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.

Bank Rakyat Term Deposit Account-iLow Risk Investment
Min. Deposit
Daily Interest
Early Withdrawal

Fixed Deposit Calculator

Profit Rate

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

You DepositDeposit PeriodEffective Profit Rate
min. RM5,0001 month1.85% p.a.
min. RM5002 months1.9% p.a.
min. RM5003 to 5 months2% p.a.
min. RM5006 to 8 months2.15% p.a.
min. RM5009 to 11 months2.2% p.a.
min. RM50012 to 18 months2.4% p.a.
min. RM50024 months2.5% p.a.
min. RM50036 months2.6% p.a.
min. RM50048 months2.65% p.a.
min. RM50060 months2.7% p.a.

Fees & Charges

Lost of Fixed Deposit Certificate


    Minimum Age
    • 18 years old
    Who can apply
    • Any nationality
    • Associations
    • Clubs and Societies
    • Companies
    • Cooperatives
    • Government
    • Malaysians
    • Foreigners

    More Information

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

    Bank Rakyat Deposit-i is a Shariah compliant fixed deposit account that pays you high rate of returns on your placement. 

    This fixed deposit account is open to anyone aged 18 years old and above, Malaysian and non-Malaysian alike. 

    Non-individual depositors and cooperative can also use this savings product to invest funds.

    How do I open Bank Rakyat Term Deposit-i?

    You can open a fixed deposit account via online or over-the-counter at Bank Rakyat branches. All you need to prepare is an initial deposit, identity card and some supporting documents.

    The minimum initial deposit amount for individual account is RM5,000 for 1 month.

    For fixed deposit placement of 2 to 60 months, your initial deposit is RM500, and there is no maximum amount you can deposit.

    The best part is, there is no processing fee when you open this fixed deposit account. You only need to pay a Stamp Duty of RM10 for the Certificate.

    Can I withdraw the money before maturity date?

    Yes, and you can only make a full withdrawal of your fixed deposit. 

    Effective from January 2019, when you make premature withdrawal of your fixed deposit, you will no longer receive profit payment, not even a partial amount. 

    Therefore, it is advisable to keep your money in that account until maturity.

    Can I renew my fixed deposit after completing a tenure?

    Yes you can. In fact, your fixed deposit account is already subject to an automatic renewal upon maturity. 

    The profit rate upon automatic renewal will follow the bank's prevailing profit rate.

    How can I receive Takaful coverage?

    To enjoy Takaful coverage for free, you need to deposit a minimum of RM10,000 into your fixed deposit account for a minimum tenure of 12 months. 

    Other than that, just make sure that fixed deposit remains active. 

    This coverage offers a one-off compensation worth RM10,000 in the event of death and permanent disability for customer aged between 18 to 65 years only.

    Does PIDM covers this fixed deposit account?

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