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Banking > Business > Fixed Deposit Account > Fixed Deposit Account
Fixed Deposit Account

EXCLUSIVE BENEFITS

tickAttractive interest rates

tickTierless rates for individual residents

tickFlexible tenure of placements

tickAlliance BizSmart Online Banking self-banking services

Note:
Protected by PIDM up to RM250,000 for each depositor. View PIDM brochure in your preferred language here.

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  • Corporations, partnerships, sole proprietors, societies, associations, clubs, government bodies and trustees
  • Minimum placement amount of:
    • RM5,000 for 1 month tenure
    • RM500 for tenure above 1 month

REQUIRED DOCUMENTATION

Company
  • Photocopy of NRIC or Passport of all directors and authorised signatories
  • Memorandum & Articles of Association (M&A)
  • Form 8/9/20, Certificate of Incorporation
  • Form 24, Shareholding Issued/Paid-up Capital
  • Form 49, List of Directors and Secretary
  • Original or extract copy of Board of Directors’ Resolution
  • Form 23, Certificate of commencement of business (applicable for public listed companies only)
  • Trading license (for East Malaysia only)

Companies incorporated after 31 January 2017
  • Notice of Registration (Section 15)
  • Application for registration of a company (Companies Act 2016 – Section 14)
  • Notification of appointment of the first company secretary (Companies Act 2016 – Section 58 & 236(2)
  • Original or extract copy of Board of Directors’ Resolution

Society/Association/Club
  • Photocopy of NRIC or Passport of authorised signatories
  • Certificate of registration issued by Registrar of Societies or governing body
  • Resolution of committee, or minutes of meeting/governing body (endorsed by chairman and secretary)
  • Rules & Regulations, or Constitution & By-laws
  • Registration specifying investment of funds (applicable for cooperatives only)
  • Youth organizations – Registrar of Youth, Ministry of Youth & Sports

Sole Proprietor/Partnership
  • Photocopy of NRIC or Passport of the Sole Proprietor (business owner)/all partners
  • Form A or D, Certificate of Registration
  • Form B, Trading License (for East Malaysia only)
  • Form E, Trading License (for Peninsular Malaysia only)
  • Deed of partnership or partnership agreement (if available, for partnership)

Legal Firms
  • Photocopy of NRIC or Passport of authorised signatories
  • Original practicing certificates

Statutory/Government Body
  • Photocopy of NRIC or Passport of authorised signatories
  • Letter of Authority – issued by Accountant General for accounts opened by Federal Government department, or issued by State Financial Officer for accounts opened by State Government departments
  • Letter of Authority must consist of the following information:
    • Request to open an account
    • Names and positions of officials authorised to operate the account and the nature or mandate of operation
Tenure (Months) Counter Rate (% p.a.)

2nd Tier Rate (% p.a.)

1 2.50 2.30
2 2.60 2.40
3 2.70 2.50
4-5 2.75 2.55
6-11 2.80 2.60
12 2.85 2.65
> 12 2.85 2.65
Above 24 months Negotiable Negotiable
Effective date: 9 November 2022

* Note:
  • Rates apply to both over-the-counter FD placements and online BizSmart FD placements.
  • 2nd Tier rate is applicable to: (1). Non-resident individuals, (2). Non-individual entities, like SME or Corporations or Business Enterprises who make a FD placement above RM1.0 million. Otherwise, counter rate applies.

Download in Bahasa Melayu

 Contents  Bank charges
1 Interest received on Current Account overdrawn At prevailing rate fixed by the Bank from time to time
Minimum: RM10.00
2 Interest received on advance (Overdrafts) Interest on overdraft by arrangement
Minimum: RM10.00
3 Service charge on Business Current and Overdraft Accounts with daily average balance below RM1,000.00

(Service charge is exempted for Government accounts)
RM20.00 half yearly
4 Handling charges on representing cheques RM50.00 per cheque
5 Charges for dishonoured cheques due to insufficient funds A penalty charge of RM150.00 shall be imposed by the Bank on each cheque)
6 Service charge for stopped payment RM15.00 per cheque

