Fixed Deposit Promotion Q3 2016

Since Bank Negara had cut the overnight policy rate (OPR), we are no longer able to enjoy high fixed deposit interest rate as previous years. I remember I have a deposit with 4.3% p.a interest rate last year, which is offered by CIMB Bank. Of course there are also some other banks that offered similar rate last year and this year (Before July). 

After the changes, the interest rate for 1 month fixed deposit went down to as low as 2.8%. I'm not good in doing investment, therefore fixed deposit has become the only way to earn "extra" income from my savings. I noticed few banks like Maybank, Public Bank, Hong Leong bank will normally launch some promotions (once or twice in a year). The rate is higher but you need to commit for at least 3 months / 6 months / 12 months. Some bank also offered higher rate, but at the same time you need to invest in their funds in order to enjoy the FD promotional rate.  

As National day is around the corner, there's FD promotion from Maybank and Public Bank.

MAYBANK 

FD/IFD-I MERDEKA 59 (5 MONTHS)

**Fresh Fund 

**Non Fresh Fund (Amount from existing MBB account)

Min. deposit: RM 10,000 

Transaction: Over the counter only 

Campaign Period: 18th Aug - 15th Sept 2016 (upon reaching overall limit, whichever is earlier) 

FD/IFD-i MERDEKA 59 (3+3+3)

**Fresh Fund Only

Min. deposit: RM 10,000 (Individual) 

Transaction: Over the counter only 

Campaign Period: 18th Aug - 15th Sept 2016 (upon reaching overall limit, whichever is earlier) 

*Should there by any Overnight Policy Rate (OPR) change, the offer rates may be revised. 

PUBLIC BANK

Min. deposit: RM 10,000 (Individual) 

Transaction: Fresh Fund only 

Campaign Period: 12th Aug - 15th Sept 2016 (upon reaching overall limit, whichever is earlier) 

*Should there by any Overnight Policy Rate (OPR) change, the offer rates may be revised.