i think this is a good practice.
more so for large sums.
we put money in fd becos we're careful and conservative.

if money lost or stuck becos of online fraud and scams, there is no tear left to cry...

mind to share the link to the guideline for eFD? I could not find any of this from their website, maybe the guideline can only viewable for Hong Leong Connect user?


This post has been edited by edwardccg: Mar 7 2013, 05:41 PM

I did see this. But there is no mention here that there is no account closure fee if you close the account after 6 months you opened the account either.

Say I put 1 year Mach FD, when it matured I just close the Mach acct, do I need to pay RM20 too?

Also why the fixed cost for is RM36?

20 for closure (if applicable)
8 for year 2013 annual fee
8 for year 2014 annual fee

which fd is better if I want 6 months or less?

OCBC smart saver

Nothing special. It has been at there for quite some time.

you are right.

they might do this trick

however, for my opinion. since they didn't mention the fee charge for closing the account after 6 month, then it can also be consider the charging is not applicable because it didn't mention about it.



This post has been edited by edwardccg: Mar 7 2013, 08:34 PM

Yes. Need to be HLB connect users. It is type of click drop down box.

i see, guess i will do the walk in method just to be safe. Since Hong Leong Connect is not so famous and widely use like Maybank2U and CIMB Click

It's not a trick actually. RM20 is the account closure fee no matter how long you've been using the account. You can probably ignore the Basic Current Account and Other Current Account for the time being as Current Account is not offered by Mach at the moment.

this mach i really dunno, but my friend had just close the RHB statement saving account which didn't charge any. their site also mention RM20 charge when closing within 6 month, but didnt mention "no charge" after 6 month.

Anyway, i will pay mach a visit this saturday and confirm about this.

This post has been edited by edwardccg: Mar 7 2013, 10:41 PM

Hi all, just wonder why there's no update about HSBC promo in this month. HSBC Premier Festive Time Deposit (TMD) Promotion 2
1st & 2nd mth - board rate and 3rd mth enjoy 7.88%. is this a good deal? need your comment.
http://www.hsbc.com.my/1/2/personal-bankin...PREMIER_DEPOSIT

To top up the FD?

Do you mean can add additional fund later to the existing FD account?

Thanks for the update.



This post has been edited by BoomChaCha: Mar 8 2013, 05:29 PM

yes FD account just enable you to deposit FD online - you can deposit as many FD as you want.

But it is only for new premier customer.
Non-premier customer (if not upgrade to premier customer) and existing premier customer do not get those rate. (if not mistaken)

Again, the has been shown by edwardcgg and there is no mention that the RM20 account closure fee is applicable only if you close it within 3/6 months from the date you opened the account. And the asterisk is no help and it is making all this even more confusing as currently, there is only one type of Money Box Account and it is not a Current Account. Besides, we do not know what is the minimum balance that must be kept inside this Money Box account at all times. So we don't really know just how low the "outstanding balance* in the account can go.


I had a Hong Leong Bank Basic Savings Account two years ago and i did not have to pay a single cent when i closed the account as i had had the account for more than 3 months already then. I was also able to withdraw every single cent inside the account.

Anyway, all banks have a different T&C for the accounts they offered. Alliance Bank for instance, will charge you RM20 when you close your account (within 3 months) and RM10 after 3 months for most of its savings account type.

When you go there this Saturday, do ask them what is the Basic Current Account/Other Current Account about. And do ask them what is the minimum balance must be kept inside the account at all times and share with us. We value your actual experience here


Yes. Only applicable to new-to-bank customer as well as existing customer who upgrade to Premier Banking. However, for existing customer who upgrade to Premier Banking, you need to come up with a fresh deposit of at least RM200,000 to be eligible for this promotion.

This post has been edited by MilesAndMore: Mar 8 2013, 12:47 AM