Bank Of China Fixed Deposit
Deposit Interest Rate in China remained unchanged at 0.35 percent in February from 0.35 percent in January of 2021. Deposit Interest Rate in China averaged 1.09 percent from 1990 until 2021, reaching an all time high of 3.15 percent in July of 1993 and a record low of 0.35 percent in July of 2012. This page includes a chart with historical data for Deposit Interest Rate in China.
Last month in December, I have placed a 6 months fixed deposit with CIMB Bank that gives me an interest rate of 1.80% p.a. The good news is that CIMB Bank has maintained its interest rate of 1.80% p.a. for its Chinese New Year Fixed Deposit Promotion. They are probably the only bank that maintain the high interest rate of 1.80% p.a.
- Bank of China current highest fixed deposit rate is 0.60% p.a. For 12 months tenure with minimum deposit of $20,000. The current highest fixed deposit rate is a Bank of China fixed deposit promotional rate. The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.45% p.a. The average monthly highest fixed deposit rate.
- HKD Fixed Deposit Rates Deposit Amount Below 100,000: 100,000 to 499,999 500,000 or above 1 Day 0.00100%.
While searching for Chinese New Year fixed deposit promotions, I found a promotion from OCBC that gives you vouchers instead of cash for a 6 month locked in period. The interest rate is 1.70% p.a. if you compare the value of the vouchers against cash. You can read more about it below.
The next good deal is from Hong Leong Finance where they maintain their interest rate of 1.73% p.a.
CIMB Fast Fixed Deposit Chinese New Year Promotion
Interest rate: 1.80%, Minimum Placement: S$10,000, Promotion Valid Until: 31st January 2020
The total interest that you will receive if you place S$20,000 for 12 months is S$360.
OCBC Bank Chinese New Year Deposit Promotion
Interest Rate: Not Applicable, Minimum Placement: S$10,000, Promotion Valid Until: 31st January 2020
As part of OCBC Chinese New Year promotion, receive S$85 NTUC FairPrice vouchers with every S$10,000 in fresh funds deposited into OCBC Passbook, Statement Savings, Premier Statement Savings and Premier Easisave accounts. The funds must be maintained for 6 months.
If you work backwards, the S$85 NTUC FairPrice vouchers is equivalent to an interest rate of 1.70% p.a based on a deposit of S$10,000 locked in for 6 months.
Hong Leong Finance
Interest Rate: 1.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
The total interest that you will receive if you place S$20,000 for 12 months is S$348.76.
Standard Chartered Bank (Singapore)
Interest Rate: 1.55%, Minimum Placement: S$25,000, Promotion Valid Until: 31st January 2020
Unless you are a priority banking customer, otherwise you get an interest rate of 1.55% p.a. for a minimum place of S$25,000 with Standard Chartered Bank.
The interest that you will get is S$322.92 based on an interest rate of 1.55% p.a. for a placement of S$25,000 for 10 months.
If you are a priority customer, the interest that you will get is S$343.75 based on an interest rate of 1.65% p.a. for a placement of S$25,000 for 10 months.
MayBank Singapore Dollar Time Deposit
Interest Rate: 1.60%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
Maybank has further reduced their fixed deposit interest rate from 1.80% to 1.60%. The total interest that you will receive if you place S$20,000 for 12 months is S$320.00. However, there are some catch should you choose to place your fixed deposit with MayBank
- You need to have a MayBank Current or Savings account.
- For every S$1,000 deposited into the CASA Account, S$10,000 can be placed into the Singapore Dollar Time Deposit, subject to a minimum of S$20,000 in Time Deposit and the corresponding minimum deposit of S$2,000 in the CASA Account.
Ringgit Malaysia deposit account with fixed tenure. Higher interest rate as compared to Savings Account.
Fixed Deposit Rate
- Deposit tenure from 1 month up to 12 months.
- Minimum placement for 1 month is MYR5, 000.
- Minimum placement for more than 1 month tenure is MYR1, 000.
Please refer to our Bank’s latest fees and charges listing.
Please refer to our latest published Fixed Deposit Account interest rate.
| Tenure | Computation Method |
|---|---|
| 1-12 months | Interest is payable upon maturity. |
Bank Of China Fixed Deposit 2021
All Malaysian citizens, permanent residents and foreigners aged 18 years and above.
| Types of Citizen | Account Opening Documents |
|---|---|
| Malaysian citizens or permanent residents | Valid identification credentials i.e. NRIC and supporting documents such as driving license, etc. |
| Foreigner | Valid work permit or student pass and passport. |
Kindly visit any of our branches for account opening.
Protected by PIDM up to RM250,000 for each depositor
Bank Of China Fixed Deposit Promotion 2020
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