• CIMB Islamic Fixed Deposit Rate

    CIMB Islamic Bank offers fixed deposit accounts that are based on the Shariah principles of Tawarruq and Murabahah. These fd accounts offer you higher returns on your deposits. The profit rate for these fixed deposit accounts are fixed and determined up front.

    CIMB Islamic Fixed Deposit Interest Rates (Updated on 17 Nov 2018)

    Fixed Return Income Account-i – Why Wait (Tenure) Profit Rates (%p.a.)
    1 Month 3.20% p.a.
    2 Months 3.20% p.a.
    3 Months 3.25% p.a.
    Fixed Return Income Account-i – Monthly Returns (Tenure) Profit Rates (%p.a.)
    12 Months 3.35% p.a.
    15 Months 3.35% p.a.
    18 Months 3.35% p.a.
    21 Months 3.35% p.a.
    24 Months 3.35% p.a.
    36 Months 3.45% p.a.
    48 Months 3.55% p.a.
    60 Months 3.65% p.a.
    Fixed Return Income Account-i – Maturity Returns (Tenure) Profit Rates (%p.a.)
    1 Month 3.20% p.a.
    2 Months 3.20% p.a.
    3 to 5 Months 3.25% p.a.
    6 to 11 Months 3.30% p.a.
    12 to 14 Months 3.35% p.a.
    15 to 17 Months 3.35% p.a.
    18 to 23 Months 3.35% p.a.
    24 to 35 Months 3.35% p.a.
    36 to 47 Months 3.45% p.a.
    48 to 59 Months 3.55% p.a.
    60 Months 3.65% p.a.

    Types of CIMB Islamic Fixed Deposits

    CIMB offers 4 types of FD Accounts under Islamic banking. They are:

    • Fixed Return Income Account-i: Why Wait: This fd account allows you to invest for a short-term period. It is available for 1, 2 and 3 months only.
    • Fixed Return Income Account-i: Monthly Returns: This fd account is for your long-term investments where you can earn profit on a monthly basis. It is available for different tenures starting from 12 months up to 60 months.
    • Fixed Return Income Account-i: Maturity Returns: This fd is for long-term investment where you will earn profit upon maturity. It is available for different tenure ranging from 1 month up to 60 months.
    • Foreign Currency Fixed Return Income Account-i: You can enjoy high profit rates on your foreign currency funds with this fixed deposit. The profit rate for this fd is based on the currency. You will be paid returns upon maturity.

    CIMB Islamic Fixed Deposits Features and Benefits:

    • You will receive instant cash payment equivalent to the profit rate when you open a CIMB Fixed Return Income Account-i Why Wait account.
    • You can make partial withdrawals on Fixed Return Income Account-i monthly and at maturity accounts.
    • You can earn returns on your remaining funds after you make partial withdrawals.
    • Your CIMB Islamic fixed deposits will be automatically renewed upon maturity.
    • You can use the FRIA-i certificate as collateral to get other Islamic financing with CIMB.
    • You can open the foreign currency fixed deposit account in 4 different foreign currencies.
    • You can open a joint fixed deposit account with any of CIMB Islamic Fixed Deposit schemes.

    CIMB Islamic Fixed Deposit Interest Rates for Foreign Currencies

    The interest rates for 3 different foreign currencies are mentioned below. If you wish to deposit in any other foreign currency not mentioned below, you need to contact the bank for more information.

