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Commercial Banking > Deposits > Fixed Deposit / Investment Accounts
Conventional Fixed Deposit (FD)  

Save a fixed amount of money in Ringgit for a fixed period at a fixed interest rate.

Features and Benefits:

Partial withdrawal feature is not available.
If you make full withdrawal before maturity, no interest will be paid on any 1-month, 2-month and/or above deposit that has not completed the full tenure.

Terms and Conditions Apply

Eligibility:

All business enterprises and corporations

Requirement:

Minimum initial deposit of RM5,000 for 1 month.
Minimum initial deposit of RM1,000 for 2 months and above.
Document Required :
Partnership
i)Original Identity Cards of Partners.
ii)Original Business Reg. Form A or B + D.
iii)Bank’s Partnership Mandate Form.
iv)Obtain photocopies of Identity Cards of all Partners & Business Reg. Forms.
Clubs/Associations/Societies and Mosques & Other Religious Bodies.
Certified copy of :
i)Resolution of Committee Members authorising opening of account & list of authorised signatories.
ii)Authority letter for Clubs/Societies.
iii)Rules & Regulations of Clubs/ Associations including by-laws.
iv)Obtain photocopies of Identity Cards of all authorised signatories.
Limited Companies (Sdn Bhd).
Certified copy of :
i)Resolution from Board of Directors (signed/certified by Co. Sec.) to open account & list of authorised signatories.
ii)Form 24-Return of Allotment of Shares.
iii)Form 49-Particulars of Directors.
iv)Memorandum & Articles of Association - Certificate of Incorporation.
v)Certificate of Authority (for Public Ltd. Co. only).
vi)Obtain photocopies of Identity Cards of all authorised signatories.
Executors & Administrators
i)Grant of Probate (Executors)/Letter of Administration (Administrators).
ii)Identification documents of Executors & Administrators.
Government & Local Authorities
i)Letter of authority from Federal / State Government department or local authority to open account & list of authorised signatories including their specimen signatures.
ii)Obtain photocopies of Identity Cards of all authorised signatories.
Representative Office Account.
Certified copy of :
i)Resolution from the Rep. Office’s Head Office to set up office and open account.
ii)Letter from Rep. Office’s Head Office bankers (overseas) certifying resolution & existence of Head Office.
iii)Letter of approval from the relevant local authority to set up office in Malaysia.
iv)Obtain photocopies of Identity Cards/ Passports of all authorised signatories.
Private Schools/Colleges.
Certified copy of :
i)Resolution of Board of Directors to open account and list of authorised signatories - Form 24- Return of Allotment of Shares.
ii)Form 49-Particulars of Directors.
iii)Memorandum & Articles of Association.
Government Schools
i)Request letter to open account issued by the State Education Department.
ii)Certified copy of Board of Governors’ resolution to open account & list of authorised signatories.
iii)Obtain photocopies of Identity Cards of all authorised signatories.
Joint Venture Account.
Certified copy of :
i)Resolutions from all JV partners to open account & list of authorised signatories.
ii)Joint venture agreement.
iii)Memorandum & Articles of Association of all JV partners (local or foreign).
iv)Form 24-Return of Allotment of Shares.
v)Form 49-Particulars of Directors.
vi)In the case of foreign company, a letter from the foreign company’s bankers certifying the resolution, memorandum & existence of company.
vii)Obtain photocopies of Identity Cards/ Passports of all authorised signatories.

Terms and Conditions Apply



Tier 1 (Effective from 16/07/2014)
Balance
Rates (% p.a)
1 month 3.25
2 months 3.25
3 months 3.30
4 months 3.30
5 months 3.30
6 months 3.35
7 months 3.35
8 months 3.35
9 months 3.35
10 months 3.35
11 months 3.35
12 months 3.40
13 - 14 months 3.15
15 - 17 months 3.00
18 - 23 months 3.00
24 - 35 months 2.95
36 - 47 months 3.00
48 - 59 months 3.05
60 months 3.15
   


Tier 2 (Effective from 16/07/2014)
Balance
Rates (% p.a)
1 month 3.20
2 months 3.20
3 months 3.25
4 months 3.25
5 months 3.25
6 months 3.30
7 months 3.30
8 months 3.30
9 months 3.30
10 months 3.30
11 months 3.30
12 months 3.30
13 - 14 months 3.15
15 - 17 months 3.00
18 - 23 months 3.00
24 - 35 months 2.95
36 - 47 months 3.00
48 - 59 months 3.05
60 months 3.15
   


Products/Items
Charges
1 Reproduction of Statements for Fixed Deposit Account for period up to 1 year RM10 (upfront)
RM2 (additional page)
2 Reproduction of Statements for Fixed Deposit Account for period exceeding 1 year RM30 (upfront)
RM2 (additional page)
3 Withdrawal of FD; payment by Issuance of Local Demand Draft No commission.
4 Withdrawal of FD; to be credited to customer's account at branches within the same clearing zone No charge.
5 Withdrawal of FD; to be credited to customer's account at Branches not within the same clearing zone No commission.
6 Withdrawal via Banker’s Cheque RM0.15 on stamp duty charges
7 Fixed Deposits under Lien (charged only once if renewal/placement is for the same purpose  the FD was assigned) RM15 per receipt.
     





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