UOB

UOB Fixed Deposit-i

An Islamic fixed deposit account that guarantees your principal and provides fixed returns on investment. Enjoy high profit rates of 3% on longer placement tenure.

    • RM1000 minimum deposit
    • Auto-Renewal
    • Islamic
    • Early withdrawal allowed
  • You DepositDeposit PeriodEffective Profit Rate
    more than RM50001 month2.7% p.a.
    more than RM10002 months2.75% p.a.
    more than RM10003 months2.8% p.a.
    more than RM10004 to 6 months2.9% p.a.
    more than RM10007 to 12 months3% p.a.

Apply online now for UOB Fixed Deposit-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 UOB Fixed Deposit-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 UOB 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
  • RM5.30 Service Charge

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

Requirements

Are you eligible for this UOB Fixed Deposit-i?

Minimum age
18 years old
Open To
  • Malaysians
  • Foreigners

Frequently Asked Questions about UOB Fixed Deposit-i

Things you might want to know

What is this product about?

UOB Islamic Fixed Deposit-i is a Shariah compliant fixed deposit account that is based on the concept of Tawarruq/Commodity Murabahah, i.e. two sale and purchase contracts. 

Theoretically speaking, the bank will purchase a commodity from a seller on a deferred basis (a.k.a pay at a later date), which subsequently will sell the commodity to you on spot basis at marked up rate. 

For a 1-month placement, you need to deposit a minimum of RM5,000, whereas for tenures of 2 months and above, you will need to deposit RM1,000.

What type of return am I getting from this Islamic fixed deposit?

The returns on this Shariah compliant fixed deposit is fixed throughout the tenure of placement. For example, if you choose to place a principal of RM500 for 3 months, the contracted profit rate you will get is 2.8% p.a., which translates into a fixed return of RM350 for the whole tenure.

There are two options of profit payment you can select, which is either via cash upfront or upon maturity on monthly, quarterly, half-yearly or yearly basis.

Can I transfer fund from conventional account to Islamic fixed deposit account?

UOB allows for you to transfer your fund from conventional account, whether it is from current or savings account, to be placed as your Islamic fixed deposit.

Is it possible to withdraw cash before maturity?

You are allowed to make full or partial withdrawal before the maturity date, however, subject to UOB's verification and terms and conditions. Upon approval of your withdrawal request, you are required to waive your rights to claim full profit rate and grant the bank Ibra' (rebate) for any premature withdrawals.

Is my money protected by PIDM?

Of course it is! Deposits of up to RM250,000 will be insured by PIDM - don't worry!

What documents do I need to apply for UOB Fixed Deposit-i?

First, you must be 18 years old and above before you can open an Islamic fixed deposit account with UOB. You will need the documents as follows:

  • NRIC (for Malaysians) / Passport (for Foreigners)
  • Letter of Employment or Student Permit / Pass (for Foreigners only)
  • Utility bill (e.g. Water, Electricity, Telephone, Rent, Bank Statement etc) in your name and address.

Voila! Happy saving.

Read More