List of Services

Short and Long Term Deposits
Issuance of Negotiable Instruments of Deposit (NID)
Issuance of Retail Negotiable Instruments of Deposit (R-NID)
Fixed Income Instruments
Foreign Exchange
Structured Investments

Short and Long Term Deposits

We support a variety of short and long term deposit options. The 3 options that we provide are Call Money Deposits, Short Term Money Deposits and Fixed Deposits.

What we offer

Call Money Deposit (CMD)

Call Money Deposit is a flexible cash management solution which has no fixed maturity date with the principal and interest payable upon notice of withdrawal. The minimum deposit required is RM500,000.

Instrument Call Money
CALL MONEY 2.9%
Short Term Money Deposit (STMD)

Short Term Money Deposit is an interest-bearing deposit account for a fixed term of 1 day to 365 days at a specified interest rate with the principal and interest payable upon maturity. The minimum deposit required is RM500,000.

Instrument Short-term Money Deposits(STMD)
1 DAY 2.95%
1 WEEK 3.00%
2 WEEKS 3.05%
3 WEEKS 3.10%
1 MONTH 3.20%
2 MONTHS 3.25%
3 MONTHS 3.40%
4 MONTHS 3.45%
5 MONTHS 3.45%
6 MONTHS 3.50%
7 MONTHS 3.55%
8 MONTHS 3.55%
9 MONTHS 3.60%
10 MONTHS 3.60%
11 MONTHS 3.60%
12 MONTHS 3.65%
Fixed Deposit (FD)

Fixed Deposit is an interest-bearing deposit account of a minimum tenure of 1 month up to 60 months at a specified rate with the principal and interest payable upon maturity. The minimum deposit required is RM500,000.

Instrument Fixed Deposits (FD) (With FD Certificate)
1 MONTH 3.20%
2 MONTHS 3.25%
3 MONTHS 3.40%
4 MONTHS 3.45%
5 MONTHS 3.45%
6 MONTHS 3.50%
7 MONTHS 3.55%
8 MONTHS 3.55%
9 MONTHS 3.60%
10 MONTHS 3.60%
11 MONTHS 3.60%
12 MONTHS 3.65%

Issuance of Negotiable Instruments of Deposit (NID)

Negotiable Instrument of Deposit is an interest-bearing certificate with a minimum tenure of 1 month at a specified rate of returns with the principal and interest payable upon maturity. The minimum deposit is any amount above RM60,000 and the certificate can be traded in the secondary market.

What we offer

Instrument Non-Retail Negotiable Instrument of Deposit (NID)
Issue
1 MONTH 3.20%
2 MONTHS 3.25%
3 MONTHS 3.40%
4 MONTHS 3.45%
5 MONTHS 3.45%
6 MONTHS 3.50%
7 MONTHS 3.55%
8 MONTHS 3.55%
9 MONTHS 3.60%
10 MONTHS 3.60%
11 MONTHS 3.60%
12 MONTHS 3.65%

Issuance of Retail Negotiable Instruments of Deposit (R-NID)

Retail Negotiable Instrument of Deposit is an interest-bearing certificate with a minimum tenure of 1 month at a specified rate of returns with the principal and interest payable upon maturity. The minimum deposit is RM10,000 and the certificate can be sold back to the bank, at the prevailing Bank buy back rates on certificate remaining tenure.

What we offer

Instrument Retail Exclusive Negotiable Instrument of Deposit (R-NID)
Buyback Issue
1 MONTH 3.85% 3.20%
2 MONTHS 3.90% 3.25%
3 MONTHS 4.05% 3.40%
4 MONTHS 4.15% 3.45%
5 MONTHS 4.15% 3.45%
6 MONTHS 4.20% 3.50%
7 MONTHS 4.20% 3.55%
8 MONTHS 4.20% 3.55%
9 MONTHS 4.25% 3.60%
10 MONTHS 4.30% 3.60%
11 MONTHS 4.30% 3.60%
12 MONTHS 4.35% 3.65%

Fixed Income Instruments

Our Treasury division offers various Fixed Income instruments such as Bonds, Sukuk, Short or Medium Term Notes and Commercial Papers.

