Do a banker cheque. Cimb charge me 2.15

CIMB did not charge me any fee for issuing a banker check when I withdrew my FD about 2 years ago

You also mentioned that it was 2 years ago.

From: http://www.cimbbank.com.my/index.php?tpt=&...8&tpl=gen_rates

Bankers' Cheque

Products/Items | Charge
1 Banker's Cheque RM2 and stamp duty of RM0.15

Ok. Thank you

I'd rather take the 3.75% 12months promo from hlb.. No need to go open sav account and think where to move the funds few months later.

The Mach FD extended to end April.
3.75% and 4% for big amount does contribute significant interest:)
Anyway, IMO that the concept of MACH operate in shopping mall and till 10pm is quite convenient for consumer.

THe saving for the interest debit into the account. Somehow, the money box saving got 1.8% interest.

agree.

3.75% for 12 months is good enough for most purposes incl convenience and hassle free.

pbb, cimb have nothing close to that rate!

Hi everyone,

is the 3.75% by hong leong bank started? where can i get the info online?

i am interested into high FD interest for about 12 month without any condition to fulfil (eg, need to keep some percent to saving, require saving account on the bank...etc).

thank you

This post has been edited by edwardccg: Mar 6 2013, 11:03 AM

I just did one placement this morning, no condition, 12-month 3.75%

Do we need a saving account to open this deposit if we choose to add the interest to principal?

For MACH - funny how they charged me RM1 for IBG transfer and later refunded before i even complaint (My account come with free IBG)

So far the Hong Leong Website didn't update anything about 3.75% interest, is it the normal Hong Leong FD, or Flexi FD or Earn Now FD?

Just to double confirm, No condition does it mean that we don't need saving account to open this FD?
My PBB FD is mature next week, consider to place the fund to the Hong Leong Bank

btw, after requesting a bankdraft from my PBB FD withdraw, can i use the banker cheque to open Hong Leong FD directly?
will they issue the FD cert immediately or will need to wait the cheque to clear before they give the FD cert?

Thank you for your reply

This post has been edited by edwardccg: Mar 6 2013, 12:15 PM

Hi, for Hong Leong Mach FD 4.0%, one must open it at MACH branch only? Hong Leong branch unable to?
HL Mach FD only works for minimum placement of RM10,000 for 1 year right? After 1 year it will revert back to the current FD rate if you continue the FD tenure.

Alternatively, Hong Leong Bank also offers Islamic FD at 3.8% where the promotion ends earlier (today) than the stipulated date, due to overwhelming response. Conventional FD from HL also having a promotion of 3.75% until somewhere next month right?

(Seems like Hong Leong is more prosperous, either that or they are desperate for money.)

Yes HL MACH branch only as you need to open a fixed deposit account under MACH.

Which account offers FREE IBG ?

CIMB call me and mention something about upgrade my saving to account to Premier or premium account . the the FD rate up to 5% .

no time to go CIMB bank yet . any confirm with this ?

Money Box Deposit Account - you get to choose either IBG (Free 5 transactions/month) OR sky high saving (name is sky high but 1.8% only)

for hlb, u need to open a savings a/c, min rm200comes with ATM/debit card, withdraw immediately after opening if u want.
the a/c is needed becos the monthly interest is credited there.
if u terminate fd early, they will deduct from principal if u have withdrawn the interest.

that's the usual case for hlb fd, should be the same for this 3.75% 12mths.

This post has been edited by AVFAN: Mar 6 2013, 02:10 PM

for major banks incl hlb, cimb, pbb, they will take bank draft or cheque, starting day is day u deposit.
the fd cert is given to you right there and then, ok maybe 15min wait.