9th November 2022 - 4 min read
Amid rising costs of living, many Malaysians might be looking for ways to bolster their savings. A common way to grow your money is to park it in a term or fixed deposit account. A term deposit account is easy to open, lets you earn returns, and your money is automatically protected by the PIDM (Malaysia Deposit Insurance Corporation).
With that, MBSB Bank is currently running the Term Deposit-i Booster Campaign that lasts till 31 December 2022. Through the campaign, participants can bundle Term Deposit-i with PrimeWin CASA-i to enjoy high returns of up to 5.90% per annum. In addition to that, you will also stand to win grand prizes that include a Mercedes-Benz A200, Mercedes-Benz C200, Mercedes-Benz GLC 300 AMG, and plenty more other prizes all while boosting your savings.
Get competitive rates on your savings
Many of us work eight hours per day and that does not include time spent on a second job or side gig, if you have one. There’s a limitation to the hours one can work in a day and earn money.
If you want to grow your savings further, you may consider keeping your money in a term deposit account that rewards you with profit returns. A term deposit account is low maintenance as it doesn’t require you to check the markets everyday or make adjustments.
For a limited period of time, you can participate in MBSB Bank’s Term Deposit-i Booster Campaign. Then, you can bundle Term Deposit-i with PrimeWin CASA-i to enjoy attractive returns of up to 5.90% per annum. You may choose from two combinations that are composed of differing percentages of Term Deposit-i and PrimeWin CASA-i as shown below.
Do note that should there be an Overnight Policy Rate (OPR) change, the promotional rates may be revised accordingly.
Ensure that your money is in safe hands
We put aside some savings every month because we know that they will come in handy for an emergency, achieving our goals, or the golden years. Hence, it’s important to ensure that our money is kept in a safe and secure place with a trusted as well as established institution.
Should you choose to put your money in MBSB Bank’s term deposit accounts, you can rest assured that your money is protected by PIDM. This means that you enjoy protection coverage of up to RM250,000 against loss of deposits in the event that the bank fails.
In addition, MBSB Bank offers products that are Shariah-compliant through the mechanism of Tawarruq. Deposit accounts like Term Deposit-i provide cash growing instruments for individuals and corporates in an environment that abides by Shariah laws. Nonetheless, all products are available to both Muslim and non-Muslim customers.
Win amazing prizes
As prices of food and other essentials rise, we need to supplement our savings in order to catch up with inflation. The Term Deposit-i Booster Campaign lets you take advantage of compounding profit to grow your money faster.
For example, you have saved up RM10,000 and participated in the Term Deposit-i Booster Campaign. After 12 months, you will earn profit returns of 5.90% per annum, which means your account will have a total of RM10,590, which can add up to quite a lot over the long-term.
At the same time, you will also get the opportunity to win very attractive prizes that include luxury vehicles, smartphones, tech gadgets, and more. As a participant of the term deposit campaign, you will be automatically enrolled in the “Simpan Berganda Menang Bergaya 2.0” CASA-i Campaign.
From now to 31 May 2023, winners will be selected to win exciting prizes every quarter of the year, which include the Mercede-Benz A200, Mercedes-Benz C200, and Mercedes-Benz GLC 300 AMG, trips to the Europe region or umrah, Xbox 360, Sony PS5, folding bikes, cash prizes, and more. Meanwhile, monthly prizes include the Apple iPhone 13, so stay tuned to the prize announcements throughout the campaign.
With only a few months left till the end of the year, you may want to make sure that your financial goals are on track. Participate in the Term Deposit-i Booster Campaign before it ends on 31 December 2022 to enjoy attractive returns of up to 5.90% per annum. In addition, stand a chance to win amazing prizes from now till 31 May 2023 with the “Simpan Berganda Menang Bergaya 2.0” campaign.
Apply to grow your savings here.
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Not enough transparency as no stated the effective rate.