I was counter offered for existing last year SC step up FD for 3.5% for 6 months after i callled up to cancel the letter offer of low step up effective rate @ 3.3%. Still hunting....

U need to call to cancel, if not sc will auto renew to the proposed rate indicate in the letter. It is explained in the letter. After nego, give straighforward 3.5% for 6mnths.

Oh yeaa..after attracted to this step up 6% SC and mach HL 4%...it seems any below 4% not attractive to me...arrghh