Rhb Fixed Deposit Rate 2020

Receive up to 2.35% p.a. Interest for RHB Commodity Murabahah Deposit-i (CMD-i) Term Deposit via over-the-counter (Until 31 Mar 2021) Subject to minimum deposit of RM10,000 Applicable for new funds only Flexible placement periods of up to 60 months available for other broad rates. RHB Bank Fixed Deposit. Updated OCT 2020. Best Fixed Deposit Calculator Singapore. RHB Bank SGD Fixed Deposit Interest Rate. Maybank: Earn up to 1.0% p.a. Flexible placement periods of up to 60 months available for other broad rates. RHB Banking Group, CIMB Bank and CIMB Islamic Bank Bhd (CIMB Islamic) also revised their BR and BLR downwards by 25 bps effective from July 13. This link is provided for your convenience only, and shall not be considered or construed as an endorsement or verification of such linked. In a separate statement, RHB Banking Group said it will be revising its BR and BLR downwards by 25 basis points, to 3.25% and 6.2% respectively, effective March 9. The bank’s fixed deposit rates. The historical data of RHB Bank Base Rate / BLR / BFR stated above are for reference only. 9 March 2020 3.25 6.20: 13 May 2020. Fixed Deposit Account.

Apakah Kadar Asas (KA)?
KA yang kami tawarkan untuk produk ini terdiri daripada dua bahagian, penanda aras kos dana (COF) dan kos Keperluan Rizab Berkanun (SRR) yang ditetapkan oleh Bank Negara Malaysia. Penanda aras kos dana kami mencerminkan kos pendanaan dalaman yang terdiri daripada kos penjanaan dana baru pada kadar pasaran serta kadar promosi dan adalah berdasarkan komposisi purata 12 bulan akaun semasa dan simpanan, deposit tetap dan pasaran wang dengan tempoh sehingga 12 bulan.

What is Base Rate (BR)?
The BR we offer on this product is made up of two parts, our benchmark cost of funds (COF) and the Statutory Reserve Requirement (SRR) cost imposed by Bank Negara Malaysia. Our benchmark COF reflects the internal funding cost comprising the cost of raising new funds at market rates as well as the promotional rates and is based on the rolling 12 months average composite of customers' currents and savings account deposits, fixed and money market term deposits with tenure up to 12 months.

Rhb Fixed Deposit Rate July 2020

Public Bank says it remains committed to providing necessary financial assistance to its customers, particularly during this current period of the unprecedented Covid-19 outbreak.

KUCHING: Both CIMB Bank Bhd (CIMB Bank) and Public Bank Bhd (Public Bank) are adjusting their rates in response to Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) reduction of 50 basis points to two per cent.

CIMB Bank and CIMB Islamic Bank Bhd (CIMB Islamic) will effect a corresponding 50-basis point reduction in their base rate and fixed deposit/fixed return income account-i board rates.

Similarly, all financing facilities based on base lending rate (BLR) and base financing rate (BFR) will be reduced by 0.50 per cent.

“This third OPR cut for 2020 is essential to bolster the Malaysian economy amid the subdued domestic and global economies coupled with plunging oil prices,” CIMB Group said in its statement.

“This step, together with the government’s economic stimulus package, will lower the cost of borrowings and boost spending power for individuals and businesses to eventually help spur the domestic seconomy.

“In doing our part, CIMB aims to help customers and communities tackle cash flow issues by providing various financial programmes, in line with government policies, during this most crucial period.”

In a separate statement, Tan Sri Tay Ah Lek, managing director and chief executive Officer of Public Bank said it will reduce its base rates and BLR/BFR by 0.50 per cent effective May 12, 2020.

Rhb Fixed Deposit Rate

At the same time, Public Bank’s fixed deposit rates will also be correspondingly adjusted by 0.50 per cent, effective on the same date.

“The year to date cumulative reduction in base rate of 100bps will assist in easing the borrowers’ burden and this is especially significant under the current challenging period brought about by the Covid-19 outbreak and the enforcement of the Movement Control Order necessary to stem the outbreak,” he said.

“This, coupled with the government’s fiscal stimulus and BNM’s financial relief measures, will lend support to the economy enabling the gradual recovery in the economic activities.

“Public Bank is always committed to providing necessary financial assistance to its customers, particularly during this current period of the unprecedented Covid-19 outbreak.”

RHB Banking Group also revised its Base Rate and Base Lending Rate (BLR) downwards by 50 basis points effective May 13, 2020.

In a statement, the RHB Banking group said RHB Bank Bhd (RHB Bank), RHB Islamic Bank Bhd and RHB Investment Bank Bhd will reduce its BR from 3.25 per cent to 2.75 per cent per annum, and will also revise the BLR from 6.20 per cent to 5.70 per cent per annum.

RHB Banks’ fixed deposit rates will also be revised downwards by 50 basis points effective May 13, 2020.