Affin Bank Fixed Deposit
The Affin Bank Fixed Deposit plan allows you to grow your savings with just RM500; one of the banks with the lowest point of entry for an FD account. It also offers an attractive 3.90% interest. The interest on all Affin Bank’s home loans are calculated on a daily rest basis. Outside of the My First Home Scheme, Affin Bank can provide a margin of financing up to 95% - 90% financing and an extra 5% to finance your MRTA policy. To be eligible, you have to choose an MRTA policy from AXA Insurance. Applicants may borrow for a maximum.
- Affin Bank Fixed Deposit Rate November 2020
- Affin Bank Fixed Deposit
- Affin Bank Fixed Deposit Campaign
- Affin Bank Moratorium
- Affin Bank Fixed Deposit Rate 2020
For general savings
BSN Term Deposit
AFFIN INVIKTA TM. Venturing into a New Banking Horizon. AFFIN AVANCE TM. Explore Endless Possibilities. Save Deposit Accounts. Spend Credit & Debit Cards. Loan Vehicle & Property Loans.
Minimum deposit: RM500 Interest rates: [table id=1448 /]*source: BSN
Bank Simpanan Nasional offers an attractive alternative to Bank Islam by providing better rates in the medium term. This can potentially benefit those who are not looking to tie up their funds for four to five years, and would instead be looking at a shorter savings period. The BSN Term Deposit-i is also available. This provides a Shariah-compliant alternative for Muslims.Bank Islam Term Deposit-i (Tawarruq)
Minimum: RM500 Profit rates: [table id=1188 /]*source: Bank Islam
Based on the principle of Tawarruq, where the commodities are traded in order to generate profit, the Bank Islam Term Deposit-i offers some of the best profit rates in Malaysia. This is particularly noticeable due to the low minimum deposit. The underlying assets being traded here are mainly precious metals, excluding gold and silver. However, it also trades in palm oil and other commodities that are shariah compliant. As a shariah compliant product, this is especially suitable for muslims. However, Bank Islam accepts customers of all religions; and this is a fixed deposit solution that should be considered by all Malaysians.For the low ballers
Affin Bank Fixed Deposit
Minimum deposit: RM500 (for two months and above) Interest rates: [table id=1190 /]*source: Affin Bank
The Affin Bank Fixed Deposit plan allows you to grow your savings with just RM500; one of the banks with the lowest point of entry for an FD account. It also offers an attractive 3.90% interest rate per annum for a tenure of 12 months. Longer tenures - of up to 60 months - offer interest rates of up to 4.15%. Even if you are not a low-baller, this makes an attractive rate for general savings too. The low minimum deposit caters to lower income groups that may struggle to get started with other banks.For the kids
BSN Term Deposit
This is the most flexible FD available, with tenures lasting as little as 1 month and a minimum deposit as low as RM500. With the account allowing for individuals as young as 12 years old, the variable tenures allow parents to set the FD maturity date for milestones in their children’s life. Shorter-term tenures could be used for schooling supplies, while longer terms could be used as graduation presents or to prepare for tertiary education. The low minimum deposit helps with less affluent families aspiring to send their children off to study at local universities. Refer to the previous section for interest rates.For senior citizens
CIMB Golden Time Deposit 2 (Big Plus for 50 Plus)
Affin Bank Fixed Deposit Rate November 2020
Minimum deposit: RM30,000 Interest rates: [table id=1449 /]*sources: CIMB
This option is attractive due to the flexibility in withdrawals. Customers can opt to withdraw their savings (in amounts of RM1,000); although there is a minimum balance of RM30,000 required to maintain the account. Flexible withdrawals may be of benefit for those who may need emergency funds to cover unforeseen medical bills or expenses during retirement. However, this comes at the cost of lower interest rates; which could lead to lower returns if you don’t exercise discipline while saving.Affin Bank Fixed Deposit
BSN Term Deposit Senior Citizen
Minimum deposit: RM5,000 Interest rate: [table id=1192 /] *source: BSN Bank Simpanan Nasional offers better interest rates than Public Bank, although it doesn’t offer the same discounts. The other difference is that interest payments are made every four months; which is roughly every quarter year. However, account holders must open a BSN Giro account in order to receive the payments. The BSN Senior Citizen term deposit can also be used as collateral for select financial products from the bank. These include credit cards, micro-financing, mortgages, and hire purchase loans. In all, this makes it an attractive solution for those facing retirement and would still like to have financing options open. The above are some of the best FDs offered in mid-2020. Compare and decide which one best suits your needs. It’s not too late for you to grab the opportunity and grow your money!The post The Best Fixed Deposits In Malaysia For 2020 appeared first on iMoney Malaysia.
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Affin Bank Fixed Deposit Campaign
AFFIN Group is a major home-grown financial services conglomerates. The Group's primary activities focus on the provision of commercial, islamic and investment banking services, money broking, fund management, underwriting of general and life insurance business.
The prominent shareholder of AFFIN Holdings Berhad is Lembaga Tabung Angkatan Tentera, the nation's premier superannuation fund manager for the armed forces.
Affin Bank is a commercial bank with a network of 90 branches nationwide. The bank serve both retail and corporate customers. AFFIN BANK's wholly-owned Islamic banking subsidiary Affin Islamic Bank Berhad (AFFIN ISLAMIC) offers a complete range of Syariah-compliant financial products and services.
Affin Home Solutions is the ideal choice for you. It is more than just a home loan, it will help you manage your finances, upgrade your home and save interest costs.
Got any question on BLR or Base Rate? Contact Affin Bank Call Center: +603 5522 3000 or visit any of your nearest Affin Bank branch.
Effective Lending Rate Find out more information on Effective Lending Rate. |
Affin Bank Moratorium
| Financial Products: | ||
| • Savings Account | • Home Loan / Mortgage Loan | • Islamic Banking |
| •Current Account | • Personal Loan | • Share Margin Financing |
| • Fixed Deposit Account | • Hire Purchase (Car Loan) | • Premier Banking |
| • Foreign Currency Account | • Term Loan | • Bancassurance |
| • Remittance Services | • Study Loan | • ASB Financing |
| • Overdraft Facility (OD) | • Charge Card | • Unit Trust |
| • Trade Finance | • Credit Master Card | |
| • Contract Financing | • Credit Visa Card | |
| • SME Financing | • Debit Card | |
Affin Bank Fixed Deposit Rate 2020
| Related Information: |
| •BNM keeps OPR at 1.75%- 4 March 2021 |
| •Latest Base Rate |
| • Guide to consumer on Base Rate |
| • FAQs on Base Rate (BR) |
| •Base Rate vs BLR |
| • BLR Comparative Table |