Not much la, above 100k lor. They were quite generous with their gifts la. Wanted to nego on rates but not enough bullets

Negotiable Instruments of Deposit (NID)

Negotiable Instrument of Deposit (NID) is an instrument issued by a banking institution certifying that a certain sum in MYR or Foreign Currency has been deposited with the issuing bank for a certain tenor at a specified rate of interest (coupon rate may be fixed, floating or zero).

WHAT IS A NEGOTIABLE INSTRUMENT OF DEPOSIT (NID)?

    NID is deposit document issued by the Bank to a customer certifying that a certain amount has been deposited with the Bank at a specific rate and for a specific tenor (i.e. with specific maturity date).
    Unlike Fixed Deposits (FDs), NID is negotiable. This basically means that it can be sold before its maturity date. If the customer needs to realise cash before the NID maturity, he has to sell the NID. However, the NID cannot be withdrawn prematurely like in FDs.

GENERAL CONDITIONS

    Tenor available is between 1 month - 10 years. Tenor may also be fixed in odd number of days e.g. 105 days.
    Amount must be placed in multiple of RM50,000 subject to a minimum deposit of RM100,000 per deposit. Minimum denomination is RM100,000 and maximum denomination is RM10 million per certificate.
    NID rate is generally influenced by interbank rates and may be higher or lower than the bank's FD rates.
    However, for amounts that are below RM500,000, the rates are about the bank's FD rates. Like STCP, larger amounts normally have a higher possibility of attracting better rates.
    Interest on NID is based on simple interest formula like STCP:

Interest = (PRINCIPAL x RATE x NO. OF DAYS) / 36500

http://www.hlb.com.my/hlm/hlm/hlmmpd.jsp?flag=hlmmpd

Thanks Cherroy for the clarification/info.

Klibor is also a form of NID, right ? We have discussed about Klibor here several months ago. Cherroy has also gave some explanation on the Klibor.

I have the CIMB Klibor which gave 5.25% return.