• Fixed Return Income Account-i (FRIA-i) – Maturity Returns

Fixed Return Income Account-i Maturity Returns gives you the flexibility to make partial withdrawals while your balance continues to enjoy these great profit rates.

Greater freedom to chase your dreams, and live them.

Freedom to make home feel more like home.

Freedom to travel whenever you want.

Freedom to start new chapters.

Unlock your funds, and still earn profit. 

CIMB Unfixed DepositTM lets you make withdrawals in multiples of RM1,000 while your remaining balance continues to enjoy a longer-term FRIA-i rate*.

Click here to view other available rates and charges

  • * Withdrawals shall be in multiples of RM1,000 only.

Operates according to Shariah principles of Tawarruq and Murabahah vis-à-vis Commodity Murabahah

Your money will only be invested in Shariah-Compliant activities.

Withdrawal is allowed with a minimum of RM1,000

And in multiples of RM1,000 under the same account number ( this is applicable for new and renewed FRIA-i effective 18 January 2015 onwards)

A choice of terms from 1 - 60 months

 

 

 

Save a fixed amount of  money in Ringgit for a fixed period at a fixed profit rate

Flexibility for your funds

 

 

Free up your cash whenever you need it most yet still remain your profit rate.

Profit is pre-determined and fixed upfront

 

 

 

Ensuring consistent profitability.

 

 

Earn higher returns on your savings

 

Lock your money with your Unfixed DepositTM

Attractive profit rate for each deposit tenure

 

 

 

Maximise your returns.

  • Withdrawal is allowed with a minimum of RM1,000 and in multiples of RM1,000 under the same account number ( this is applicable for new and renewed FRIA-i account effective 18 January 2015 onwards).
  • A minimum of RM1,000 needs to be maintained except for one month FRIA-i placement. 
  • Upliftment/Withdrawal before maturity is allowed through a rebate/ Ibra’ clause whereby the customer agrees to give rebate in case of early demand of Murabahah Sale Price but amount uplifted/withdrawn will be subjected to the following conditions

1. For FRIA-i placement/renewal from 1 November 2018 onwards: For full and partial withdrawal of FRIA-i of any tenure before completion of its tenure, no profit will be paid for the withdrawn amount. For partial withdrawal, upon completion of the tenure, profit based on contracted rate is payable for the amount that is not withdrawn.

2. For FRIA-i placements/renewals prior to 1 November 2018:

i. For FRIA-i of 1 month, 2 months or 3 months tenure that is fully or partially withdrawn before the completion of its tenure, no profit will be paid for the withdrawn amount. For partial withdrawal, profit on the contracted rate is payable for the amount that is not withdrawn;

ii. For FRIA-i of 4 months and above that is fully or partially withdrawn before the completion of 3 months, no profit will be paid for the withdrawn amount. For partial withdrawal, profit on the contracted rate is payable for the amount that is not withdrawn.

iii. For FRIA-i of 4 months and above that is fully or partially withdrawn after the completion of 3 months, profit of half of the contracted rate for each completed month of the withdrawn amount is payable on the withdrawn amount. For partial withdrawal, profit on the contracted rate is payable for the amount that is not withdrawn.

  • Profit is paid upon maturity
  • Interim profit is paid every 6 months for tenures above 12 months
  • Profit payments can be made via funds transfer to any CIMB Islamic Bank Savings or Current Account-i, cheque or demand draft
  • Automatic renewal
  • Option to pledge the certificate of deposits as security for financing facilities
  • Premature Upliftment: Allowed through a rebate/ Ibra’ clause whereby the customer agrees to give rebate in case of early demand of Murabahah Sale Price
  • Minimum deposit placement of RM5,000 for tenure of 1 month and RM1,000 for tenures of 2 to 60 months

1.What is Unfixed Deposit™? 
This is a fixed deposit that allows multiple withdrawals from your FRIA-i account before the maturity date.

2.Does this apply to all tenures? 
This applies to all tenures. 

3.How much is the minimum amount for a withdrawal from my Unfixed Deposit™?
Each withdrawal must be a minimum of RM1,000 and in multiples of RM1,000. This is subject to a minimum balance required for the respective tenure, otherwise, the account must be uplifted and closed.

4.Is there a minimum I need to maintain in my Unfixed Deposit™?
You just need to maintain a minimum of RM1,000 (except for 1 month Unfixed Deposit™ placement).

5.Can the withdrawal be performed via online through Clicks? 
No, at the moment, a withdrawal can only be done Over-the-Counter at your CIMB Home Branch.

6.Can I perform Unfixed Deposit™ withdrawals for deposits that have been taken as collateral for a cashline facility?
No, withdrawals are not allowed in this case, as the deposit is pledged as collateral.

7.What types of FRIA-i is Unfixed Deposit™ applicable to?
The feature can be applied to the following: (i) FRIA-i Maturity Returns (ii) FRIA-i Monthly Returns 

  Types of Charges Charge
1 Additional/ reproduction of Statements for FRIA-i Account for period up to 1 year RM10.00 (upfront)
RM2.00 (additional page)
2 Additional/ reproduction of Statements forFRIA-i Account for period exceeding 1 year RM30.00 (upfront)
RM2.00 (additional page)
3 Withdrawal of FRIA-i; to be credited to customer's account at branches within the same clearing zone Nil
4 Withdrawal of FRIA-i; to be credited to customer's account at Branches not within the same clearing zone Nil
5 Withdrawal via Banker’s Cheque RM0.15 on stamp duty charges
6 FRIA-i under Lien (charged only once if renewal/placement is for the same purpose  the FRIA-i was assigned) RM15.00 per receipt

Note: The fees and charges listed above are inclusive of any taxes, where applicable.

Eligibility:

  • Individual aged 18 years and above who are either residents or non-residents, personal or joint account.
  • Firms, companies, associations, societies, clubs, etc.

Eligibility:

  • Individuals aged 18 years and above who are either residents or non-residents – personal or joint account
  • Firms, companies, associations, societies, clubs, etc

Eligibility:

  • Individuals aged 18 years and above who are either residents or non-residents – personal or joint account
  • Firms, companies, associations, societies, clubs, etc

Eligibility:

  • Individuals aged 18 years and above who are either residents or non-residents – personal or joint account
  • Firms, companies, associations, societies, clubs, etc

Requirements:

  • Minimum deposit placement of RM5,000 for tenure of 1 month.
  • Minimum deposit placement of RM1,000 for tenures of 2 to 60 months.
  • With deposit increment in multiples of RM1.

Protected by PIDM up to RM250,000 for each depositor. To view PIDM's brochure, click here.

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