Hi all, just a quick update to share my closing experience on HSBC 5% new branch promo...

1. TD-i can only be uplifted one day after maturity date (for amanah).
2. It can be uplifted in any branch, no FD certs are required.
3. Banker's cheque costs RM5, IBG costs RM2, Rentas costs RM9.
4. TD-i is uplifted and credited into the Amanah Advance acct.
5. Amanah Advance acct can only be closed after TD-i uplifted.
6. Amanah Advance acct can be closed in any branch.
7. The teller processed all my 3 instructions (uplift, IBG, close acct) in single visit.
8. IBG amount can be the total of TD-i + Amanah Advance balance.
9. Fund arrived my receiving bank before 6pm the same day.
10. Bonus: they waive the IBG charge. Hence zero charges. 
11. Results: solid 5% p.a. interest on 3-month tenure. 
12. It is still valid for some branches, refer page#1 for details and check the TnC to see if it fits you.

Disclaimer:I do not work for HSBC, the above was my experience for sharing, your experience might vary. If in doubt, please call their call center. 

For now, hopefully I can find another 5% (effective) promo...   
In the meantime, the music resumes for the game... 

Hi all, just a quick update to share my closing experience on HSBC 5% new branch promo...

1. TD-i can only be uplifted one day after maturity date (for amanah).
2. It can be uplifted in any branch, no FD certs are required.
3. Banker's cheque costs RM5, IBG costs RM2, Rentas costs RM9.
4. TD-i is uplifted and credited into the Amanah Advance acct.
5. Amanah Advance acct can only be closed after TD-i uplifted.
6. Amanah Advance acct can be closed in any branch.
7. The teller processed all my 3 instructions (uplift, IBG, close acct) in single visit.
8. IBG amount can be the total of TD-i + Amanah Advance balance.
9. Fund arrived my receiving bank before 6pm the same day.
10. Bonus: they waive the IBG charge. Hence zero charges. 
11. Results: solid 5% p.a. interest on 3-month tenure. 
12. It is still valid for some branches, refer page#1 for details and check the TnC to see if it fits you.

UOB currently introduction FD interest rate as high as 3.7 for 12 months. ( very high compare to normal 3.3-3.5)

beside, UOB also introduce a bond that interest rate is 6.0-7.0 for 3 years ( with no risk at all). there are 3% charges for the 1st time  but when reached maturation date ( 3 years) the 3% charges will be refund. for me , is quite a good place for you guys to put your money if dont want any risk at all.

If the FD only can be uplifted one day after maturity, can it really be classified as 5% effective?

Good to know that the Savings  Account can be closed upon withdrawal on the FD.

Yah, all of us should have a disclaimer clause especially when it comes to OCBC promos, haha

Tomorrow beginning of last quarter, lets see what OCBC has to offer and I wonder if SCB going to extend the Step Up FD. Let's hope the game gets more competitive.

UOB currently introduction FD interest rate as high as 3.7 for 12 months. ( very high compare to normal 3.3-3.5)

beside, UOB also introduce a bond that interest rate is 6.0-7.0 for 3 years ( with no risk at all). there are 3% charges for the 1st time  but when reached maturation date ( 3 years) the 3% charges will be refund. for me , is quite a good place for you guys to put your money if dont want any risk at all.

It's called the OSK-UOB Focus Bond Fund - Enhanced

1. You get Annual Income Distribution : 3.5% to 4.0% p.a from Bond portfolio + average 2.5% from Yield Enhancement Strategy
2. Capital Reservation at the end of the 3-year
3. Potential Higher Returns than 3-Year FD Rate
4. Non-Taxable on Income Distribution

http://www.oskuob.com.my/OSKUOB/page.jsp?n...ddtl_FOCUSBONEN

I don't read anything on capital preservation for this fund...

Also, there is a difference between Capital GUARANTEED UT fund and Capital PROTECTED UT fund, the former guarantees the return of capital invested, whereas the latter merely SEEKS to protect capital invested but there is no guarantees.

Aren't Bond matures with capital value + small earning ?

It's called the OSK-UOB Focus Bond Fund - Enhanced

1. You get Annual Income Distribution : 3.5% to 4.0% p.a from Bond portfolio + average 2.5% from Yield Enhancement Strategy
2. Capital Reservation at the end of the 3-year
3. Potential Higher Returns than 3-Year FD Rate
4. Non-Taxable on Income Distribution

It's just a projected figure...sales pitch document. What is not written in black and white inside the prospectus are not to be taken as true.

Correct sifu....