Only RM1 for junior savibg acc opening. But i put in rm200 as a start.

Thanks Jack

No pro. Hope u get ur right fd deal then.

We are waiting ............................................

Wao 3.9%p.a for 12 months?

Thanks for the info, will also put rm200 for my kid

I have spent some time reviewing my Fixed Deposits for the Year 2012 and am glad to say all my deposits gave me returns of between 4.00% - 5.00% pa for that year. Prior to that, I was only receiving between 2.85% to 3.00% pa. This is due to my own apathy and also due to sentiment that FD does not generate much return. It was only in beginning of 2012 that I started seriously calculating and scouting for better rates and thanks to this forum, I did good for the year 2012. I would also like to mention that at the end of the year what matter most is the returns. Like most people generally, I used to deposit and forget at Maybank (safest bank in Malaysia) which gives a pittiance around 2.85% pa to 3.2x% pa. Banks like that are capitalising on depositors conservative sentiment. In all the years being conservative has made me a loser in terms of yearly returns (its quite a large sum ). So I will say to all , at the end of the day, total returns matter the most. Ha..haa...

100k will b available on this FRiday,

Any good deal for me ?

Done open a saving a/c for my kid at Hong Leong bank. Teller say only 1 withdraw is allowed per month else rm2 will be charge for each subsequent withdrawal.

i just opened another 2 junior savings accounts for my kids during lunch time today. All done within 15 minutes. Good Job HLB.

good for you

May I know any free gift now for junior savings accounts?

U got 3 kids in total? Mine took 30minutes, but ok la, maybe is first time.

no free gift wor....but i did not ask for it.... :-)

Yes i got 3 kids
i like to go to the branch because no need to wait. After press for the ticket number, wait for 1-2 minutes, then "ting tong", My turn :-)

so meaning if i open a FD, and a junior savings for my kid, then i'm entitled to FD promotion 4.18% and junior savings is 2.9% right?
No atm for junior savings, if want to withdraw money how?

FD min 10k, and for saving that 20% must be in a/c for at least 4 months.

Go to the counter lor, 1 withdrawal is allowed per month, subsequent will be charged rm2.

YES。put in your money into the FD 4.18% (12 months) and 20% into Junior savings Account (earmarked for 4 months). You will get those rate. Good question, normally junior savings account doesn't come with ATM card, encourage you to SAVE rather than Withdraw. I just checked from Hong Leong Connect, can't do transfer FROM the Junior Saving Account too. That means we can only go to the branch/counter to withdraw.....

let me call in to Hong leong to find out first....

Talked to the customer service just now, since i have my basic saving account (with Debit card), i just need to visit their branch to link all the junior savings accounts with the debit card, then only i can withdraw the money from JUNIOR SAVINGS ACCOUNT at ATM machine by using the debit card. After linked with the junior savings account, then we can perform online transfer FROM Junior savings account to any other account....
One more thing, the customer service said we can actually apply a debit card for the junior saving account, if we want....But RM 8 per year :-)

Can I join name with my nephew?

Not sure. Most likely cannot becoz they are asking for child birth cert to prove the relationship.