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
STEPS Deposit

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.

Effective Date: 8/7/2020

Instrument Call Money
CALL MONEY 1.65%
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.

Effective Date: 8/7/2020

Instrument Short-term Money Deposits(STMD)
1 DAY 1.65%
1 WEEK 1.75%
2 WEEKS 1.80%
3 WEEKS 1.85%
1 MONTH 1.90%
2 MONTHS 2.00%
3 MONTHS 2.05%
4 MONTHS 2.10%
5 MONTHS 2.10%
6 MONTHS 2.15%
7 MONTHS 2.15%
8 MONTHS 2.15%
9 MONTHS 2.20%
10 MONTHS 2.20%
11 MONTHS 2.20%
12 MONTHS 2.25%
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.

Effective Date: 8/7/2020

Instrument Fixed Deposits (FD) (With FD Certificate)
1 MONTH 1.90%
2 MONTHS 2.00%
3 MONTHS 2.05%
4 MONTHS 2.10%
5 MONTHS 2.10%
6 MONTHS 2.15%
7 MONTHS 2.15%
8 MONTHS 2.15%
9 MONTHS 2.20%
10 MONTHS 2.20%
11 MONTHS 2.20%
12 MONTHS 2.25%

Contact Details

For more information, please email us at balance.sheet@kenanga.com.my or call us at +603-21676886

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.

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

Effective Date: 8/7/2020

Instrument Non-Retail Negotiable Instrument of Deposit (NID)
Issue
1 MONTH 1.90%
2 MONTHS 2.00%
3 MONTHS 2.05%
4 MONTHS 2.10%
5 MONTHS 2.10%
6 MONTHS 2.15%
7 MONTHS 2.15%
8 MONTHS 2.15%
9 MONTHS 2.20%
10 MONTHS 2.20%
11 MONTHS 2.20%
12 MONTHS 2.25%

Product Disclosure Sheet

Contact Us

For more information, please email us at balance.sheet@kenanga.com.my or call us at +603-21676886

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.

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 buy-back rate of 20 basis points above the certificate issue rate for the remaining tenure.

What we offer

Effective Date: 8/7/2020

Instrument Retail Exclusive Negotiable Instrument of Deposit (R-NID)
Issue
1 MONTH 1.90%
2 MONTHS 2.00%
3 MONTHS 2.05%
4 MONTHS 2.10%
5 MONTHS 2.10%
6 MONTHS 2.15%
7 MONTHS 2.15%
8 MONTHS 2.15%
9 MONTHS 2.20%
10 MONTHS 2.20%
11 MONTHS 2.20%
12 MONTHS 2.25%

Please click here for RNID Calculator.

Product Disclosure Sheet

Contact Us

For more information, please email us at balance.sheet@kenanga.com.my or call us at +603-21676886

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

Contact Us

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.

Foreign Exchange Policy

Bank Negara Malaysia (“BNM”) is committed in ensuring the foreign exchange policy continues to support competitiveness of the economy through facilitation of a more conducive environment for cross-border real economic activities. Following this, effective 30 April 2020 BNM has refined the foreign exchange policy aimed to provide greater flexibility for corporates to improve business efficiency and enhance FX risk management.

You are advised to read and understand the Foreign Exchange Notices (“FE Notices”) and ensure all the activities performed for the accounts maintained with Kenanga Investment Bank Berhad (“KIBB”) complies with the FE Notices at all times.

Please note that the FE Notices may be revised from time to time. You are advised to get the full and latest FE Notices from Bank Negara Malaysia’s website.

Please refer to the following URL links to view:

Official BNM Foreign Exchange Policy Notices
https://www.bnm.gov.my/index.php?rp=fepolicy_20200430
https://www.bnm.gov.my/index.php?lang=en&ch=fea&pg=en_fea_overview&ac=100

Summary Note:
https://www.bnm.gov.my/files/doc/fea/intro/FEP%20Refinement_Summary%20Note.pdf

Infographics:
https://www.bnm.gov.my/files/doc/fea/intro/FEP%20Refinement_Infographics.pdf

