Foreign Currency Fixed Deposit Promotion with Special FX rate
Promotion:
Foreign Currency Fixed Deposit Promotion with Special FX rate
Promotion Period:
9 February 2023 – 30 April 2023
Eligibility:
- Open to all new and existing BOCM individual customers aged 18 years and above.
- Must have RMB Savings/Current Account and/or USD Current Account
- Must enrol for BOCM’s e-Statement facility (except for individual customers aged 55 and above).
- This Promotion applies to Fresh Funds only. “Fresh Funds” means monies or funds howsoever transferred, credited, or paid into the FD Account or Nominated Account from other bank(s) and / or financial institutions by way of (i) cash, (ii) interbank GIRO transfers (iii) telegraphic transfer (iv) DuitNow (v) bank draft (vi) collection and payment of cheques drawn on such other bank(s). Transfers of funds from other branches of BOCM or from any existing account with BOCM are not considered as Fresh Funds.
Promotion Details:
Promotional Fixed Deposit (FD) Rate
| Eligible Product |
Tenure | Promotional FD Rate |
Minimum Placement Amount |
Fund Type |
|---|---|---|---|---|
| RMB FD | 12 Months | 2.00%p.a. | CNY20,000 | Fresh Funds |
| USD FD | 3 Months | 4.70%p.a.* | USD10,000 | Fresh Funds |
* The effective annual interest rate is 4.29%p.a. assuming 3 Months USD FD is renewed for the same tenure at the board rate of 4.15%p.a. as at 8 February 2023, subject to the revision.
Promotional Foreign Currency Exchange (FX) Rate
| Eligible Product ^ | Promotional FX Rate |
|---|---|
| RMB FD | 500 points lower than BOCM prevailing published TT Sell exchange rate |
| USD FD | 200 points lower than BOCM prevailing published TT Sell exchange rate |
^ The Promotion FX Rate refers to the lower foreign currency TT Sell exchange rate offered by BOCM to Eligible Customer for RMB FD & USD FD placements made by conversion of Malaysia Ringgit (MYR).
Protected by PIDM up to RM250,000 for each depositor
Member of PIDM
The Promotion is available at all BOCM branches in Malaysia. For detailed “Foreign Currency Fixed Deposit Promotion with Special FX rate” Terms and Conditions, please click here
Gentle Reminder
There is an inherent foreign exchange rate risk due to the fluctuation of the RMB and USD exchange rate against Ringgit Malaysia.
