Waseh, this time very indirect answer...but I take it that no.3 is not true la. OK, I'll reask BR for more infos.

Question no.5 will make its appearance in my next post, but have to wait till I seek further clarifications from BR

BTW, thanks for answering my call



Thanks for your response. Will inquire more from BR about it.

+100 on BR.
With it's non-promo high interest rate. ==> One of the best FD returns.
Your money can continue to roll with high interest rate. ==> Save the effort/visit to transfer the fund from 1 bank to another.
And interest is crediting into SA every month. ==> Advance use of interest: put back as FD, IBG to other bank or ATM withdraw as your monthly pocket money, u decide.

Well, previously have given out quite a lot of info for BR so quite lazy to repeat it. When it comes to nego rates, it helps if can build good PR with the officer concerned and also good deposit history. No need to ask from the same person again, just find a different branch and insist they request for the rates you want. Give a hint that you will call their HQ direct if they do not accomodate you.

note: I am on very good terms from the security guard, counter personnel, to BR manager.


This post has been edited by magika: Feb 26 2013, 09:37 AM

First chance you get, withdraw everything from KWSP as also no PIDM protection...

Magika is the expert. I got BR 12 months 4.2% after reading from his posts. However unable to break thru' the 4.2% yet.

I think Magika was saying March (?) he will try to break the 4.2%.

Change of event, March have quite a substantial sum, but need the fund elsewhere so will maintain some at the same rate only.
I am no expert , just sharing experiences for the best return.

What's the HL Mach FD btw? Online FD? Apparently the promotion rate for Mach FD is better than HLIB FD, I dunno why ppl go for HLIB FD instead of Mach FD.

Very limited branches for MACH. Perfect for me as there is a branch near my office and they open till 10PM!!

Yes you can do it online to get the promo rates.

This post has been edited by bearbear: Feb 26 2013, 11:33 AM

I thought any HLB branch can apply this Mach FD, and the fact is there're only 5 branches that capable to do Mach FD after doing some researches on their website.

So if I want to apply Mach FD, can I go any HLB branch and open a saving account, then apply the Mach FD online, instead of going to the Mach branch?

I asked the HL Bank (Pg) and was told cannot open the Mach account. Also no Mach branches in Pg.

What so special about the Mach account? Original HL saving account can't do online transaction, but only Mach can?

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

I still don't see what so special about the Mach, if I'm not wrong normal banking can do pretty much anything that Mach does(doesn't count the FD part), not to mention very limited branches can apply it.

Just placed with UOB Malacca branch. Transaction was super fast. Good service.

Don't dare to place too much with BR. To mitigate the risk.

But they put special FD rate on MACH...

for branding maybe?Remember MACH branches open on weekends and PH, open till 10PM and located in shopping malls.

funny thing is it seem like you can link all your HLB accounts with MACH in the online banking - but somehow it is just different.

This post has been edited by bearbear: Feb 26 2013, 03:45 PM

I'm gonna to call and ask them about what so special about Mach later this afternoon, maybe they'll gimme me the answer that can satisfy my curiosity.

It is just another marketing strategy, new brand new product, just like toyota created lexus high end brand

If I have 100k, where should I put my money? FD or house loan. I not sure whether the calculation is right.

Assume if house loan 100k. 4.2% interest and 40 years tenure. Monthly repayment will be RM430.
RM430 x 12 x 40= RM206,400 (RM100,000 principle and RM106,400 interest)

OR

Assume 100k for maybank FD monthly renew. 3% interest and I put it for 40 years. 3% / 12 mths = 0.25%
RM100,000 x 0.25% x 12 mths x 40 years = RM120,000 interest plus RM100,000 principle = RM220,000


From my calculation, it seems like FD is better than house loan in terms of interest. Can someone correct my calculation?

To take the 4% promo Mach FD, you'll first need a Mach Money Box account.
You can only open this account from Mach branch.
Thereafter you can go to any HLB branch and deposit your fund (or even deposit your cheque using Cheque Deposit machine) into this Money Box account.
Then you can use HL Connect online banking to place Mach FD by using the fund in your Money Box acct.
Interest is crediting into Money Box acct on monthly basis.
There is free IBG option, you can IBG your interest into other bank or withdraw at ATM, or place as new Mach FD.

This post has been edited by tbheng: Feb 26 2013, 11:26 PM