• 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 2018 (Updated on 21 Jul 2018)

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

    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 Interest Rates for Foreign Currencies

    Alliance Bank Fixed Deposit Interest Rate for Australian Dollar (AUD)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 1.40 1 Month 1.70
    14 Days 1.50 3 Months 1.90
    21 Days 1.60 6 Months 2.00
    1 Month 1.70 9 Months 2.10
    3 Months 1.90 12 Months 2.15
    6 Months 2.00 - -
    9 Months 2.10 - -
    12 Months 2.15 - -
    Alliance Bank Fixed Deposit Interest Rate for Canadian Dollar (CAD)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 0.30 1 Month 0.80
    14 Days 0.35 3 Months 0.90
    21 Days 0.40 6 Months 1.00
    1 Month 0.80 9 Months 1.10
    3 Months 0.90 12 Months 1.20
    6 Months 1.00 - -
    9 Months 1.10 - -
    12 Months 1.20 - -
    Alliance Bank Fixed Deposit Interest Rate for Chinese Yuan (CNY)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 0.50 - -
    14 Days 0.50 - -
    21 Days 0.50 - -
    1 Month 0.60 - -
    3 Months 0.70 - -
    6 Months 0.80 - -
    9 Months 0.90 - -
    12 Months 1.00 - -
    Alliance Bank Fixed Deposit Interest Rate for Great Britain Pound (GBP)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 0.10 1 Month 0.20
    14 Days 0.10 3 Months 0.25
    21 Days 0.15 6 Months 0.40
    1 Month 0.20 9 Months 0.45
    3 Months 0.25 12 Months 0.50
    6 Months 0.40 - -
    9 Months 0.45 - -
    12 Months 0.50 - -
    Alliance Bank Fixed Deposit Interest Rate for New Zealand Dollar (NZD)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 1.70 1 Month 1.90
    14 Days 1.75 3 Months 2.15
    21 Days 1.80 6 Months 2.30
    1 Month 1.90 9 Months 2.40
    3 Months 2.15 12 Months 2.50
    6 Months 2.30 - -
    9 Months 2.40 - -
    12 Months 2.50 - -
    Alliance Bank Fixed Deposit Interest Rate for Singapore Dollar (SGD)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 0.20 1 Month 0.60
    14 Days 0.30 3 Months 0.80
    21 Days 0.40 6 Months 1.00
    1 Month 0.60 9 Months 1.10
    3 Months 0.80 12 Months 1.25
    6 Months 1.00 - -
    9 Months 1.10 - -
    12 Months 1.25 - -
    Alliance Bank Fixed Deposit Interest Rate for US Dollar (USD)
    Alliance Foreign Currency Fixed Deposit Alliance Xchange Fixed Deposit
    Tenure Interest Rate (% p.a.) Tenure Interest Rate (% p.a.)
    7 Days 1.15 1 Month 1.40
    14 Days 1.20 3 Months 1.60
    21 Days 1.30 6 Months 1.70
    1 Month 1.40 9 Months 1.85
    3 Months 1.60 12 Months 1.95
    6 Months 1.70 - -
    9 Months 1.85 - -
    12 Months 1.95 - -

    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 18 years and above.
      • Individuals under 18 years to be accompanied by a parent or legal guardian.
      • Non-individuals such as corporations, partnerships, clubs, sole proprietors, societies and government bodies.
      • Minimum RM5,000 for 1-month tenure and minimum RM500 for tenures exceeding 1 month.
    • 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 40 years and above.
      • Individuals registered with AllianceOnline.
      • Minimum RM30,000.
    • Alliance Foreign Currency Fixed Deposit:
      • Malaysians aged 18 years and above.
      • Minimum 5,000 units of the respective foreign currency.
    • 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

    Alliance Bank Fixed Deposit Account Fees and Charges
    Loss of Fixed Deposit certificate/receipt RM5.30 (Replacement of FD receipt) RM10.00 (Stamp Duty on Indemnity Letter)
    Cheque Processing Fee RM0.53 (Per Cheque)

    Alliance Bank Fixed Deposit Promotion 2018

    Promotion 1:The bank requires you to place RM10,000 or more in the Time Deposit-i account for a period of your choice among 3 months, 7 months or 12 months to earn promotional rates as high as 4.38% p.a. Both, new and existing customers of Alliance Bank can get the benefits of the promotion. The details on the profit rates are given below:

    Promotion 2: Invest a minimum of RM10,000 in ASNB Variable Price Funds when you deposit a minimum of RM10,000 in FD/TD-i account for a tenure of 9 months to get high interest rate of up to 6.18% p.a. The promotional offer is available 23 March 2018 and on 30 March 2018. The total deposit amount required by the bank is RM20,000 (RM10,000 into FD and RM10,000 into ASNB Variable Price Funds) must be in the form of fresh funds.

    Deposit Amount Promotional Rates (% p.a.)
    3 Months’ Tenure 7 Months’ Tenure 12 Months’ Tenure
    RM10,000-RM99,999 4 4.20 4.30
    RM100,000 or more 4.15 4.25 4.38

    How To Open An Alliance Bank Fixed Deposit Account?

    • You can visit the nearest branch of Alliance Bank, where bank staff will help you to open a fixed deposit account of your choice.
    • You can fill up and submit the online form with your basic contact details, available on the bank website. A bank representative will contact you as soon as possible to help you with this process.

    Alliance Bank Contact Number for Fixed Deposits

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

    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

    • 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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