Who is eligible to open an AFFIN Junior Saver-i?
AFFIN Junior Saver-i savings account is offered to children aged 18 years old and below.
It is easy to open a Junior Saver-i; the eligible custodian, i.e. parents or legal guardians, just needs to prepare RM1 as an initial deposit.
Do I get profit from AFFIN Junior Saver-i?
This is a profit-bearing savings account, i.e. you will earn profit on top of your deposit.
The profit rate works as a multiplier to your savings, so the more money you place with AFFIN Junior Saver-i, the higher the returns!
For example, if you have an account balance between RM1 to RM100,000, you will earn a 1.25% profit rate, which will be added to your account every month.
Savings from RM100,0001 to RM199,999 get you 1.35% profit, while you earn as high as 1.70% profit rate for savings from RM200,000 and above.
What other benefits do I get from this Islamic savings account?
It is praiseworthy to cultivate the culture of savings at a very young age, as your children will not only be financially stable in the future but also prudent in terms of money management.
With that said, you will be given the option of a Passbook or a statement to manage your children's funds.
Is my money protected under PIDM?
Absolutely. Your deposit with AFFIN Junior Saver-i will be guaranteed under PIDM for up to RM250,000.
