eFD promotions by AmBank & Hong Leong

There are many banks that offer eFD service that let you place Fixed Deposit yourself through online banking. eFD really saves you a lot of time and hassle to go to branch just to place FD.

AmBank and Hong Leong Bank are currently doing promotion for their eFD. Let's see what is the offer from AmBank eFD Bonus Rate for Life campaign first. The promotion started from 4th January to 28th February31st March 2013. Customers need to place minimum RM 5000 in eFD via AmOnline for the tenure of 3, 6, 9 or 12 months.

Eligible customer will get a preferential interest rate of 0.20% p.a. on top of prevailing Fixed Deposit Board Rate. The bonus rate will continue to apply to any rollovers and/or renewals of the eFD that placed during the Campaign Period, as long as the  original  placement is not uplifted and/or withdrawn (either partially or whole).

Hong Leong Bank Mach FD Launch campaign starts on today and ends on 7th March 2013 or the fund reaches RM 100 million, whichever comes first. Customers are required to deposit minimum RM 10000 and maximum RM 250000 into Mach FD to enjoy the special interest rate for tenure of 6, 9 or 12 months. Auto-renewal of promotional FD interest is not allowed. Upon maturity, the Mach FD shall be renewed at the prevailing board rate of the contracted tenure.

Below is the comparison table of eFD by local banks:

Tenure	Maybank	CIMB	AmBank	Mach FD
1-month	3.00%	3.00%	3.05%
3-month	3.05%	3.05%	3.20%
6-month	3.10%	3.10%	3.35%	3.60%
9-month	3.10%	3.10%	3.35%	3.66%
12-month	3.15%	3.15%	3.40%	4.00%