Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
|
|
 Jan 31 2012, 04:32 PM
Return to original view | Post
#1
|
 
Senior Member
5,989 posts Joined: Nov 2005 
|
QUOTE(MilesAndMore @ Jan 6 2012, 09:45 PM) Last time the HSBC 8.88% promotion was for 3-month standard scheme TD-i. Quite a good deal indeed. I had a look at the T&Cs for the TD-i products (past and present). While the interest rate is indeed attractive, I notice that you need to have funds with HSBC, what they call TRB (total relationship balance).Is this correct? |
|
|
|
|
|
Feb 1 2012, 10:26 PM
Return to original view | Post
#2
|
|
Senior Member
5,989 posts Joined: Nov 2005
|
QUOTE(MilesAndMore @ Jan 31 2012, 08:23 PM) I don't quite get what you were trying to say. TRB stands for total relationship balance and from what i remember, the catch usually is that you need to sign up for HSBC Premier. For existing HSBC Premier client, you only need to come up with new funds. What I meant was that a person has to have some existing funds with HSBC to enjoy that promotion. I guess when you sign up for HSBC Premier you have to commit some funds to the bank?In other words, those attractive rates are not available to a walk in customer. |
|
|
Feb 2 2012, 11:14 AM
Return to original view | Post
#3
|
|
Senior Member
5,989 posts Joined: Nov 2005
|
QUOTE(MilesAndMore @ Feb 1 2012, 11:26 PM) Man... this is not good. I see. And this deposit of 200k will enjoy the promotional rates given?Nope. The promotion is applicable to new customer as well. You just need to sign up for HSBC Premier. Basically, they are asking you to deposit RM200k with them.  |
|
|
Feb 2 2012, 03:06 PM
Return to original view | Post
#4
|
|
Senior Member
5,989 posts Joined: Nov 2005
|
From what you guys wrote above, yeah the HSBC thing is quite leceh and not that attractive.
Thanks for the info. |
|
|
Jul 17 2012, 10:24 AM
Return to original view | Post
#5
|
|
Senior Member
5,989 posts Joined: Nov 2005
|
QUOTE(gark @ Jul 17 2012, 10:11 AM) BTW, I know of a number of retiree >60 yo, rather put into EPF than FD.... higher interest... I wonder if there are any drawbacks...? While EPF interest rate is higher than FD, I guess the concern is whether it is easy to withdraw when you need it. Now the minimum age for withdrawal is 5 years higher, and there was talk last time of not allowing full withdrawal but rather they pay you monthly (like pension) - this has not been implemented but who knows about the future. |
|
Topic ClosedOptions
|
| Change to: |  0.0921sec
 0.57
 7 queries
 GZIP Disabled
Time is now: 5th December 2025 - 09:50 PM |
Quote