RM 2000000	20% of FD placement amount

Customers are required to deposit the stipulated minimum amount into one of the following CASA:

a) Hong Leong Basic Savings Account
b) Hong Leong Savings Account
c) Hong Leong Junior Savings Account
d) Hong Leong Senior Savers Savings Account
e) Hong Leong One Account
f) Hong Leong Pay & Save Account
g) Hong Leong SmartLink Account
h) Hong Leong Basic Current Account
i) Hong Leong Current Account

Customers are also entitled to an early bird gift, which is the Citrine Tree with Gold Plated Leaves, subject to a minimum deposit of RM 200000 in FD and RM 40000 in the nominated CASA, whereby the minimum amount deposited into the CASA shall be earmarked for 4 months, on a first-come-first-serve while stock last basis and limited to 1 only per Customer throughout the campaign.

The actual interest rate for the FD bundle with HL Basic Savings Account is 3.394% p.a. while the interest rate for the FD bundle with HL Junior Savings Account is 3.924% p.a. Below is the summary of the ongoing FD promotion by Hong Leong Bank:

No.	FD Promotion	Promotional Rate	Tenure	Effective Rate
1	HL Prosperity FD	4.28% p.a.	12-month	3.455% p.a.
2	HL Fatt Choi FD	3.70% p.a.	3-month	3.355% p.a.
3	HL Fatt Choi FD	3.40% p.a.	3-month	3.40% p.a.
4	HL CNY 2013 Bundle FD	4.18 % p.a.	12-month	3.394% p.a.

Affin Bank CNY Triple Fortune Promotion

Affin Bank's Savings Account gives the highest interest rate of 3.38% p.a. in the market. From now until 31st March 2013, with Affin Bank Chinese New Year Triple Fortune Promotion, customers can enjoy additional   interest rate of 0.33% in their CASA.

To be eligible for the promotional interest rate, customers need to place a minimum incremental monthly average balance (MAB) of RM 20000 into their CASA account. The deposit amount must be fresh fund and the incremental MAB on which promotional interest rate is payable each month is subject to a maximum of RM 1000000 per account entity only.


A free umbrella will be given to first 1333 customers with minimum deposit of RM 50000
into any eligible accounts. Customers with incremental monthly deposits of RM 20000 in any month of January, February, and March, have a minimum balance of RM 20000 in the same account at the time the winner is identified will stand a chance to win the gold-plated vase. The winners will be announced on May 2013.

PB FD Fortune

FD promotion for Affin Bank and RHB already ended on 31st December 2012. However, Public Bank just started its FD promotion from 1st January to 31st March 2013, or when it hits the overall limit of RM 2 billion.

The eligible customers are required to place fresh fund of minimum RM 10000 and in multiple of RM 5000 up to maximum of RM 500000 into both PLUS FD for 6-month tenure and PLUS Savings Account at 80:20 ratio. The interest rate for PLUS SA can be found here.

The step up interest rate for each month is shown in the above picture. The effective interest rate for this FD campaign is just 3.29% p.a., currently the lowest compared to other FD promotion:

Bank	Tenure	Min Amount	Bundle CASA	Min Amount	Actual Interest
Hong Leong	12-month	RM 10000	No	N/A	3.455%
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%

OCBC Smart Saver

If you're not a parent, but you're looking for savings account that offers high interest rate that is similar to Child's Savings Account, then I would definitely recommend OCBC Smart Saver to you.

OCBC Smart Saver is a high-yield savings account that fosters disciplined savings. The interest rates are determined by these two factors:

• Total cumulative amount you deposit into the account every calendar month
• Any withdrawals from the acount every calendar month

Total amount deposited in account every calendar month	Interest rates (yearly)
	No withdrawals during calendar month	At least 1 withdrawal made during calendar month
RM 0 – RM 49.99	2.50% 2.40%	0.50%
RM 50 – RM 999.99	2.85% 2.75%	0.50%
RM 1000 and above	3.00% 2.90%	0.50%

Updated 9th June 2013


This account is a very good tool to force and discipline yourself to save money. If you bank in monthly RM 1000 monthly, you will be get 3.00% p.a. interest. However, if you make any withdrawal from the account, the interest rate will drop to 0.50% p.a.

Many people will say that this account is good but OCBC branch is too far from my house or in another town. Well, to solve this problem, just like how we settle OCBC Titanium card payment, we can use IBG. Again, I would strongly recommend SCB JustOne CASA, go to sign up the account and direct debit RM 1500 every month into JustOne, then you are able to do everything online.

Citibank 3.28% Extra Interest p.a.

Are you looking for savings with higher interest rates than fixed deposit (FD) with no lockdown period? With a new Citibank current or savings account, you can get additional 3.28% p.a. interest on top of the current board rate. The promotion is valid until 31st December 2012.

The benefits you can get:

• Earn extra 3.28% p.a. interest on top of the normal board rate (0.25%) on your CASA account for 3 months.
• No lockdown period, funds can be withdrawn any time.

To enjoy the benefits:

• Just open a new Step-Up Interest Account or Savings Account.
• Maintain a minimum average balance of RM 2000 for 3 consecutive months.
• Within 3 months, either perform at least one time FPX Direct Debit with minimum RM 1000 or perform standing instruction for 2 consecutive months.

UOB CASA Promotion

UOB is giving out free limited edition water tumbler and RM50000 cash back, starting from 1st November to 31st December 2012.

This promotion is open to new customer, existing customer without Current and/or Savings Account (CASA) and existing customer without Personal Internet Banking (PIB).

The cash back promotion is open to UOB credit card customer without CASA. So if you're holding UOB One card, now it's the best time to open CASA account with UOB to grab the cash back (for first 500 new customers) and limited edition water tumbler.

Fabulous FD from MBSB

MBSB, a subsidiary of EPF is currently having promotion for its Fixed Deposit & Al-Mudharabah General Investment Account (AMGIA) from 1st October to 31st December 2012.

The interest rate offered is currently the highest among all financial institution which is up to 4.75% p.a. Individuals aged 18 years and above can sign up with minimum deposit of RM 1000. Existing Cashrich (Savings) Account Holders with minimum balance of RM 1000 will get to enjoy additional 0.05% interest p.a.

Months	Individual FD (%)	AMGIA Profit Sharing Ratio	AMGIA Profit (%)
6	3.80	58.46	3.80
9	3.90	60.00	3.90
12	4.05	62.31	4.05
15	4.10	63.08	4.10
18	4.15	63.85	4.15
24	4.25	65.38	4.25
36	4.30	66.15	4.30
48	4.35	66.92	4.35
60	4.70	72.31	4.70

The FD tenure periods vs interest rates are shown in above table. To get the additional 0.05% interest p.a., you need to have a Savings account known as Cashrich with minimum RM 1000 balance. This Savings account offers high interest rate of 2.68% p.a. and account holder with RM 1000 balance will be eligible for the monthly and mega draw.

However, please take note that products of MBSB are not protected by PIDM.