Launched on April 15 2008, Maybank Alpha Centurion Structured Deposit (MAC) closed a week early on 7 May. The total deposit size has exceeded RM480 million, 60% more than the initial size of RM300 million.
Maybank Head of Wealth Management, Teh Cheah May said the response to MAC was quite overwhelming particularly in the present challenging market conditions. The attraction of MAC is the flexibility of investing in a 2 and 3 year tenure and the compelling strategy of generating potential returns in excess of the term deposits rates and is independent of any market conditions, be it bull or bear.
An all weather opportunities structured deposit, MAC offers 100% capital protection to investors when held to maturity and it takes the emotion out of investing during uncertain market conditions. It is an ideal product to complement existing investment portfolio of long positions.