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.

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.

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 6-month Step Up Bundle FD

Besides the Mach FD, Hong Leong Bank brings you another 6-month Fixed Deposit Step Up Rates bundle with Current Account or Savings Account (CASA) promotion from 1st October 2013 until 31st January 2014, or upon reaching fund size of RM 500 million, whichever comes first.

This FD promotion is open to all new and existing customers including Malaysian and non-Malaysian Residents and Non-individual customers. The promotion is applicable for fresh fund only. The minimum placement amount in FD and CASA is as follows:

Types of Customers	FD Placement Amount	Deposit Amount in CASA
Mass/ Non-PB	RM 10000 to RM 1000000	5% of FD Placement Amount (earmarked for 3 months)
Priority Banking (PB)	RM 50000 to RM 2000000

The promotional interest rates for 6-month FD Step Up Rates are as follows:

	Month	1st to 2nd	3rd to 5th	6th
Mass/Non-PB	Interest Rate (p.a.)	3.10%	3.20%	4.00%
Priority Banking	Interest Rate (p.a.)	3.10%	3.20%	4.50%

Eligible customers are required to deposit the stipulated amount into one of the following CASA:

1. Hong Leong Basic Savings Account
2. Hong Leong Savings Account
3. Hong Leong Senior Savers Savings Account
4. Hong Leong One Account
5. Hong Leong Pay & Save Account
6. Hong Leong SmartLink Account
7. Hong Leong Basic Current Account
8. Hong Leong Current Account

Besides, Non-PB customers are entitled for the Early Bird Specials on first-come-first-served basis. First 200 customers with minimum deposit of RM 300000 in FD and RM 18000 in CASA are eligible to get a pair of Universal Studios Singapore One Day Pass (worth SGD 148).

New and existing Non-PB Individual customers who are primary accountholders and Malaysian will automatically qualify to participate in the following contest. Daily cash prize of RM 1000 will be given away to one winner on weekdays (Mondays to Fridays), excluding Public Holidays. 

Every deposit of RM 10000 per FD receipt entitles customers to earn one contest entry. Customers' Account must remain active with a minimum qualifying balance of RM 10000 in FD and RM 600 in CASA from 31st January until 31st March 2014, else customers will be disqualified from the contest.

The effective interest rates for the FD are 3.12% p.a. for Non-PB and 3.20% p.a. for PB. The rates are actually quite low. You can get better rates with Mach FD.

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.

CIMB CASA Bundled Step Up FD

CIMB just started a step up FD campaign from 6th May to 31st July 2013 for its individual customers. The promotion is a CASA bundled 8-month step up FD.

Eligible customers just need to place a minimum fresh fund of RM 1000 into their CASA to enjoy the 8-month step up FD promotional interest rates of up to 4% p.a. The maximum placement for the FD can only be up to 2 times of the CASA placement amount, which means about 33% of the total amount needs to be bundled with CASA.

The promotional interest rates for the 8-month step up FD are as follows:

Tenure	Promotional Rate
Month 1 -- 2	3.25% p.a.
Month 3 -- 4	3.30% p.a.
Month 5 -- 6	3.35% p.a.
Month 7 -- 8	4.00% p.a.

The promotional interest rates are applicable for placement of 1 cycle only. Interests will be paid out upon completion of each single cycle. Payment of interest earned will be credited to the eligible customer's CASA.

The effective interest rate for the 8-month step up FD is 3.475% p.a. only, which is very low because 30% of the placement amount still needs to be bundled with CASA.

Maybank FD/IFD-i Step Up & Loyalty 2+2 Campaign

Maybank has continued its FD/IFD-i promotion with FD/IFD-i Step Up & Loyalty 2+2 Campaign, starting from 25th March until 25th April 2013 or upon reaching its deposit target, whichever is earlier. The campaign is open to all new FD/IFD-i placements of fresh funds by new and existing Individual, SME and Business Banking customers, Sole Proprietor, Partnership, Clubs/Societies.

The minimum and maximum placement amount are same as previous promotion.
The campaign rates are as follows:

FD/IFD-i Step Up (12-month tenure)

Tenure	Promotional Rate	Effective Rate	Prevailing Board Rate
1st – 3rd month	3.05% p.a.	3.36% p.a.	3.15% p.a.
4th – 6th month	3.15% p.a.
7th – 9th month	3.25% p.a.
10th – 12th month	4.00% p.a.

FD/IFD-i Loyalty 2+2 (4-month tenure)

Tenure	Promotional Rate	Effective Rate	Prevailing Board Rate
First 2 months	3.10% p.a.	3.12% p.a.	3.00% p.a.
Next Rollover (1 time only for another 2 months)	3.15% p.a.

The promotional rate is subject to any Overnight Policy Rate (“OPR”) change. The campaign is available for placements made over the counter at any Maybank Branch. The promotional rates are offered only for new placement. Automatic Rollover of FD certificates from previous period will not be entitled for this promotional rate. Upon maturity of the FD, the placement rates shall revert to the prevailing board rates for the respective tenures.

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%

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.

Hong Leong Prosperity FD

I visited a nearby Hong Leong Bank branch today and found out they have a new step up FD promotion that is similar to that of Standard Chartered Bank. The promotion just started on 12 November 2012 and I'm surprised to find out that this promotion is not yet uploaded to Hong Leong's website. Below is the brochure I got from the branch.

You can get up to 4.28% p.a. just by deposit a minimum of RM 10000 for a 12-month tenure FD. The actual interest rate you'll get is 3.455% p.a., 0.19% higher than that of Standard Chartered Bank.

Furthermore, you can even get early bird special gifts such as Tupperware and coffee maker for depositing a minimum of RM 50000 during the campaign.

So hurry up and visit your nearest Hong Leong Bank branch to sign up for this FD. It is valid until 28 February 2013.

Standard Chartered Step Up FD 2

Good news to share with all! Standard Chartered has come back with Step up FD 2, with higher interest rate this time! The promotion started from 18 ~ 23 September 2012.

The 12-month tenure is same as previous promotion, which is divided into 4 cycles, but with different interest rates this time. Refer to the table below for details.

The actual interest rate is 4%, 0.15% higher than previous promotion.

Update: This promotion is extended to 30/9 and Standard Chartered Bank branches are opened today 29/9 and tomorrow 30/9.
This promotion is further extended until 31/10/12.

Standard Chartered Step Up FD

From 10 to 14 September, if you deposit a minimum of RM5,000 on a 12-month tenure to JustOne Current Account or JustOne Savings Account, you'll be able to enjoy SCB Step Up Fixed Deposit interest rates.

The 12-month tenure will be divided into 4 cycles, whereby the interest rates will increase from cycle to cycle. 5.5% pa is the interest rate for the last cycle. Refer to the table below for details.

I did a rough calculation. The actual interest rate is around 3.85% pa which is still higher than the current FD rates in the market.