48 SMART: Foreign Currency
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Showing posts with label Foreign Currency. Show all posts
Showing posts with label Foreign Currency. Show all posts

Monday, 10 February 2014

Alliance XChange Early Bird Promotion

Alliance XChange Account is an online interest-bearing foreign currency denominated current account which offers up to 8 foreign currencies (USD, GBP, AUD, SGD, EUR, JPY, NZD and HKD). Alliance Bank does not charge Annual Fees, Account Opening Fees, Conversion Fees and Service Fees on this account. Moreover, this account can be opened conveniently via allianceonline with a low initial deposit of 500 in your choice of foreign currency denomination (except for JPY).


















Tuesday, 9 July 2013

OCBC Mega Save Promotion

OCBC has launched another series of FD promotion, the Mega Save Promotion, from 1st July until 30th September 2013. The promotion consists of 6 products and is open to individual customers.
















The promotion details are summarized in the table below:

No
Product
FD Tenure
Interest Rate
Eligibility
1
Save Together Deal (Joint)
13-month
3.70% p.a.
Min RM 10000 placement and max RM 500000 deposit.
2
Save Solo Deal
12-month
3.40% p.a.
Min RM 10000 placement and max RM 1000000 deposit.
3
Investment Deal
3-month
4.00% p.a.
Purchase any one or more of the selected OCBC Investment products.
4
Savings Deal
3-month
4.50% p.a.
Min RM 10000 placement and max RM 1000000 deposit, with 50% of equivalent amount place in CASA.
5
Premier Bank Deal
3-month
5.50% p.a.
Premier Banking customer with 3 Product Holding where 1 of the products must be non-deposit Wealth product.


There's another promotion on foreign currency time deposits. Eligible customers can enjoy additional 5.00% p.a. interest rate for 1-month tenure for the selected currencies as below:

Currency
Prevailing Board Rates (27th May 2013)
Promotional Rates (Additional 5.00% p.a.)
Australia Dollar (AUD)
2.25% p.a.
7.25% p.a.
New Zealand Dollar (NZD)
1.84% p.a.
6.84% p.a.
British Pound (GBP)
0.14% p.a.
5.14% p.a.
Singapore Dollar (SGD)
0.09% p.a.
5.09% p.a.
United States Dollar (USD)
0.00% p.a.
5.00% p.a.
Chinese Yuan (CNY)
0.50% p.a.
5.50% p.a.
Canadian Dollar (CAD)
0.12% p.a.
5.12% p.a.
Japanese Yen (JPY)
0.02% p.a.
5.02% p.a.
Euro Currency (EUR)
0.00% p.a.
5.00% p.a.


The Mega Save Promotion is almost similar to the previous promotion with the add on of foreign currency time deposits product. The only difference is that the minimum deposit amount is increased from RM 5000 to RM 10000.

Monday, 10 June 2013

AmBank Foreign Currency Fixed Deposit Campaign

AmBank's Top Rate Deposit campaign is back, this time with Foreign Currency FD! The campaign starts today and ends on 30th August 2013. The campaign is open to all new and existing AmBank individual customers and non-individual customers who open and/or maintain a Foreign Currency Account during the campaign period.





















The FD placement must be made in Ringgit Malaysia which upon placement shall be converted to respective Participating Foreign Currency according to AmBank's prevailing foreign exchange rate on the day of placement into the Participating Foreign Currency placement. Minimum placement amount shall be:

  1. AUD / USD / NZD equivalent of RM 20000 for individual customers
  2. AUD / USD / NZD equivalent of RM 50000 for non-individual customers

This is the preferential rate that eligible customers are entitled for tenure of 1-month and 3-month Foreign Currency FD account:

Currency
Tenure
Placement
Preferential Rate (p.a.)
RM equivalent
AUD
(Australian Dollar)
1 month
< 100 000
5.15%
≥ 100 000
5.30%
3 months
< 100 000
3.25%
≥ 100 000
3.40%
USD
(US Dollar)
1 month
< 100 000
2.85%
≥ 100 000
3.00%
3 months
< 100 000
1.15%
≥ 100 000
1.30%
NZD
(New Zealand Dollar)
1 month
< 100 000
5.75%
≥ 100 000
5.90%
3 months
< 100 000
3.55%
≥ 100 000
3.70%

The preferential rate is applicable for placement of one cycle of deposits only. Please take note that the Foreign Currency Account is not a principal protected product as there is fluctuation of the foreign currency exchange rate against Ringgit Malaysia. Therefore the exchange rate at the time of application may not be the same during the upliftment of foreign current to a Ringgit Malaysia account.

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