Saving plan is never a FD in the first place.
End of story.

Normally, for me, I count like that, since 10% needed to earmark at CASA (which normally earn little or zero interest for small amount),
3.616% x 0.9 = 3.255%

That's why I don't like those CASA linked one.
Create troublesome for me to remember CASA earmarked amount.

This post has been edited by cherroy: Nov 30 2012, 02:27 PM

Money market fund.

Generally eligible.

Fresh fund means, you deposit the money come from elsewhere, the money is not origin from the same bank,

aka, like you withdraw saving acc and deposit into the promotion FD then it is not considered as fresh fund, as bank still have the same amount of deposit from you.

Whether prior day before, you withdraw and transfer to other bank, only then deposit into the promotion FD, it doesn't matter,
as long as you deposit into the promotion FD with other bank cheque or cash, then generally it is eligible as fresh fund already.

But it needs to open/top up Just one account, similar to CASA + promotion FD rate combo.

So total fund effective rate is lower than 4%.

http://www.standardchartered.com.my/person...d_fixed_deposit

This post has been edited by cherroy: Feb 16 2013, 10:27 PM

HLB got 3.95% for straight forward FD placement (Except MACH which is inaccessible for some)?

I cannot find any.

This post has been edited by cherroy: Feb 20 2013, 02:23 PM

The closer I came across is HLISB.

3.8% for 12 month and 3.9% 15 months. http://www.hlisb.com.my/promo/deposit-i/index.htm

CASA linked can be hassle if one has multiple FD placement linked. Need to remember one by one when is the earmark release etc.

So always prefer no CASA linked.

Other also consider cash as new fund.
Quite standard across.

Like this, too obvious already.

I do not sure about this, but one can raise this issue to the RM, or office in charge.
As long as to show the money is from elsewhere and intend to put into the promotion FD, then I think most bank/officer will accept.
They just want to attract new deposit, that's why always stated "fresh fund" as criteria.

As far as I knew, if one withdrawing FD into banker cheque (limit to 1 banker cheque per day if not mistaken), then Rm2.00 can be waived once.

I don't know why HL want to distinguish MACH with normal banking.

But they put special FD rate on MACH...

Your calculation is incorrect.

To compare,
If you have 100k now, instead of paying for the properties full 100K, one opt to take a 100k loan 40 years (with 430 month repayment), the correct way of comparison is

First month you have 100k FD that can gain interest,
Second month, you only have 99,570 FD that can gain 3% interest.
Third month, 99,140 FD with 3% interest,
After 1 year only 94,840 of FD.

It is a correct way to see the difference between paying full 100k lump sum vs taking loan 100k with balance in FD to gain interest.
One will see the difference out of it. That's where bank earns their profit from.