 Money Market Investments
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Money Market Investments ("MMI") is an alternative investment instrument to Fixed Deposits and Negotiable Instruments of Deposit to invest excess funds at a more flexible tenure. MMI are money market deposits with the following features:- |
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MMI rates are based on interbank rates for a similar tenure, with a larger deposit amount normally commanding a better rate |
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Funds are invested for a fixed tenure and rate agreed upfront with both principal and interest paid at maturity |
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The minimum period of the MMI is overnight while the maximum tenure is one year |
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Deposits can be for any amount with a minimum of RM500,000 |
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Money Market Investments Interest Rates
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| Deposit Interest Rates* |
Overnight |
1wk |
2wk |
3wk |
1mth |
2mth |
3mth |
6mth |
9mth |
12mth |
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| Corporate MMI |
2.60% |
2.65% |
2.70% |
2.75% |
2.80% |
2.85% |
2.90% |
3.00% |
3.05% |
3.15% |
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| Retail MMI |
2.60% |
2.65% |
2.70% |
2.75% |
2.80% |
2.85% |
2.90% |
3.00% |
3.05% |
3.15% |
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| *Rates are subject to change without prior notice |
Last update: 6 September 2010
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