AmBank Islamic Term Deposit-i

Start investing the easy way! Hassle-free money management online with AmBank Islamic Term Deposit-i with a low initial deposit and auto-renewal.

AmBank Islamic Term Deposit-i
Min. Deposit
RM500
Auto-renewal
Yes
Daily Interest
No
Early Withdrawal
Yes

Fixed Deposit Calculator

Profit Rate

What you earn based on the amount that you have in your account

You DepositDeposit PeriodEffective Profit Rate
min. RM1,0001 month1.85% p.a.
min. RM5002 months1.85% p.a.
min. RM5003 months2.25% p.a.
min. RM5004 to 5 months2.3% p.a.
min. RM5006 to 11 months2.4% p.a.
min. RM50012 months2.45% p.a.
min. RM50015 to 24 months2.5% p.a.
min. RM50036 months2.55% p.a.
min. RM50048 to 60 months2.6% p.a.

Fees & Charges

Lost of Fixed Deposit Certificate
  • RM5 Service Charge
Additional Statement Request
RM5 per document

Requirements

Minimum Age
  • 18 years old
Who can apply
  • Any nationality
  • Clubs and Societies
  • Associations
  • Government Bodies
  • Sole proprietorship
  • Partnerships
  • Companies

More Information

What do I need to know about AmBank Islamic Term Deposit-i?

AmBank Islamic Term Deposit-i is a Shariah-compliant fixed deposit based on the Islamic principle of Commodity Mudarabah where you assigned the bank to invest your saving on your behalf.

You can start with a low initial saving of RM500 if you want to place your savings for two months to five years tenure. 

For one month's tenure, the minimum requirement is RM1,000.

You can choose either to place for 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 15, 18, 21, 24, 36, 48 or 60 months.

You can make placement and redemption conveniently with AmOnline if you have signed up for online banking services. 

No certificate will be issued, instead, you can print the confirmation as proof.

How do I open this AmBank Islamic Term Deposit-i?

This investment account is only available for individuals aged 18 and above. Registered clubs, associations or corporate companies are also allowed to deposit in Term Deposit-i.

If you do not have an existing account with AmBank Islamic or AmBank, you need to open one first. To open a savings account, the minimum deposit is RM20.

If you have AmOnline, you can easily open and instruct the placement which will take place immediately.

Can I withdraw my investment before maturity?

Yes, you can. However, there will be no profit paid for premature withdrawals made within 3 months of the placement date. 

After 3 months, you get half of the pro-rated profit.

Can I partially withdraw my investment?

It's possible with AmBank Islamic Term Deposit-i provided that there is a remaining balance of at least RM1,000 in your term deposit account.

Can I renew this investment?

Yes. The bank will automatically renew for you under the same terms and tenure together with the interest earned if you do not give any instruction or withdraw your savings on the maturity date. 

You can also do this easily online.

How do I get the money?

The profit will be payable and transferred into your Current Account or Savings Account at maturity for those investments 12 months and below, whereas the bank will credit the profit half yearly for those investing more than 12 months.

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