Maybank launches structured deposits linked to palm oil in Singapore

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 appea