For instance, during promotional period, the interest rate for senior fixed deposit may go up to 2.35% per annum for a minimum deposit of RM 10,000. The interest rate may also different one from another. fixed deposit you need to prepare RM 10,000 as the minimum deposit while for ordinary fixed deposit, you only need RM 5,000 to open an account. All of these offer different features and requirements. You should know that RHB Bank offers three types of fixed deposit: ordinary fixed deposits, P.A.Y.S. The bank also applies the aforementioned tenure, similar terms and conditions, yet different interest rate and minimum deposit amount compared to other banks. RHB Bank, one of the prominent banks in Malaysia, also has its RHB Bank fixed deposit Malaysia. RHB Bank Fixed Deposit Malaysia TENUREĪll banks own their tenure, which typically ranges from 1-60 months. Early withdrawal may result in paying some penalty fees and even interest cancellation. In addition, by applying certain tenure, you should not withdraw the deposited money until the maturity date comes. Well, a fixed deposit is a kind of saving, yet due to a contracted tenure applied you can get a return with a higher interest rate, if compared to conventional saving account. Have you ever heard about fixed deposit as a type of easy investment? Some of you may have heard about it, but some others haven’t, so it is crucial for us to help you understand what fixed deposit is.
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