No PIDM, it means the money your placed is guaranteed but the interest is not? The probably has been discusses before.. Sorry for my ignorance.

This post has been edited by nargcore: Jun 15 2013, 12:24 PM

PIDM means deposit is guaranteed up to 250k.

Non-PIDM means deposit is not guaranteed by PIDM.

Nothing to do with interest issue.

I also received call from someone claimed to be HL staff. Asked for details, the person insist to see me to explain. Believe it should be unit trust related as pure FD they would not spend time to see you.

Ah...!! You probably missed out our discussions about MACH FD in the earlier pages where fund in the MACH SA can be GIRO out to any bank account at the cost of 10sen per transaction up to the limit of rm10k per day.
From now on, you don't have to 'spend' your money in order to 'cash out' fund from 'debit card'.
By the way, HLB actually don't credit the FD interest into your debit card, instead, they credit the interest to your MACH SA in which a debit card linked to this SA was issued to you.

The max monthly interest you can earn from MACH FD 4% promo is approx Rm833.33 due to the max deposit cap of rm250k. So if you wish to maximize the compounding interest, rm833 is sufficient enough to make a FD placement.

You win, merchant win and HLB also win.

Interesting. May be I'm one of the guy they called much earlier, the same question that I listed just now same like I asked them which they cannot answer back.

That girl just said from Hong Leong, guess you are right, may be from HLA...

MBSB CEO mentioned in the newspaper there is a plan to turn MBSB into full fledge bank...may be merge with RHB since EPF have shares in both banks...

Haha

Yes, HL MACH FD 4% interest is great! I just IBG out my interest every month on the day the interest is credited. With the new RM0.10 IBG charge, it is so affordable and convenient to manage your fund (and reinvest your interest before your FD is matured).

The other FD with similar flexibilities is from BR (but without PIDM). Interest >4%, credit monthly, can IBG out via ibanking, no hassle of visiting branch for renewal.

Now that MACH FD promo (4%) is over, hope there are more of such FD products/promos from other banks.

This post has been edited by tbheng: Jun 16 2013, 10:02 AM

Anyone else with recent experience for UOB on the fee?

Just to confirm, if my FD matures on 28th June, I can uplift it on 28th June itself without any penalty, correct?

This post has been edited by Human Nature: Jun 16 2013, 03:10 PM

For UOB, the banker's cheque in Penang is RM0.15. But as Captain reported, in Klang Valley it is RM2.15.

This post has been edited by bbgoat: Jun 16 2013, 03:33 PM

Yes, if your FD maturity date is 28th June, you can uplift it in 28th June.

But for my UOB FD, it happened that there was no interest paid for the last day of FD (FD maturity date).



This post has been edited by BoomChaCha: Jun 16 2013, 05:57 PM

I think all UOB banker's check fees are standardized nationwide.

If you make the banker check's payee name exactly the same name on your FD, there is RM 0.15 stamp duty;
otherwise, UOB banker's check will charge you RM 2.15 per check.

You can ask UOB counter about the how to get this RM 0.15 fee before you make withdrawal.

lol, end up is around 4% (2/3 of 4.5 plus 1/3 of 2.9) rite?

Hello Handsome..

if you can make both FD and Smart Savers placements during the 1st day of the month,
after that you withdraw both FD and Smart Savers in 3 months later (better withdraw both during
1st day of the month), then you will get approximately 3.96% p.a. profit rate.

But you have to deposit at least RM 1000 in your Smart Savers in the 2nd and 3rd month in
order to get 3.96% rate.

if you make FD placement + Smart Savers other that 1st day of the months, you will get less
than 3.96% rate.

Smart Savers is the most tricky saving account I have ever seen in my life so far... (if bundled with FD)

This post has been edited by BoomChaCha: Jun 17 2013, 03:14 AM

for smart savers, i think it suits me.. 1k/month is not too bad for me though i have to cut down on alot of stuffs

This post has been edited by endau02: Jun 17 2013, 09:57 AM

I had made 3 withdrawals quite recently in PJ Branch, UOB only charged 0.15 sen for the stamp duty on condition that the amount is not split. Principal + interest earned in one lump sum and has to be in the same name.

okay thank you for sharing this info. I will request for the same thing

Ha, just received a card from Penang BR for a High Tea invitation. Good loh !

Normally, how long does it take for BR to deposit the introducer incentive into the SA?

Last time I asked, seems to be at maturity of the FD. They said just in case the person withdraw it before the maturity (so they cannot pay the introducer earlier than the maturity date of FD placed).