Since you admitted you were wrong, this statement indicated that you are rational, humble, and responsible man.

This is really not easy when a person can admit he is wrong



This post has been edited by BoomChaCha: Mar 8 2013, 06:36 PM

First of all, I do not favor to anybody.

I think you made MilesAndMore pissed off in the first place was because you asked him to end his topic on your post #153.
I am sorry to say that your statement was quite offensive lah...
Why cannot talk nicely to each other meh..?

Or perhaps you did not have the intention to offense MilesAndMore, but just the way you communicate to people is like that?

If MilesAndMore was wrong, he would admit it..

I posted a wrong HSBC Premier FD information on post#144, Captain corrected me on his post #160,
But Captain did not ask me to end my topic...



This post has been edited by BoomChaCha: Mar 8 2013, 06:44 PM

NOTICE - please read if you have nothing better to do



Bro, you have been officially made a life time member of the FDMCGC (See post#2)

To ALL:

HLB Junior FD Promo is Back. Offer expires end June 2013 or when fund reaches RM1B (be quick if you want 2 years FD tenure).



Click here to my FD Page for my comments on FD Promos.

This post has been edited by Gen-X: Mar 8 2013, 07:08 PM

Not changing my stand on the account closure fee which is not clear in my opinion and stating two Current Account types make it worse. And also no point to give further response as none of the questions raised were answered by the one not agreeing with it. And to continue this will lead to no end as what we have seen in some credit card threads which many have since been removed. So get back to the topic guys

Seems like HLB are not reviewing their documents before posting to the public. Thanks for the info about FREE for HLB ATM withdrawal

However, the minimum deposit for the account opening still contradict, right? Is it confirm to be RM50 now?

btw, the banker cheque or bank draft charges for mach is same with HLB? (rm5.15)

This post has been edited by edwardccg: Mar 8 2013, 09:24 PM

Quite a few contradicting and wrong information on their website since they revamped the Mach by Hong Leong website a few days ago.


Yes. Still don't know which is the correct one, whether it is RM50 or RM200. May be you can finally find out tomorrow ? That's if you are still going to a Mach branch as planned tomorrow


Can't find this anywhere in Mach website. But since they are the same company, it is therefore safe to assume that it is the same (RM5.15). Perhaps you can ask too tomorrow ?

alright, I will drop by on mach tomorrow since mid valley is the shopping mall which i visit almost every Saturday

There is also another Sweet FD deals of 3.75% for 12 months for HLFD, HL Flexi FD & Senior Savers Flexi FD.
Promotion until 30 jun 2013.New fund only.

I received ocbc sms promoting 4.5% 3months FD. fresh fund min 5k.
I also want to ask can i use money from my ocbc saving acc?

Thanks for sharing the junior saving account.

If the child going to reach 18 yrs old ths Dec and the FD account is open in Mar this year, will HL bank still honour the fd rate for first year and subsequently second year?

No, you have withdraw and deposit into another bank first....the promo is meant for fresh fund only..

I just want to share here that Public Bank seems to have waived the Banker's Cheque fee for FD withdrawal. I was there today to withdraw my FD and as usual I requested for Banker's Cheque, surprisingly they only charged 15 sen for the stamp duty unlike previously where I was charged RM2.15 for a cheque.

Yes, you will still continue to enjoy the Junior FD promo rate ( promo interest credited monthly for the next 2 years into the child's savings account) as long as you deposit before the child's birthday. However, the Junior Savings Account will automatically be converted to Normal Savings Account on the child's birthday and thereafter it will earn nominal interest rate.

Yes you are right with RM50K deposit.



I still think the Junior FD is better as you get close to 4% for the next two years. Plus the interest from the FD credited monthly and get to earn close to 1 month interest rate.

By the way, those of you who like to know more about HLB Junior Savings Account and Junior FD, click here to my previous article - The Best Savings Account in Malaysia for Children, Parents, Adults and Grandpas too.

This post has been edited by Gen-X: Mar 9 2013, 01:24 AM

3.98% for 6 months tenure, 8% of FD needs to put into CASA -- for below RM 100K FD deposit.

(3.98% / 100) x 8% = 0.3
3.98% - 0.3 = 3.68% p.a.

So the effective rate is 3.68%? Assuming if no interest from CASA.
Is my calculation correct?

Anybody knows what is the interest rate in Hong leong saving account for this promotion?


PS: Thank you for the info, Captain

This post has been edited by BoomChaCha: Mar 9 2013, 03:27 AM

Visited mach yesterday for add on FD. Their online is a bit slow at paradigm branch. I have problem log in to HLB connect(which show"you already log in) and called HL customer service and said technical problem and worry me thought phising scam, I suggest those want to do FD placement better walk in to deposit.

Btw, what comment for MBSB 12months for 4.05 and up to 60m is 4.70. Any comment?

Hi all, just to share my experience on HL Mach 4% FD (which I shared 2 months back. I think I was the first to spot this and share here).
post#1713
post#1717
post#1802
post#2447
I went on the launch date (7 Jan).
1. Min amount to open Mach Moneybox acct: RM50 cash deposit. (RM8 will be deducted from it the next day by the system.)
2. FD Placement option#1: Ask Mach staff to deposit banker's cheque and open FD. FD start on the same date.
3. FD Placement option#2: Deposit cheque into Moneybox acct via machine. Once cheque cleared, u can place FD via HL Connect. FD start on your transfer date (i.e. after cheque cleared. I din take this path. The info was told by Mach staff.)
4. FD interest auto-credit into Moneybox on monthly basis.
5. Min balance in Moneybox? Not sure. But I IBG my interest out and left RM2.xx in acct. See screenshot. Will do that every month after the interest.
Time flies, already 2 months. 4%, you can really see your money working hard for you every month.

This post has been edited by tbheng: Mar 9 2013, 10:41 AM


Attached thumbnail(s)

I think it is another promo mention by @jasmine2001, the another 3.75% promo is for other FD but not the "Priority Banking", minimum deposit is rm10k
refer to this post. http://savemoney.my/hong-leong-bank-sweet-...30th-june-2013/

Thanks for the info
Seems like the minimum balance to keep can up to RM1.

So the current unclear things is the bank draft fee and account closure fee after 6 month of account opening.
By the way, what is the minimum amount for the free IBG? in FAQ they mention subject to minimum monthly average balance of RM1000.00. What does this mean? If not fulfil the condition, the IBG will be charged?

Hmmm, not sure about the min balance to enjoy the free IBG.
Mine is Sky-High, so get charged RM1 for IBG.
Planned to switch to Free IBG.
Alternatively, since ATM withdrawal is FOC, you could withdraw as your monthly spending/pocket money.

@bearbear, I remember yours is Free IBG. Can you share if the IBG charges depend on the balance? Thanks.

Does this mach-promo still on-going? Or is been closed on the 7th dy?

Indeed you were


Thanks for the clarification


Yes


Yes. But if the minimum balance to keep is only RM1, then the account closure fee is not important anymore. Worse come to worse, just leave RM1 in the account, don't touch it for 1 year and it will auto close by the bank

By the way, i just noticed this under Sky High Savings. Does that mean it may be possible to withdraw every single cent even when the account is still active ?



It's been extended to end of next month. But if they gather RM100 Million of deposit under this promotion before the new end date, they will pull this promotion early.