Affin Bank Berhad is a subsidiary company of AFFIN Group. Being a financial service provider with over 111 branches nationwide, AFFIN Bank aims to provide the best financial services and solutions to individuals, businesses, and corporations to ensure profits and values for its shareholders.
Fixed deposit (FD) is a type of short-term investment where an investor deposits a certain amount of money and agrees to refrain from withdrawing their cash for a set length of time. Upon maturity, investors will be paid a great interest rate, which is usually more significant than a conventional savings account. New investors prefer it because it is insured by the government and ensures high returns, depending on the interest rates and the tenure.
You should know the interest rates upon maturity to ensure you gain a great amount of return. Interest rates differ from bank to bank and tenure to tenure.
Different banks offer different tenures, ranging from 1 month to a few years. Choose the one that suits your needs and financial goals.
It is crucial to identify all costs incurred to avoid spending more than expected.
You should be informed of the penalty amount to know what to expect if you need to withdraw the money before maturity.
Being aware of the customer service and the reputation of the bank you are planning to apply your fixed deposit account is an important step! Do thorough research before deciding on a bank.
AFFIN Bank offers 1 type of fixed deposit, which is AFFIN Fixed Deposit.
You are eligible to apply for AFFIN Fixed Deposit if you are:
Among other reasons, you should choose AFFIN Fixed Deposit because:
Your identification card is the only document needed to apply for AFFIN Fixed Deposit.
1 to 60 months.
To learn more about the interest rates, click here.
*As of 25 March 2022
Within 3 months of account opening
No interest will be paid to you
After 3 months of account opening
50% interest of the completed months will be paid to you
You can contact AFFIN Bank hrough these channels:
It stands for per annum or each year.
The amount of return earned by depositors.
The amount of time the money is locked in a fixed deposit account.
The amount of money locked in a fixed deposit account to earn interest.
The additional charge from the bank for withdrawals before maturity (or premature withdrawal).
The end of a set time when an investment becomes due, and the principal and interest are repaid.
The money withdrawal in a fixed deposit account before maturity.
The withdrawal of part of the amount in a fixed deposit account before maturity.