May Fixed Deposit Rates Update - 1.10% p.a. now

Last month I had a post on the highest Fixed Deposit interest rates on offer in the market.   ICICI Bank offered the highest 1.2% p.a for 12 months tenure for placement sum $50,001.  That promotion was over and ICICI's interest rate has dropped to 0.95% p.a. for the same tenure months and placement sum.

The highest interest rate in the market now is 1.10% p.a., offered by 3 banks.

1. CIMB Bank

The promotional interest rate now is 1.10% p.a. for 12 months tenure.  Minimum placement sum $25,000.

2. RHB Bank

The bank has a FD promotion, which it called "Ground Shattering Interest Rate" - 1.10% p.a. for 12 months tenure.  Minimum placement sum $50,000.

(I do not feel any ground shattering effect here......)


3. Maybank

Maybank's FD promotion is still on.  However, the minimum placement sum has increased from $25,000 to $60,000.


No. BANK PLACEMENT SUM $ TENURE months INTEREST % P.A.
1
CIMB Bank
25,000
12
1.10
2
RHB Bank
50,000
12
1.10
3
Maybank
60,000
12
1.10
Related post:
Maybank Fixed Deposit


Please let me know if there is better offer in the market.


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