BSN Term Deposit-i

An Islamic term deposit open to those 15 years old and above. Keep your money safe with BSN and grow your wealth with great profit returns.

BSN Term Deposit-iWatch Your Money Grow
Min. Deposit
RM500
Auto-renewal
No
Daily Interest
No
Early Withdrawal
No

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 month2.5% p.a.
min. RM5003 months2.55% p.a.
min. RM5006 months2.6% p.a.
min. RM5009 months2.65% p.a.
min. RM50012 months2.95% p.a.
min. RM50015 to 60 months2.85% p.a.

Fees & Charges

There are no fees associated with this product.

Requirements

Minimum Age
  • 15 years old
Who can apply
  • Any nationality
  • Malaysian residents
  • Non-residents with permanent Malaysian address

More Information

Who can apply for BSN Term Deposit-i? 

Any individuals aged 15 years old and above, Malaysian citizen or non-resident with a permanent address in Malaysia can apply for BSN Term Deposit-i. This fixed deposit account also opens to non-individuals. 

All you need to prepare when applying for this fixed deposit account is a minimum deposit of RM1,000 for 1 month, or RM500 for 3 months and above.

How high is the profit rate?

The profit rate is based on your the amount of your fixed deposit and the period of placement. As you can see from the table above, the profit rate is higher when you invest the longest.

Can I withdraw my money before the tenure completed?

Effective from January 2019, when you withdraw the money in your fixed deposit account before its tenure completed, you are no longer receiving profit payment on the withdrawn amount.

In case the interest rate has been credited into your account prior to cash withdrawal, the bank will deduct some portion in your savings account to recover it.

It is highly encouraged that you keep the savings until it reaches maturity. The same terms and conditions applied when you renew your fixed deposit account.

Does BSN Term Deposit-i have auto renewal feature?

BSN Term Deposit-i comes with an auto renewal feature for up to 7 years. Your fixed deposit account will continue to invest in the same tenure and at the current prevailing rate at the time of renewal.

Is my money in this fixed deposit account safe?

Yes, it is. This term deposit account is guaranteed by the Malaysian government and PIDM for up to RM250,000 per person.