AmBank Fixed Deposit Rate

AmBank offers fixed deposit accounts for your long-term and short-term investments. You can maximise your profits with competitive interest rates offered by AmBank. The range of fixed deposits available are tailored to suit your financial plan and budget. You can choose a flexible tenure that suits you.

AmBank Fixed Deposit Interest Rates 2019 (Updated on 22 Feb 2019)

Conventional Fixed Deposit
Tenure (in Months) Interest Rate (% p.a.)
1-2 3.15
3 3.20
4-5 3.25
6-11 3.30
12 3.35
13-21 3.25
24 3.30
36 3.35
48 3.40
60 3.40

Am50Plus Fixed Deposit
Tenure (in Months) Interest Rate (% p.a.)
6 3.30
9 3.30
12 3.35
15 3.35
18 3.35
21 3.35
24 3.40
36 3.45
48 3.50
60 3.50

AmQuantum Fixed Deposit
Tenure (in Months) Interest Rate (% p.a.)
9 3.30
15 3.30
18 3.30
21 3.30
24 3.35
36 3.40
48 3.45
60 3.45

Types of AmBank Fixed Deposit Accounts

AMBANK offers 4 types of fixed deposits.

  • Conventional Fixed Deposit: This fixed deposit is for individuals aged 18 years and above. You can have your interest credited to your savings or current account directly.
  • Am50Plus Fixed Deposit: This fixed deposit is for individuals aged 49 years and above. You can earn a higher interest rate on this fixed deposit than the conventional fixed deposit.
  • AmQuantum Investment: This fixed deposit allows you to earn interest on your deposits on a quarterly basis. The interest will be credited to your savings or current account.
  • Foreign Currency Fixed Deposit: This fixed deposit will allow you to earn interest on your savings in foreign currencies. This fixed deposit is available for 10 different foreign currencies.

Features and Benefits:

  • You can enjoy higher interest rates on these fixed deposits when compared to interest rates of savings or current accounts.
  • You can choose a flexible fixed deposit tenure that ranges from 1 month up to 60 months.
  • You can deposit a minimum of RM500 in the conventional fixed deposit scheme for a tenure of 2 months and above.
  • You can opt for 1-month tenure if you deposit a minimum of RM5,000 on a conventional fixed deposit account.
  • You can easily access and maintain your fixed deposits through online banking.
  • You can link your savings or current account with your fixed deposit account.
  • You can get the interested credited to your savings or current account.
  • Your funds in AmBank fixed deposits are secure as they are protected by PIDM.
  • You can renew your fixed deposit automatically upon maturity.
  • You get ATM card access on your AmBank Am50Plus Fixed Deposit.

AmBank Fixed Deposit Interest Rates for Foreign Currency

USD
Tenure Interest Rate
1 Week 0.20% p.a.
1 Month 0.40% p.a.
2 Months 0.45% p.a.
3 Months 0.50% p.a.
6 Months 0.60% p.a.
9 Months 0.80% p.a.
12 Months 1.00% p.a.

AUD
Tenure Interest Rate
1 Week 0.90% p.a.
1 Month 1.00% p.a.
2 Months 1.00% p.a.
3 Months 1.20% p.a.
6 Months 1.50% p.a.
9 Months 1.50% p.a.
12 Months 1.60% p.a.

CAD
Tenure Interest Rate
1 Week 0.10% p.a.
1 Month 0.20% p.a.
2 Months 0.20% p.a.
3 Months 0.30% p.a.
6 Months 0.60% p.a.
9 Months 0.65% p.a.
12 Months 0.75% p.a.

CNY
Tenure Interest Rate
1 Week 0.50% p.a.
1 Month 0.50% p.a.
2 Months 0.50% p.a.
3 Months 0.60% p.a.
6 Months 0.65% p.a.
9 Months -
12 Months -

GBP
Tenure Interest Rate
1 Week 0.10% p.a.
1 Month 0.15% p.a.
2 Months 0.15% p.a.
3 Months 0.25% p.a.
6 Months 0.35% p.a.
9 Months 0.40% p.a.
12 Months 0.60% p.a.

HKD
Tenure Interest Rate
1 Week -
1 Month 0.05% p.a.
2 Months 0.05% p.a.
3 Months 0.10% p.a.
6 Months 0.20% p.a.
9 Months 0.25% p.a.
12 Months 0.45% p.a.

NZD
Tenure Interest Rate
1 Week 1.70% p.a.
1 Month 1.90% p.a.
2 Months 1.90% p.a.
3 Months 2.10% p.a.
6 Months 2.30% p.a.
9 Months 2.30% p.a.
12 Months 2.40% p.a.

SGD
Tenure Interest Rate
1 Week -
1 Month 0.50% p.a.
2 Months 0.50% p.a.
3 Months 0.65% p.a.
6 Months 0.75% p.a.
9 Months 0.80% p.a.
12 Months 1.00% p.a.

Eligibility Criteria

  • Conventional Fixed Deposit:
    • Minimum 18 years and above.
    • Minimum RM500 for 2 months and above.
    • Minimum RM5,000 for 1-month tenure.
  • Am50Plus Fixed Deposit:
    • Minimum 49 years and above.
    • Minimum RM5,000 for 6 months and above.
  • AmQuantum Investment:
    • Minimum 18 years and above.
    • Minimum RM5,000 for 9 months and above.
  • Foreign Currency Fixed Deposit:
    • Minimum 18 years and above.
    • A Minimum deposit equivalent to RM10,000 for individuals.
    • A Minimum deposit equivalent to RM50,000 for non-individuals.

