Alliance Bank Fixed Deposit Rate

 Alliance Bank Fixed Deposits are financial products offered by the Alliance Bank Malaysia Berhad. Alliance Bank is known for its dynamic and innovative financing solutions all over Malaysia for the past 5 decades. These fixed deposit schemes offer you attractive interest rates on your investments. You can enjoy high and fixed returns on your savings to ensure your financial stability in the future.

Alliance Bank Fixed Deposit Interest Rates 2019 (Updated on 24 Jan 2019)

Alliance Bank Fixed Deposit Interest Rates
Tenure (Months) Counter Rate (% p.a.) 2nd Tier Rate for Non-Resident Individuals (FD above RM1 Million) (% p.a.) 2nd Tier Rate for Non-individual Entities (FD above RM1 Million) (% p.a.)
1-2 3.20 3.00 3.00
3 3.25 3.05 3.05
4-5 3.25 3.05 3.05
6-11 3.30 3.10 3.10
12 3.35 3.15 3.15
12-24 3.35 3.15 3.15
Above 24 Negotiable Negotiable Negotiable

Alliance FD Gold Interest Rates
Tenure Counter Rate (% p.a.) 2nd Tier Rate for Non-resident Individuals Only (% p.a.)
12 to 24 Months 3.45 3.25
36 to 60 Months Negotiable Negotiable

Alliance e-Fixed Deposit Interest Rates
Tenure Counter Rate (% p.a.) 2nd Tier Rate for Non-resident Individuals Only (% p.a.)
1 to 2 Months 3.20 3.00
3 Months 3.25 3.05
4 to 5 Months 3.25 3.05
6 to 11 Months 3.30 3.10
12 Months 3.35 3.15

e-Alliance FD Gold Interest Rates
Tenure Counter Rate (% p.a.) 2nd Tier Rate for Non-resident Individuals Only (% p.a.)
12 Months 3.45 3.25

Alliance Xchange Fixed Deposit Interest Rates for Foreign Currencies

Currency Alliance XChange Foreign Currency Fixed Deposit Interest Rate (% p.a.)
Tenure
1 month 3 month 6 month 9 month 12 month
AUD 2.00 2.20 2.40 2.50 2.60
CAD 0.80 0.90 1.00 1.10 1.20
EUR 0.00 0.00 0.00 0.00 0.00
GBP 0.40 0.50 0.60 0.70 0.80
NZD 1.90 2.00 2.15 2.30 2.50
SGD 0.80 1.00 1.10 1.20 1.30
USD 2.25 2.65 2.90 2.95 3.05

Alliance Bank Fixed Deposit Interest Rates for Foreign Currencies

Currency Foreign Currency Fixed Deposit (FCFD) Interest Rate (% p.a.)
Tenure
7 days 14 days 21 days 1 month 3 months 6 months 9 months 12 months
AUD 1.60 1.70 1.80 2.00 2.20 2.40 2.50 2.60
CAD 0.30 0.35 0.40 0.80 0.90 1.00 1.10 1.20
CNY 0.50 0.50 0.50 1.00 1.10 1.20 1.25 1.30
EUR 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
GBP 0.25 0.30 0.35 0.40 0.50 0.60 0.70 0.80
NZD 1.70 1.75 1.80 1.90 2.00 2.15 2.30 2.50
SGD 0.30 0.40 0.50 0.80 1.00 1.10 1.20 1.30
USD 1.90 2.00 2.05 2.25 2.65 2.90 2.95 3.05

Types of Alliance Bank Fixed Deposit Schemes

Alliance Bank offers 6 types of fixed deposit schemes. They are:

  • Alliance Fixed Deposit: This is the basic fixed deposit scheme where you can earn regular returns on your deposits.
  • Alliance FD Gold: This fixed deposit scheme offers a higher interest rate where you can maximise your profits on your deposits.
  • Alliance e-Fixed Deposit: This scheme offers you an online fixed deposit account where you can conveniently manage your investments from anywhere.
  • e-Alliance FD Gold: This fixed deposit is available for all those aged 40 and below. You can open or withdraw this fixed deposit account via online banking.
  • Alliance Foreign Currency Fixed Deposit: This fixed deposit allows you to earn a profit on your foreign currency funds on a monthly basis.
  • Alliance Xchange Fixed Deposit: You can open this fixed deposit account online. You can manage and withdraw your deposits via online banking.

