Save up to six major foreign currencies with Al Rajhi Bank with Commodity Murabahah Foreign Currency account
SHAH ALAM - Al Rajhi Banking & Investment Corporation (Malaysia) Bhd customers can now save in six major foreign currencies when they deposit with the Bank’s Commodity Murabahah Foreign Currency Current Account-i.
The bank said customers now can earn up to 5 per cent profit rate per-annum when they deposit with the account.
The depositors will also be able to save in these denominations; AUD, EUR, GBP, SAR, SGD and USD.
In a statement, the bank said the Commodity Murabahah Foreign Currency Current Account-i would be beneficial to parents with children studying overseas, expatriates and those who travel frequently or have businesses overseas.
It said the Commodity Murabahah Foreign Currency Current Account-i also enables customers to expand their investments in foreign currencies as they keep it for future use. “Customers will only have to make an initial deposit of USD1,000 or its equivalent in any of the denominations listed above to open an individual account.
“Alrajhi bank Malaysia’s attractive returns are calculated daily and paid monthly, and there is also no lock-in period for the rate, and customers can begin to enjoy the profit rate immediately and withdraw their deposits at any time,” it said.
For more information and Terms & Conditions*, please visit Commodity Murabahah Foreign Currency Current Account-i at www.alrajhibank.com.my.
