RHB Bank FD Promotion

RHB Bank has come up with a new promotion on Term Deposit (TD), Fixed Deposit (FD), and Commodity Murabahah Deposit-i placements. Choose the promotion you think gives a better return based on the tenure, deposit amount, and other factors. Read through to know more about these promotions.

RHB Bank Fixed Deposit Promotion Mechanics

Promotion 1:

Invest in ASNB VP or Unit Trust (UT) when you place your TD to earn high promotional rates of up to 16.88% p.a. You can choose a tenure based on your convenience—1 month or 3 months. The promotional rates vary based on the tenure chosen as given in the table below:

Minimum Deposit Amount Minimum Investment Amount Promotional Rates for 1-month Tenure Promotional Rates for 3-month Tenure
RM10,000 RM10,000 (ASNB VP) 16.88% p.a. 8.88% p.a.
RM10,000 RM10,000 (Unit Trust) 15% p.a. 6% p.a.

Promotion 2:

Get returns of up to 7.88% p.a. on your Fixed Deposit account when you sign-up for selected RHB Life Protection Plan. The promotional benefit is available for 3- and 6-month tenures.

The details of the scheme are summarised in the table below:

Minimum Annual Premium for Year 1 Fixed Deposit Placement Deposit Tenure Interest Rate
RM5,000 Up to RM20,000 (Ratio 1:1) 3 months 7.88% p.a.
Up to RM30,000 (Ratio 1:1) 6 months 4.88% p.a.

Promotion 3:

The FD promotion lets you save money and get high returns so that you can realise your child’s dreams. You can choose from the 2 tenures available—13 months and 5 months. You must open an RHB Fixed Deposit or Commodity Murabahah Deposit-i Account and deposit a minimum amount of RM10,000. A maximum of RM10 million can be placed in the FD/CMD-i Account.

You can also open an e-FD/e-CMDi via RHB Now Internet Banking and place a minimum deposit of RM5,000 for 7 months to earn a promotional rate of 4.10% p.a. The deposit can be made via FPX Transfer from another bank.

The table below gives a brief summary of the promotion:

Participating Products Mode of Application Minimum Deposit Amount Deposit Tenure Promotional Rate
FD/CMD-i Over-the-Counter RM10,000. 13 months. 4.35% p.a.
FD/CMD-i Over-the-Counter RM10,000. 5 months. 4.03% p.a.
e-FD/e-CMDi RHB Now Internet Banking via FPX Transfer RM5,000. 7 months. 4.10% p.a.

Promotion 4:

Open an RHB Fixed Deposit account or a Commodity Murabahah Deposit-i account and deposit a minimum of RM10,000 for a period of 3 months. You can earn a promotional rate of 4.38% p.a. on the deposit amount.

Top-up your CASA/-i with 10% of the deposit amount and maintain the balance for a period of 2 months to be eligible for the promotional benefits.

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate CASA Top-up Earmarking Period for CASA Balance
RHB Fixed Deposit account and Commodity Murabahah Deposit-i RM10,000 3 months 4.38% p.a. 10% of the deposit amount 2 months

Promotion 5:

Open an e-Fixed Deposit (e-FD)/e-Commodity Murabahah Deposit-i (e-CMDi) Account via RHB Now Internet Banking and place a minimum deposit of RM5,000 for 7 months or 3 months based on your convenience. You can earn a promotional rate of 4.10% p.a. and 4.00% p.a. respectively.

Fund transfer must be made via FPX from another bank in order to make the deposit. A maximum of RM30,000 can be transferred per transaction on FPX.

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate Mandatory Criteria
e-Fixed Deposit (e-FD) and e-Commodity Murabahah Deposit-i (e-CMDi) RM5,000 7 months 4.10% p.a. 1. Placement must be made via RHB Now Internet Banking 2. Funds must be transferred via FPX
   

RHB Bank FD Promotion Start & End Date

Promotion 1:

The promotion is available until 31 December 2018.

Promotion 2:

The promotion is available until 31 December 2018.

Promotion 3:

The promotion is valid until 31 December 2018.

Promotion 4:

The promotion is valid from 7 November 2018 and is valid until 31 December 2018.

Promotion 5:

The campaign is valid from 6 November 2018 up to 31 December 2018.

RHB Bank Fixed Deposit Promo Terms & Conditions

Promotion 1:

  • You have to invest in ASNB VP or Unit Trust on the same day as opening a TD Account.
  • The amount you invest in ASNB VP/UT must be more than or equal to the amount placed in the TD account.
  • The TD account holder and the investment account holder must be the same person.
  • In the case of a joint account, the primary account holder of the TD and investment accounts must be the same person.

Promotion 2:

  • The FD placement must not be more than the annual first-year premium.
  • You must place a minimum amount of RM5,000 in the deposit account.
  • You must sign the Declaration and Authorisation Form before you place the deposit.
  • You must open an FD account and sign the proposal form for Bancassurance on the same day.
  • FD placement must be made in fresh funds only.
  • Each “Banca” product subscribed can be associated with only one FD account throughout the promotion period.

Promotion 3:

  • Partial withdrawal is not allowed.
  • The interest will be paid upon maturity.
  • You will not receive any interest/profit if you uplift the deposit amount within the first 3 months of the deposit placement.
  • If you uplift the deposit amount after the completion of the first 3 months and before maturity, you are entitled to receive half of the designated interest/profit for the number of completed months.
  • No interest will be paid if you prematurely uplift the FD after 1 January 2019.

Promotion 4:

  • The interest/profit will be credited to your CASA/CASA-i upon maturity.
  • Partial withdrawal is not allowed under the campaign.
  • Interest/profit will not be paid if you uplift the deposit before the completion of 3 months’ tenure.
  • The FD placement and CASA/-i placement must be done on the same day to qualify for the offer.
  • The promotional offer will cease to apply if you withdraw the amount earmarked in the CASA/-i within the specified period.

Promotion 5:

  • The interest/profit payment will be done upon maturity.
  • You must have an active current account or savings account with the bank.
  • Upon maturity, the deposit amount along with the interest earned can be automatically renewed for the same tenure under prevailing board rates.
  • Partial withdrawal is not allowed.
  • No interest will be paid if you make a premature withdrawal after 1 January 2019.

Conclusion

Hurry and place funds in the deposit account of your choice before the promotion expires. Do not miss the opportunity to earn higher returns on the amount you deposit. Also, go through the terms and conditions carefully to avoid any sort of confusion.

FAQs

Q. Which are the participating “Banca” products for scheme 2?

A. The participating “Banca” products under Promotion 2 are:

  • Essential PremierLink (EPL).
  • Essential PrimeBuilder (EPB).
  • Prime VantageLife (PVL).

Q. Are the TD and investment accounts protected by Perbadanan Insurans Deposit Malaysia (PIDM)?

A. The funds placed in the TD account are protected by PIDM. However, the funds in the investment account are not insured by PIDM.

Q. Should I pay any fees and charges to invest in ASNB VP and Unit Trust?

A. Yes. You have to pay a sales charge of 5% when you invest in ASNB VP and 3% when you invest in UT.

Q. What is the maximum amount that can be placed in a TD Account?

A. You can place a maximum of RM5 million in a TD Account under the promotion.

Q. Can I withdraw funds from my TD account?

A. RHB Bank advises that you do not uplift/withdraw from the TD account before maturity. If you do so, you would not receive any interest on the deposit amount.

Q. What is the effective interest rate applicable to the FD account under Promotion 4?

A. The effective interest rate applicable to the FD account under promotion 4 varies from 3.98% p.a. to 4.15% p.a.

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