Alliance Bank Fixed Deposit Features and Benefits:

  • You can opt for a flexible fixed deposit tenure as per your convenience.
  • It is easy for you to manage your fixed deposit account anytime with Alliance online banking services.
  • You can enjoy competitive interest rates which will earn you high returns.
  • You can deposit a low minimum amount to open a fixed deposit account.
  • You can open a fixed deposit account using online banking services by transferring funds from your own personal savings or current account with Alliance Bank.
  • You can open a fixed deposit account for your children even if they are below 18 years of age.
  • You can open a fixed deposit not just as an individual, but also as a corporation, club, society or association.

Alliance Bank Fixed Deposit Eligibility Criteria

  • Alliance Fixed Deposit:
    • Individuals aged 18 years and above.
    • Individuals under 18 years to be accompanied by a parent or legal guardian.
    • Non-individuals such as corporations, clubs, societies, government bodies, and partnerships.
    • Minimum RM5,000 for 1-month tenure and minimum RM500 for tenures exceeding one month.
  • Alliance FD Gold:
    • Individuals aged 21 years and above.
    • Minimum deposit amount is RM30,000.
  • Alliance e-Fixed Deposit:
    • Individuals aged 18 years and above.
    • Individuals registered with AllianceOnline.
    • Minimum RM5,000 for 1-month tenure and minimum RM500 for tenures exceeding 1 month.
  • e-Alliance FD Gold:
    • Individuals aged 21 years and above.
    • Register via AllianceOnline.
    • Minimum deposit amount is RM30,000.
  • Alliance Foreign Currency Fixed Deposit:
    • Available for permanent residents of Malaysia as well.
    • Both individual and joint accounts available.
  • Alliance Xchange Fixed Deposit:
    • Individuals aged 18 years and above.
    • Sole proprietors and general partnerships not allowed.
    • Individuals registered with AllianceOnline.
    • Active savings or current account (conventional) with Alliance Bank.

Alliance Bank Fixed Deposit Account Fees and Charges

Fee Type Description
Stamp Duty for Letter of Indemnity RM10.00
Loss of Fixed Deposit Certificate RM5 per replacement.

Alliance Bank Fixed Deposit Promotion 2019

Open an Alliance Bank Fixed Deposit account and make a minimum deposit of RM30,000 for 3 months. Simultaneously, make a minimum deposit of RM10,000 in your CASA account. The CASA deposit will be earmarked for the same tenure as the FD account. The deposit must be made in FD and CASA in a ratio of 3:1.

Upon fulfilling the above criteria, you will be eligible for a promotional rate of 5.00% p.a. The campaign is valid on specific dates, such as 4 January 2019, 11 January 2019, 18 January 2019, 25 January 2019, and 31 January 2019. The deposit must be made in fresh funds only.

RM30,000 RM10,000 3 months 3:1 5.00% p.a.
RM30,000 RM10,000 3 months 3:1 5.00% p.a.

How to Open an Alliance Bank Fixed Deposit Account?

Online Enquiry Form
  • Visit the official website of the bank and browse for the FD product of your choice.
  • Click on the “Apply Now” button.
  • Fill up your contact details in the form and submit it.
  • A representative from the bank will contact you to guide you through the process.
Offline Application
  • Visit the nearest branch of the bank.
  • Enquire about the FD product of your choice.
  • Fill up the application form and specify the deposit tenure.
  • Submit the application to the branch.

How does Alliance Bank Fixed Deposit Work?

Consider that you are a Malaysian and you decide to open an Alliance FD Gold Account. If you place an amount of RM6,000 in the account for a period of 16 months, you can earn an interest of 3.45% p.a. The total interest you earn at the end of the tenure is calculated below.

