HSBC

HSBC Amanah Term Deposit-i

An Islamic fixed deposit account gives you higher rate of returns, with a lower placement amount starting from RM1,000 and flexibility to deposit in foreign currency.

    • RM1000 minimum deposit
    • Auto-Renewal
    • Islamic
    • Early withdrawal allowed
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM50001 month2.75% p.a.
    more than RM10002 months2.75% p.a.
    RM5000 - 300003 months5% p.a.
    more than RM10004 to 11 months2.85% p.a.
    more than RM100012 to 17 months2.9% p.a.
    more than RM100018 to 23 months3.1% p.a.
    more than RM100024 to 35 months2.5% p.a.
    more than RM100036 to 47 months3.5% p.a.
    more than RM100048 to 59 months3.8% p.a.
    more than RM100060 months3.9% p.a.

Fees & Charges

There are always fees but how much are they?

Additional Statement Request
RM5.30 per document

All fees & charges are inclusive of 6% GST if applicable

Requirements

Are you eligible for this HSBC Amanah Term Deposit-i?

Minimum age
18 years old

Frequently Asked Questions about HSBC Amanah Term Deposit-i

Things you might want to know

What do I need to know HSBC Amanah Term Deposit-i?

HSBC Amanah Term Deposit-i is an Islamic fixed deposit account whereby you place a portion of your money into this account for a specific period of time to earn a percentage of return. 

There are 2 types of returns you can choose from: (1) upon maturity (standard scheme), or (2) upfront payment scheme. 

For the standard scheme, the profit will be paid on the maturity date; or at 6-month intervals if placement exceeds 12 months. For the upfront payment scheme, your profit rate will be be declared upon successful placement of the deposit. 

How much money can I place and for how long?

For a tenure of 1 month, you are required to place a minimum of RM5,000, whereas for tenure of 2 months and above, the minimum deposit amount is RM1,000. 

It is also worth mentioning that you have the flexibility to place an amount in local and foreign currencies such as USD, GBP, EUR, AUD, SGD and NZD.

Regardless of the amount you placed in the account, the profit rate applicable to your deposit depends on the tenure you chose. That said, the longer you keep the money, the higher the rate of returns!

Do I still get profit for making partial / full withdrawal?

It depends, regardless of the type of returns (standard or upfront) you have selected. At any situations, if you make a withdrawal within 3 months or less after placement, you will not be paid any profits.

However, if you have a fixed deposit placement of 3 months and above, you will only receive half of the profits for the completed months when you perform an early withdrawal. 

How to apply for HSBC Amanah Term Deposit-i?

You can apply here at RinggitPlus by clicking APPLY NOW button above, provided that you have met the requirements as follows:

  • Must be 18 years old and above; and
  • Holder of NRIC, Passport or PR status.

Will my Term Deposit-i be auto renewed upon maturity?

Only if you don't take out your investment after it has matured. HSBC Amanah will renew your Term Deposit-i under the same placement tenure.

Is my fixed deposit guaranteed under PIDM?

Absolutely. Your Term Deposit-i placement with HSBC Amanah is eligible for protection by PIDM for up to RM250,000.

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