MBSB

MBSB Junior Term Deposit-i

Invest in your child's future with high profit rate from MBSB Islamic Junior Term Deposit-i.

    • RM500 minimum deposit
    • Islamic
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM5001 to 2 months3.1% p.a.
    more than RM5003 months3.1% p.a.
    more than RM5006 months3.25% p.a.
    more than RM5009 months3.35% p.a.
    more than RM50012 months3.4% p.a.
    more than RM50015 months3.5% p.a.
    more than RM50018 months3.55% p.a.
    more than RM50024 months3.6% p.a.
    more than RM50036 months3.7% p.a.
    more than RM50048 months3.85% p.a.
    more than RM50060 months4.1% p.a.

Apply online now for MBSB Junior Term Deposit-i

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Fees & Charges

There are always fees but how much are they?

Lost of Fixed Deposit certificate
  • RM15.90 Service Charge

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

Requirements

Are you eligible for this MBSB Junior Term Deposit-i?

Maximum age
18 years old

Frequently Asked Questions about MBSB Junior Term Deposit-i

Things you might want to know

The importance of saving money is a lesson all good parents try to teach their children.Let MBSB help you out with its Junior Term Deposit-i account

The Junior Term Deposit-i is a Shariah compliant deposit account based on the concept of Tawarruq. It is also a joint account that has the parents or legal guardian of the minor act as the account trustee over the tenure period.

Account details you will need

Since this is a junior account, the initial placement amount is at RM500, with flexible tenures from 1 month up to 60 months.

This account also has multiple profit payment options. If you choose to have a tenure between 1 and 12 months, so up to a year, your profit will only be credited to you at the end of your tenure, upon maturity.

However, if you choose to have a tenure longer than a year, 15 months and up, you have the secondary option of receiving your profit on either a monthly or quarterly basis.

Stipulations and Conditions?

There aren’t many conditions that this account requires you to comply with. However, do take note that it does not allow for any top ups before the maturity of the tenure period. It also does not allow for partial withdrawal before the end of your tenure.

There is an auto renewal function that you are welcome to, it will help you avoid the hassle of having to go to the bank to renew your tenure. In the case that you do wish to withdraw your placement prematurely, please be prepared to lose half if not all of your profit made so far.

What are the fees I need to pay?

There are no fees that you need to pay! All commodity trading and brokerage fees will be borne by the bank.

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