I hope my calculation is the correct 1 as compare other.

Mistake 2 - It should be 3% instead of 2.75%
Please refer to http://static.lowyat.net/uploads/attach-53...-1350532617.jpg

may i kno how u know?

updated calculation with 2.75% as below
I hope my calculation is the correct 1 as compare other.

There are few mistakes as per calculation shown.
Mistake 1 - It should be 366 days instead of 365
Please refer to http://static.lowyat.net/uploads/attach-53...-1350463575.jpg
23/10 to 31/10 (9 days) divided=130000*1.7%*9/366=RM54.34
1/11 to 30/11 (30 days) divided=130054.34*2.75%*30/366=RM291.16
1/12 to 31/12 (31 days) divided=130345.50*2.75%*31/366=RM303.61
Total Principal with monthly divided = RM130649.10

Daily Average Balance = ((9 * 130000) + (30 * 130054.34) + (31 * 130374.15)) / 366
2% on top of Daily Average Balance = RM24899.53 * 2% = RM497.99

Total Principal with monthly divided and 2% = RM131147.10

Effective Dividend % = 4.61%

Are you sure? In that case, it seems like my PMA-i cannot use for issuing cheque and the account is stagnant for 2 months?

That is my understanding as per the "RM50k and above with no withdrawals for the month" - the last item in the table  here.
Do contact the call center to verify if you really need to issue cheque, maybe they have exception for such situation. Share with us your findings. (Anyway for my case, I didn't requested for cheque book.)

Bro, if they do extend it based on current T&C, whatever amount you have at of 31st December 2012 will only get at most the 1 Month GIA rate for the entire 2013. Only the extra over will get the bonus.

I am hoping they do extend the promo next year

I thought for the month of October >50k with no withdrawal you would be entitled for 2.75% ?
What happen, pls share for our understanding ?

Oh lucky, I was assuming that open at mid month is still entitled to full rate something like OCBC Smart Savers. If not mistaken in its rate schedule it stated on Current Rate at the bottom explicitly RM50k with no withdrawal for the month is eligible for full rate. Well different banks different ways of interpretation. Smart Savers I deposit in middle of the month still got full rate.. So what is the effective rate if 1 1/2 mth.?

Even if HSBC gives 10% for the 3rd month, I will still avoid it because after the promotion period, HSBC Premier Banking customers are stuck with board rates. And if one's AUM goes below the minimum, penalty fee comes into play.

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Added on December 23, 2012, 4:45 pm

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Added on December 23, 2012, 4:56 pm
Gomen will contribute a max of RM60 . Total self contribution is cap at RM60k per year including those currently contributing ie is employed. This is a better alternative to FD . However the catch is withdrawal subject to current kwsp members t&c at 55 years subjected.

Looks that way, RM60k ceiling implementation date Jan 2013, not bad also.

Even if HSBC gives 10% for the 3rd month, I will still avoid it because after the promotion period, HSBC Premier Banking customers are stuck with board rates. And if one's AUM goes below the minimum, penalty fee comes into play.

Bro, I only briefly mentioned about the HSBC TD promo at my Fixed Deposit Promotion Page.

However, for the HSBC Amanah 5% Term Deposit, I did elaborate on it in my Fixed Deposit Malaysia blog.

Edited - for the HSBC Promos, you also need to open a CASA since the interest earned is credited into it.

And don't waste your time signing up for the Premier World MasterCard unless you cannot qualify for other better credit cards like Maybankard 2 Cards. Click here to read my article on HSBC Premier World MasterCard Benefits and please note the promos are expiring soon, thus making the HSBC PWMC kind of useless ybtil they coe out with better new promos in 2013.

Based on total amount of 32k
1. Bonus Saver
FD - 20k - dep date 1-1-13 - maturity date 1-4-13
SS - 10k + 1k + 1k (compounded)
Rate= 3.81%

2. Combo
FD - 25k dep date 1-1-13 - maturity date 1-4-13
SS - 5k + 1k + 1k (compounded)
Rate= 3.67%

Pls check .

1 st table is FD
2,3 & 4 is Smart Saver