Malaysia

ANNOUNCEMENT

Revision of Business Banking Interest Bearing Current Account Facility* (“CAIB”) Interest Rates

Dear Valued Customers,


At the meeting 7th July 2020, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 1.75 percent.


In line with Bank Negara Malaysia’s direction, we wish to inform you that the Interest Bearing Current Account Facility (“CAIB”) interest rates /profit rates will be revised with effect from 29th July 2020.


*Business Banking Interest Bearing Current Account Facility is protected by PIDM up to RM250,000 for each depositor.