Personal

Term Deposit BND

Providing you with term deposit account facilities.

Features & Benefits

  • With a minimum deposit of only BND 1,000.00, you can enjoy higher returns than a regular savings account while planning for your finances
  • Shariah compliant term deposits accounts
  • Choose the tenor of your term deposit period: 1, 3, 6, 9, 12 , 24 & 36 months
  • The profits are paid on maturity and may be reinvested with the deposit amount
  • Deposits may be made in cash, cheque or by direct account transfer
  • Shariah Concept
    • Wakalah

      The Depositor ("Muwakkil") enters into a Wakalah Agreement with the Bank ("Wakil") and deposits a certain amount of money to the Bank to be utilized and invested in profitable Shariah-compliant transactions. The Depositor will be offered the expected profit rate from the Investments and the Bank will earn a Wakalah fee for the service rendered. Any amount that the Bank earns in excess of the Depositor's expected profit (after deducting the Wakalah fee) will be retained by the Bank as incentive

  • Eligibility
    • Brunei Citizens and Permanent Residents
    • Foreign Citizens with valid work / student permit
    • Individuals aged 18 and above
  • Required Documents
    • Original identity card or passport
  • Requirements
    • Minimum opening deposit of;

      BND 1,000.00 for term period of 3 months or longer

      BND 5,000.00 for term period of 1 month
  • Fees
  • Profit Distribution
    • No profit for termination of term deposit less than 1 month
    • Profit, at the Bank’s discretion, may be paid proportionately to the completed months at the prevailing rate at the time of termination

For more details, please refer to the Bank's Schedule of Tariffs or the list of applicable rates for this product.

Please read this Product Disclosure Sheet before you decide to take the BND Term Deposit Account. Be sure also to read the General Wakalah Terms and Conditions of Deposit Products.

Click to view General Wakalah Terms & Conditions in English and Malay.

Guaranteed protection up to maximum BND 50,000.00 per depositor under the Deposit Protection Order 2010.

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