Time Deposit

Preferred Ringgit Time (Time Deposit)


  • Certificate of deposit (in Ringgits) with the Bank for a fixed period of time, in return for a fixed interest payable at the end of the term.

Details Terms
Minimum Placement RM 1,000
Interest Rate Based on market rates
Withholding Tax 20%
Term/Repricing Cycle Minimum term is 30 days
Interest Credited At maturity
Fund Access Branch of account renewal, viewing for Internet* and Mobile Banking*
Transaction Record Certificate of Time Deposit
Early Closure (accounts closed within 30 days from opening) N.A.
Below Maintaining Balance N.A.
Inactivity Fee N.A.
Lost Passbook/ATM Card N.A.
Others Pre-termination: interest based on prevailing savings rate
Doc. Stamps Tax: RM 1 per RM 200 or fraction thereof