What exactly is the Public Bank eFixed Deposit all about?
Well, it is a Fixed Deposit account tailored to make FD transactions easier, stress free and more accessible for everyone. It allows you to manage your account entirely online.
Just log on to their website and do all your banking on your PC or mobile device, life made simple.
Download me on the details.
So, here’s the deal, the Public Bank eFixed Deposit comes with deposit periods of up to 60 months. With the highest interest rate being 3.1%p.a.
The minimum amount for deposit is only RM1,000 and comes with an auto-renewal policy for your convenience. With your monthly interest payments credited into your registered Current Account or Savings Account automatically.
What you need for this to work.
So, there are a couple things you need to know before you can open up an eFixed Deposit account. First off you might need to have an existing Current Account or Savings Account with Public Bank.
Take note that, all applications must be done online, unfortunately you can’t walk into a bank and get it. Of course, this also means that everything is happening in real time.
This means all your transactions will be instantaneous, also there’s no placement limit.
How do I make withdrawals online?
Don’t worry, even though all your data is online, you still have your deposit linked to either your current or savings account. Then you know the drill, card meets ATM and you have cash in hand.
It is also possible for you to make premature or early withdrawals at your convenience. Just remember that its needs to be done via the website.
Any fees I need to worry about?
Well yes. It is crucial that you do not lose your Fixed Deposit Certificate, as it is one of the few indications of your account existing somewhere, should anything happen to you or the account. In the even it is lost, there will be a service charge of RM5.30 imposed.
Other than that, you’re good to go. Hit that ‘Apply Now’ button on this page and be on your way to great savings.