Wow, you are quoting a figure of 300k.

Magika, for the 4.2%, was your amount higher or lower than that ? Sorry for being too direct.

Hong Leong's FD at 4.18% p.a. for 12 months looks good..... but the only drawback is the meager earnings for the 20% in CASA which would be earmarked for 4 months

Is anyone here going for it?

Keep us updated!

Wow, thanks for the sharing...by putting upfront interest back as FD will yield 4.03% p.a. overall. (But need to visit twice, right?)
The deals are getting hotter.

Anyway, I have committed my fund in Mach FD 4.00% and BR FD 4.11%. All good for the time being.
If I have more fund, will most likely go back to Mach or BR as I have acct and i-banking facility all setup.
Unless it is much more to justify the new customer/acct/i-banking opening process.

Open a HLB Junior Savings Account to put the 20% part ... can earn 2.9% p.a. for the first RM50k

Thanks for suggesting ronnie. It is not possible for me to open a Junior Savings Account because I got no kids.

That one has been quoting that figure for sometime. Musical Chair players will not delay their deposit even for more than a day as 300k x 4% /365= RM32.87 per day.
Dont trust everything you read...

Hi guys and gals,

Firstly thank you for all the informative posts here - I have been a "lurker" for a while, and looking through the posts has given me quite a lot of information.

I have a question though. I'm considering placing an amount $400-500K in FD in the next couple of months. Looking to split at least 10% to SA, the rest in FD. Not interested in any free gifts from the banks, but MUST have full electronic banking facilities (online statements etc). This is coz I will be overseas quite a lot.

My question is that are there any banks that will provide a credit card (VISA/MC) tied to the SA component, ie like an offset account? Prefer a "premier" card that will allow benefits like airport lounge access etc.

Thanks again.

Ha ha, thanks !

just did this...

w/o considering what one does with the portion after the earmarked period is over: since 1st 4 months effective rate is about 3.5%, average that with the last 8 months for 4.18%, it's about 3.95% p.a.

note it is not "20%" in casa but "another 20%". i.e. this portion is 16.7% of total deposit.

hlb's other stepup promo is not as good.


uob 9 months is 3.65% p.a. was told they can offer 3.7% for large amounts for non priority customers, if you put for 12 months, not 9 months.

This post has been edited by AVFAN: Jan 21 2013, 02:37 PM

If the 20% CASA is in Junior Saving Account (2.9%p.a), the effective rate for 12 months is 3.97%. Considered GOOD in view of under PIDM.

HSBC Premier is exactly what are you after ! Excellent online banking plus a pre approved Premier credit card when you apply for a Premier account with them ( a deposit of RM 200K or equivalent) Check HSBC Malaysia website for more details

yep, good enough, happy enough.

may put more soon!

Will visit hong leong to open the junior saving account this week and enroll the fd when my other fd mature at end of this month.

Interesting link on deposit rates around the world. Saw this post by moko82 from Kopitiam

http://www.deposits.org/
http://malaysia.deposits.org/

Thanks for the info! Will check it out.

Opened the Junior Saving account during lunch time. But the Junior saving Account doesn't comes along with ATM/Debit card, that's mean NO Online Banking (Need ATM card to activate the online banking). Solution, OPENED another basic saving account which comes with a debit card.

Teller ask: New to hong leong bank? YES
Teller ask: No banking experience with hong leong before? NO
Teller ask: Car loan, housing loan???? NO

The teller doesn't looks believe that ONES with no banking experience with hong leong bank before......I told her that it is the FD deal that drag me into hong leong bank.....she laugh !!

So you had to open 2 accounts?
Whats the deal with Hong Leong FD anyways?
Good rates?

What is the minimum amount required for junior account? I want to open for my daughter

Actually just need one account but i want to use their online banking. Thats fine for 2 accounts. their 4.18% fd with 20% in casa. See previous thread. Effective rate at 3.9%.