Fixed Deposit Promotion 2020
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Fixed Deposits (FD) are a financial instrument from banks providing FD holders with higher returns than a normal savings/checking account.Updated: Feb 12, 2021Subscribe on YouTubeFixed DepositsFD rates in Malaysia are around 2% (affected by FD promotions) and determined by the individual bank. What Is A Fixed Deposit Account? A Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. In many western countries, FD is also known as term deposit or time deposit. The only account you need to get going in life. Fixed Deposit – Singapore Dollar & Foreign Currency. Save a fixed amount of money in Singapore Dollars and Foreign Currencies at a fixed interest rate. ©2020 DBS Bank Ltd.
Fixed Deposit Promotion 2020
Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of assurance that your money will always be there
Note: Terms & conditions apply for the following promotions. Be sure to read in detail before going in for it.
Fixed Deposit Promotion 2020 March
In a heavily summarised definition:
- Fixed / Time deposits require you to place funds (usually fresh funds) in a account for a specified amount of time
- Incremental balance promotions require you to increase your average balance of your account from a defined period with fresh funds.
- Fresh funds refer to funds transferred from accounts outside the bank. Over-the-counter or machine cash deposits are usually fine too but do take note banks may charge for large cash deposits
New promotions are added to the bottom of the list
- Singapore Savings Bonds – Government Security; High p.a.; Min $500; Requires free CDP account; No penalty for early withdrawal; Interest payments every 6 months after issuance
- Maybank: Earn up to 1.0% p.a. with their latest time deposit rates from 2 October 2020**BEST for funds up to $1m**
- HSBC offers 1.10% p.a. for 24-mth Singapore Dollar Time Deposits (as of 2 Oct 2020)**BEST for funds up to $49,999**
- Singapore Savings Bond (SSB): Earn up to 0.97% p.a. in the latest bond – Apply by 23 Feb**BEST for lowest risk deposit up to $200,000**
Last updated 7 Feb 2021. Click these links for latest Fixed Deposit or Time Deposit Promo
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| Promotion Period | Tenure | Rate | Minimum Placement Amount | Maximum Placement Amount |
|---|---|---|---|---|
| 8 January 2021 – 31 March 2021 | 3 months | 2.30% p.a. | RM10,000 | RM2,000,000 |
| 6 months | 2.35% p.a. | |||
| 12 months | 2.30% p.a. |
How to place eFixed Deposit/eFixed Deposit-i on Connect Online Banking?
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Fixed Deposit Promotion 2020 April
Terms and conditions apply. The maximum deposit amount per transaction via FPX transfer is RM200,000, subject to such prescribed maximum amount/limit of transfer in the Customers’ individual internet banking maintained with the relevant bank.
Fixed Deposit Promotion 2020 Dbs
Picture shown is for illustration purposes only.
Fixed Deposit Promotion 2020 Maybank
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.