AFFINBANK has come up with a Chinese New Year Triple Prosperity Campaign that is valid for 5 consecutive months. There are 2 participating products for you to choose. The promotional rate is based on the amount you wish to deposit. You can also get gifts if you successfully place the deposit within the campaign period.
AFFINBANK FD Promotion
Deposit a minimum sum of RM20,000 in a Fixed Deposit (FD)/Term Deposit-i (TD-i) for a period of 18 months. If you choose FD account, you have to maintain a minimum CASA balance of RM5,000. You can, then, get a promotional rate of up to 4.55% p.a. You will receive Prosperous Ang Pow Packet Giveaways when you make the deposit. And, a special gift will be given when you meet the campaign criteria. The details of the promotion are given in the table below:
|Participating Products||Minimum Deposit Amount||Tenure||CASA Balance||Promotional Rate for FD/TD-i|
|Fixed Deposit (FD)||RM20,000 - RM200,000||18 months||RM5,000||4.55% p.a.|
|RM200,001 - RM500,000||RM10,000|
|Term Deposit-i (TD-i)||RM20,000 - RM200,000||-||4.49% p.a.|
|RM200,001 - RM500,000||-||4.50% p.a.|
AFFINBANK FD Promotion Start and End Date
The promotion commenced on 1 January 2019 and is valid until 31 May 2019.
Terms and Conditions
- Employees of AFFINBANK Group will not receive any preferential rates.
- The funds used to deposit must be in new funds.
- The deposit made to CASA must be earmarked according to the chosen deposit tenure.
- You will be entitled to “Prosperous Ang Pow Packet Giveaways”.
- You have to make a minimum deposit of RM30,000 in a FD/TD-i account to be eligible for the promotional gift.
- Upon maturity, the deposit account will be automatically renewed for the same tenure; but, the prevailing board rates will be applied.
- Partial withdrawal is not allowed.
- Premature withdrawal will not receive any interest/profit.
- Offer rates are subject to revision if there are changes in the overnight policy rate (OPR).
Choose the deposit product you want to invest and make a minimum deposit of RM20,000. The promotional rate you get will be determined based on the product you choose and the sum you deposit. Take a note of the start and end date of the promotion, so you will not miss it.
Q. What is the maximum sum I can deposit under the promotion?
A. The maximum amount you can deposit in a FD/TD-i under the promotion is RM500,000.
Q. Should I make a CASA deposit even if I choose the TD-i account?
A. No. You don’t have to make any deposit for the sake of promotional benefits if you choose the TD-i account.
Q. What gift can I expect when I make a minimum deposit of RM30,000?
A. You will be entitled for a “Prosperous Umbrella” provided on a first-come, first-serve basis. A total of 6,888 units are distributed under the campaign.
Q. How often does the bank pay the interest for the deposit amount?
A. The interest/profit will be credited to your CASA maintained with the bank on a half-yearly basis.
Q. What does new funds mean?
A. New funds can be defined as:
- Cash, interbank GIRO, local cheque issued not before a week from the date of deposit, and funds received from telegraphic transfer from other banks.
- Funds taken from equity and unit trust funds redemption that are re-deposited to CASA/-i.
Also, new funds cannot be:
- Intra bank fund transfer, i.e. transfer from another AFFINBANK account bearing the same account name.
- Inter-branch transfer within AFFINBANK bearing the same name.