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 2019

The tables below details out the RHB Fixed Deposit Interest Rate of 2019.

Ordinary Fixed Deposit – Tier 1

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

Ordinary Fixed Deposit – Tier 2

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

RHB Senior Fixed Deposit

Tenure (in Months) Rate (% p.a.)
12 3.35
13 to 17 Negotiable
18 to 35 Negotiable
36 to 47 Negotiable
48 Negotiable
49 to 60 Negotiable

RHB P.A.Y.S. Fixed Deposit

Tenure (in Months) Rate (% p.a.)
3 3.25

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.

Feature & 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 2019

Promotion 1: 

Enjoy a promotional rate of 4.25% p.a. when you make a minimum deposit of RM10,000 in a Commodity Murabahah Deposit-i (CMD-i) Account. The deposit must be made in new funds only. The deposit must be made over the counter only to qualify for the promotion. The profit got from the promotion will be credited to your CASA/-i upon maturity. The campaign is valid from 3 January 2019 until 28 February 2019

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate
Commodity Murabahah Deposit-i RM10,000 5 months 4.25% p.a.

Promotion 2: 

Open an e-Commodity Murabahah Deposit-i (e-CMD-i) account with the bank via the RHB Now Internet Banking platform. A minimum of RM5,000 must be transferred from another bank’s account via Financial Process Exchanges (FPX) to the e-CMDi account. Place the deposit for 3 months to earn a high promotional rate of 4.00% p.a. The offer is not valid when you make an over-the-counter deposit. 

A maximum of RM30,000 can be sent per transaction via FPX. The interest/profit will be paid upon maturity to your designated CASA/-i. You can get the benefits of the promotion from 12 November 2018 until 31 March 2019

Participating Products Minimum Deposit Amount Deposit Tenure Promotional Rate
e-Commodity Murabahah Deposit-i (e-CMDi) RM5,000 3 months 4.00% p.a.

RHB FD Promotion 2019

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 RHB Bank 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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