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 Fixed Deposit Rates in Malaysia V4, Please read 1st post.

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frontierzone
post Mar 6 2013, 01:03 PM

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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.)
frontierzone
post Mar 27 2013, 05:22 PM

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Would like to ask whether Hong Leong Sweet Deal FD 3.75% able to open up via Hong Leong online banking? I don't have Hong Leong account at the moment, so is it worth it to open up a saving, and then to create the FD via online banking? Or does the Sweet Deal only works for paper application, that means must do at bank and get certs.

This post has been edited by frontierzone: Mar 27 2013, 05:24 PM
frontierzone
post Mar 27 2013, 11:27 PM

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QUOTE(nomen @ Mar 27 2013, 10:22 PM)
You have to go to Hong Leong Bank to open a conventional FD account to make a placement over the counter, whereby a FD certificate will be issued to you.  If you do not have a savings/current account with them, the interest will be added to the principle sum upon maturity.
So, the conventional FD, Sweet Deal 3.75 promo, only available via certs, be it you have a savings/current account with them or not.

Meaning, existing HLB savings/current account users with e-banking, can't make placement for this special promo FD? They must also go to over-counter?

QUOTE(nomen @ Mar 27 2013, 10:22 PM)
P/s
If you are only interested in e-FD then you might want to go for Mach FD Promotion, but somehow you still need to go to Mach Branch (limited branches) once to open the Money Box Savings Account before going online to make FD placement. Check it out here: https://www.machbyhongleongbank.com/promo/mach-fixed-deposit
*
Okay thanks, this I've known but no near branch at my area yet.

This post has been edited by frontierzone: Mar 27 2013, 11:30 PM
frontierzone
post Apr 5 2013, 12:42 PM

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Hi, I went to a Hong Leong branch. I wanted to open a savings to facilitate the FD placement. I wanted to open the Basic Savings without annual fee (RM8), with limited transactions per month, and e-banking facility. However they told me that their Basic Savings Without Annual Fee, only comes like this:

- No ATM/Debit Card
- No E-Banking facility.

I have previously always been able to open the non-annual fee account (with ATM limited transactions & E-Banking) at other banks.

Forumers, can anyone tell me whether HL Basic Savings really works like this? I thought Bank Negara mandates all banks to carry Basic Savings, Option I and II, is that not?




frontierzone
post May 1 2013, 12:19 AM

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Normally why banks have higher FD rates for kids? When actually most of their adult guardians piggyback on their names to get the better rates for their own? rclxms.gif
So isn't the bachelors or single adults standing at a disadvantage? cry.gif
frontierzone
post Aug 29 2013, 08:54 PM

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May I know what is the current RHB promo as mentioned as expiring on Friday? rclxms.gif

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