What do I need to know about Affin Bank Fixed Deposit accounts?
Maximise your savings - choose from one month to twelve months term and earn a great rate of interest. Affin Bank’s Fixed Deposit offers some of the highest per annum interest rates on the market for deposits of twelve months.
Can I withdraw my fixed deposit before maturity?
Yes, however, you will not earn any interest if you withdraw in the first three months. If your account is more then three months old you'll get half of the original contracted interest rate for each completed month.
Can I make a partial withdrawal on my account?
Yes, you can withdraw some of your money without penalty if you meet the following conditions:
- It is an individual, joint or minor account and not a club, society, association or company.
- The balance of the FD is more than RM20000 after withdrawal.
- The amount drawn must be in a multiple of RM5000.
The bank will pay you 50% of the contracted interest rate for the withdrawal amount if you take money out early.
What do I need to bring along to open a fixed deposit account with Affin Bank?
You have to bring along your Identification Card, you need to visit one of the bank’s branches to open this kind of account.
For Corporate, Association or Clubs, please bring along more documentation, such as: Form 24 & 49, Company resolution, Business Registration Form. You must have a minimum of two Authorised Signatories and they must provide their Identification Cards.
What's so cool about the Affin Bank’s Fixed Deposit?
Your deposit is protected by PIDM. Protection is free and your deposits are covered for up to RM 250000. The RM 250000 limit includes both the principal amount and the interest. So, if the banks fail - you're golden.