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Alliance Bank Malaysia Step-Up Fixed Deposit

 

Alliance Bank Logo

Min. Deposit
RM50,000

Interest Rate
up to 4.15%

Review on Alliance Bank Fixed Deposit

Pros
High FD interest rate

Cons
Limited time promotion
High min. deposit
Monthly step-up interest rate with short tenure

 

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Details

Month Interest
1 1 4.10% p.a.
2 2 4.15% p.a.
3 3 4.20% p.a.
Average   4.15% p.a.

Step up rate of 0.05% p.a. starting from 4.10% p.a. in the first cycle to 4.20% p.a. in the third cycle for a 3-Month Step-Up Fixed Deposit (Until 30 Jun 2019)

The average effective interest rate is 4.15% p.a.

Only applicable for placement of Fresh Funds

Minimum total placement per customer is at RM50,000 and maximum total placement per customer is at RM3 million

Reecive interest on a monthly basis

Options for higher interest of up to 5.55% p.a. if fixed deposit placed together with additional deposit earmark for current account or savings account (CASA) and / or with wealth management products

 

Click here to go to Alliance Bank's website for more details

 

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