SINGAPORE – Maybank has launched the Inflation-Rider Structured Deposit, a structured deposit with 100 % principal guarantee (if held to maturity), designed to help investors counter the effects of inflation.
With a short tenure of 21 months and pegged to prices of a basket of commodities, the Inflation-Rider Structured Deposit gives a guaranteed payout of 0.90% (0.51% p.a.) when held to maturity, and a maximum payout of 17.50% (10% p.a.). There is no foreign exchange rate risk as the structured deposit is denominated in Singapore Dollars. The minimum deposit amount is S$10,000.
As inflation rises, so will the prices in the basket of commodities selected for their correlation to the Consumer Price Index. This therefore translates into higher payouts for investors holding onto the Inflation-Rider Structured Deposit.
Investors will benefit from exposure to a diversified basket of commodities that would thrive on the back of global growth demand (Soybeans, Corn, Wheat, Zinc, Nickel, WTI Crude), as well as those that have been identified to be in shorter supply (WTI Crude, Zinc, Agriculture). These components represent commodities that people are most exposed to in their daily lives, and have also been found to be the core drivers of inflation.
The closing date is 13 August 2008. Customers can obtain further information at any of Maybank’s 22 Branches islandwide, visit www.maybank2u.com.sg or call 1800-MAYBANK (1800-629 2265).
About Maybank
Maybank started its operations in Singapore in 1960 and is a Qualifying Full Bank with the most extensive network amongst the QFBs with 27 service locations. All the Branches and ATMs are strategically located in both the business districts and the suburban areas for the convenience of our customers.
Maybank Singapore offers a range of wealth management products, and currently distributes more than 170 funds. It also launched the region’s first Islamic structured deposit, which targets investors interested in the commodities market, as well as the Regal, Supreme, and APAC Structured Deposits linked to the palm oil, the carry trade, and foreign currencies respectively.
Maybank has always been customer-centric and is continually pursuing initiatives to better serve our customers in anticipation of their evolving needs. |