Fixed Deposit Rates for Individuals
RHB Bank offers a range of fixed deposit rates for individuals, depending on the deposit amount and tenure. The following table shows the current rates as of [date]:
| Deposit Amount (RM) | Tenure (Months) | Interest Rate (%) |
|---|---|---|
| 1,000 – 99,999 | 3 months | 3.30 |
| 1,000 – 99,999 | 6 months | 3.35 |
| 1,000 – 99,999 | 12 months | 3.40 |
| 1,000 – 499,999 | 18 months | 3.45 |
| 1,000 – 999,999 | 24 months | 3.50 |
| 1,000,000 and above | 24 months | 3.55 |
Fixed Deposit Rates for Businesses
RHB Bank also offers fixed deposit rates for businesses. The following table shows the current rates as of [date]:
| Deposit Amount (RM) | Tenure (Months) | Interest Rate (%) |
|---|---|---|
| 100,000 – 499,999 | 3 months | 3.10 |
| 100,000 – 499,999 | 6 months | 3.15 |
| 100,000 – 499,999 | 12 months | 3.20 |
| 500,000 – 999,999 | 18 months | 3.25 |
| 1,000,000 and above | 24 months | 3.30 |
Benefits of a Fixed Deposit
- Guaranteed return: The interest rate on a fixed deposit is fixed for the entire tenure, so you know exactly how much you will earn. This can provide peace of mind, especially in volatile market conditions.
- Low risk: Fixed deposits are considered a low-risk investment, as they are backed by the government of Malaysia. This makes them a good option for investors who are looking for a safe place to park their money.
- Flexible tenures: Fixed deposits offer a range of tenures, from 3 months to 24 months. This allows you to choose the term that best suits your needs.
- Early withdrawal option: RHB Bank offers an early withdrawal option on its fixed deposits. However, there is a penalty fee for early withdrawal.
How to Open a Fixed Deposit
Opening a fixed deposit is easy. You can visit any RHB Bank branch or apply online. You will need to provide the following information:
- Your personal details
- Your deposit amount
- The tenure of your deposit
- The interest rate you want to earn
Conclusion
RHB Bank offers a range of fixed deposit rates for individuals and businesses. Fixed deposits are a safe and low-risk way to invest your money, and they offer a guaranteed return. If you are looking for a place to park your money, a fixed deposit may be a good option for you.
FAQs
1. What is the minimum deposit amount for a fixed deposit?
The minimum deposit amount for a fixed deposit is RM1,000.
2. What is the maximum deposit amount for a fixed deposit?
There is no maximum deposit amount for a fixed deposit.
3. What is the minimum tenure for a fixed deposit?
The minimum tenure for a fixed deposit is 3 months.
4. What is the maximum tenure for a fixed deposit?
The maximum tenure for a fixed deposit is 24 months.
5. Can I withdraw my money before the end of the tenure?
Yes, you can withdraw your money before the end of the tenure. However, there is a penalty fee for early withdrawal.
6. How do I open a fixed deposit?
You can open a fixed deposit by visiting any RHB Bank branch or applying online.
7. What are the benefits of a fixed deposit?
The benefits of a fixed deposit include a guaranteed return, low risk, flexible tenures, and an early withdrawal option.
8. Are fixed deposits insured by the government?
Yes, fixed deposits are insured by the government of Malaysia up to RM250,000.
