Junior Fixed Deposit - i
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
Option to enroll Standing Instruction from Junior Savings Account
Flexibility of partial withdrawal without losing profit on remaining balance
Minimum placement of RM1,000
HOW DOES IT WORK
HOW DOES IT WORK
1. Check your eligibility
Find out if this account is the right match for you:
For Malaysians and non-Malaysians
18 years old and below at the point of account opening
Age is calculated based on the actual date of birth
2. Shariah Concept applicable
By applying, you are appointing HLISB as an agent to purchase a commodity with a price equivalent to your deposit amount. You will then sell the commodity to HLISB at a profit, and thereafter HLISB will sell the commodity to a third party to obtain cash on the basis of Tawarruq.
MORE INFORMATION
Trust Account
Minimum 2 account holders – one must be “Beneficiary” status and aged 18 years and below.
The trustee(s) must be the junior’s parent(s) or legally-appointed guardian(s). The legal guardian(s) should be the person who has been assigned to take care of the junior in the court of law and must have the legal documents to prove it.
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor.
(wef 8/2/2023)
Tenure |
Profit Rate (p.a.) |
|---|---|
1 month |
2.15% |
2 – 3 months |
2.25% |
4 - 5 months |
2.35% |
6 months |
2.30% |
7 – 11 months |
2.40% |
12 - 60 months |
2.40% |
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor
