DEPOSIT
Current/ Savings Deposit
Deposits and withdrawals can be made at any time. The interest computation/ payment is on daily basis and credited monthly to the customer’s account.
Protected by PIDM up to RM250,000.00 for each depositor
Time Deposit (TD)
A time deposit bears interest at an agreed rate based on a specific maturity date. A fixed deposit earns higher interest than a savings account and offers protection from interest rate fluctuations.
Protected by PIDM up to RM250,000.00 for each depositor
Foreign Currency Account (FCA)
CCBM accepts currency deposits such as Renminbi, USD, EURO and CNH. The FCA interest rates are dependent on market rates and could fluctuate from day to day.
Protected by PIDM up to RM250,000.00 for each depositor
FOREIGN EXCHANGE
Foreign Remittance
Telegraphic transfers for those customers who have opened account with our bank.
Spot Contract
A foreign exchange Spot Contract is the buying and selling of currency with a delivery of two trading days from the date of transaction. Spot rates can be adjusted to provide for transactions taking place today or tomorrow. These transactions are known as "Value Today" or "Value Tomorrow".
We provide foreign exchange quotations for a wide spectrum of currencies to meet your inward and outward remittance needs. Competitive quotations are based on the threshold amounts.
Forward Exchange Contract
A Forward Exchange Contract (FEC) is a contractual agreement to buy or sell currencies on a predetermined future date at an agreed exchange rate. It is generally used to offset or hedge against future rate exposure from export/import activity and foreign currency denominated loans or bonds.