AmBank Fixed Deposit Promotion

Promotion 1:

Place a deposit in an FD account not exceeding RM200,000 for 12 months to get a promotional rate of 4.40% p.a. You must also place a minimum deposit of RM10,000 in fresh funds in your AmStar Current Account and maintain the balance for about a month to get a cashback of RM50.

The promotion is valid from 19 November 2018 until 31 March 2019. The deposit must be made in fresh funds to get the benefits of the promotion. You must be a new AmBank SIGNATURE Priority Banking customer with a minimum Asset Under Management (AUM) value of RM200,000. You must also have an AmStar Current Account with the bank during the promotional period.

The deposit must be made over the counter to get the promotional benefits.

Promotion 2:

Open an eFixed Deposit (eFD)/eTerm Deposit-i (eTD-i) account with AmBank and make a minimum deposit of RM10,000. When you maintain the deposit for 8 months, you can get a promotional rate of 4.28% p.a. The promotion is valid from 18 January 2019 until 28 Februrary 2019. Use the promo code “CNY2019” to qualify for the promotion. The funds used for the deposit must be in fresh funds. The deposit must be made on the AmOnline Internet Banking platform.

The details of the promotion are given in the table below: 

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate Eligible Channel to Open the Account Promo Code
eFixed Deposit and eTerm Deposit-i RM10,000 8 months 4.28% p.a. AmOnline Internet Banking CNY2019

AmBank Fixed Deposit for Foreigners

Foreigners can open AmBank Foreign Currency Fixed Deposit Account. AmBank does not allow cash deposits or withdrawals from this fixed deposit account. All payments and withdrawals must be done through drafts, telegraphic transfer, money orders or through a Malaysian Ringgit account.

AmBank Fixed Deposit Fees and Charges

AmBank Fixed Deposit Fees and Charges
Replacement FD Receipt RM5.00 (Per receipt)
Ad-hoc Statement Request RM5.00 + RM0.30 GST (Per Request)

How to open an AmBank Fixed Deposit Account?

  • You can complete and submit the online form available on AmBank website. A bank representative will contact you to help you open a fixed deposit account.
  • You can visit the nearest branch of AmBank where bank staff will help you to open a fixed deposit of your choice.

AmBank Fixed Deposit Contact Number

  • 1300 80 8888 (Local)
  • +603 2178 8888 (International)

FAQs

Q. What is the mode of interest payment for AmBank Fixed Deposits?

A. The interest will be credited to your AmBank savings or current account.


Q. What is the frequency of interest payment?

A. Interest will be paid monthly for AmBank Am50Plus Fixed Deposit and quarterly for AmBank AmQuantum Fixed Deposit.


Q. Will my fixed deposit account be renewed automatically?

A. Yes. AmBank fixed deposits are renewed automatically upon maturity. The interest rate for the renewed fixed deposit would be the prevailing interest rate at the time of renewal.


Q. What should I do if I want to change fixed deposit terms at renewal?

A. AmBank would send you a renewal notice in advance. If you wish to change any terms of your fixed deposit renewal, you need to inform AmBank about it in writing. AmBank would then change the terms accordingly.


Q. Is withdrawal before maturity allowed on AmBank Foreign Currency Fixed Deposit?

A. No. AmBank does not allow withdrawal before maturity on Foreign Currency Fixed Deposit.


Other Products offered by AmBank:

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

News About AmBank Fixed Deposit Rate

  • Collaboration between AmBank and CGC currently at RM2.15 billion

    AmBank Group and Credit Guarantee Corporation Malaysia Bhd (CGC) recently announced a Portfolio Guarantee Scheme (PG) worth RM2.15 billion. The scheme is aimed towards the development of the Small and Medium Enterprises (SME) industry.

    This is the second initiative both the groups have undertaken in 2019, after the RM100 million financing for Proton dealers. It is a term loan facility, which has a range between RM1 million and RM3 million. CGC offers a guarantee of 70% of the loan amount, while AmBank covers the guarantee fee. The first allocation of the RM100 million is planned for the first six months, as reported by the AmBank group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir.

    The collaboration, which has been in place since 2015, plans to look at the performance of the funds in the first six months before further action is taken. The RM100 million fund will be used to upgrade the 3S and 4S centre facilities. The SME sector has reported a growth of 30% in 2017, which the collaboration plans to retain.

    Sulaiman also reported that the bank has a financing portfolio of RM4 million, which is yet to be disbursed. On the other hand, CGC has targeted for financing and guarantees of around RM4.6 billion in 2019, as stated by CGC president and CEO Datuk Mohd Zamree Mohd Ishak. Both AMBank and CGC have plans to target brands, like its connection with Proton.

    BBazaar Malaysia

    28 January 2019

  • Voon Seng Chuan appointed as the new chairman of AmBank

    AMMB Holdings Bhd recently appointed its new chairman, Voon Seng Chuan. He started his position from 1 January 2019. The previous chairman was Azman Hashim.

    Voon, who is currently 60 years old, has been a member of AmBank’s board since 18 June 2015. He has also previously served as a board member for AMMB Holdings. Azman, who is 79 years old, will retain his position as AMMB Holdings chairman.

    BBazaar Malaysia

    28 January 2019

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.