Bank Islam Malaysia has unveiled the “Be U Term Deposit-i TDT Extra Campaign,” offering attractive profit rates for deposits made through the Be U app.
In July 2022, Bank Islam had launched the Be U app, a fully cloud-native digital banking proposition.
Running from 11 July 2024, to 31 December 2024, this campaign targets new and existing individual customers aged 18 and above.
To participate in the campaign, eligible customers must open a Be U TD-i via the Be U app and make a single deposit placement during the campaign period.
The minimum deposit amount is RM500 for tenures of 6, 9, or 12 months, with annual profit rates of 3.75%, 3.95%, and 4.00%, respectively.
These rates are notably competitive compared to other Islamic fixed deposits in Malaysia, which generally offer rates ranging from 2.55% to 3.45% per annum for similar tenures.
There is no maximum deposit limit for this campaign. Notably, no penalty charge will be imposed on any premature withdrawal.
The campaign requires participants to use the Be U app for account opening and management, and the profit will be paid out upon maturity.
The campaign rates are protected by PIDM up to RM250,000, offering assurance to depositors in the event of bank insolvency.
Customers are encouraged to review the terms and conditions here thoroughly before participating.
Featured image credit: Edited from Freepik
