Public Bank was established in 1966, with its first branch located on Jalan Gereja in Kuala Lumpur. Not only that, but Public Bank is now the third-largest banking group in Malaysia, with a total asset size of approximately RM451.26 billion at the end of 2020. Now, Public Bank continues to expand its business in Malaysia and other regions by promoting and introducing a diverse range of financial and service products that meet the needs of today’s customers.
A fixed deposit (FD) is the best option for people who want to keep their money safe and earn some interest from it. The returns are higher than other saving accounts, and you are guaranteed by the government!
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.
Public Bank offers 3 types of fixed deposits, namely:
You are eligible to apply for Public Bank fixed deposits if you are:
Among other reasons, you should choose Public Bank fixed deposits because:
*Based on selected fixed deposit
1 to 60 months.
Lost or misplaced fixed deposit receipt:
FD placement for 1 to 3 months
No interest will be paid to you
FD placement that lasts more than 3 months
For each completed month, interest will be calculated and paid at half of the originally contracted rate
For more information or assistance with Public Bank fixed deposits, please contact 1-800-22-9999 or email email@example.com or visit the nearest Public Bank branches.
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.