• AmIslamic Fixed Deposit Rate

    AmBank Islamic provides Islamic banking solutions for all kinds of financial products and services. AmBank Islamic offers several term deposit products that are ideal to save money and earn profits. There are a variety of fixed deposits that are designed to suit your every need or preference.

    AmIslamic Fixed Deposit Interest Rates 2018

    Term Deposit-i Afdhal Term Deposit-i Am50Plus Term Deposit-i AmQuantum Term Deposit-i
    Tenure (In months) Interest Rate (% p.a.) Tenure (In months) Interest Rate (% p.a.) Tenure (In months) Interest Rate (% p.a.) Tenure (In months) Interest Rate (% p.a.)
    1 2.95% p.a. 1 to 12 2.95% p.a. 6 3.10% p.a. 15 3.30% p.a.
    6 3.05% p.a. - - 9 3.15% p.a. 18 3.30% p.a.
    12 3.15% p.a. - - 12 3.20% p.a. 21 3.30% p.a.
    24 3.30% p.a. - - 24 3.40% p.a. 24 3.35% p.a.
    36 3.35% p.a. - - 36 3.45% p.a. 36 3.40% p.a.
    48 3.40% p.a. - - 48 3.50% p.a. 48 3.45% p.a.
    60 3.40% p.a. - - 60 3.50% p.a. 60 3.45% p.a.

    Types of AmIslamic Fixed Deposits

    • Term Deposit-i: This is the basic fixed deposit account where you can enjoy a flexible tenure for up to 60 months.
    • Afdhal Term Deposit-i: This fixed deposit scheme is for short-term investments only. You can choose a tenure starting from 1 month up to 12 months.
    • Am50Plus Term Deposit-i: This fixed deposit scheme is designed exclusively for senior citizens. You can choose any tenure starting from 6 months up to 60 months.
    • AmQuantum Term Deposit-i: This fixed deposit scheme allows you to earn interest every quarter. You can choose a tenure of your choice starting from 15 months up to 60 months.

    Features and Benefits of AmIslamic Fixed Deposits:

    • All fixed deposit schemes comply with Shariah principle of banking.
    • You can enjoy a fixed profit rate for all your deposits.
    • Your principal amount is guaranteed.
    • You can deposit a low minimum amount to open a fixed deposit account.
    • You can choose a tenure of your preference.
    • You can make partial withdrawals from your fixed deposits.
    • You can get the interest credited to your savings or current account.
    • You can renew your fixed deposits along with your profit.
    • You can open a fixed deposit online via AmOnline.
    • You will get access to electronic banking centres at AmBank Islamic branches across Malaysia.

    AmIslamic Fixed Deposit Eligibility Criteria

    • Term Deposit-i:
      • Minimum 18 years and above.
      • Minimum RM1,000 for one-month tenure.
      • Minimum RM500 for a tenure of 2 months and above.
    • Afdhal Term Deposit-i:
      • Minimum 18 years and above for individuals.
      • Clubs, societies, registered associations, corporates, government sectors and business enterprises.
      • Minimum RM5,000 for any tenure.
    • Am50Plus Term Deposit-i:
      • Minimum 50 years and above for primary account holder.
      • Minimum 18 years and above for joint account holders.
      • Minimum RM5,000 for any tenure.
    • AmQuantum Term Deposit-i:
      • Minimum 18 years and above.
      • Minimum RM5,000 for any tenure.

    AmIslamic Fixed Deposit Fees and charges

    AmIslamic Fixed Deposits Fees and Charges
    Ad-hoc Statement Request RM5.00 (Per Request) RM0.30 (GST)

    How to open an AmIslamic Fixed Deposit Account?

    • Visit the nearest AmIslamic Bank where a bank representative will help you to open a fixed deposit account of your choice.
    • Fill up and submit the contact form available on the bank website. A bank representative will call you to help you open a fixed deposit account.

    Contact Number for AmIslamic Fixed Deposit Account

    The contact number for AmIslamic Fixed Deposits is 03 2178 8888.

    AmIslamic Fixed Deposit FAQs

    Q. How can I open a fixed deposit account online?

    A. You can log in to AmOnline to open an e-term deposit account. You need to have a savings or current account to open an e-term deposit account.

    Q. Can I convert an Islamic fixed deposit account to an e-term deposit account?

    A. No. To convert a normal fixed deposit account to an e-term account, you will have to close the offline fixed deposit account at the branch first. Then, you can open an e-term deposit account.

    Q. Are partial withdrawals allowed on AmIslamic fixed deposits?

    A. Partial withdrawals are allowed only on Term Deposit-i and Afdhal Term Deposit-i accounts.

    Q. What are the terms for partial withdrawals?

    A. You will be allowed partial withdrawals only if you maintain a minimum balance of RM1,000 on your Term Deposit-i account and/or a minimum balance of RM5,000 on your Afdhal Term deposit-i account. If you cannot maintain the minimum balance, you need to close your fixed deposit account.

    Q. Are premature withdrawals allowed on AmIslamic fixed deposits?

    A. Yes. Premature withdrawals are allowed on fixed deposits. The terms are different based on the specific fixed deposit schemes.

    Q. What are the specific terms for premature withdrawals?

    A. The terms for premature withdrawals are:

    • Term Deposit-i, Am50Plus Term Deposit-i, and AmQuantum Term Deposit-i: If you withdraw the fixed deposit before completing the first 3 months, you will not earn any profit. You if withdraw the fixed deposit after completing the first 3 months, you will receive a portion of the total profit earned for the completed fixed deposit period.
    • Afdhal Term Deposit-i: If you withdraw this fixed deposit before completing 7 days, you will not receive any profit. If you withdraw after completing 7 days, you will get a portion of the eligible profit. 
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