Purpose Saver Account
An account with a regular savings plan which makes it much easier for you to achieve your goals.
Reach your goals easily through disciplined savings with the help of purpose saver.
Simply open your account with just a few clicks through NEXGEN online.
Eligibility
- Existing BIBD account holder.
- Brunei Citizens and Permanent Residents.
- Foreign Citizens with valid work / student permit.
- Individuals aged 18 and above.
Required Documents
- Original identity card or passport.
- Proof of employment. (latest salary slip, letter of employment or valid Staff ID)
* Required for first time account opening and any changes to the employment (for existing customers)
Requirements
- Minimum opening deposit and monthly balance of B$ 50.00 is required.
Fees
- Refer to the Bank's Schedule of Tariffs.
Features
Earn dividends and maximise value
Open your account online
Easy access to your account through NEXGEN
Pay zakat conveniently with our services
Suitable For
Retired Individuals
Working Professionals
Wakalah
Refers to Agency contract. The Depositor (“Muwakkil”) appoints the Bank as their agent (“Wakil”) to utilize and invest their deposits in profitable Shariah-compliant transactions. The Depositor will be offered an expected profit rate from the investments and the Bank will earn an Agency (“Wakalah”) Fee for the service rendered. Any amount that the Bank earns in excess of the Depositor’s expected profit will be retained by the Bank as Commission (“Ju’alah”).
The profit distribution is paid subject to no withdrawal transactions within the month.
Please read the General Wakalah Terms & Conditions of Deposit Products (English) and Product Disclosure Sheet before you decide to take up the product.
For more details, please refer to the Bank’s Schedule of Tariffs or the list of applicable rates for this product.
Guaranteed protection up to maximum B$ 50,000.00 per depositor under the Deposit Protection Scheme.