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Best performing funds in Malaysia for fixed deposits-2022

What are the best fixed deposits in Malaysia? This is one of the most common questions we hear from Malaysians who want a stable and safe form of savings. With its combination of zero risk, guaranteed returns and the flexibility to choose the term of deposit, many people use fixed deposits as a reliable form of short to medium term savings.
Most time deposit accounts in Malaysia are also regulated by Perbadanan Insurans Deposit Malaysia (PIDM), which protects your investments in the event of a member bank failure. Therefore, the main considerations when determining which time deposit account to deposit your money into should be the interest rate, the minimum deposit amount, and whether they are protected by the PIDM.
Here are the funds that performed more consistently in November

Bank Effective Rate (% p.a.) Minimum Deposit Maximum Deposit Tenure Promotion Period
Affin Bank
(Affin Banca Deposit campaign – requires customers to purchase bancasurrance products)
– 9.88 or 19.88 (1 month)

– 5.88 or 11.88 (3 months)

RM10,000 or RM50,000 (depending on banca product) N/A – 1 month

– 3 months

7 Sept – 31 Dec 2022
Alliance Bank
(Investment & FD Bundle campaign – requires customers to invest in selected unit trust products)
– 7.00 RM1,000 – Up to one time of invested unit trust amount 3 months 1 Oct 2022 – 31 Mar 2023
Alliance Bank
(Bancassurance & FD Bundle campaign – requires customers to purchase selected bancassurance products)
– 8.00 (products with minimum annualised premium of RM50,000)

– 6.00 (products with minimum annualised premium of RM10,000)

RM1,000 – Up to one time of annualised premium amount of purchased product 6 months 1 Oct 2022 – 31 Mar 2023
Alliance Bank
(New Investor Campaign – unit trust and FD bundle)
9.00 RM1,000 Up to one time of the invested unit trust amount 3 months 1 Oct 2022 – 31 Mar 2023
Alliance Bank
(Cooler Cashback e-FD – requires customers to set up mobile banking)
3.40 RM1,000 RM100,000 12 months 1 Oct – 30 Nov 2022
AmBank
(FD/CASA bundle promo – requires customers to deposit in their current/savings account-i as well)
– 4.60 (Individual customers & AmBank SIGNATURE Priority Banking customers (AmStar Current Account/-i))

– 4.65 (AmWafeeq Savings Account-i accountholders)

– 4.75 (AmBank SIGNATURE Priority Banking customers (AmStar Current Account/-i))

RM10,000 – RM1 million (Individual and all AmBank SIGNATURE Priority Banking customers)

– No capping (AmWafeeq Savings Account-i accountholders)

6 months 18 July – 5 Nov 2022
Bank Islam
(MaxCash and TDT Extra campaign – requires customers to also deposit into Al-Awfar account)
TDT Extra campaign
– 4.00 (6 months)
– 4.20 (12 months)
– 4.40 (18 months)

MaxCash campaign
– 4.35 (3 months)
– 5.70 (6 months)

TDT Extra campaign
– RM10,000

MaxCash campaign
– RM7,000

N/A TDT Extra campaign
– 6 months
– 12 months
– 18 months

MaxCash campaign
– 3 months
– 6 months

20 Oct – 31 Dec 2022
Bank Muamalat
(FTA-i BIG Fleksi Mega Campaign – at branch counters only)
4.00 RM5,000 RM300 million 3 months 1 Nov 2022 – 31 Jan 2023
CIMB Bank
(CIMB eFixed Return Income Account-i promo)
– 2.65 (3 months)

– 3.05 (6 months)

– 3.30 (12 months)

RM5,000 N/A – 3 months

– 6 months

– 12 months

13 Oct – 3 Nov 2022
CIMB Bank
(FRIA-i Bundle CASA-i campaign – requires customers to deposit into current/savings account as well)
4.08 RM10,000 RM1 million 6 months 20 Sept – 31 Dec 2022
CIMB Bank
(TIA-i campaign)
– 2.85 (3 months)

– 3.40 (6 months)

– 3.70 (12 months)

RM10,000 N/A – 3  months

– 6 months

– 12 months

19 Oct – 8 Nov 2022
Hong Leong Bank
(eFixed Deposit/-i promotion)
– 3.00 (3 months)

– 3.30 (6 months)

