I was told by HSBC Amanah (islamic) that term deposit opened with a cashier's order will begin once it has been cleared (two days) - while with conventional banking, the term will begin on the day of application.

Can anyone confirm this is true?

Hi,
Anyone try this HSBC Amanah, Kota Damansara FD?
I am currently Advance E-checking account with HSBC, according to their needs, fresh fund of Rm50K  and RM500 for openning a new account.
1. Can I transfer RM50K from my HSBC account to another bank, and issue a cheque back to HSBC amanah to open the account and FD? Will they pick it up?

2. Are they open in Saturday?

Another "complicated" promo like SCB? I've a hard time understanding SCB promo last round.. 

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Added on June 16, 2012, 1:33 pm

The 2nd sentence is not true for my case. I got the cert the same time I opened the FD with banker's cheque.

Do I need to pay any fee in order to close HSBC Amanah Advance-i account?

2. The Campaign Offers stipulated in Clauses 3 – 5 below are available to customers only if they open or apply for HSBC Premier Account-i, HSBC Amanah Advance Account-i, HSBC Amanah Term Deposit-i (Standard Scheme) and Anytime Money Personal Financing-i at HSBC Amanah Kota Damansara during the Campaign Period.

After reading thru here and HSBC website, need to reconfirm the following:
What is the max amount of deposit that will enjoy 5% interest? rm50k?
Deposit can be spread over different days?
Promo ended on 30Sept?

went to HSBC amanah Kota Damansara today, dissapointed to find out that existing HSBC advance account holder are not qualify for the FD offer, as Advance is consider Advance Amanah as well. Unless go for the Premier Account which need RM200K fresh fund.

Hi all, just for sharing....

I've just returned from HSBC Amanah Kota Damansara.
Took their new branch opening offers: 5% 3 month TD-i for non-premier category. 
The requirements and process seems rather straight forward.

Required the following 2 products to be openned:
1. Term Deposit-i: min RM5k, max RM50k.
2. Amanah Advance Acct-i: min RM100.
(I have highlighted about the T&C said min RM500, the teller said RM100 is enough. RM500 is for Amanah Advance Acct-i alone.). 
She said the TD-i slips will be ready when my cheque cleared. I requested her to mail it to me instead of collecting at branch.
I also requested for internet banking. It is FOC.
I was given a big golf umbrella and recycle bag as welcome gifts. 

This should be the highest FD rate for the moment. Highly recommended. 

I asked the same, the teller said no charges. It is no charge for the entire 12 months from the date of opening. No penalty to close it after I uplifted the TD-i.
Share your experience as well when you returned.

Hi, I would like to ask that normal pay of FD is 1month x 3% or 1month x3%/12months(p.a)??

i'm new to this...but i would like to have concept of how they payout~

thanks for sharing. The offer only applies to that particular branch?

Just to double check:

Eg. For Maluri Branch, the campaign opens from 20 June to 30 Sept, which means one should have fully met the TD-i 3 months tenure within the promotion period? If one registers the TD-i account on 2 July (which means 3 full months tenure should end on 1 Oct), he/she wouldn't be entitled for the 5% interest rate?

That means is confirmed do not need previous FD acount, but effective date whe, is it same date of placement?

Its not the first time, already have previous FD account, eFD also done last month I think..

Hi ronnie, would like to confirm 1 thing regarding item 2 and 3 above. Says if you planned for 10k TD-i, do they accept just 10k being deposit into AA-i and auto-sweep the 10k into TD-i (leaving AA-i balance = 0)? Or you still need to deposit 10k+200 into AA-i?

Did they mention the promo end date? According to the teller in the Kota Damansara branch, theirs end in August (which is earlier than stated in the Ads.)

I also wonder if one can take this offer in more than one new branches? Or it is one time (new to bank) at any one branch only.

I've read-ed some pages of reply here. Still unsure how interest paid is calculated/performed.

For example, I deposited rm10k for 3months tenure at 3%.
Meaning after 3 months that account will have RM10.3k? (Extra 0.3k)

Bank Negara Malaysia’s monetary policy committee (MPC) has maintained the Overnight Policy Rate (OPR) at 3%.

Theedgemalaysia

3. HSBC Amanah Advance Account-i fee waiver:
a) Campaign Offer: Enjoy 12 months account fee waiver totaling RM120 (RM 10/month) on the opening of an HSBC Amanah Advance Account-i at HSBC Amanah City Centre with a minimum deposit of RM500.

Zeti already hinted prior to meeting the rate will remain unchanged. I like your question why didn't raise OPR, hahaha
I was wondering why no need maintain balance until I reread the quote you posted again - there is a monthly fee of RM10 normally. The IBG offer is not that good if you were to consider the monthly fee. But since the account is FREE for a year at the new branch, yah, it's great.