With over RM 345 Billion in assets, Public bank is the third largest bank in Malaysia and can have its beginnings traced back to 1966. Over the years, Public Bank has carved a name for itself in the field of consumer banking and business banking. The bank offers a comprehensive product list that is delivered to the customers through an extensive delivery channel. This channel consists of 259 branches and 1801 self-service kiosks. The bank is a reliable financial institution which has been awarded with a strong credit rating and numerous awards.
Reliability is a key differentiating factor that sets Public bank apart from the others. Their strong credit rating, excellent performance and customer centric approach makes it a superior bank to invest funds in. On this front, the fixed deposits offered by Public bank are some of the best investment modes for first time investors and seasoned veterans as well. The Public bank Fixed Deposits are safe, guarantee returns and come in a wide variety of choices for tenures and deposit amounts and as popular as these deposits maybe, the bank still rolls out promotional offers on fixed deposits.
These promotional offers look to attract new customers or existing ones to deposit fresh funds into the bank in the form of deposits which offer either attractive interest rates, more tenure options, lesser minimum deposit amounts or all of the above. The promotional offer provided by Public Bank is as follows
Public Bank eFD
This offer from Public Bank provides individual customers above the age of 18 to take full advantage of the Public bank e-banking system to increase the rate of interest on their fixed deposits. The individuals need to have a savings account or current account and should be registered for e-banking or otherwise known as PBe. The PB eFD is not available as an option for those who hold joint CASA accounts. The offer is valid till 31stMarch 2015 and offers an additional 0.25% interest above the prevailing rate for the PB eFD. The tenure needs to be a minimum of 3 months and the minimum deposit amount is RM 1000. Upon maturity, the FD will be automatically renewed at the prevailing interest rates offered by Public Bank. The deposit is eligible to be protected under PIDM.
PB FD XTRA
This promotional offer gives the chance for depositors to earn more interest and is applicable to conventional fixed deposits and Islamic fixed deposits. The deposits opened can either be individual or of a non-individual nature. The minimum deposit amount for individual fixed deposit is RM 20,000 and for Non-individual deposit it is RM 50,000. The maximum deposit for individual accounts is RM 10 Million and for Non-individual accounts it is RM 20 Million. The interest rate offered for the first 6 months is 4.10% p.a. After the end of 6 months the deposit automatically rolls over into another 6 month tenure with an interest rate of 4.50% for the second 6 months.