FAQs:
https://www.bnm.gov.my/files/doc/fea/intro/FEP%20Refinement_FAQs.pdf

FAQ’s Resident:
https://www.bnm.gov.my/files/doc/fea/intro/FEP%20Refinement_FAQs.pdf
https://www.bnm.gov.my/files/doc/fea/re/FAQs_Resident%20Exporter.pdf
https://www.bnm.gov.my/files/doc/fea/ria/FAQs_Resident%20Investing%20in%20Foreign%20Currency%20Assets.pdf
https://www.bnm.gov.my/files/doc/fea/rfc/FAQs_Ringgit%20and%20FC%20Borrowing%20by%20Residents.pdf
https://www.bnm.gov.my/files/doc/fea/rfg/FAQs_Financial%20Guarantee%20by%20Resident.pdf
https://www.bnm.gov.my/files/doc/fea/rpf/FAQs_Residents’%20Payment%20in%20Foreign%20Currency.pdf
https://www.bnm.gov.my/files/doc/fea/rh/FAQs_Hedging%20by%20Resident.pdf

FAQ’s Non-Resident:
https://www.bnm.gov.my/files/doc/fea/nri/FAQs_Non%20Resident%20Investing%20in%20Malaysia.pdf
https://www.bnm.gov.my/files/doc/fea/nrb/FAQs_Non%20Resident%20Borrowing%20in%20Malaysia.pdf
https://www.bnm.gov.my/files/doc/fea/nrp/FAQs%20Notice%204%20Non%20Resident%20Payment%20in%20Ringgit.pdf
https://www.bnm.gov.my/files/doc/fea/nrh/FAQs_Hedging%20by%20Non%20Resident.pdf
https://www.bnm.gov.my/files/doc/fea/Notices/Definition_and_declaration.pdf

Disclaimer:
This information is for general reference only. If you require the information for any purposes, please refer to the FE Notices published at Bank Negara Malaysia’s website and obtain (as required) independent advice. Kenanga Investment Bank Berhad accept no liability for any part of this document.

Contact Us

For more information, please call us at +603-21676999

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.
Product Highlight Sheet

Click here to view or download

How does DCI work?*²
Decide your Investment Amount MYR200,000
Choose an Investment Tenure 1 Week
Pair the Base Currency with Alternate Currency of your choice AUD/MYR
Set your preferred Strike Rate 2.7800-0.0100 = 2.7700
Confirm the enhanced rate for DCI based on the requirement above 8.80%p.a.
Investment Timeline:

The calculation is for illustration purpose only, based on investment amount of RM200,000 with strike rate at 2.7700 when AUD/MYR spot rate was at 2.7800 and Investment period of 7 days at the rate of 8.80%p.a.

This is applicable to DCI with MYR as base currency.

Contact Us

For more information, please email us at structuredinvestments@kenanga.com.my or call us at +603-2167 6999

Important Information

The returns on your structured products investment will be affected by the performance of the underlying asset/reference, and the recovery of your principal investment may be jeopardised if you make an early redemption.

This investment is not insured by Perbadanan Insurance Deposit Malaysia

STEPS Deposit

The STEPS Deposit is to be placed for a fixed tenure of twelve (12) months renewable on quarterly basis with varying step-up rates every quarter. Eligible Participant is entitled to enjoy higher interest rates for every subsequent quarter until maturity. The step-up rates are for one cycle only. The step-up rates shall become void upon full upliftment of STEPS Deposit at any point of time during the twelve (12) months period and interest shall only be paid for completed step-up tenures.

What We Offer

The STEPS Deposit will run on tranches. Any revision of rates will be notified via a new tranche announcement and published in the bank’s website.

The eligible products for STEPS Deposit are as follows:
  • Retail Negotiable Instruments of Deposit
  • Shorts Term Negotiable Instruments of Deposit
  • Fixed Deposit
The step-up rates offered for Tranche 4 on 8/7/2020 are as follows:
Tenure Step-up interest rate
(% p.a)
Effective interest rate
(% p.a)
1st quarter 2.15 2.15 (for 3 months)
2nd quarter 2.25 2.20 (for 6 months)
3rd quarter 2.35 2.25 (for 9 months)
4th quarter 2.45 2.30 (for 12 months)

(The rates are subject to change. Please refer to latest tranche announcement.)

Product Terms and Conditions
Product Disclosure Sheet (Tranche 1) 
Product Disclosure Sheet (Tranche 2) 
Product Disclosure Sheet (Tranche 3) 
Product Disclosure Sheet (Tranche 4) 
This product is not insured by Perbadanan Insurans Deposit Malaysia.

Contact Us

For more information, please email us at balance.sheet@kenanga.com.my or call us at +603-21676886

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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