Fixed Deposit Bank Rakyat

Rates show are per annum.

Fixed deposit bank rakyat. This fixed deposit account is open to anyone aged 18 years old and above malaysian and non malaysian alike. Rm60 001 to rm10 000 000 per certificate. Period of investment month qiradh investment account rates bank rakyat term deposit account 1. 4 month 5 month 6 month.

7 month 8 month 9 month. 3 6 12 months offer period. 10 month 11 month 12 month. How does a fixed deposit account work.

Here i prepared a table to share the highest fd rate by bank rakyat. Rates per annum 1 month. Overall islamic fd products continue to offer higher interest rates compared to conventional fd products. Shariah concept tawarruq minimum deposit rm 500 2 to 60 months minimum deposit rm 5 000 1 month members of the bank rakyat offered 0 1 higher than the benefits offered to the public.

Here s a roundup of this month s updates to the best fixed deposit accounts in malaysia. Up to 2 35 p a. The bank which offer fixed deposits having a tenure that ranges between 7 days and 10 years have reduced the rates for deposits maturing between 91 days and 184 days by 50 basis points. Bank rakyat deposit i is a shariah compliant fixed deposit account that pays you high rate of returns on your placement.

Following the reduction the interest rate offered in the deposit tenure stands at 3 5 p a. Efixed deposit i interest rate. Minimum tenure is one 1 day. Tenure of more than five 5 years is subject to approval by the securities commission of malaysia.

Bank rakyat fixed deposit also known as qiradh investment account i or akaun pelaburan am i qiradh. Deposit of more than rm5 000 profit can be paid monthly minimum 6 months automatic renewal upon request deposit certificates may be used as collateral for other syariah compliant financing. In a typical fd arrangement you place a sum of money into a bank by cash or cheque and receive in return a certificate of deposit indicating the deposited amount the interest and the maturity date. At the specified maturity date you then return the certificate of deposit to the bank to withdraw your.

4 november to 31 december 2020 this promotion is open to individuals who are the account holders of a current account or savings account or current account i or savings account i and have registered for hong leong connect.