    USD
    Foreign Currency Fixed Return Income Account-i Tenure Profit Rates
    1 Week 1.30%p.a.
    1 Month 1.40%p.a.
    2 Months 1.60%p.a.
    3 Months 1.90%p.a.
    4 Months 2.11%p.a.
    5 Months 2.21%p.a.
    6 Months 2.26%p.a.
    7 Months 2.27%p.a.
    8 Months 2.29%p.a.
    9 Months 2.34%p.a.
    10 Months 2.40%p.a.
    11 Months 2.41%p.a.
    12 Months 2.46%p.a.
    GBP
    Foreign Currency Fixed Return Income Account-i Tenure Profit Rates
    1 Week 0.02%p.a.
    1 Month 0.15%p.a.
    2 Months 0.21%p.a.
    3 Months 0.28%p.a.
    4 Months 0.37%p.a.
    5 Months 0.42%p.a.
    6 Months 0.45%p.a.
    7 Months 0.47%p.a.
    8 Months 0.53%p.a.
    9 Months 0.54%p.a.
    10 Months 0.55%p.a.
    11 Months 0.56%p.a.
    12 Months 0.58%p.a.
    AUD
    Foreign Currency Fixed Return Income Account-i Tenure Profit Rates
    1 Week 1.78%p.a.
    1 Month 2.00%p.a.
    2 Months 2.15%p.a.
    3 Months 2.20%p.a.
    4 Months 2.25%p.a.
    5 Months 2.35%p.a.
    6 Months 2.40%p.a.
    7 Months 2.45%p.a.
    8 Months 2.50%p.a.
    9 Months 2.52%p.a.
    10 Months 2.52%p.a.
    11 Months 2.55%p.a.
    12 Months 2.55%p.a.

    Eligibility Criteria

    Age criteria: Depositors must have attained a minimum age of 18 years or more

    Nationality criteria: The deposit schemes are available to Malaysian citizens, Permanent Residents, and Non-residents.

    Minimum deposit amount: Fixed Return Income Account-i – Monthly Returns and Fixed Return Income Account-i – Why Wait require a minimum deposit amount of RM10,000. The Fixed Return Income Account-i – At Maturity scheme requires a minimum deposit amount of RM5,000 for a tenure of 1 month or a minimum of RM1,000 for tenures of 2 months or above.

    Documents Required for CIMB Fixed Deposit Accounts

    • Foreign Currency Fixed Return Income Account-i :
    • Individual s-Copy of NRIC or Passport (Valid & Current)
    • Business Enterprises – Form 24 & 49, Company M&A and Company’s Resolution to open an account.

    CIMB Fixed Deposit for Foreigners

    Foreigners (residents and non-residents) can open CIMB Islamic Foreign Currency Fixed Return Income Account-i. Any request to open a fixed deposit account with foreign currencies not listed above is considered by CIMB Islamic Bank on application basis. A personal visit to the nearest branch will yield more information on this.

    CIMB Islamic Fixed Deposit Fees and Charges

    CIMB Islamic Fixed Deposit Account Fees and Charges
    Reproduced Statement for Fixed Return Income Account-i (Up to 1 year) RM10.60 upfront RM2.12 for additional page
    Reproduced Statement for Fixed Return Income Account-i (Exceeding 1 year) RM31.80 upfront RM2.12 for additional page
    Fixed Return Income Account-i under Lien (If renewal or placement is for the same purpose as the FD) RM15.90 (Per receipt)
    Withdrawal (Through Banker’s cheque) RM0.15 (Stamp Duty)

    How to open a CIMB Islamic Fixed Deposit Account?

    Visit the nearest CIMB Islamic branch where bank staff will help you to open a fixed deposit account.

    Contact Number for CIMB Islamic Fixed Deposit Accounts

    +603 6204 7788 (Local)

    +603 2295 6100 (Overseas)

    FAQs

    Q. What are the terms for premature withdrawal?

    A. Premature withdrawal is allowed only on Fixed Return Income Account-i – Monthly and At Maturity accounts. You will not earn any profit if you withdraw your fixed deposit account without completing the first 3 months. If you withdraw after completing the first 3 months, then you will get 50% of the total profit earned for the completed time period only.

    Q. What are the terms for partial withdrawal?

    A. You can make partial withdrawals only on Fixed Return Income Account-i – Monthly and At Maturity accounts. Each partial withdrawal must be minimum RM1,000 and in multiples of RM1,000.

    Q. What is the required minimum balance required for partial withdrawals?

    A. You need to maintain a balance for RM1,000 on your fixed deposit account except for 1-month tenure fixed deposit.

    Q. What happens if I cannot maintain the minimum balance?

    A. If you cannot maintain the minimum balance on your fixed deposit, you need make a premature withdrawal, and close your fixed deposit account.

    Q. Can I make an online partial or premature withdrawal?

    A. No. You need to visit the CIMB Islamic Home Branch to make a withdrawal on your fixed deposit account. 

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