Fixed Term Account-i

This is a term deposit account based on the Shariah concept of Tawarruq / Commodity Murabahah (i.e. purchase of an asset on a deferred basis either through musawamah or murabahah and subsequently sells the asset to a third party on cash basis). The profit rates from the accounts, which are pre-determined upfront, offers higher returns compared to the normal Savings Accounts or Current Account. FTA-i placement ranges from 1 (one) month to a maximum of 60 (sixty) months., offering the following profit rates:

* Protected by PIDM up to RM250,000 for each depositor

Profit Rates: Fixed Term Account-i

TENURE PROFIT RATE (p.a.)
1 MONTH 3.05
3 MONTHS 3.10
6 MONTHS 3.20
9 MONTHS 3.20
12 MONTHS 3.30
15 MONTHS 3.30
18 MONTHS 3.30
21 MONTHS 3.35
24 MONTHS 3.35
36 MONTHS 3.65
48 MONTHS 3.75
60 MONTHS 3.75
TENURE PROFIT RATE (p.a.)
1 MONTH 3.05
2 MONTHS 3.05
3 MONTHS 3.10
4 MONTHS 3.10
5 MONTHS 3.15
6 MONTHS 3.20
7 MONTHS 3.23
8 MONTHS 3.25
9 MONTHS 3.30
10 MONTHS 3.30
11 MONTHS 3.35
12 MONTHS 3.35
18 MONTHS 3.40
24 MONTHS 3.45
36 MONTHS 3.55
48 MONTHS 3.65
60 MONTHS 3.95

Note : Rates may be subject to change without prior notice

Features and Benefits


CUSTOMER TENURE RM
Retail & Corporate 1 Month 5,000
2 Months and above 1,000
Corporate Wholesale 1 day – 1 year 100,000

Tenure:
CUSTOMER TENURE
Retail 1 to 60 months (in multiple of one (1) month)
Corporate 1 to 12 months (in multiple of 1 month), 18, 24, 36, 48 and 60 months.
Corporate Wholesale Overnight to 1 year (in multiple of 1 day)
  • Profit rate is fixed and determined upfront upon placement
  • Capital is guaranteed
  • Flexible tenure and profit payment options such as monthly, quarterly, semi-annually, annually or upon maturity
  • Choice of renewing the principle plus profit
  • Can be pledged as security for other facilities
  • Insured by PIDM up till RM250,000 (Two Hundred Fifty Thousand Ringgit Only)
  • Brokerage Fee is absorbed by the Bank
  • Underlying asset applied is Crude Palm Oil or other commodity as approved by Shariah
  • Premature withdrawal is allowed*. No profit will be paid to the customer in the event of early or premature withdrawal for both Fixed Term Account-i (FTA-i) and Short Term Account-i (STA-i).
Eligilibity
  • Individual 18 years and above. Trust account for children below 18 years old (minors). Account must be opened and operated by their parent or legal guardian
  • Foreign individuals employed /studying in Malaysia
  • Corporate, government, SMEs, associations, clubs, societies, etc
 
 

Downloads

Product Disclosure Sheet Fixed Term Account

Download here

Terms & Conditions Fixed Term Account

Download here

Product Disclosure Sheet e-Fixed Term Account

Download here

 

Terms & Conditions e-Fixed Term Account

Download here

PIDM brochure – BM

Download here

PIDM brochure – ENG

Download here

*Terms and conditions apply.

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