RM159.00 if countermanded cheque is returned due to interalia insufficient funds
7 Cancellation of stopped payment instruction RM10.00 per cheque
8 Service charge for cheques returned due to technical reasons A service charge of RM10.00 shall be charged on the payee for each post-dated cheque returned (applicable to collecting bank)
9 Service charge for third party cash cheque encashment RM2.00 per transaction
10 Cheque book not collected after 30 days of issuance RM10.00 per cheque book
11 Stamp duty on cheque books A government stamp duty of RM0.15 per cheque leaf shall be charged to the account upon issuance of a cheque book
12 Service charge request for Statement, Duplicate Document e.g. cheques, expired guarantee, bills, etc
(i) Retrieval fees of RM5.00 plus RM1.00 per page of statement if printed from system (up to 3 months) or photocopy of other documents
(ii) Retrieval fee of RM20.00 plus RM1.00 per page of statement if reproduced from microfiche plus out-of-pocket expenses (for more than 3 months)
(iii) Retrieval fee of RM20.00 plus RM5.00 per document if it is obtained from branch
(iv) Retrieval fee of RM30.00 plus RM10.00 per document if it is obtained from our warehouse/remote location
13 Service charge on auditors confirmation
(i) RM25.00 for current financial year
(ii) RM100.00 for other request (i.e. previous financial year)
 
  Service charge on auditors confirmation for Commercial (business) Account (Charges apply for all types of business Current Account, effective 1 April 2009)
(i) RM30.00 - audit confirmation on account as at a date which is no more than three (3) months from date of request
(ii) RM50.00 - audit confirmation on account as at a date which is between four (4) to twelve (12) months from date of request
(iii) RM100.00 - audit confirmation on account as at a date which exceeds twelve (12) months from date of request
14 Service charge on opening of account No charges effective 15 May 2018
15 Service charge on closing of Savings Account
(i) Closed within 3 months from date of opening of account: RM20.00
(ii) Closed after 3 months from date of opening of account: RM10.00
(iii) Closed after 3 months from date of opening of account (Basic Savings Account Only): Free
16 Service charge on closing of Current/ODP Account
(i) Closed within 3 months from date of opening of account: RM20.00
(ii) Closed after 3 months from date of opening of account: RM10.00
  Service charge on closing of Commercial (business) Current/ODP Account
(charges apply for all types of business Current Account effective 1 April 2009)
(i) Closed within 3 months from date of opening of account: RM30.00
(ii) Closed after 3 months from date of opening of account: RM20.00
17 Lost of Fixed Deposit certificate RM10.00 stamp duty for Letter of Indemnity
RM5.00 service charge
18 Service charge on changing coins/notes

(for bulk changing)

(Charges apply for all types of business Current Account)
Coins
Minimum: RM5.00 plus 0.5% on the amount per bag
(same denomination or standard bag)

For loose coins
Less than RM100.00: Free
(i) RM100.00 to RM1,000.00: RM5.00
(ii) RM1,000.00: Additional RM5.00 on every RM1,000.00

Notes
Single denomination: Free
2 denominations & above: RM5.00
19 Service charge on coins deposits
(Charges apply for all types of business Current Account)
Less than RM100.00: Free
(i) RM100.00 to RM1,000.00: RM5.00
(ii) RM1,000.00: Additional RM5.00 on every RM1,000.00
  Service charge on Bulk Cash Deposit
(Charges apply for all types of business Current Account)
Free: For first 1,000 pieces, irrespective of denomination.
(i) RM5.00: Next 1,000 pieces or part thereof, irrespective of denomination.
(ii) Max: RM5.00 per 1,000 pieces, subject to a maximum of RM500.00 per deposit
20 Postage and handling charges on warning letters (on returned cheque, BMC letter and excess of current account) RM10.00 flat
21 Postage charges on company cheque books sent by courier RM10.00 or actual courier charges, whichever is higher
22 Account number selection Service charge of RM50.00 for choosing desired available account number
23 Mutilated or defaced notes 1% of notes amount chargeable to customers
Minimum: RM15.00
Maximum: RM500.00
24 Service charge for endorsement of the status of company's account to be attached together with tender submission RM20.00 per account
25 Service charge on confirmation on authorised cheque signatories for the renewal of Pusat Khidmat Kontraktor license RM20.00 per account

Unless otherwise specified herein, our charges exclude any current taxes and future taxes that may be imposed (including the Goods and Services Tax (“GST”)), under the relevant legislation. Upon the effective date of implementation of any such taxes in the future and wherever applicable, we will be entitled to recover such taxes from you.

Download in Bahasa Melayu

Click here if you cannot view the Terms & Conditions in below section.

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