Bank Rakyat

Bank Rakyat Term Deposit Account-i

Bank Rakyat Deposit Account-i is a low risk fixed term investment that helps you expand your savings in the Islamic way

    • RM500 minimum deposit
    • Islamic
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM50001 month3.3% p.a.
    more than RM5003 months3.38% p.a.
    more than RM5006 months3.5% p.a.
    more than RM5009 months3.6% p.a.
    more than RM50012 months3.7% p.a.
    more than RM50015 months3.75% p.a.
    more than RM50018 months3.8% p.a.
    more than RM50024 months3.85% p.a.
    more than RM50036 months3.95% p.a.
    more than RM50048 months4.05% p.a.
    more than RM50060 months4.3% p.a.

Apply online now for Bank Rakyat Term Deposit Account-i

RinggitPlus will help you every step of the way.

By typing your contact information, you agree to our terms & conditions. We respect your privacy and are committed to handle your personal information safely and responsibly.

You've almost completed your application for Bank Rakyat Term Deposit Account-i

To help you better we need to know a little bit more about your application.
Confirm your application

Oops. We can't seem to get a quote for you for a while there. Please click "Get Quote" again.

Please fill in all fields and enter a valid email

Thank you for applying with RinggitPlus!

We’ve sent you an email to help with your application.

Continue to Bank Rakyat website

If you have any questions let us know at can@ringgitplus.com, we'd love to help!

Follow us to keep in touch and not miss out on offers and promotions.

Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM10.60 Service Charge

*inclusive of 6% GST

Requirements

Are you eligible for this Bank Rakyat Term Deposit Account-i?

Minimum age
18 years old
Open To
  • Associations
  • Clubs and Societies
  • Companies
  • Cooperatives
  • Government

Frequently Asked Questions about Bank Rakyat Term Deposit Account-i

Things you might want to know

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

Bank Rakyat Deposit-i is a Syariah compliant fixed term deposit account based on Islamic principles. You can start your investment with a low initial deposit of RM500, committing to a tenure of three months or more.

The account is open to anyone aged 18 or over, Malaysian and non-Malaysian alike. Associations, Cooperatives, Corporations or Government entities can also use this product to invest funds.

The fixed deposit interest rate for individual and corporations are different. The bank offers personal accounts a slightly higher rate of interest - we only publish the personal account rate here at RinggitPlus.

How do I open this Deposit-i from Bank Raykat?

For a personal investment account you just need your Identification Card and some money, or a cheque.

For companies, you must present a certified copy of your company’s Memorandum and Association, Form 24 & 49, and a company’s resolution to open this account as well as photocopies of all authorized signatories’ Identification Card.

For sole proprietors or partnership, you'll need the business registration form and photocopies of all authorised signatories’ Identification Card.

For associations/societies/clubs, you need to submit a certified copy of your organisation’s resolution, authority letter, rules and regulations and copies of identity cards of all authorised signatories.

Can I renew this investment?

Yes. You can instruct the bank to renew once the term ends. The bank will also renew your time deposits automatically under the same terms and tenure together with the interest earned if you do not give any instruction.

Does PIDM covers this investment account?

No, however, as Bank Raykat is a Cooperative Bank, all depositors will be protected by Malaysian Government under Ministry of Finance instead.

Read More