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).
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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


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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.

Huh? What is this Makeen and Mubeen? Any different?
Mine is Makeen too, cert is in A4 size. Opened 2 months back.
Are they changing the product yearly?

For BR, yes. If you negotiated higher rate, it will renew with the negotiated rate. That's what I was told by BR when placing my first FD with them early this year.

Was there a change recently?
I called up early this year, the CS said the KL Sentral branch is a Bureau de Change, can't place FD.
I went passed the branch 2 days back after work, it was closed. Didn't get to ask.

This post has been edited by tbheng: May 18 2013, 09:27 AM

Ya, my wife tried before with MBB one. Capital protected. After 3 years, get back the initial invested amount, 0% return.
She looked at the maturity notice and practically speechless...
She has then moved on to FD and never look back to these type of products ever...FD is slow but a guaranteed return.

This post has been edited by tbheng: Jun 4 2013, 06:59 PM

Yes, HL MACH FD 4% interest is great! I just IBG out my interest every month on the day the interest is credited. With the new RM0.10 IBG charge, it is so affordable and convenient to manage your fund (and reinvest your interest before your FD is matured).

The other FD with similar flexibilities is from BR (but without PIDM). Interest >4%, credit monthly, can IBG out via ibanking, no hassle of visiting branch for renewal.

Now that MACH FD promo (4%) is over, hope there are more of such FD products/promos from other banks.

This post has been edited by tbheng: Jun 16 2013, 10:02 AM

My last experience earlier this year was 4 days after the FD was placed.

Not invited.
I guess I'm a small fish amongst many other big fish in my area.

Yes, i-Rakyat is the internet banking of BR.
I applied when opening my FD and SA.
Was using for the past 6 month.
I use the IBG feature to transfer the monthly interest out to other bank.
IBG fee was 50 sen initially, BR offer free IBG in May and then 10 sen from June.
Yes, it is very convenient to check acct balance and transfer fund via internet.

Wow, if can really get 5% or higher, I will consider to renew my BR FD from 12mth to 61mth.
Hope the min amount per FD is not too high, as I always split my fund into multiple FD certs, just in case I need to use my fund partially.
So far I am happy with my BR 12mth FD, with high interest and credited monthly. just pay 10sen to IBG out. Cool!
Thanks for all the sharing form BR supporters here.

Eh, I ain't get any hamper nor invite to makan-makan.
Are these branch specific goodies again. Haiz...

Same here, my portion on FD is my FD. And I do have some FD on PIDM protected bank too.
My UT do yield >5% p.a., but that is a separate portfolio, diff risk level.
I have another portfolio on Dual Currency, that yield >10% p.a.. Again it is a separate basket, higher risk.
Am looking into REIT, but don't have time to start another portfolio.

Hmmm...so in your view, IR likely to rise in medium term?

This post has been edited by tbheng: Aug 6 2013, 07:37 AM

Hahaha... never knew the FD sifu here are very humorous too...
+111. FD musical chair game is very tiring, couple with the FD+CASA requirements and step-up %...
I will be eyeing for 12mth as min tenure from now on, unless there are very special super-duper promos (which I doubt it at the current local economic climate).
Save the time for exploring other investment opportunities...

This post has been edited by tbheng: Aug 11 2013, 10:35 AM

Hahaha..."vividly", wow! Don't play play with our buddy here...
Ya, I got 4.11%, not too bad, but far from 4.25% la.
Actually if can secure 5%, I think I would lock in for 5 yr, though 5 yr is really a long period of time, but I get to enjoy the interest monthly like my current 12mth FD, so not really like the conventional FD where you get your interest at maturity after 5yr.

I don't see the option for eFD in the BR internet banking.
You don't have the BR internet banking facility?
It is useful for me to do IBG on the interest crediting day.

Guys, I checked that before, only acct for children is eligible for Tax Relief. Please read the TnC here.
According to the TnC, if you open acct for junior not your own children, as penjaga also eligible.
But this one I have no experience. Please check with PTPTN or LHDN further if you are interested.



This post has been edited by tbheng: Aug 13 2013, 02:41 PM

4.25%??? May I know when was your interest credited?
I have just started SSPN last year, and if I worked out the interest backward it is only 2.91%p.a! Which was posted on 1Jan2013.
I have deposited twice last year, so I worked out the interest based on daily balance.
Maybe you have more balance at the beginning of the year and not RM20 for the entire year to get you 86sen interest.

Oh, btw, you can also check the acct online via eSSPN, very convenient. I have just checked, there was no interest credited after 1Jan2013.
I opened SSPN acct mainly for tax relief reason and serve as a saving for my kids, not hoping for any high interest rate.
But if 2.91% also not bad lah.

Time to pump in the account again for this year (before the end of the year).
It is quite convenient as I can transfer in the money via m2u. No need to go to branch.
But to open acct must go to branch lah.

This post has been edited by tbheng: Aug 13 2013, 02:21 PM