Introducing the PLUS Fixed Deposit Account, the account for everyone and I mean everyone. Individuals who are resident and non-resident, Partnerships, corporate entities, associations, clubs and societies. If you need to open an FD this is the one you’re looking for.
What do I get from it?
The PLUS Fixed Deposit offers tenure periods ranging from 1 month up to 60 months, that’s 5 years to earn some awesome returns. Another thing, this FD will automatically renew itself for your convenience. Not to mention your effective interest rate will range from 2.95% up to about 3.1%.
If however, you were to have an extended tenure, more than 13 months then you are able to negotiate a possibly higher interest rate with the bank.
Wait, I have placement Options?
Yes, indeed. You have two options to choose from the first being, to have a tenure from 1 to 12 months. You can choose to have all the interest earned credited into either your current or savings account either on a monthly basis or upon maturity, or you have the option to add the interest earned to the principal amount upon the maturity of your tenure.
The second option you have, is if you choose to have a tenure more than a year long, 13 months and above. You can choose to have your interest earned credited into your savings or current account on either a monthly or half yearly, on a 6-month, basis.
What’s next and are there requirements?
Well you can go ahead and apply by hitting that ‘Apply Now’ tab on this page and you need to be at least 18 years of age. Also, the minimum amount required for you to open an account is only RM1,000.
As mentioned above, weather you are a Malaysian resident or not you are eligible to apply for the PLUS Fixed Deposit. Same goes for any Associations, Clubs and Societies, Companies and Cooperatives that would like to open a fixed deposit account.