eFixed Deposit

A Fixed Deposit that can be placed and withdrawn online via Maybank2u.com

Tenure:
1 - 60 months

Minimum investment:
RM5,000 (1 month)
RM1,000 (2 months and above)

* Eligible for protection by PIDM

Benefits

Who can apply

Interest rates

Tenure
Rate (% p.a.)
1 month
3.00
2 months
3.00
3 months
3.05
4 months
3.05
5 months
3.05
6 months
3.10
7 months
3.10
8 months
3.10
9 months
3.10
10 months
3.10
11 months
3.10
12 months
3.15
13 - 24 months
3.15
36 months
3.30
48 months
3.40
60 months
3.50
Revised Fixed Deposit rates for Conventional Scheme for tenures 48 months and 60 months with effect from 17 December 2012.

Learn more about our FDs

Computation of Interest

Computation of Interest shall be based on the number of days within the term of the deposit.

Unclaimed Moneys Act 1965

In accordance with the Unclaimed Moneys Act 1965 (revised 1989) the money in the Fixed Deposit under Automatic Renewal shall be classified as Unclaimed Moneys if the Fixed Deposit is not operated for a period of seven (7) years from date of deposit or date of last transaction, whichever is later.

Terms and Conditions on eFD premature withdrawal

The payment of interest on premature withdrawals of eFixed Deposits' (eFDs) before maturity shall be subjected to the following Terms and Conditions:

1. No interest shall be paid on any 1 month, 2 month or 3 months tenure eFD that has not completed its respective full tenure period.

2. For eFD's with tenures exceeding 3 months no interest shall be paid if the eFixed Deposit (eFD) is uplifted before the completion of the first 3 months period.

3. Other than the circumstances mentioned in (1) and (2) above, interest is payable only for the completed period of the funds have been deposited as below:

The rate payable for an eFixed Deposit uplifted before its fixed maturity date shall be half (1/2) the original contracted rate for each completed month.

For example:

Tenure: 6 months tenure
Amount: RM50, 000
Interest rate: 3.10% p.a.
Completed period: 4 months 12 days
Interest earned: 1.55% x RM50, 000 x 120/365 or 366 (if leap year)
                       : RM254.79
 

Service comparison

Here is a quick comparison between the normal Fixed Deposit and eFixed Deposit.

ServicesFixed DepositeFixed Deposit
1st placement: creation of Fixed Deposit account (customers without an FD account)
  • Creation of FD account is done over the counter
  • Certificate will be issued to customer
  • Mode of payment for placement can be cash or debit banking account
  • Creation of FD account is done online via Maybank2u.com and processed by the branch the next working day
  • No certificate will be issued
  • Mode of payment for placement is only debiting the account linked to Maybank2u.com
  • An 8-digit reference number ending with 'E' will be given
Subsequent placement (customers with an FD account)
  • Subsequent placement is over the counter (at the home branch)
  • Certificate will be issued to customer
  • Mode of payment for placement can be cash or debit banking account
  • Subsequent placement can be done online and debiting of account in real time
  • No certificate will be issued
  • Mode of payment for placement is only debiting the account linked to Maybank2u.com
  • An 8-digit reference number ending with 'E' will be given
Upliftment
  • Upliftment can only be done over the counter (at the Home branch)
  • Mode of payment for upliftment can be cash, credit to account or banker's cheque
  • Only reference numbers with 'E' can be uplifted via Maybank2u.com
  • FD with certificate needs to be uplifted over the counter (Home branch)
  • Mode of payment for upliftments can only be credited to account linked to Maybank2u.com
Premature withdrawal
  • Premature withdrawal can be done over the counter for FDs with certificates only
  • Premature withdrawal with reference number ending with 'E' can be uplifted via Maybank2u.com only

ServicesFixed DepositeFixed Deposit
Partial withdrawal
  • Partial withdrawal can be done over the counter
  • Not available
Modification of FD details
  • Modification of FD details such as term, interest payment code or maturity handling can only be done over the counter (Home branch)
  • Modification of FD details such as term, interest payment code or maturity handling can be done over the counter (Home branch) and via Maybank2U.com
Service availability
  • Normal banking hours over the counter
  • 6am till 10.30pm, 7 days a week including public holidays
Ex-Phileo Allied eOne customer
  • Customers with eOne accounts can place or uplift over the counter for FDs with certificates
  • All eOne Fixed Deposit accounts will be converted to eFixed Deposit and all certificates will be converted to an 8-digit number that ends with 'E'.
  • Upliftment can be done via Maybank2u.com
Joint account
  • Either one of the joint holders can withdraw upon presenting the FD cert at the counter
  • Either one of the joint holders is allowed to perform the uplilftment
  • Proceeds of FD can be credited to any of the joint holders' accounts (either joint/individual account linked to Maybank2u.com)

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