Short Term Placement provides an alternative investment avenue for corporate customers to place their excess funds with the bank at a more flexible tenor as compared to the rigid tenor of fixed deposits.
Member of PIDM. Protected by PIDM up to RM250,000 for each depositor. Money withdrawn from your insured deposit(s) is no longer protected by PIDM if transferred to a non-deposit account, e.g. Unit Trust, Bond, Dual Currency Investment (DCI), Floating Rate Negotiable Instrument of Deposit (FRNID), Structured Investment, ASNB, Investment Account-i etc.