What we offer

They include the following:

  • Malaysian Government Securities (MGS)
  • Government Investment Issue (GII)
  • Cagamas Bonds
  • Treasury Bills (T Bills)
  • Islamic Treasury Bills (I-T Bills)
  • Bank Negara Monetary Notes (BNMN)
  • Cagamas Notes
  • Khazanah Bonds
  • Commercial Papers
  • Medium Terms Notes
  • Private Debt Securities
  • Underwriting, subscribing and market making in new issues of Conventional and Islamic Private Debt Securities
  • Placement, Sale and Distribution of new issues of Conventional and Islamic Private Debt Securities

Foreign Exchange

We support our clients’ foreign exchange needs including hedging of foreign currency exposure be it for trade purposes or for investing in international markets.

What we offer

At Kenanga, we offer competitive prices for spot contracts and forward contracts in foreign exchange.

Structured Investments

We support our clients’ investment needs with an array of yield enhancement solutions which include Dual Currency Investment (DCI).

What we offer

DCI is a short term currency-linked investment with potentially higher interest rate return than prevailing fixed deposit. The investor has the flexibility of selecting their preferred currency pair, strike rate and investment tenure.

On Investment maturity date, Investor may receive principal and interest return on the investment in either base currency or in alternate currency at the pre-agreed strike rate.

Dual Currency Investment (DCI) is a non-principal protected term investment and is not insured by PIDM. (Perbadanan Insurans Deposit Malaysia)

Why choose DCI?
  • Higher enhanced interest rate return.
  • Short term investment. (1 week up to 6 months)
  • No fees and charges involved.
  • Flexibility in selecting your choice of currency pair, strike price and investment tenure.
  • Suitable for investors with investment or personal need of alternate currency.
  • Minimum investment amount of RM50,000 or its equivalent in foreign currency.
Who is Eligible Investor?

Individual who meet the criteria of Eligible Investor as stated in Schedule 6 & 7 of Capital Markets and Services Act (CMSA) 2007:

  • Total net personal assets, or total net joint assets with his or her spouse, exceed MYR3 million or its equivalent in foreign currencies, excluding the value of the individual’s primary residence, OR
  • Has a gross annual income exceeding MYR300,000 or its equivalent in foreign currencies per annum in the preceding twelve (12) months, OR
  • Jointly with his or her spouse, has a gross annual income exceeding MYR400,000 or its equivalent in foreign currencies per annum in the preceding twelve (12) months.
For Corporation

Total net assets exceeding MYR10 million or its equivalent in foreign currencies based on the last audited accounts.

For Partnership

Total net assets exceeding MYR10 million or its equivalent in foreign currencies.

What are the key risks?
  • Credit Risk
    This investment is not insured by Perbadanan Insurans Deposit Malaysia (PIDM). When investing in this product, Investor is placing funds with the Bank and is therefore relying on the Bank’s ability to pay any interest and the investment amount at maturity.
  • Market Risk
    The market value of this investment is subject to many factors, including, but not limited to the foreign exchange rate, levels of foreign exchange rate volatility and the implied future direction and liquidity of such factors.
  • Currency Risk
    Investor is subject to the risks of fluctuation in the Alternate Currency should the Investment in Base Currency convert to Alternate Currency.
  • Premature Withdrawal Risk
    If the investment is redeemed by the investor prior to maturity date, the investor may LOSE PART or ALL of the principal amount invested.

IMPORTANT NOTICE

Revision on Term Deposit interest/profit on premature/partial withdrawal Dear Valued Customers, Effective 1 January 2019, no interest/profit shall be paid for premature/partial withdrawal made on Term Deposit regardless the number of completed months/days. Premature/partial withdrawal made before 1 January 2019 will not be affected by this revision. Customer may call our Treasury dealers for assistance,  should the customer require further information. Call 03-21676886 for more information. Thank you for your continuous support.

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