Alliance Bank is also ranked 23rd on Malaysia’s Most Valuable Brands award, an award-winning financial service provider. Putting its claws in Malaysia for the last 5 decades, Alliance offers different kinds of banking and financial services such as stockbroking, SME banking, and Islamic banking.
Fixed deposit (FD) is a type of short-term investment where you can put your money and agree not to take it out for a set length. When the terms are over, investors will get higher interest rates than they would on regular savings accounts! The government insures it, so there is not much risk involved in this choice.
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.
Alliance Bank offers 1 type of fixed deposit, which is Fixed Deposit. Alliance Bank also provides an online version for existing AllianceOnline clients.
You are eligible to apply for Fixed Deposit if you are:
Corporations, partnerships, trustees, government bodies, sole proprietors, associations, clubs, and societies are also welcome to apply.
Among other reasons, you should choose Fixed Deposit because:
The documents needed to apply for Fixed Deposit are as follows:
1 to 60 months.
To learn more about the interest rates, click here.
*As of 25 March 2022
You can contact Alliance Bank through 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.