fd 5%... bs la...
it's a "step-up", i.e. low int for 5 months, then 6th mth is high like 5%.
current offer they have is effective 3.42%, i'm pretty sure.

unlike hlb, uob or ocbc, cimb is not keen on fds.
their so-called promos are usually nowhere near their competitors.
they are focusing on other products like klibor driven frnid structured instruments which are not fd.

This post has been edited by AVFAN: Mar 6 2013, 02:28 PM

I was told today by the HLB staffs that the Islamic Bank FD doesn't provide FD Cert.. is this true?

Do you really have to pay RM1 each time you withdraw money using your Mach VISA debit card from Hong Leong Bank ATM ? The Fee Disclosure table seems to suggest so

Have not done that but was told i can bank in to my MACH acc at any Hong Leong Bank

But that will attract a RM1 fee too per over the counter transaction

Is there any hidden fee for MACH acct, such as annual fee etc? I'll probably get one just for FD and no intention to use it btw.

RM8 annual fee

ehh they told me can be done via machines

Haha the catch is here, unless there's no annual fee, don't think I'll get one since I don't plan to use it.

I think I'll probably go for HLISB, HLISB no annual fee right?

8/10000 is only 0.08% and MACH you can withdraw in multiple of 3k without affecting the remaining balance in your FD.

Well your choice

M2U and Pbebank serve me well, no intention to open so many accts and get charged annually, unless it's 100% no hidden fee whatsoever then I'll apply lol.

M2U and CIMB serve me well but they are not giving me 4% P.A.

I can open Mach and enjoy 4% rate, and when the FD matures I can simply close it to avoid being charged. But quite mafan to open and close just coz of this, prefer as simple as possible.

Yes. But over the counter will still attract a RM1 per visit! The most mind boggling thing is that they will charge you RM1 for each cash withdrawal at their own ATM

Most of the higher rate needs you to open / close or deal over the counter.

Mach FD promo has extended to 30 April. It seems they have not achieved their target (RM 100 Million) probably due to few branches.
https://www.machbyhongleongbank.com/promo/mach-fixed-deposit

I noticed this time their website does not mention about the FDs promo have to sign-up with MoneyBox?
Can somebody confirms this?

The selling points about Mach FD promo:
(1) 4% interest rate p.a. for 1 year tenure
(2) Can withdraw partial fund without forfeiting interest (but must not withdraw fund for at least 3 months)


I also noticed it has a careless typo error (6) on their website since last week:
https://www.machbyhongleongbank.com/product...ampaign-english

Campaign Mechanics
6. 6For any premature withdrawal of FD whether voluntarily or involuntarily, the Association of Banks in Malaysia (“ABM”) rules shall apply on the withdrawn amount.

This post has been edited by BoomChaCha: Mar 7 2013, 10:44 AM

I will definitely go for it if the 4% Mach doesn't need to sign up with Money Box
if not 2nd choice will be 3.75% HLB FD

HLB didnt update the 3.75% FD new promo in their website, however, it is mentioned here
http://48smart.blogspot.com/2013/03/hong-l...-promotion.html

As I know, all the while minimum is rm10k.
Try see clause 3 mentioned "linked to customer money box"

Not to forget SC bank which another competitive FD provider. Most recent has been offered 4% for 6months. I guess SC will have some news for 12months.

The 4% is not a standalone 4%, but a CASA (Just One) linked.
One needs to open/have Just One, and fulfill the month deposit requirement into the account.
Also only a single FD can be placed per eligible customer

I've applied for HLB Mach and already have a Money Box account. Let say if I have another RM10,000 banker's cheque and I want to apply for another FD again. I'm thinking whether I can do this

'Go to any HLB, deposit the banker's cheque into my Money Box account, wait after 4pm until the cheque clear, transfer the RM10,000 in the Money Box acc to create another FD online through HLBConnect'

Last time I went to Mach branch it took me 45 minutes for the whole process. Very slow. I think the above method is much faster.