MBSB Junior Term Deposit-i

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

MBSB Junior Term Deposit-iJunior Investment
Min. Deposit
RM500
Auto-renewal
No
Daily Interest
No
Early Withdrawal
No

Fixed Deposit Calculator

Profit Rate

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

You DepositDeposit PeriodEffective Profit Rate
min. RM5001 month1.85% p.a.
min. RM5002 months1.85% p.a.
min. RM5003 months1.9% p.a.
min. RM5006 months1.95% p.a.
min. RM5009 months2.05% p.a.
min. RM50012 months2.15% p.a.
min. RM50015 months2.2% p.a.
min. RM50018 months2.25% p.a.
min. RM50024 months2.3% p.a.
min. RM50036 months2.35% p.a.
min. RM50048 months2.4% p.a.
min. RM50060 months2.45% p.a.

Fees & Charges

Lost of Fixed Deposit Certificate
  • RM15 Service Charge

Requirements

More Information

MBSB Junior Term Deposit-i, helping your kids to save money

The importance of saving money is a lesson all good parents try to teach their children.

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 second 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.