Investments Structured Deposit Alpha Structured Deposit Prestige Structured Deposit Premier Structured Deposit Unit Trusts DWS Noor Global Equity Select Fund DWS Noor Precious Metals Securities Fund DWS Noor China Equity Fund DWS Noor Japan Equity Fund DWS Noor Asia Pacific Equity Fund Ehical Growth Fund Ethical Value Fund
Competitive Analysis OCBC Al-Wadi'ah Savings Account Maybank Savings A/c Maybank PremierOne Account- i Dividend Payout Half- Yearly dividend Payout At Bank’s Discretion At Bank’s discretion Benefits ATM card Phone Banking Internet Banking Monthly Statement Zakat Auto Deduction Service Free Giro Service 24-Hour account access MayBank Visa Money Transfer Interbank GIRO Mobile Banking Phone Banking 24-Hour account access Monthly Statement No account fees Free 1 chequebook Phone banking Mobile Banking Internet Banking 24-Hour account access Eligibility Min. Age of 15 Min. deposit of $1000 Min. Age of 15 Min initial deposit of $10 Avg daily bal. Req. is $200. Min. Age of 21 Min. Deposit of $1000 Service Fee S$2 per month if monthly avg. Bal. falls below S$1,000 - $8.50 levied if monthly avg. Bal. falls below S$3,000, Indicative Div. Rate 0.125% - 0.4%p.a. 0.25% - 0.3750% 0.25% - 0.3750%
"Hibah" or "token" in the form of dividends is distributed quarterly
Minimum balance required :500 SGD
Insurance premium of SGD 50 automatically deducted from account monthly.
Assuming a non-smoking female or male who takes up this account The figures are for illustration purposes only. Insurance eligibility and premiums are subject to underwriting. * Subject to terms and conitions Age Coverage Benefits Annual premium amount Monthly premium amount 30 year old, male Terminal illness, permanent disability, accidents and loss of property* Sum assured of S$200,000 up till age 70 S$570.00 S$50 35 year old, female Sum assured of S$500,000 up till ge 70 S$700.00 S$60
Summary of Product Premier Bank Al-wadiah Premier Savings +Protection Dividend Payout Quarterly dividend payout Benefits ATM Card Interbank GIRO Mobile Banking Phone Banking 24-Hour account access No account fees Insurance coverage of up to SGD200,000 Eligibility Min. Age of 21 Min. Deposit of $500 Service Fee S$2 per month if monthly avg. Bal. falls below S$500 Indicative Div. Rate 0.30-0.60%
No. Islamic Banking is for anyone who may wish to use interest-free banking. We welcome all customers regardless of their religious background.
2. If my Islamic Account is interest-free, how does it work?
Your money is kept in accordance with the Syariah guidelines. This means that we don't use the money you keep with us for activities that is contrary to the Syariah guidelines.
3. Who has decided that the Islamic Account is Syariah compliant?
We work with a committee of distinguished scholars who have a lot of experience in Islamic finance and the Syariah law. They guide us in our creation of Islamic Banking products which are right for you.
I am already a Premier bank customer. Can I change my existing account to the Islamic Account?
Yes. You just need to visit any Branch, and we will effect the necessary changes.