Starting from 17th August 2009, Maybank launch a special campaign for Conventional Fixed Deposit. Individual who placed a conventional Fixed Deposit during this campaign period will enjoy double bonus on Fixed Deposit Rate.
What is a Fixed Deposit? In Conventional Banking, a Fixed Deposit (FD) is a special type of savings account that pays a certain amount of interest for a specific sum. Islamic Fixed Deposit-i: 1 month: RM5,000: Maturity: 2 - 12 months: RM1,000: Maturity: 13 - 60 months: RM1,000: 6 months: Interest / Profit: Add to principal or credit to account Instruction on maturity: Auto-renewal or credit to account or banker's cheque.
The first bonus is, individual who make 1, 2 or 3 months Fixed Deposit will we reward with high interest rates & the second bonus is the higher interest rates will be maintain on the next renewal. To participate in this promotion individual must be make a Fixed Deposit with minimum of RM20,000.00 at any Maybank Branch nationwide or through Maybank2U internet banking via eFixed Deposit.
Below are some of the points that you have to take note if participating in this promotion.
Maybank Fixed Deposit Interest Rate, Maybank Fixed Deposit is a facility that comes with a wide range of tenures and convenient modes of a transaction and allows you to earn returns on your deposit amount through competitive rates.
The interest rates associated with the Maybank Fixed Deposit are mentioned in the table below:
Tenure (in Months) | Interest Rate (% p.a.) |
---|---|
1 | 3.15 |
2 | 3.15 |
3 | 3.20 |
4 | 3.20 |
5 | 3.20 |
6 | 3.30 |
7 | 3.30 |
8 | 3.30 |
9 | 3.30 |
10 | 3.30 |
11 | 3.30 |
12-24 | 3.35 |
36 | 3.40 |
48 | 3.50 |
60 | 3.60 |
The following are the 2 types of Maybank Fixed Deposit available for customers:
The features and benefits associated with Maybank Fixed Deposit are as follows:
Maybank Privilege, Maybank Private, and Maybank Premier customers can get the benefits of Chinese New Year FD Campaign when the minimum sum is placed in a Conventional Fixed Deposit account. A Maybank Privilege customer can get a promotional rate of 4.00% p.a. when a minimum sum of RM100,000 is deposited in fresh funds. The deposit must be maintained for a period of 6 months. The campaign also allows you to deposit rollover funds. You can get a promotional rate of 3.90% p.a. on rollover funds.
If you are a Maybank Private or Maybank Premier account holder, you have to make a minimum deposit of RM250,000. The deposit must be maintained for 12 months to get the promotional benefits. You can get a promotional rate of 4.28% p.a. if the deposit is made using fresh funds. On the other hand, you will get a rate of 4.18% p.a. if rollover funds are used.
The promotion is valid from 2 January 2019 until 28 February 2019.
Participating Product | Account Type | Minimum Deposit Amount | FD Tenure | Promotional Rate for Fresh Funds | Promotional Rate for Rollover Funds |
---|---|---|---|---|---|
Conventional FD | Maybank Privilege | RM100,000 | 6 months | 4.00% p.a. | 4.28% p.a. |
Maybank Private and Maybank Premier | RM250,000 | 12 months | 3.90% p.a. | 4.18% p.a. |
You can contact the bank with the request of Maybank Fixed Deposit via its customer service numbers. You can also visit the nearest Maybank branch in order to apply for the Maybank Fixed Deposit.
You can call the customer service and hotline numbers of Maybank: 1-300 88 6688 and 603-7844 3696 (overseas) for further information regarding Maybank Fixed Deposit.
Q. Can I make a premature withdrawal with Maybank Fixed Deposit?
A. You are allowed to make a premature withdrawal with your Fixed Deposit Account, but the same is not allowed for eFixed Deposit.
Q. What is the minimum range of tenures with Maybank Fixed Deposit?
A. The tenures available with Maybank Fixed Deposit range from 1 month to 60 months.
Q. Can I open a Maybank Fixed Deposit with my spouse on a joint basis?
A. Yes, you can open a Maybank Fixed Deposit on a joint basis.
Q. How is the interest calculated with eFixed Deposit scheme?
A. The interest under eFixed Deposit is calculated on a daily basis.
Q. What if I fully withdraw the amount before the maturity with a 2-month Maybank Fixed Deposit?
A. The bank shall not give any interest on the amount with tenures of 1 to 3 months if the facility doesn’t reach its maturity.