Maybank has become a synonym for banking in Malaysia and is the fourth largest bank in Southeast Asia by account of assets held. With over 2200 offices in over 20 countries, Maybank is not only one of the leading banking institutes in Malaysia, but also the world. It offers range of comprehensive financial products catering to the consumer segment, the business segment and also to the investment banking sector.
The fixed deposits offered by Maybank are a great mode of investment for beginners and seasoned investors alike. The deposits act not only as a safe investment which guarantees return but also provides a makeshift savings account. The only difference being the unavailability of the funds till maturity period. The fixed deposits offered by Maybank come with varying tenure options and the interest rates offered.
As attractive and safe as it maybe, the fixed deposits offered by Maybank are at times clubbed with promotional offers to lure either new customers into Maybank or provide extra incentive for existing customers to deposit fresh funds. These offers are usually in the form of attractive interest rates for shorter durations or a smaller minimum placement requirement. The promotional offer from Maybank on fixed deposits is below:
The FD Countdown 1 is the current promotional offer from Maybank on fixed deposits in which investors can enjoy higher interest rates for short tenures of 1 month. The offer requires that fresh funds of minimum amount of RM 25,000 be deposited for individual fixed deposits or a minimum amount of RM 50,000 be deposited, if the fixed deposit is for an SME or a business banking customer. The interest rates offered for the 1 month tenure is 3.60% p.a. as compared to the prevailing rate of 3.15%. This offer is valid only on conventional fixed deposits and requires the deposit of fresh funds.
Maybank Fixed Deposit Promotions
Maybank provides Malaysian citizens with the most convenient fixed deposit plans with noticeably greater returns. However, that is not all, since Maybank has several promotional offers on fixed deposits from time to time. Here are the leading promotional offers on fixed deposit, as of June, 2016.
The Launch of “eFD FLEXI 2.0” Campaign
- This new campaign allows customers to enjoy great rates on their fixed deposit for minimum fresh deposit from individuals, of RM10,000 and sole proprietors in a singular certificate with a deposit of RM25,000 on the eFD FLEXI 2.0 Campaign.
- All that is needed for customers, is a Current or Savings Account with Maybank for interest payment.
- This promotion is also valid for Conventional eFixed Deposit, placing new funds through Maybank2u or the Maybank2u Mobile App only.
Offer is valid from June 4, 2016 to June 30, 2016
Islamic Fixed Deposit (IFD-i) Glory 9 Campaign
- Get a rate of 4.22% per annum on your Islamic Fixed Deposit.
- You need to simply deposit RM25,000 minimum as an Individual or a deposit of minimum RM50,000 as a Small Medium Enterprises along with Business Banking customers with the the help of one certificate.
- Offer is open applicable to Maybank or Maybank Islamic customers only.
- The customers should have fresh funds placed over the counter at any of the Maybank branches in Malaysia.
- The tenure for this offer is 9 months.