MBSB

MBSB CashRich Savings Account-i

An Islamic deposit account to keep your savings with peace of mind, with minimum initial deposit of RM100. Receive free passbook and earn profits on your balance every year!

    • Islamic account
    • Free Passbook
    • Account Statement

Features

What would make it different?

Fees & Charges

There are always fees but how much are they?

Early Closure Fee
RM10.60

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

Requirements

Are you eligible for this account?

Minimum Age
18 years old
Minimum Initial Deposit
RM100
Minimum Balance
RM50

Frequently Asked Questions about MBSB CashRich Savings Account-i

Things you might want to know

What is the CashRich Savings Account-i?

There are savings accounts and then there are Islamic savings accounts. This CashRich Savings Account-i is a Shariah compliant savings account made for you to earn more on every ringgit saved. 

Since the name itself is a giveaway, you can be sure that with this account, you will get to earn more profit on your balances compared to other regular savings accounts.

Who can apply for this account?

Unlike other savings accounts available in Malaysia, this one is open to more people and more than just people. Individual and joint account applications are both welcome for registration of this account. The perks will remain the same for both of you.

On top of that, this account is also open to clubs, societies, and associations as well. As long as you meet the requirements, you can pick up this account and enjoy its benefits. 

On that note, all Malaysians, Permanent Residents, and even Non-Residents are eligible for the CashRich Savings Account.

What does it mean for this account to be Shariah Compliant?

Since this is Savings Account-i, it is classified as Shariah compliant with there being a Shariah contract element to the account. In this case, the contract is Wadi'ah Yad Dhamanah. Along with that, applicants might also be given a Hibah (gift), at the banks discretion.

What are the account requirements?

To open the account, you will first need to meet the age band of 18 years and older. Since citizenship is not an issue, you can go ahead and make your application right now. The initial deposit required to open this account is RM100 only.

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