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 12 months.
How the payment of interest works?
If you place a deposit on any tenure up to 12 months, your money will earn interest when the fixed deposit matures. For a placement of 13 months and above, you will be paid interest every 6 months and at maturity.
Can I make a partial withdrawal of my money?
You may make a partial withdrawal of your money, if you need it. Unfortunately, the bank will not pay you interest for any premature withdrawal made before your FD matures. This directives is effective from January 2019.
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 money is guaranteed by PIDM for up to RM250,000, including both the principal amount and the interest. Meaning to say, if the bank fails, your deposit is saved.