Bank Muamalat offers fixed deposit promotions from time to time. You can earn better returns when you invest the savings in these promotional campaigns. The campaigns may have different minimum deposit amount and come with certain deposit tenures. Take a look at the current offers available.
Bank Muamalat Fixed Deposit Promotion
Currently, the bank is offering the “Wang Besar Campaign”. Open a Fixed Term Account-i (FTA-i) with Bank Muamalat and make a minimum deposit of RM10,000 for a period of 6 months. You can get a promotional rate of 3.99% p.a. on the deposit amount. The deposit must be maintained throughout the tenure to get the promotional benefits.
|Participating Product||Minimum Deposit Amount||Deposit Tenure||Promotional Rate (% p.a.)|
|Fixed Term Account-i||RM10,000||6 months||3.99|
Bank Muamalat Fixed Deposit Promotion Start and End Date
The campaign began on 15 October 2018 and is valid until 14 April 2019.
Bank Muamalat Fixed Deposit Promotion Terms and Conditions
- The deposit must be made in fresh funds.
- The profit will be paid upon maturity.
- Partial withdrawal is not allowed.
- In the case of premature withdrawal, you are subject to pay a part or full Ibra’ to the bank.
- Existing board rates will be applicable when a premature withdrawal is made.
- You can choose auto-renewal upon maturity. However, prevailing board rates will be applicable to the new cycle.
Make note of the minute details of the promotion, such as the campaign period, minimum deposit amount, tenure, and any other accompanying criteria. It is also important to read and understand the eligibility criteria so that you will be able to figure out if you qualify. Compare this FD promotion with other promotions to make an informed decision.
Q. How do I know if I am eligible for the promotion?
A. The eligibility criteria for the promotion are given below:
- You can be a new or an existing customer of the bank.
- Your age must be a minimum of 18 years.
Q. Is there a restriction on the maximum amount I can deposit?
A. No. The bank does not specify any amount as the maximum limit for the campaign.
Q. I am an employee of the bank. Can I get the benefits of the promotion?
A. Yes. Employees of the bank and its subsidiaries are eligible to get the benefits of the promotion. This is valid irrespective of your position held with the bank and whether you are a permanent or a temporary employee.
Q. Can I deposit funds in the MTA-i by transferring from my BMMB Current Account?
A. No. Funds taken from your BMMB Savings/Current Account are not considered to be fresh funds and cannot be used to deposit in the MTA-i.
Q. Is the campaign available for non-individuals? If so, what is the promotional rate applicable?
A. Yes. The campaign is available for non-individuals as well. The promotion rate applicable is the same as the one for individuals, i.e. 3.99% p.a. for a 6-month tenure.