When it comes to saving for short-term financial goals, many people are searching for an option that offers guaranteed returns, no risk, and protected by PIDM. Our new Be U Term Deposit-i, fits these criteria perfectly.

Whether you're planning a dream vacation, a wedding, or saving for a down payment on a home, term deposits can help you reach your financial goals efficiently.

Why Choose Be U Term Deposit-i for Short-Term Goals?

Be U Term Deposit-i can provide several advantages which are:

• Guaranteed Returns: The profit rate is fixed for the term, ensuring predictable growth.
• No Risk: Term deposits are no risk, making them ideal for short-term goals where deposit preservation is crucial.
• Safe and Protected: Be U Term Deposit-i is protected by Perbadanan Insurans Deposit Malaysia (PIDM), which protects your deposit up to RM250,000 for each depositor.

Examples of Short-Term Goals and How Be U Term Deposit-i Can Help

1. Saving for a Vacation

Imagine you want to spend RM2,000 for vacation in 6 months. Instead of leaving your savings in a regular savings account with a lower profit rate, you can place your money in a 6-month term deposit with Be U. Suppose the profit rate is 3.75% per annum; after just 6 months, you would earn RM37.79 in profit, bringing your total to RM2,037.79. This ensures your vacation fund grows safely.

2. Planning a Wedding

Weddings can be expensive, with costs often running into the thousands. If you're planning to spend RM15,000 on your wedding in a year, a 1-year term deposit can help. With a profit rate of 4.00% per annum, your deposit will grow to approximately RM15,611.12 by the end of the term. This RM611.12 added can cover unexpected expenses or allow you to spend on something extra for the wedding.

Make a deposit with Be U Term Deposit-i through the Be U by Bank Islam app with these easy steps:

If you are a Be U Qard Savings Account-i holder, open the Be U app and go to the Discover screen. You will see the Term Deposit-i section.

After continuing with a few steps, you will arrive at this TD-i Calculator screen. Here you can enter how much money you want to deposit and the deposit tenure (how long you wish the fund to stay inside your Be U Term Deposit-i account).

Tip: Ensure the term of the deposit matches the timeline of your financial goal. If your goal is one year away, choose a 12-month term deposit.

Based on the amount of money deposited, tenure duration, and profit rate per annum, you will be provided with the expected amount of money to be earned by the end of the term.

Then, in this screen, you can select your source of fund. It can be your salary, savings, Kumpulan Wang Simpanan Pekerja (KWSP), or others.

Yay, done! If you reach this screen, it means you have successfully created your Be U Term Deposit-i account!

Moving forward, you can see and manage your Be U Term Deposit-i anytime through the Be U app: Discover > Term Deposit-i.

Using Be U Term Deposit-i to save for short-term financial goals is a smart and safe strategy. With guaranteed returns and no risk, it provides a stable foundation for achieving your goals, whether it's a vacation, wedding, or car deposit.

By choosing the right term and amount, you can ensure your savings grow efficiently, helping you reach your financial goals with confidence.

Make a deposit with Be U Term Deposit-i now, through Be U by Bank Islam app.