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 Money Market Deposits |
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OSK Investment Bank (OSKIB) offers a wide range of Treasury products to our clients at competitive prices. The current products are as below :
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>> DEPOSITS |
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>> MONEY MARKET INSTRUMENT |
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>> MONEY MARKET DEPOSIT RATES |
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| Fixed Deposit & NID Rate : Effective 09 JUL 2010 |
Short Term Deposit Rate (SD Rate) : Effective 09 JUL 2010 |
| Duration |
Fixed Deposit Rate (%) |
NID Rate (%) |
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1 Month
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2.80
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2.80
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2 Months
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2.80
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2.80
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3 Months
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2.90
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2.90
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4 Months
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3.00
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3.00
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5 Months
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3.00
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3.00
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6 Months
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3.10
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3.10
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7 Months
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3.10
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3.10
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8 Months
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3.10
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3.10
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9 Months
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3.25
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3.25
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10 Months
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3.25
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3.25
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11 Months
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3.35
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3.35
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12 Months
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3.40
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3.40
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2 Years
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3.65
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3.55
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3 Years
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3.90
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3.80
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4 Years
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4.15
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4.05
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5 Years
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4.40
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4.30 |
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| Duration |
SD Rate (%) |
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Overnight
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2.60
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1 Week
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2.65
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2 Weeks
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2.70
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3 Weeks
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2.75
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| Call Money : Effective 09 JUL 2010 |
| Duration |
Rate (%) |
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Overnight
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2.60
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Contact / Enquiries |
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Please contact our Treasury Money Market team at 03 - 2039 0428 or your nearest Branches. |
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Fixed Deposit (FD) |
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A fixed deposit bears interest at an agreed rate based on a specific maturity date. The tenor may vary from 1 to 60 months. The minimum placement is RM500,000 and it offers protection from interest rate fluctuations besides giving higher rates compared to saving accounts.
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Short Term Deposit |
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A deposit placement for tenor less than a month with a minimum placement amount of RM500,000.
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Call Money |
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A deposit placed with the bank without a fixed maturity date whereby the deposit can be called back at any time with short notice. The minimum deposit placement is RM500,000.
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Negotiable Instrument Of Deposit (NID) |
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A Negotiable Instrument of Deposit (NID) is a money market instrument issued by licensed financial institutions approved by BNM for a specific sum of deposit with a fixed period of time at a prefixed interest rate. A NID is a tradable instrument which can be bought or sold before the date of maturity.
Minimum amount for NIDs: Above MYR 60,000 or its equivalent amount if denominated in foreign currency.
For more detailed information with regard to NID instrument in terms of risks factors, charges and some general key terms and conditions, kindly read together with the NID Product Disclosure Sheet provided below.
NID - Product Disclosure Sheet
This is a general disclosure of essential information for NID to promote customer’s awareness and understanding of the instrument.
Click HERE for the NID Product Disclosure Sheet
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