The below table consolidates the latest promotional interest rates (p.a.) for fixed deposit campaigns by our Malaysian banks in February 2023 for your quick and easy reference. Rates are valid as of 2nd February 2023, and shows you the bank and product that has the highest interest rates from 6-month (HLB 4.13%) to 15-month tenures (MBSB 4.3%):
|
Bank |
Minimum
(RM) |
End
Date |
OTC |
Fresh
Fund |
|
|||
|
6 |
8 |
12 |
15 |
|||||
|
Hong Leong |
10,000 |
3-Feb |
|
Yes |
4.13% |
|
|
|
|
Agro |
5,000 |
24-Feb |
Yes |
|
4.10% |
|
4.25% |
|
|
RHB |
10,000 |
28-Feb |
|
Yes |
|
4.08% |
4.20% |
|
|
CIMB |
1,000 |
14-Mar |
|
|
|
3.98% |
4.20% |
|
|
MBSB |
10,000 |
31-Mar |
Yes |
Yes |
4.00% |
|
4.25% |
4.3% |
This list excludes all special rates offered to premier banking customers, combo products with bancassurance or investments, and term investment products. For preferential rates, you are advised to speak to your bank's relationship manager directly.
Verdict - Best short-term tenure is with Hong Leong Bank at 4.13% for 6-months, but the offer is only valid until 3rd Feb, tomorrow midnight! Thereafter, the best 6-month rate is with Agro Bank at 4.1% for this month, for now. Best long-term tenure at 15-months is with MBSB at 4.3%. For others who prefer the flexibility of creating numerous small FDs for added flexibility, or don't have RM5-10k on hand to take advantage of these rates, CIMB has the lowest placement requirement at RM1k.
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