Public Bank revises FD campaign rate upwards

PETALING JAYA: Public Bank Bhd (PBB) and Public Islamic Bank Bhd (PIBB) have revised the promotional interest/profit rates for the PB FD Xtra Campaign up to 4.28% per annum effective Oct 27, 2014.
The campaign period has also been further extended to Feb 28, 2015 from Dec 31, 2014 previously.
Open to all new and existing individual and non-individual customers of PBB/PIBB, customers are required to place a six month fixed deposit placement into PLUS fixed deposit or term deposit-i (TD-i) during the campaign period in order to enjoy higher interest/profit rates.
PLUS FD is a conventional fixed deposit account whilst TD-i is an Islamic term deposit which provides customers the flexibility to manage their funds for short or long-term placement.
Customers will enjoy a promotional interest/profit rate of 3.83% p.a. for the first 6 months. Should they rollover their placements for another 6 months, they will enjoy higher interest / profit rate of 4.28% per annum.
Individual customers only need to deposit a minimum of RM20,000 to participate in the campaign, subject to a maximum placement of RM10 Million. A higher minimum and maximum placement amount of RM50,000 and RM20 Million respectively is applicable to the non-individual customers.