What do I need to know about AmBank Conventional Fixed Deposit?
- Start saving with as little as RM500.
- Invest for any duration from one month up to five years.
- Attractive interest earnings
Really, it's as easy as that! In fact, we're wrong, it's even easier than that because once you're set up you can manage your Fixed Deposit online with just a few clicks.
Sit back and check your profits from your laptop, mobile or tablet. What could be easier?
As long as you have an AmBank Current or Savings account all you need to do is log on to online banking and set up a Fixed Deposit.
How do I open an AmBank FD?
This Conventional Fixed Deposit is only for folks aged 18 years or over. If you have an AmBank Current or Savings account, you can open this FD online.
Otherwise, go to your AmBank branch and the staff will be more than glad to help you with your application.
Can I withdraw from this AmBank FD before maturity?
Yes, you certainly can. However, there will be no interest paid for withdrawals made within 3 months of the start date.
After 3 months, you get half the interest rate earned for the number of days the FD has been running.
You only get the full interest when the FD matures.
Can I take just a portion of the money out of my account?
No, you cannot.
Okay, can I renew it?
Of course, you can renew your fixed deposit - it's even easier online!
Does PIDM protect this Conventional FD from AmBank?
Yes, it is protected against loss in the event of the bank’s failure. You're covered for up to RM250,000.