Floating Rate Term Deposit-i (FRTD-i) is a Shariah-compliant term deposit that enables you the opportunity to enjoy potential increases in the profit rates landscape between lock-in periods. And you won’t need to rearrange for the next tenure; the Effective Profit Rate (EPR) shall be reset at the end of each Repricing Period and the updated EPR will be applicable to the following Repricing Period and Profit Period. alrajhi bank Malaysia determines the rates in-house, correlating them with Malaysia’s dynamic profit rate landscape.
Kindly take note that for any pre-matured withdrawal, profit shall be clawback/forfeited should the FRTD-i be uplifted prior to its stated tenure.
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