I = [A x {1 + (R/100)T}] - A

I = [RM6,000 x {1 + (3.45/100)16/12}] - RM6,000

I = RM276

The actual maturity amount you get is RM6,276 and the total interest you earn is RM276.

Alliance Bank Contact Number for Fixed Deposits

You can contact the Alliance Bank on 03 5516 9988 (Personal) or 1 300 80 3388 (Business).

FAQ's

Q. Is there a time constraint to open an FD account via AllianceOnline?

A. Yes. You can open an FD account via AllianceOnline between 6:00 a.m. and 11:00 p.m.

Q. How often is the interest paid in the case of a foreign currency FD account?

A. In the case of a foreign currency FD account, the interest is paid on a monthly basis. The interest will be paid in the same foreign currency as you have chosen.

Q. When can I get access to the interest on normal FD account?

A. The interest will be paid to you based on the deposit tenure you have chosen. If the tenure is between 1 and 12 months, the interest will be paid to you on maturity. If the tenure chosen is longer than 12 months, the interest will be paid once in 6 months. For Alliance FD Gold Account, the interest will be credited every month.

Q. Can I make a partial withdrawal from the deposit account?

A. No. The bank does not allow you to make a partial withdrawal from an Alliance Fixed Deposit Account during the deposit tenure. When it comes to Alliance FD Gold Account, you can make partial withdrawal in multiples of RM1,000. However, you need to maintain a minimum balance of RM30,000 in the account after withdrawal.

In another case, partial withdrawal from an Alliance FD Gold Account placed via AllianceOnline is not allowed.

Q. How will I receive the FD receipt when I open an FD account online?

A. When you open an FD account online, you will not receive any FD receipt/certificate.

Other Products offered by Alliance Bank:

Apart from offering Fixed Deposit,Alliance Bank offers other products and services which include:

News About Alliance Bank Fixed Deposit Rate

  • Alliance Bank Introduces a New Current Account – Alliance SavePlus

    Alliance Bank Malaysia Berhad introduced a new current account that offers high interest rates and increased accessibility to funds. Unlike most accounts offering high interest rates that lock-up funds, like fixed deposits, the Alliance SavePlus Account makes funds accessible, anytime.

    The SavePlus Account offers an interest rate of 3.5% p.a. for accounts holding balances over RM100,000. The account was created to facilitate efficient transactions for investors and businessmen alike. Interest is apportioned daily and credited to the account every month.

    Maintaining an average monthly balance of RM10,000 qualifies the account holder for select fee waivers. These include, annual debit card fees, Interbank Fund Transfer fees, Interbank GIRO, and so on.

    Introduced as part of its Transformation Agenda, Alliance Bank seeks to provide its bankers with a fast, and efficient way to access funds for future investment and entrepreneurial efforts. The bank has identified the growing need for flexible accounts offering high-yield return rates. The Alliance SavePlus account, according to Mr Suparman Kusuma, Executive Vice President and Head, Group Consumer Banking, is one such account.

    BBazaar Malaysia

    18 January 2019

  • Potential OPR Hike To Benefit Alliance Bank The Most; says CIMB Research

    Alliance Bank Malaysia Bhd (ABMB) is set to benefit the most from a likely 25 basis-point (bp) hike in overnight policy rate (OPR), according to a statement released by CIMB IB research. Currently, ABMB holds the highest share of floating-loan rates, standing at 89%.

    The potential hike might increase ABMB’s overall profit by 8.2%, the research firm said. RHB Bank Bhd stands at the second place with a potential rise in 6% over its net-profit.

    However, the research firm said that the hike won’t have any significant impact on banks. The research firm maintained ‘Neutral’ rating on the banking sector, primarily due to slow loan growth and the losses incurred upon the adoption of Malaysian Financial Reporting Standard 9 (MFRS 9).

    CIMB Research said that the 25bp hike will increase their net profit prediction for FY18-19 by c.4%. According to the research firm, the prediction is based on a possible increase of 25bp in lending rates and 22bp hike in fixed deposits, after witnessing a 25bp OPR hike.

    It is being speculated that the announcement might happen during the first monetary policy committee (MPC) meeting on January 25.

    BBazaar Malaysia

    24 January 2018

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