Public Bank launches e-fixed deposit account

Public Bank Bhd recently launched the PB e-fixed deposit account (PB eFD) which is for customers opting for e-banking.

PB eFD is a “Go Green” paperless fixed deposit account which allows the customers to create the accounts, make placements and also withdraw online via PBe Online Banking (PBe).

With PB eFD, customers will benefit from the fixed deposit (FD) interest rate just by applying for a PB eFD account and make FD transactions anywhere via PBe throughout the whole week.

The PB eFD placements are carried out in real time with minimum placement from as low as RM1,000.

PB eFD is open to individual customers aged 18 years and above as well as sole proprietors, who have existing conventional personal current accounts or savings acounts and who have registered for PBe.

The bank said the facility would enable customers enjoy their interest earned before the maturity as PB eFD offers the option of monthly automatic crediting of interest into customers’ current account or savings account.

PB eFD also offers automatic renewal for the same tenure at the prevailing board rates for the convenience of customers.

In conjunction with the launch of PB eFD, Public Bank is running a “PB eFD Campaign” from Jan 12 to March 31 offering higher promotional interest rates of up to 3.60% per annum for three months and above.

With “PB eFD Campaign”, customers can watch their money grow and earn competitive interest rates.

Customers just have to open a PB eFD account via PBe and make a minimum PB eFD placement of RM1,000 during the campaign period in order to enjoy the higher promotional interest rates.