• Best Fixed Deposit Accounts for Senior Citizens

    Listed below are 7 of the best fixed deposit investments for senior citizens in Malaysia. Senior citizens have limited options when it comes to earning a fixed interest income, but this list contains details about the best investments currently available to seniors in Malaysia. Fixed deposit accounts are safe and surefire ways to increase one’s personal wealth over time, keeping in mind the volatility of equity markets and investments of similar amounts in different avenues. An investment tenure of 5 years usually gets the best rate of interest. Although it may be a long wait, the reward is worth it.

    CIMB Big Plus for 50 Plus

    1. Plan: CIMB Big Plus 50 for 50 Plus.
    2. Eligibility:
      • Minimum Age: 50 years old.
      • Savings Account required:CIMB Senior Savings Account.
    3. Minimum Deposit: RM1,000.
    4. Fees & Charges:
      • Loss of Fixed Deposit Certificate: Service charge of RM10.
      • Request for Additional Statement: RM2 per document.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    1 month RM 5,000 and above 3.15% p.a.
    3 months RM 1,000 and above 3.3% p.a.
    6 months RM 1,000 and above 3.4% p.a.
    9 months RM 1,000 and above 3.5% p.a.
    12 months RM 1,000 and above 3.7% p.a.
    60 months RM 1,000 and above 4.2% p.a.

    BSN Senior Citizen Fixed Deposit Account

    1. Plan: BSN Senior Citizen Fixed Deposit Account
    2. Eligibility:
      • Minimum Age: 50 years old.
      • Minimum Deposit: RM5,000.
    3. Fees & Charges:
      • Loss of Fixed Deposit Certificate: Service charge of RM5.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    12 months RM 5,000 to RM50,000 3.4% p.a.
    60 months RM 5,000 to RM50,000 3.95% p.a.

    AmBank Am50 Plus

    1. Plan: AmBank Am50 Plus.
    2. Eligibility:
      • Minimum Age: 49 years old.
    3. Current Account required: Either one of:
      • AmBank AmStar Current Account.
      • AmBank AmStar Extreme Current Account.
      • AmBank Basic Current Account.
    4. Savings Account required: Either one of:
      • AmBank AmGenius.
      • AmBank Basic Savings Account.
      • AmBank Everyday Savings Account.
    5. Minimum Deposit: RM5,000.
    6. Fees & Charges:
      • Loss of Fixed Deposit Certificate: Service charge of RM5.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    6 months RM 5,000 and above 3.3% p.a.
    9 months RM 10,000 and above 4.1% p.a.
    12 months RM 5,000 and above 3.4% p.a.
    60 months RM 5,000 and above 3.6% p.a.

    RHB Senior Fixed Deposit

    1. Plan: RHB Senior Fixed Deposit.
    2. Eligibility:
      • Minimum Age: 50 years old.
      • Minimum Deposit: RM10,000.
    3. Fees & Charges:
      • Request for Additional Statement: RM2 per document.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    12 months RM 10,000 and above 3.45% p.a.
    60 months RM 10,000 and above 3.6% p.a.

    Public Bank PB Golden 50 PLUS FD Account

    1. Plan: Public Bank PB Golden 50 PLUS FD Account.
    2. Eligibility:
      • Minimum Age: 50 years old.
      • Public Bank Basic Current Account.
      • Public Bank PLUS Current Account.
      • Public Bank Basic 55 Current Account.
    3. Minimum Deposit: RM10,000.
    4. Fees & Charges:
      • Loss of Fixed Deposit CertificateService charge of RM5.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    1 month RM 30,000 and above 3.25% p.a.
    3 months RM 30,000 and above 3.3% p.a.
    6 months RM 30,000 and above 3.4% p.a.
    9 months RM 30,000 and above 3.4% p.a.
    12 months RM 30,000 and above 3.45% p.a.
    60 months RM 10,000 and above 3.45% p.a.

    Alliance FD Gold

    1. Plan: Alliance FD Gold.
    2. Eligibility:
      • Minimum Age: 40 years old.
      • Minimum Deposit: RM30,000.
    3. Fees & Charges:
      • Loss of Fixed Deposit Certificate:Service charge of RM5.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    12 months RM 30,000 and above 3.4% p.a.
    60 months RM 30,000 and above Negotiable

    MBSB Fixed Deposit for 49’ners Club

    1. Plan: MBSB Fixed Deposit for 49’ners Club
    2. Eligibility:
      • Minimum Age: 49 years old.
      • Minimum Deposit: RM1,000.
    3. Fees & Charges:
      • Loss of Fixed Deposit Certificate: Service charge of RM5.
      • 6% GST applicable on all above charges.

    Interest rate table

    Deposit tenure Deposit amount Interest rate
    1 month RM 1,000 and above 3.4% p.a.
    3 months RM 1,000 and above 3.45% p.a.
    6 months RM 1,000 and above 3.55% p.a.
    9 months RM 1,000 and above 3.65% p.a.
    12 months RM 1,000 and above 3.75% p.a.
    60 months RM 1,000 and above 4.4% p.a.

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