This Chinese New Year season, AmBank presents a promotional offer on both eFixed Deposit (eFD) and eTerm Deposit-i (eTD-i). You can open the eFD Account at ease via AmOnline Internet Banking portal and enjoy the perks of the promotion.
AmBank Fixed Deposit Promotion
When you place a minimum of RM10,000 in eFD/eTDi Account for a period of 8 months, you can earn promotional interest/profit rates of 4.03% p.a. The interest earned on the FD will be credited to your AmBank Current Account or a Savings Account (CASA)/CASA-i.
Fixed Deposit Promotion Start & End Date
The promotion period has begun on 27 January 2018 and is valid until 15 March 2018.
FD Promotion Terms & Conditions
AmBank has specified the following terms and conditions on the promotion:
- The promotion is valid only when you open an eFD/eTD-i Account via AmOnline channel.
- Both new and existing AmBank customers can get the benefits of the promotion.
- If you withdraw the deposit within three months of placement, you cannot get the benefits of the promotion.
- The promotion policy may be revised if there are changes in Overnight Policy Rate (OPR).
- The amount you deposit must be in fresh funds.
Q. What do fresh funds mean?
A. Fresh funds are the money that is:
- Not transferred from a CASA maintained with the bank.
- Transferred from another bank’s CASA to your AmBank CASA. This transfer must not have been done more than a week prior to the deposit placement.
Q. Is the eFD protected by Perbadanan Insurans Deposit Malaysia (PIDM)?
A. Yes. The eFD and the eTD-i Accounts are protected by PIDM.
Q. Can I place the deposit through cheque?
A. Yes. You can place the deposit by presenting a cheque. However, the date of presenting the cheque is not considered. The deposit will be placed on the date when the cheque is cleared.
Q. Can I use this eFD as a collateral for a loan at a later time?
A. No. You cannot use this eFD or eTD-i as a collateral for any loan.
Q. Can a normal FD Account converted into eFD Account?
A. No. You cannot directly convert from FD Account into an eFD Account. However, you can withdraw your FD at the branch and then open an eFD Account via AmOnline.