• RHB Fixed Deposit

    RHB Fixed Deposit allows you to earn higher returns on your deposit amount through competitive interest rates. The deposits are safe and are insured for up to RM250,000 under PIDM.

    RHB Fixed Deposit Interest Rates 2018

    The tables below details out the RHB Fixed Deposit Interest Rate of 2018.

    Ordinary Fixed Deposit – Tier 1

    Term Rate (%)
    1 to 2 months 3.20 p.a.
    3 to 5 months 3.25 p.a.
    6 months 3.30 p.a.
    7 to 11 months 3.30 p.a.
    12 months 3.35 p.a.
    13 to 17 months Negotiable
    18 to 35 months Negotiable
    36 to 47 months Negotiable
    48 months Negotiable
    49 to 60 months Negotiable

    Ordinary Fixed Deposit – Tier 2

    Term Rate (%)
    1 to 2 months 3.20 p.a.
    3 to 5 months 3.25 p.a.
    6 months 3.30 p.a.
    7 to 11 months 3.30 p.a.
    12 months 3.35 p.a.
    13 to 17 months Negotiable
    18 to 35 months Negotiable
    36 to 47 months Negotiable
    48 months Negotiable
    49 to 60 months Negotiable

    RHB Senior Fixed Deposit

    Term Rate (%)
    1 year 3.35 p.a.
    13 to 17 months Negotiable
    18 to 35 months Negotiable
    36 to 47 months Negotiable
    48 months Negotiable
    49 to 60 months Negotiable

    RHB P.A.Y.S. Fixed Deposit

    For a 3 months tenure, the rate of interest is 3.05% p.a.

    Types of RHB Fixed Deposit

    RHB Fixed Deposits are of the following types:

    • Ordinary Fixed Deposit – Tier 1: This fixed deposit scheme gives fixed returns and attractive interest rates for placement periods of 1 month to 60 months.
    • Ordinary Fixed Deposit – Tier 2: This scheme is for non-resident individuals or entities, and corporations or business enterprises. The scheme is also applicable to Aggregated FD placement exceeding RM1 million by permanent Malaysian citizens.
    • RHB Senior Fixed Deposit: This fixed deposit scheme is exclusively for senior citizens who are 50 years of age and above and are looking for safe and assured way of growing their money.
    • RHB P.A.Y.S. Fixed Deposit: This fixed deposit scheme allows you to enjoy earning interest on a monthly basis. For this, you do not have to withdraw your funds for a period of three months. You can open this scheme with an initial deposit of RM10,000.

    Benefits of RHB FD

    Following are the features and benefits of RHB Fixed Deposit:

    • The RHB Fixed Deposits Rate allows you to secure high returns with their attractive and competitive deposit rates.
    • The fixed deposits will renew the deposit amount automatically upon maturity.
    • The fixed deposits are offered at attractive interest rates for placement periods of 1 month to 60 months.
    • You need to be 50 years and above to open a Senior Fixed Deposit account to enjoy high interest rates on deposits. You can also get an overdraft facility of up to 100% of Fixed Deposit amount.
    • All your investments in fixed deposit accounts are PIDM protected.
    • For RHB P.A.Y.S. Fixed Deposit, you can get an overdraft facility of up to 100% of the fixed deposit amount.

    Eligibility criteria for RHB FD

    The following is the eligibility criteria to open a fixed deposit account with RHB Fixed Deposit Rate Bank:

    • You have to be over 18 years of age and above.
    • You have to be a Malaysian citizen or a permanent resident.
    • For RHB Senior Fixed Deposit scheme, you have to be 50 years and above. For joint account holders, one of the account holder must be aged 50 and above.
    • You need to put a minimum deposit of RM500 for a tenure of two months and above and RM5,000 for a tenure of one month.
    • If you are investing for the Senior Fixed Deposit scheme, you need to deposit a minimum of RM10,000.
    • Individuals, sole proprietorships, societies, firms, financial institutions, government institutions, and business enterprises are eligible to open the Ordinary Fixed Deposit account.
    • Business entities like private limited companies, sole proprietors or partnerships are eligible to open the RHB P.A.Y.S. Fixed Deposit account.

    Fees & Charges

    Description Fees & Charges (including GST)
    Loss of fixed deposit statement Service Charge RM2.12 per page

    RHB Fixed Deposit Promotion 2018

    Promotion 1:

    The bank has come up with a Term Deposit promotion where you have to place a minimum amount of RM10,000 in a Term Deposit account. In addition, you have to invest an amount more than or equal to TD in ASNB VP/Unit Trust on the same day to earn high-interest rates on your TD. The promotion is valid until 30 September 2018.

