Maybank launches structured deposits linked to palm oil in Singapore
Maybank in Singapore has launched the Regal Structured Deposit, and it claims the product is the first structured deposit linked directly to palm oil prices traded on Bursa Malaysia.
The two-year 100% principal-guaranteed deposit has a low minimum investment of S$10,000 and US$10,000. It pays a fixed return after the first three months of 4% and 6% every year for the Singapore dollar-denominated deposit and the US dollar-denominated deposit respectively.
Depending on the palm oil prices, there may be a variable return of up to 11% for the Singapore dollar-denominated deposit and up to 23% for US dollar-denominated deposit at maturity. Palm oil has a strong regional appeal as
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