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Friday, June 8, 2007

fix deposit rate

Liberalisation on fixed deposit ratesWith immediate effect, fixed deposits placed by non-SME corporations and non-residents, regardless of the amount, will be on a full-negotiated basis and no longer subject to the floor rates prescribed by Bank Negara Malaysia.
Fixed deposits of up to RM1 million placed by individuals, SMEs and other depositors for tenures of 1 to 12 months will continue to be subject to the prescribed floor rates. The prescribed floor rates remain unchanged at 3% per annum for 1-month and 3.70% per annum for 12-month deposits.



Further information can be obtained by contacting the helpdesk at 03-2693 2617 or 03-2691 6606 which is open from 24 March 2005 to 30 April 2005 during office hours (9.00 am to 5.00 pm) on Monday to Friday. Members of the public may also forward their enquiries via e-mail address: ecams_jppa @bnm.gov.my or fax : 03-2694 3991, 03- 2691 3266 or 03-2693 7732.

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