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Foreign Currency Deposits interest rates are dependent on market rates and could fluctuate from day to day. Please check with your nearest branch or contact your relationship manager for the latest Foreign Currency Deposits interest rates.

Calculation of the daily interest rate on Foreign Currency Deposits is as follows:

(Available balance x interest rate)/Number of days in the year

• A minimum deposit of USD 1,000 or its equivalent is required to open a Foreign Currency Savings Account.
• A minimum deposit of USD 10,000 or its equivalent is required to open a Foreign Currency Fixed Deposit Account.

No, there are no restrictions to open a joint Foreign Currency Deposits Account following the latest liberalisation by Bank Negara Malaysia effective 1 April 2007.

You may withdraw either by converting to a Ringgit Malaysia account, telegraphic transfers or bank drafts.

There is no charge for opening a Foreign Currency Deposits Account. However, a monthly service charge of USD10 (not including GST) or its equivalent will apply to Foreign Currency Savings Accounts whenever the monthly average credit balance falls below USD 1,000 or its equivalent for all currencies.

Yes, a penalty will be charged for any early upliftment of Foreign Currency Fixed Deposits Account.
No partial upliftment is allowed. Any early upliftment is subjected to penalty charges as below:

Total penalty = interest accrued + handling fee + replacement cost

Note:
Handling fee is USD50 (or equivalent)

Replacement cost = (current market day rate – contract rate) x remaining days to maturity

The replacement cost can be zero if the current market rate at the date of the premature upliftment is less than the deposits contract rate.