Got a Million Ringgit in cash? If yes you get to enjoy 6.88% for 3 months with HSBC NEW Premier Account, but for only half of it.



To read my brief comments on HSBC CNY Promo, go to my blog (towards the end just before summary).

usually around festive season.
which is around bonus season

if i read this right, this hsbc u have to leave the total funds (the part which is not in FD) with the bank for 3 months, to enjoy up to 6.88%.

whereas for ocbc, u can enjoy 5% but the funds not in FD u can take it out and use it elsewhere.

hello all, i am a bit confuse about the current FD package, I dont find those good rates you guys mentioned from bank websites, most of their website still showing annual rate of 3.1% - 3.15%, I dont see any FD rate at 4%, 5% etc.

I am asking on behalf of my mother, she lost quite a bit from public mutual and now she wants to put all her money into FD. But I don't know which one is a best package. From this topic I see OCBC 5%, HSBC 5%, UOB and stanchart etc, but when I go to their website, all 3.1%-3.15% only.

So, if you have a cash of around RM1,300,000, which bank and which FD package? hosrt term 3 months also can, so that it wont get locked in, in case here are some better package, my mother can change to other bank.

I try to search this topic but still a bit confuse. So, all tai kor and tai jie, please lend me your hand, advise me which one is a best package on the market now.

thank you very much!!!!

yes, for HSBC case, your other half of the funds have to remain with HSBC for 3 months.

Another guy to be spoon fed Hello, did you read the 1st post, it is stated that you CALL the banks to confirm the promotions and not check their website

and with you posting you have RM1.3M cash, either you love to be receiving PM by the many con men and maybe one or two overly eager insurance agents lurking around this forum or you just want to let us know you're freaking rich

And welcome to the FDMCG club

**Edited**

For your case, it is best you go talk directly to a Premier/Priority/Privelige Banking Relationship Manager directly instead of just anyone in the banking hall to avoid what sylille gone thru. click below link and read Post#404

http://forum.lowyat.net/topic/2070535/+400

And if your place got no Premier Banking, with RM1.3M, the Bank Manager himself/herself would be more than happy to attend to you and your mother.

With your amount and for 3 months tenure, look into HSBC promo above. But after that, you can close the account because they usually don't have good promotions for existing Premier Account holders.

This post has been edited by Gen-X: Jan 9 2012, 08:03 PM

The only good thing about MBSB at this time being perhaps is their
4.7% FD rate for 5 years tenure, and interest will be paid in every 6 months.
So, depositors will receive 10 times of interest in 5 years time (pay interest twice
per year).

Pay interest in every 6 months applies to their Exclusive 5 category (4.7% rate p.a. for
5 years tenure) only.

MBSB is still using very an old and traditional type of photostating IC method whereas
nowadays most banks are using a small device to save and verify customers' identifications
from customers' ICs.

In my opinion, MBSB cannot compare to major banks in terms of professionalism and
company management.

But in overall, MBSB is acceptable as a medium size financial institution based on Malaysia standards.

About Bnak Rakyat, I just read an article yesterday, Bank Raykat has been developing their finance
business to government workers very successfully for quite some time.

Bank Raykat is MBSB main competitor.

I do not know anything about Bank Persatuan.

This post has been edited by BoomChaCha: Jan 9 2012, 08:59 PM

Guys, how can you all forget about Kuwait Finance House ? It's been offering 4% return since last month for 6, 12 and 24 months tenure and this promotion is due to expire at the end of next month. It needs a minimum deposit of RM20,000 and there doesn't seem to be a maximum limit for this promotion. There is no need to split your money between normal board rate and this promotion rate either!

I saw the banner when i walked pass a KFH branch this morning. I was on my way to UOB to buy new banknotes and to get their ang pow for this year

This post has been edited by MilesAndMore: Jan 9 2012, 09:21 PM

This is what I found out about HSBC latest FD promotions for Premier Account. Minimum FD placement is RM 200K:

(1) Deposit from RM 200K to RM 500K at 4.88% rate for 3 months.
First RM 100K will get 4.88%, the remaining balance will get board rate from 3% or 3.05% (Islamic)
Average FD rate for 3 months tenure is 3.965% (4.88% + 3.05%) /2 = 3.965

(2) Deposit from RM 500001.00 to RM 999999.00 at 5.88% rate for 3 months.
First RM 250K will get 5.88%, the remaining balance will get board rate from 3% or 3.05% (Islamic)
Average FD rate for 3 months tenure is 4.465% (5.88% + 3.05%) /2 = 4.465%

(3) Deposit above 1 RM million at 6.88% rate for 3 months.
First RM 500K will get 6.88%, the remaining balance will get board rate from 3% or 3.05% (Islamic)
Average FD rate for 3 months tenure is 4.965% (6.88% + 3.05%) /2 = 4.965%


Note:
HSBC will have a RM 150 monthly charge for Premier account if the Premier account balance drops below RM 200K.