    The interest rates applicable based on the chosen investment account are 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) 18.88% p.a. 9.88% p.a.
    RM10,000 RM10,000 (Unit Trust) 15% p.a. 6% p.a.

    Promotion 2:

    Place a minimum of RM5,000 in a Fixed Deposit account and subscribe for one of the participating RHB Life Protection Plan on the same day to get returns of up to 7.88% p.a. The available deposit tenures are 3 months and 6 months. The amount placed in the deposit account must not exceed the annual first-year premium. The deposit must be placed in fresh funds only. The promotion is available until 30 September 2018.

    You need to keep in mind that one “Banca” product can be associated with only one FD account throughout the promotion period. The table below shows the promotional rates available for each deposit tenure:

    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 promotion provides different tenures, minimum deposit amount, and promotional rates based on the mode of application you choose—over-the-counter or RHB Now Internet Banking. You can get returns of up to 4.38% p.a. on the amount you deposit. For an over-the-counter placement, you can place up to RM10 million in the deposit account. When you open a deposit account online, the funds must be placed via FPX transactions only.

    The promotion is available until 30 September 2018. The table below gives you a better picture of the promotion:

    Participating Products Mode of Application Minimum Deposit Amount Deposit Tenure Promotional Rate
    FD/CMD-i Over-the-Counter RM10,000. 15 months. 4.38% p.a.
    FD/CMD-i Over-the-Counter RM10,000. 10 months. 4.25% p.a.
    e-FD/e-CMDi RHB Now Internet Banking via FPX Transfer RM5,000. 7 months. 4.10% p.a.
    RHB FD Promotion 2018

    How to open a RHB Fixed Deposit Rate Account

    You can follow any one of the following if you are willing to open RHB Fixed Deposit Rate Account:

    • Visit the nearest branch and request for opening the FD.
    • Go through the RHB website and complete the online form where a bank representative will contact you as soon as possible to help you with your query.

    Contact Number for RHB Bank

    The contact details are mentioned below:

    • Customer Care Centre numbers for all your banking services.
    • Overseas and West Malaysia: 03-9206 8118
    • East Malaysia: 082-276118

    FAQs

    Q. Is an early partial withdrawal allowed for Senior Fixed Deposit account-holders?

    A. Early partial withdrawal is allowed in multiples of RM1,000 and the balance of the Fixed Deposit must not be less than RM10,000.

    Q. What happens if I uplift the fixed deposit before its maturity?

    A. If you uplift the fixed deposit before its maturity, then:

    • No interest will be paid if the upliftment occurs before the completion of three months.
    • Interest will be paid based on 50% of the contracted rate on the completed months. This is based on the completion of at least three months from the date of placement.

    Q. Can I place fixed deposit for conventional product with my RHB Islamic account?

    A. You cannot place your conventional fixed deposit by using your Islamic account.

    Q. What happens if I want to renew my fixed deposit with different terms?

    A. All fixed deposits automatically get renewed upon maturity for the same tenure as the initial deposit. However, if you want to renew your fixed deposit with different terms, you will have to notify the bank in advance. The bank will inform you about the prevailing interest rate at that time.

    Q. What is the minimum amount required to open the RHB Senior Fixed Deposit account?

    A. A minimum of RM10,000 is required to open the Senior Fixed Deposit account.

    News About CIMB Fixed Deposits in Malaysia

    • RHB Bank Expects Loan Growth in 2018

      After a meeting with CGSCIMB Research, group CFO of RHB Bank, Tuan Syed Ahmad Taufik Albar said that he has a positive outlook towards 2018 terms of loan growth and overseas earnings.

      According to CGSCIMB Research firm, the bank is currently targeting 6% loan momentum this year as compared to 3.7% last year. The research firm further said that RHB Bank is hoping to see a good turnaround in overseas earnings after suffering heavy losses in the last couple of years.

      Furthermore, according to the estimates of the research firm, the hike in rates in January/February this year will lift RHB's net profit by 6% to 7% due to the change in pricing between the fixed deposit rates and the lending rates. However, the bank thinks that there would not be much impact given the ongoing fixed deposit campaign, which pays high rate of interest.

      BBazaar Malaysia

      29 March 2018

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