3 in 1 Junior Account - i
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RECOMMEND ME
RECOMMEND ME
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Give your child a headstart in life and start saving from only RM 1 to get fixed returns
HOW DOES IT BENEFIT YOU
HOW DOES IT BENEFIT YOU
Junior Savings Account - i
Profit calculated daily, Credited monthly
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Islamic Banking avoids interest-based transactions (Riba), and instead introduces the concept of buying something on the borrower’s behalf, and selling it back to the borrower at profit.
Academic excellence rewards straight-As achievers
Low initial deposit of RM1
Junior Fixed Deposit - i
Option to enrol Standing Instruction from Junior Savings Account
Flexibility of partial withdrawal without losing profit on remaining balance
Minimum placement of RM1,000
Junior Reloadable Debit Card-i
Auto-reload in multiples of RM50 (max RM500 per month) when the balance falls below RM50
View your child's transactions online
Withdraw cash from over 1 million ATMs, locally and overseas
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
Minimum 2 account holders
1. The Junior’s parent(s) or legally appointed guardian(s).
2. The Junior who is below 18 years old
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.
3. Islamic Deposit will enjoy PIDM protection.
Protected by PIDM up to RM250,000 for each depositor.
MORE INFORMATION
Minimum 2 account holders: one must be “Beneficiary” status, and below 18 years of age.
The trustee(s) must be the junior’s parent(s) or legally-appointed guardian(s). Legal guardian(s) should be the person who has been assigned to take care of Junior, in a court of law, and must have the legal documentation as proof.
The parent(s) or legal guardian(s) will remain as primary account holder and will conduct all transactions on behalf of the Beneficiary (Junior).
(wef 10/07/2020)
| Balance Tier |
New profit rates |
|---|---|
| First RM50,000 |
1.50% p.a. |
| Above RM50,000 |
0.00% p.a. |