But The RM said he will change from Premier account to normal saving account once the depositors withdraw
the funds upon FD maturity.

Actually, HSBC will first send out letters to you to remind you to top up your fund in HSBC but you will have to pay the RM150 account service fee on the first month your total relationship balance falls below RM200k.

A HSBC Premier account will only be converted to an Advance or any other normal savings account types upon the customer's request or when the customer fail to top up the balance to at least RM200k for three consecutive months.

Tuan, please check out MBSB here:

www.mbsb.com.my

Fixed Deposits:
http://www.mbsb.com.my/deposits_fixed.html


Kuwait Finance House..???

I had never heard of it before you mentioned it here...
Thank you for the info....


All right, let's check it out here...
http://www.kfh.com.my/kfhmb/


**post edited to fix the quote's code

---

Added on January 9, 2012, 10:02 pmAll right... got it..and thanks..





This post has been edited by BoomChaCha: Jan 9 2012, 10:02 PM

wah, 6 months too Thank Bro for the info.

O.T. You changing new notes - you are married and giving Ang Pows or you just like new notes Yah, most banks started to distribute Ang Pows today.

Thanks. And it pays the interest in "advance" and you need to open a current or savings account.

Click here for T&C

Posted in Post #1



My ex-SCB RM told me that SCB will charge RM100/month, but she said she can always appeal to get it waived for me if I have intention to top up soon. But I don't think I will be depositing anytime soon with them so asked her to close my account instead of me requesting the monthly charges to be waived and her having work to do. So, she said she will first downgrade my account before I can close.

This post has been edited by Gen-X: Jan 9 2012, 10:34 PM

I was just helping my mom to change it Also gave me a chance to get a mandarin orange or two and to get a free coke from the fridge But i didn't see any mandarin orange in HSBC today


I managed to buy some new RM10 (still in old design) from HSBC while UOB told me they will only start selling the new banknotes next week. HSBC said they don't have much in stock as they too won't be officially start to sell the new banknotes for CNY until next Monday. The staff at HSBC also told me that HSBC HQ in KL hasn't couriered this year's ang pow to them yet and asked me to come back next week. So last minute

Anyway, any of you managed to buy the new banknotes (new design) ?


Yes. Upfront payment a là HSBC Amanah TD-i upfront payment scheme KFH is very generous with their savings account interest rate too


How nice of her to offered to help. HSBC on the other hand, is very strict about this.

This post has been edited by MilesAndMore: Jan 9 2012, 11:01 PM

Ask you guys a question:

Do you guys feel comfortable when every time you sign-up a new bank account, you need to fill out your personal information like your home address, home phone number, work phone number and etc on the bank form?

I know this is a must requirement to provide this personal information to the banks in order to open a new bank account, but I do not feel comfortable to disclose my personal information to many banks because this is my privacy especially when the banks know how much money I have.

I do not mean the bank will come to our house to rob me. In my opinion, it is always better not to disclose our home address and phone number in order to safeguard ourselves. Bank staffs are human being also..

Furthermore, banks sometime call me and convince me to apply for their credit cards and etc... I do not like this at all..! HLB was doing this very often to me last time, even I had closed my FD account with them.

I am thinking to put down a fake home address and fake home phone on the bank form, but only put down my real hand phone number..

What do you guys think..?

Thanks for sharing with us. I have never heard of KFH before, didn't sound like a bank. Upfront interest payment is awesome. I am considering the 6-month tenure, that is, if the deposit is PIDM protected.

To be honest, I have friends that worked in the marketing line and shockingly, they told me banks do sell their information to marketeers. Its not really the bank that have sold it, but the staff sold it without the company's knowledge. Actually nothing can be done about it, probably just give your housephone instead to avoid getting spams on your cellphone.

The worst thing what if the personal information pass to kidnapper or robber?

No, I would provide my hand phone number rather than my house phone.

Call to house is more annoying and is more dangerous if the caller has
bad intention to cheat money.

Don't you read newspaper lately there are many con people (pretended calling from bank)
call to house and say your bank account is suspended because of committing crime?
and they will request you to transfer your fund to other people bank account
in order to safeguard the rest of your money....


This post has been edited by BoomChaCha: Jan 20 2012, 06:02 PM

well it all depends. as my housephone hardly anyone pick it up. as everyone has their own cellphones. registered it just for sake of internet.hehe

I have received many phone calls from foreign con women who
called to my house phone, they said I won a lottery and bla..bla..

This post has been edited by BoomChaCha: Jan 20 2012, 06:03 PM

well there isnt really any 100% privacy in bolehland..even UK have phone hacking scandal...lol