AmBank and AmBank Islamic offer various promotions on Fixed Deposit (FD) products from time to time. The current campaign requires you to place a specified amount in your AmStar Current Account to get the promotional rate on the FD account balance. The FD offer comes with a reasonable tenure, offering high returns.
AmBank Fixed Deposit Promotion Mechanics
Promotion 1 is
Place up to RM200,000 in an FD account with AmBank for a period of 12 months and earn returns of 4.40% p.a. Simultaneously, you have to maintain a minimum balance of RM10,000 in fresh funds your AmStar Current Account for about a month.
If you maintain RM10,000 in the AmStar Current Account and fulfil one of the above criteria, you can earn a cashback of RM50. The promotion is valid until 31 March 2019.
|Maximum Amount in FD||Promotional Rate||Deposit Tenure||Minimum Balance in AmStar Current Account||Cashback on AmStar Current Account Balance|
|RM200,000||4.40% p.a.||12 months||RM10,000||RM50|
AmBank FD Promotion Start & End Date
The promotion has commenced on 19 November 2018 and is valid until 31 March 2019.
AmBank Fixed Deposit Promotion Terms & Conditions
- The deposit placement must be made over the counter only.
- You must be a new AmBank SIGNATURE Priority Banking customer (AmSPB) and must meet the eligibility criterion of having a minimum Asset Under Management (AUM) of RM200,000 or more.
- You must have at least one AmStar Current Account.
- The promotional rate is subject to changes in the Bank’s Fund Transfer Pricing (FTP).
- The cashback will be credited to your AmStar Current Account.
- If the AmStar Current Account is not in good standing with the bank’s terms, the cashback may be forfeited.
- The cashback will not be credited to any other accounts held with the bank.
- You can get the cashback and the promotional rate just once regardless of the number of accounts you open.
- Deposits must be made in fresh funds only.
Q. Are the bank’s staff eligible to get the benefits of the promotion?
A. Anybody who fulfils the eligibility criteria of having the AmBank SIGNATURE Priority Banking membership and the Asset Under Management (AUM) can get the benefits of the promotions.
Q. Can I make withdraw money from my AmStar Current Account during the promotion period?
A. You have to maintain the topped-up or the new balance of RM10,000 in fresh funds for about a month to get the benefits of the campaign. The balance must be maintained as per the following criteria:
- Until 30th or 31st of the month, if you enter the campaign on or before 15th of the month.
- Until 15th of the next month, if you enter the campaign after 15th of the month.
Q. When will I receive the cashback on the AmStar Current Account balance?
A. The cashback for maintaining balance in your AmStar Current Account will be credited within 45 days from the campaign end date.