Alliance Bank lowers fixed deposit rates

The counter rate for 1-month fixed deposits is now just 2.65% from 2.75%.

Malaysia’s Alliance Bank has revised its deposit rates effective 30 April 2024.

The bank’s counter rate for 1-month fixed deposits has been lowered to 2.65%, from 2.75% previously.

A 0.1 percentage point (ppt) decrease was also applied to counter rates of 2 month and 3-month fixed deposits: it will be 2.75% and 2.85% beginning end-April.

Counter rates for other tenures have also been revised: 4-5 month fixed deposits will now carry a rate of 2.9% (from 3% previous); 6-11 month fixed deposits will have a 2.95% rate (from 3.05%); and 12-month fixed deposits and above will have a 3% rate (from 3.1%).

ALSO READ: Endowus launches full-service digital wealth platform in Hong Kong

Alliance Bank has also shaved its 2nd tier rates for fixed deposits, with the 1-month fixed deposit now carrying a 2.45% rate (from 2.55% previously), whilst the 2nd tier rate for 12-month fixed deposits is now 2.8% (from 2.9%).

The counter rate and 2nd tier rate for Alliance FDGold is now 3.1% and 2.9%, respectively, from 3.2% and 3% previously.

Also Read

Philippine central bank eyes AI rules for banks

Westpac appoints Kate Dee as chief people officer

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit