BAIDURI BANK TO LAUNCH FIRST CERTIFICATE OF DEPOSIT SERIES OF 2024

25 March 2024

In response to consumer demand for deposit products with higher yields, Baiduri Bank will launch a 36-month Certificate of Deposit on 1 April 2024.

Customers will earn 3.00% per annum from the Brunei-dollar denominated capital-guaranteed Certificate of Deposit, with principal and accrued interest paid upon maturity in April 2027. The Certificate of Deposit is suitable for customers who anticipate a drop in interest rates in the financial markets over the coming years.

Manuel Bulens, Deputy Chief Executive Officer, Consumer Banking, said: “We understand the importance of growing your wealth steadily and securely. Whether they’re planning for retirement or simply looking to build a nest egg, customers can lock in their savings at a higher rate than normal savings and fixed deposits.”

Customers can deposit a minimum of BND10,000 and maximum of BND500,000 with fresh funds only. The offer will end on 20 April 2024 or upon full subscription.

For the full terms and conditions of the promotion, or for more information about other products and offerings, customers can visit the Bank’s website www.baiduri.com or follow Baiduri Bank’s social media accounts.

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Important update
19 September 2023

We would like to inform you that with effect from 31 October 2023, Business i-Banking service will no longer be operational, and this will be replaced with our new Baiduri b.Digital Business service.

If your company has not transitioned to b.Digital Business, please ensure that every existing user provides the following by 8 October 2023 through the Business i-Banking Inbox:

User’s full name
User’s valid Identification Card (IC) or Passport
User’s mobile number
User's company assigned email address (General company email is not accepted e.g., [email protected])

Alternatively, you can complete the b.Digital Business Amendment Form and submit the form(s) directly to Baiduri Digital Hub, Ground Level, Baiduri Bank Headquarters.

Every user will receive a notification email at their registered email address, once they have been migrated and activated on the b.Digital Business service.

Companies who have not moved to b.Digital Business after 31 October 2023 can re-apply as a new subscriber to the b.Digital Business service. This will require additional documentations to be submitted as part of the application. Refer “Required Documents” here.

Important notice: Our Business i-Banking service will be deactivated soon. To ensure continued access and a smooth transition to the new Baiduri b.Digital Business, please provide your full name, IC, email address and mobile number via Business i-Banking Inbox. If we do not receive updated details from all authorised users, your company will not be migrated to the new platform and a fresh application will be required. For assistance, contact us at [email protected] or call 2268 637/8/9 during business hours. Thank you for your cooperation.

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To strengthen our online security measures, effective 8 January 2024, we will introduce the cooling period feature on our Baiduri b.Digital Personal web and mobile app to prevent unauthorised access.

Click here for more information.

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