Bank Rakyat has launched a new campaign for its Term Deposit-i Account (Individual). The campaign offers a promotional profit rate for a limited time [PDF] and is open to new and existing customers. The campaign period runs from 12 August 2025 until 30 September 2025.
Eligibility and Campaign Mechanics
The campaign is open to new and existing individual customers, including those with joint or trustee accounts. To be eligible, customers must have Malaysian citizenship, this includes Permanent Residents.
To participate, eligible customers must visit a Bank Rakyat branch. The campaign requires two placements: a minimum of RM10,000 in a Term Deposit-i (Individual) for a six-month tenure, and a deposit of RM1,000 into a Savings Account-i (Tawarruq), Current Account-i (Tawarruq), or Investment-i Account Rizq Plus. The RM1,000 will be set aside and maintained in the selected account for the same duration as the Term Deposit-i tenure.
Profit Rates and Payments
The profit rate for the Term Deposit-i Account under this campaign is 3.69% per annum for a six-month tenure. Customers have the choice of receiving profit monthly or upon the maturity of the Term Deposit-i Account. The amount set aside in the other accounts will earn profit based on the prevailing board rates.
Understanding Your Deposit
The campaign’s profit rate applies to one placement cycle only during the campaign period. Upon maturity of this cycle, the Term Deposit-i will be automatically renewed based on the bank’s prevailing profit rate, subject to the customer’s instructions. Profit payments, including crediting or withdrawal, must be conducted through a Bank Rakyat Savings Account-i, Current Account-i, or Investment-i Account Rizq Plus.
Early Withdrawals
Premature withdrawal of the Term Deposit-i is only allowed in full, and no contract profit will be paid if you withdraw early. If a customer has chosen to receive monthly profit payments, the bank reserves the right to adjust the monthly profit or principal amount. Additionally, an early withdrawal of the set-aside amount from the Savings, Current, or Investment-i Account will result in a premature withdrawal of the Term Deposit-i Account.
Potential Changes to Profit Rates
The promotional rate is subject to changes in the Overnight Policy Rate (OPR). Should the OPR change, Bank Rakyat reserves the right to amend the promotional rate. Any changes will be announced on the bank’s website or through other appropriate communication channels. Fund placements made after an OPR change will be based on the new profit rates.
For further details and enquiries, customers can contact the Bank Rakyat Contact Centre at 1300 80 5454 or visit the bank’s official website.
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