Bank of China Fixed Deposit Promotion 2024
Bank of China Malaysia is among the best financial institutions in the market to offer attractive returns with their Fixed Deposit account. The returns you’ll earn get even better with their FD promotion that runs from 12 January 2024 until 31 March 2024 (“Promotion Period”), subject to the campaign’s terms and conditions.
Eligible customers should have the following requirements to be eligible to participate in this campaign:
- Must have MYR Savings Account or Current Account with Bank of China Malaysia
- Must enrol for Bank of China Malaysia’s e-Statement facility. This e-Statement facility does not apply to customers aged 55 and above but they are still eligible to participate in this promotion
- This promotion applies to fresh funds only
Hurry and grab this chance to enjoy promotional rates as shown in the following table with the Bank of China Fixed Deposit Account. Your deposits are protected by PIDM for up to RM250,000.
Promotion 1: Applies to all new and existing Bank of China Malaysia individual customers aged 18 years and above
Eligible Product | Tenure | Promotional Rate | Minimum Placement Amount | Maximum Placement Amount | Fund Type |
MYR FD | 12 months | 3.90% p.a. | RM20,000 | RM149,999.99 | Fresh funds* |
MYR FD | 12 months | 3.95% p.a. | RM150,000 | RM500,000 | Fresh funds* |
USD FD | 12 months | 5.40% p.a. | USD35,000 | USD1 million | Fresh funds* |
RMB FD | 12 months | 2.20% p.a. | RMB20,000 | RMB2 million | Fresh funds* |
Promotion 2: Applies to new-to-bank fixed deposit individual customers or existing customers who have yet to have a fixed deposit account/account with zero balance (inclusive of foreign currency FD) with Bank of China Malaysia at the time of new fund placement
Eligible Product | Tenure | Promotional Rate | Minimum Placement Amount | Maximum Placement Amount | Fund Type |
MYR FD | 12 months | 4.00% p.a. | RM150,000 | RM250,000 | Fresh funds |
*Fresh funds means monies or funds howsoever transferred, credited, or paid into the FD Account or Nominated Account from another bank(s) and/or financial institutions by way of (i) cash, (ii) interbank GIRO transfers (iii) telegraphic transfer (iv) DuitNow (v) bank draft (vi) collection and payment of cheques drawn on such other bank(s).
Note: Transfers of funds from other branches of BOCM or from any existing account with BOCM are not considered Fresh Funds.
What do I get from the Bank of China Fixed Deposit account?
Like any other fixed deposit account, the Bank of China offers a higher rate of return than a conventional savings account.
You can invest with BoC for up to 60 months, but bear in mind once you've put your money into this term deposit account you won't be able to withdraw funds at will.
If you do close the account early you'll lose any interest that you might have earned.
Best to make a real commitment to this kind of investment.
How do I open a Fixed Deposit with the Bank of China?
If you're a Malaysian citizen aged 18 or over you just need to turn up at the Bank of China with your MyKad and some money to invest.
If you're a foreigner you will have to bring along your work permit or student pass together with a valid passport.
When will I receive my interest?
If you place your savings in this FD account for more than a year, you can get paid out on the interest every single month.
For accounts less than a year in tenure you'll have to wait until the term ends before you get your hands on the interest - like they say: patience is a virtue!
Does PIDM protect this Fixed Deposit Account?
Yes, PIDM protects your savings against loss in the event of the bank’s failure.
PIDM is free and once you sign up for this FD your precious savings are automatically insured.