Tell me about this RHB Ordinary Fixed Deposit.
This is a basic, hassle-free, Fixed Deposit account.
You can choose anything from a one-month term to a five-year term and earn interest on your investment.
It's really easy to get started, with a minimum deposit of just RM500.
RHB has added a nice touch to this FD - you can use your deposit as collateral against an overdraft facility.
So, don't think that your money is doing nothing for you but earning interest, it's working doubly hard as working capital.
Can I make early withdrawals?
Effective from January 2019, when you make a premature withdrawal of your money in the fixed deposit account, no profit will be paid on the withdrawn amount, regardless of the number of completed months at the time of premature withdrawal.
Is my money in this fixed deposit account protected?
Yes. Your money in RHB Ordinary Fixed Deposit account is secured by PIDM for up to RM250,000.