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Fixed Deposit

0.10pp for RM1 million

Public Bank FD Promotion 2026: 3.70% for Anyone, 3.80% for Red Carpet Elite — Is the RM1 Million Tier Worth It?

RaymondRates.my4 min read

Public Bank has two live fixed deposit promos running at once. The PB Special FD pays up to 3.70% p.a. to any customer with fresh funds. A Red Carpet Banking version pays up to 3.80% — but only with RM300,000 or RM1,000,000 in assets already at the bank.

3.70%
PB Special FD — anyone
3-month to 15-month, RM5,000 min
3.80%
RCB Elite — RM1m tier
top rate, 15-month only
0.10pp
Elite's premium over the public rate
at its widest, 12 & 15 months

PB Special FD: the deal open to anyone

MetricPB Special FD (public)RCB Special FD/TD-i
Rate range3.40%–3.70%3.45%–3.80%
Min / max placementRM5,000 / RM10mRM10,000 / RM10m
EligibilityAny PBB/PIBB customer, 18+RCB Gold (RM300k) or Elite (RM1m)
ProductConventional PLUS FDConventional FD or Islamic TD-i
ChannelAny PBB branchBranch or RCB centre
Campaign ends30 Sep 202630 Sep 2026
  • Fresh funds only — RM5,000 minimum, up to RM10 million, must land within 7 days.
  • Branch counter only — no online or FPX channel on this campaign.
  • PIDM-insured up to RM250,000 per depositor, same as an ordinary FD.
Coins in a glass jar with a small plant growing out of them, symbolising savings growth
Both promos land in the same place on maturity: PBB's ordinary board rate, currently 1.85% p.a. for 12 months. · Photo: Unsplash

Is Red Carpet Banking's premium worth it?

PB SPECIAL FD vs RED CARPET BANKINGPublicRCB GoldRCB Elite0%1%2%3%4%3M6M9M12M15M
Same 0–4% scale across every bar. Public, RCB Gold and RCB Elite sit almost on top of each other at every tenure.
  • RCB Gold needs RM300,000 in assets for just 0.05pp more than the public rate.
  • RCB Elite needs RM1,000,000 for at most 0.10pp extra, only at 12 and 15 months.
  • At 3, 6 and 9 months, Gold and Elite pay exactly the same rate.

See Public Bank's full FD rate table on Rates.my, or check where this promo lands in our own FD Rate Index.

What to watch

  • 30 Sep 2026Both the PB Special FD and RCB Special FD/TD-i campaigns close, or PBB renews for a new cycle.
  • Within 7 daysFresh funds must land within 7 calendar days of transfer, or they stop counting as fresh.
  • Your maturity dateBoth auto-renew at PBB's ordinary board rate — currently 1.85% p.a. for 12 months — not the promo one.
Not financial advice. This is general information based on Public Bank Berhad's own campaign terms and conditions, decoded from PBB's published PDFs as at 14 August 2026. It is not a recommendation to open any account, and Rates.my does not issue price targets or rate forecasts. Confirm the current terms with Public Bank before applying — campaign rates and thresholds can change.

Sources & further reading

Ready to act on this?

See Public Bank's full FD rate table

Keep reading

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This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.

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