What do I need to know about Bangkok Bank Fixed Deposits?
Bangkok Bank’s Fixed Deposit is a term deposit interest-earning account that offers higher rates when compared with conventional savings accounts. Being a fixed term deposit account you are only allowed to withdraw your money at maturity, or rather in plain language: when the fixed term ends.
Choose between any fixed term period up to 60 months and get started with a low minimum deposit of RM1000. Note that for a very short term of one-month tenure you need a minimum deposit of at least RM 5000.
How do I open a Bangkok Bank Fixed Deposits?
If you're aged 18 or over go along to your Bangkok Bank branch and open an account over the counter. Don't forget to bring along your identification card and the deposit in the form of cheque or cash.
Is this deposit safe?
Yes, this FD account is a low risk investment. Perbadanan Insurans Deposit Malaysia protects your savings against loss due to the bank’s failure for up to RM250000. It is free and you are instantly signed up for this protection the moment you open the account.