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.
Are there Fixed Deposit promotions with RHB?
Beginning the 1st March 2018 until 30th June 2018, you can double your earning with RHB Ordinary Fixed Deposit when you place any amount between RM10,000 to RM10 million for 10-month and 15-month tenures as you can gain as high as 4.25% p.a. and 4.38% p.a. interest charges respectively.
Can I withdraw just some of my money during the FD term?
Partial withdrawal is allowed in multiples of RM1000 - however you must maintain a minimum balance of RM5,000.
Is this RHB Ordinary Fixed Deposit secure?
Yes, this account is protected by PIDM. If the bank goes bust your money is safe.