– 3.50 (12 months)

– 3.60 (18 and 24 months)

RM10,000 RM200,000 – 3  months

– 6 months

– 12 months

– 18 months

– 24 months

29 Oct 2022 – 4 Jan 2023
HSBC Bank
(Time Deposit Special Rate – only for new HSBC Premier Everyday Global Account customers)
– 2.95 (RM200,000)

– 3.00 (RM500,000)

– 3.10 (RM1 million)

– RM200,000

– RM500,000

– RM1 million

N/A 6 months 19 Sept – 11 Nov 2022
Maybank
(Fixed Deposit Combo campaign – requires customers to also deposit into current/savings account)
3.50 – RM9,000 (Kawanku Savings Account & Golden Savers Savings Account)

– RM49,500 (Maybank2u Premier, Premier 1 Account, and Premier Savings Account)

N/A 3 months 18 Oct – 31 Dec 2022
MBSB Bank
(Term Deposit-i Booster campaign – customers can choose to either bundle with current/savings account, or not)
Bundle with CASA
Bundle A (70:30)
– 4.83 (6 months)
– 5.05 (9 months)
– 5.55 (12 months)
– 5.69 (15 months)
– 5.76 (18 months)

Bundle B (65:35)
– 5.20 (6 months)
– 5.43 (9 months)
– 5.90 (12 months)

No bundle
– 3.30 (6 months)
– 3.40 (9 months)
– 3.65 (12 months)
– 3.67 (15 months)
– 3.70 (18 months)

RM5,000 N/A – 6 months

– 9 months

– 12 months

– 15 months

– 18 months

1 Sept – 31 Dec 2022
Public Bank
(PB RCB Special FD/TD-i campaign – for Red Carpet Banking customers only)
RCB Elite
– 2.80 (3 months)
– 3.10 (6 months)
– 3.20 (9 months)
– 3.30 (12 months)

RCB Gold
– 2.75 (3 months)
– 3.05 (6 months)
– 3.15 (9 months)
– 3.25 (12 months)

RM10,000 RM10 million – 3 months

– 6 months

– 9 months

– 12 months

1 Sept – 31 Dec 2022
Public Bank
(PB eFD via FPX campaign)
– 2.75 (3 months)

– 3.05 (6 months)

– 3.15 (9 months)

– 3.25 (12 months)

RM5,000 RM2 million – 3 months

– 6 months

– 9 months

– 12 months

1 Sept – 31 Dec 2022
Public Bank
(PB Special Fixed Deposit campaign)
PB Golden 50 PLUS Fixed Deposit Account
– 2.75 (3 months)
– 3.05 (6 months)
– 3.15 (9 months)
– 3.25 (12 months)

PLUS Fixed Deposit
– 2.70 (3 months)
– 3.00 (6 months)
– 3.10 (9 months)
– 3.20 (12 months)

RM5,000 RM10 million – 3 months

– 6 months

– 9 months

– 12 months

1 Sept – 31 Dec 2022
Public Bank
(RCB Birthday Monthly Privileges campaign)
RCB Gold
– 2.80 (3 months)
– 3.10 (6 months)
– 3.20 (9 months)
– 3.30 (12 months)

RCB Elite
– 2.85 (3 months)
– 3.15 (6 months)
– 3.25 (9 months)
– 3.35 (12 months)

– RM50,000 (RCB Gold)

– RM100,000 (RCB Elite)

– RM300,000 (RCB Gold)

– RM500,000 (RCB Elite)

– 3 months

– 6 months

– 9 months

– 12 months

1 Sept – 31 Dec 2022
RHB Bank
(UT/ASNB Term Deposit campaign – requires customers to also invest in selected unit trust funds or ASNB Variable Price)
Unit trust funds
– 14.50 (1 month)
– 6.70 (3 months)
– 4.50 (6 months)

ASNB Variable Price
– 8.70 (1 month)
– 4.80 (3 months)
– 3.70 (6 months)

Unit trust funds
– RM30,000

ASNB Variable Price
– RM10,000

N/A – 1 month

– 3 months

– 6 months

1 Oct – 31 Dec 2022
Published inFund Investment

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