At BSN, if you are a senior citizen above 50, and you deposit 50k and above for 5 years, you can get 4.15% per annum. Interest will be credited into your BSN Giro A/C every 4 mths for you to use. Only if you have spare cash lying around and you don't know what to do with it. Not bad. With the current economic situation, don't aspect interest rates to rise anytime soon.

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~

It's calculated on days basis..... Capital x No. of Days x 3% / 366 days

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

Feel free to read a few pages back.....and you shall find out

i did open the FD account at Ambank. The rate is also at 3% level. Affiliate Malaysia

Somehow I was not able to find the promo from the hsbc amanah site. (It only promotes the premier category.)
But thanks to all the sifu here that share the promo link
Should be for the 3 new branches as detailed in the promo.
I have been eyeing for this until my previous FDs matured.
According to the teller, the Kota Damansara branch is < 1 month old.

This post has been edited by tbheng: Jun 25 2012, 09:38 PM

I read every post and it seems only applies to that new branch. Just wanted to confirm as I am from Penang....

It is for these 3 branches in KL/PJ:
1. HSBC Amanah Maluri New Branch Opening Promotion
2. HSBC Amanah City Centre New Branch Opening Promotion
3. HSBC Amanah Kota Damansara New Branch Opening Promotion
Please click the link I provided above to read more.

Hi Ronnie,

Thanks for your formula. I just made a quick table with your formula and if you don't mind, can you help me verify ? (I'm sure this is already on top of your head hehe)

I just took an example of RM5,000. I'm deciding on weather to put on 1 month basis or 12 month basis. For example PBB now gives 3% for 1 month and 3.15% for 12 months. I do not plan to touch this money till 12 months later so If I put on a 1 month basis, I will let it roll.

So with your formula, I came up to a total of $5,149.97 after 12 months on a 1 month basis (3%). Compared to $5,157.50 after 12 months on a 12 month basis (3.15%).

Please tell me there is an error with my calculation. If not, just a mere "increase" of $7.53 ???

That being said, if I really had some kind of emergency right on the 364th day, if I go for the 12 month I will end up with only RM 5,000 - probably RM 20 for penalty right?? If I were to go for 1 month basis, I should still end up with $5,137.30 - 20 because I'd have roll over 11 months of interest?

Is my calculations correct ?

I didn't check your calculation but for rm5k and the % difference is 0.15%, I would go for 1 mth deposit.
The mere rm7.53 a year is a cheap premium to pay for added flexibility of withdrawal and re-deposit.
If the deposit amount is >50k, I will go for 1 year.

RM5k - 3.00% (1 mth) = RM152.08 (12mth) compound interest
RM5k - 3.15% (12 MTH) = rm157.50
dIFF = rm5.42

Hi thanks for your reply Well based on the table I came up with, even with 50k, the difference is also only $75.32 (just times 10? lol?). My table correct onot lol ... so I mean risking not touching money for 12 months just to get 75bucks ? Abit the what right ... eat less 1 nice dinner oredi got more than 75bucks oredi ...

with FD you cant even beat inflation... why bother? plus got lock in somemore.

any FD promotion which has > 3.8% p.a for 1 year?

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?

As long as your Term Deposit-i is open within the promotional period for 3 months, you get 5%

This post has been edited by ronnie: Jun 26 2012, 12:50 PM

I see. Thanks!

Well, since RM75 is just a dinner spend for you, obviously your priority is not for higher interest income but rather, you prefer flexibility over interest income. You should go for 1 month then.

For RM50k, would it interest you if the difference is RM350.43 ??