What is RHB Senior Fixed Deposit?
An investment account created especially for seniors aged 50 and over RHB Senior FD let's you earn profit from attractive interest rates. Also available as a joint account with a partner the minimum deposit commitment is RM10000 for a tenure of up to 60 months, ideal for safe and sensible retirement planning.
What extra benefits do I get from this RHB FD?
Well, if you're the kind of person who likes to invest in the stock markets, there's at least one great privilege that comes with this FD: RHB will waive commission or service charges for the first five cashier orders or demand drafts when you purchase new public shares or rights issues.
As a further benefit you can use your Fixed Deposit account as collateral against an overdraft facility on your current account with up to 100% margin. And lastly, this FD is flexible enough to allow early, or partial withdrawal of invested funds without loss of interest on your remaining balance.
How can I get my money out during the FD term?
You can partially withdraw in multiples of RM1000 as long as you maintain a minimum balance of RM10000 in the account.
How do I open this RHB Senior Fixed Deposit?
Senior FD is only open to RHB Savings or Current Account holders. You set up your FD and Current/Savings account with your Identification Card and RM10000 in cash or cheque.
Is this a protected deposit?
Yes. It is secured by PIDM up to RM 250000 per person per bank.