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Fixed Deposit

Islamic Fixed Deposit-i Kids

Invest for your child’s future with up to 2.70% p.a Islamic Fixed Deposit-i Kids

  • Minimum Deposit:

    RM500 (for in-trust and minor for any tenure)

Features

IFD-i Kids is a feature of Islamic Fixed Deposit-i in which placements can be made for children under 18 years old. Grow funds for your loved ones while enjoying several features from IFD-i, which includes:

  • Islamic Term Deposits based on the Shariah concept of Commodity Murabahah (cost-plus-sale) where a specific asset as deemed fit by the Bank is identified and used as the underlying asset for the sale and purchase transaction between Bank and Customer.
  • Higher profit rates than a normal Islamic savings account.
  • Flexibility of tenure from 1 month up to 60 months.
  • Profits paid either monthly, half yearly, yearly or upon maturity.
  • Free Personal Accident Takaful Coverage plus medical and funeral expenses (accident only) *

* Terms and conditions apply.

         

* Protected by PIDM up to RM250,000 for each depositor.

* Click here for PIDM's DIS Brochure.

Click for Product Disclosure Sheet (PDS) and Terms and Conditions

How to apply

To apply:

Visit a Maybank or Maybank Islamic branch near you with your primary documents.


Required documents:

  • Valid MyKad for Malaysians
  • Birth Certificate

For under Guardianship, may require:

  • Legal Adoption Certificate
  • Guardianship Order

To open a new IFD-i Kids for Minor account, Parent/Guardian/Trustee is required to be present and sign an Indemnity Letter.

Rates

What rates can you expect from us?

Tenure

Profit Rates (% p.a)

1 month

2.40

2 months

2.45

3 months

2.55

4 months

2.55

5 months

2.55

6 months

2.60

7 months

2.60

8 months

2.60

9 months

2.60

10 months

2.60

11 months

2.60

12 months

2.60

13 - 35 months

2.65

36 - 47 months

2.70

48 - 59 months

2.70

60 months

2.70


*Effective from 29 April 2024

Click here for Terms and Conditions on Premature Withdrawal

Click here to view sample 31 days' prior written notice


Discontinuation of certificate issuance for Islamic Fixed Deposit-i placement for retail customers.

Effective 7 December 2019, Maybank Islamic Berhad will no longer be issuing certificates for new placements made over-the-counter (OTC) by retail individual customers. However, an acknowledgement slip will be provided to customers as evidence of the placement made.

The implementation of Certless placements will provide greater convenience for customers as presentation of placement slips for the upliftment of the Islamic Fixed Deposit-i will no longer be required from that date.

Click here for further information on Islamic Fixed Deposit-i

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