Bank Islam Term Deposit-i

Bank Islam Term Deposit-i allows you the flexibility of managing the growth of your wealth for up to 60 months. Profit and profit guaranteed!

Bank Islam Term Deposit-iFlexible Term Deposits
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 month2.55% p.a.
min. RM5002 months2.55% p.a.
min. RM5003 to 5 months2.6% p.a.
min. RM5006 to 8 months2.65% p.a.
min. RM5009 to 11 months2.75% p.a.
min. RM50012 months2.85% p.a.
min. RM50015 months3.05% p.a.
min. RM50018 months3.15% p.a.
min. RM50021 months3.2% p.a.
min. RM50024 to 48 months3.25% p.a.
min. RM50060 months3.35% p.a.

Fees & Charges

There are no fees associated with this product.

Requirements

Minimum Age
  • 18 years old
Who can apply
  • Any nationality
  • Trustee
  • Clubs and Societies
  • Associations
  • Companies
  • Cooperatives
  • Government
  • Non-residents
  • Malaysian residents
  • Sole proprietorship

More Information

What do I need to know about Bank Islam Term Deposit-i?

A PIDM protected Islamic investment account with the flexibility to manage your funds and watch them grow in both the short or long-term. You will receive a certificate upon signing up. 

This Shariah compliant account is based on the principle of Tawarruq, where the bank will make use of your deposits to carry out investments approved by Shariah. This Bank Islam account offers hard to beat upfront profit rate and with a guarantee on your deposit for up to RM250,000.

Can I withdraw my fixed deposit before maturity?

Partial withdrawal of your fixed deposit is not allowed. What's more, when you make a premature withdrawal of your fixed deposit before maturity date, you will no longer receive any profit payments, effective from January 2019.

Even though Bank Islam does not penalize you for making premature withdrawal, however, you are required to pay 50% of the total brokerage fee to the bank. Therefore, it is advisable to just park your money in that account until maturity date.

What do I need to bring along to open a fixed deposit account with Bank Islam?

For this account, you will need a minimum opening deposit of RM1,000 for 1-month tenure, or RM500 for 2-months and above. Remember to also bring along your Identification card!

Is there auto renewal for Bank Islam’s Term Deposit-i account?

Yes, absolutely! The profit rate will be based on the current prevailing profit rate and you will be able to choose from the following options:

  • Allowed for the same deposit amount and for the same tenure
  • Allowed for the deposit amount + profit and for the same tenure