Important/ Disclaimer This Is An Investment Account Product That Is Tied To The Performance of The Underlying Assets, and Is Not A Deposit Product
Important/ Disclaimer This Is An Investment Account Product That Is Tied To The Performance of The Underlying Assets, and Is Not A Deposit Product
Important/ Disclaimer This Is An Investment Account Product That Is Tied To The Performance of The Underlying Assets, and Is Not A Deposit Product
PRODUCT SUITABILITY
2. Who is this product suitable for?
All Individuals (Resident and non-resident)
Type of Investor
Return Objectives The Fund’s objective is to preserve capital while providing steady returns through low risk
investments.
Holding Period For None, except for qualifying IAH for Grand Prize draw.
Investment
Please refer to Prize Draw Criteria.
For full terms, please refer to respective product Terms & Conditions.
KEY FUND FEATURES
3. What am I investing in?
The Fund will be invested in a blended portfolio of the Bank’s Retail and Non-Retail assets in
Investment
Strategy varying proportions.
This is a low risk investment to achieve capital preservation and steady returns.
Provides an opportunity to win prizes on a monthly and yearly basis.
Similar operational features with current / savings deposit accounts whereby customers will be
Operational
able to place and withdraw anytime via over-the-counter, ATM, CDM and internet banking.
Features
Individuals / Joint
Eligibility
(Open to all Malaysian Citizens and Foreigners)
Indicative Profit To be declared on a monthly basis and to be published on the website and at all branches
Rate
Profit Sharing Ratio
As published on the website and branches
(“PSR”)
Sample Profit Sample of daily profit calculation is as per table below.
Calculation
(Numbers are for illustration purpose only)
Customer:Bank
Date of placement 01/01/2021 Profit Sharing Ratio
4:96
Indicative Profit Rate
Investment amount RM10,000 0.20% (After PSR)
to customer
Date of withdrawal 20/01/2021 Payment Date 01/02/2021
Amount withdrawn RM2,000
Note : Profit Calculation: Principal x Indicative Profit Rate to customer x No. of Days/365
Coverage by PIDM This product is not protected by Perbadanan Insurans Deposit Malaysia (“PIDM”).
4. Prize Draw
All Investment Account Holders (“IAH”) except for below :
Prize Draw
Eligibility a. For Joint Account holder, the prize draw is eligible to the primary account holder.
b. Maybank employee who are directly involved in this product.
Prize Draw The prize draw will be conducted every month by the Bank.
Frequency
Only active accounts will be entitled for the prize draw.
Prize Draw Criteria
Deceased Investment Account Holder (“IAH”) is not entitled to participate in the draw.
Please refer to Prize Draw Criteria below :
No Category Criteria
1 Grand a. 1 entry will be given with each incremental Average
Prize Daily Balance (“ADB”) growth of RM50 for each
respective month.
b. Maintain a minimum Month End Balance of RM500 at
least 2 months before the end of qualifying period for
Grand Prize.
2 Monthly a. 1 entry will be given with each incremental Average
Prizes Daily Balance (“ADB”) growth of RM50 for each
respective month.
b. Minimum Month End Balance of RM100.
IAH are advised to refer to respective product Terms & Conditions for full terms and conditions
The winning prizes are strictly not transferable and exchangeable for cash, credit or kind, either
Prizes
in part or in whole.
Winning prizes to be notified via website.
In the unlikely event that the prizes should become unavailable, the Bank may substitute with a
prize of equal value (the price and value) which is to be determined by the Bank.
The results of the prize winners shall be final. No appeal of correspondence will be entertained.
Prize Draw
Notification All prize winners will be notified via website and/or through other means whichever the Bank
considers appropriate.
Any claim for the prizes must be made within 12months from the date of the Bank’s winners
Claim of Prizes
announcement. The Bank will not entertain any claims made after the said period.
In the event that the winner dies after the notification of the prize winner, the heirs, legal
representative, and/or administrator of the deceased may claim the prize within 12months from
the date of the notification, failing which, the Bank have the absolute discretion to deal with
the prize including to re-draw and/or elect any other person as the prize winner whichever the
Bank considers appropriate.
The Bank has the discretion to review the criteria, eligibility, entry requirement, and frequency
Others
of the draw whatsoever from time to time as the Bank considers appropriate.
The Bank may use the names and/or photographs of the winners and other information for
advertising and promotion purposes subject to customer’s consent based on PDPA declaration
form.
b) Fund Performance
Zest-i (also known as net Account-i) :
Profit Rate vs Benchmark
Simulated performance data represents the net profit rate (after applying PSR), based on net yield generated by
the Fund according to OPR changes over the last five years.
Benchmark rate is based on peer Mudharabah Unrestricted Investment Account products on local market (Malaysia).
“Past performance of the investment is not an indication of its future performance.”
1. Risk of capital loss - any investment carries the risk of reduction in the value of purchasing power. Hence, the Bank
will only invest the Fund in diversified assets with low risk attributes and apply sound investment management standards
2. Market Risk – Invested assets are subjected to fluctuations in market rates, which may impact the overall income
performance of the Fund. This risk shall be managed by the Bank in accordance with its overall hedging strategy
3. Liquidity Risk- Such risk occurs when withdrawals/redemptions exceed total investments, which may result in a
reduction of the overall net asset value. The risk shall be managed by the Bank in accordance with its overall liquidity
management strategy
4. Credit Risk - This risk may arise when substantial amount of assets for the Fund g oes into default. This shall be
managed by the Bank by prudent selection of diversified asset portfolios and close monitoring of the performance of
the selected assets
5. Investment Decision Risk - This risk applies in the event the allocation of assets to be invested is not aligned with
the market movement. Hence, careful selection and strict governance shall be applied by the Bank in the decision
making process
6. Regulatory Non-Compliance Risk - Such situation occurs when the investment fails to adhere to the investment
parameters set forth by the relevant regulators. The risk shall be managed by the Bank in accordance with its overall
policies and procedures
7. Shariah Non-Compliance Risk - Failure to comply with the Shariah rulings of Shariah Adv isory Council of BNM may
result in a breach. Such occurrence shall be closely supervised by the Shariah Committee of the Bank
8. Country Risk - Political and economic stability of the country may influence the growth and performance of the
investment asset
9. Industry/Sector Risk - Every industry/sector is exposed to various risk elements. As such, diversification and careful
selection of such industry/sector are critical to the Bank in managing such risk
“You are advised to carefully consider all risk factors before making an investment decision”
VALUATIONS
8. When will the valuation strategy and frequency are published?
The Bank will perform valuation of the underlying assets of the fund in accordance with the Malaysian Financial
Reporting Standards (“MFRS”) which will be carried out on a monthly basis.
The fund performance report will be made available alongside the quarterly financial statements at all branches and
published via website accessible at www.maybank2u.com
CONTACT INFORMATION
9. What do I need to do if there are changes to my contact details?
It is important that you inform us of any change in your contact details to ensure that all correspondences reach you
in a timely manner.
b. If you are dissatisfied with the outcome of the dispute resolution process, please refer your dispute to the BNM TELELINK
i. Via phone to : 1-300-88-5465 (1-300-88-LINK)
ii. Via fax to : +603-2174-1515
iii. Via email to : bnmtelelink@bnm.gov.my
iv. Via letter to : Laman Informasi Nasihat dan Khidmat (LINK)
WARNING