Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Fixed Deposit Rates in Malaysia V5

views
     
nomen
post Dec 26 2013, 10:02 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
Standard Chartered offering 3.5% for 6-month FD still available till 31 December 2013.
nomen
post Jan 9 2014, 06:55 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(TSOM @ Jan 9 2014, 06:46 PM)
If want to open the Mach account, can I do it at any HL branch or must go to a Mach branch?? hmm.gif
*
Yes, you are required to go to any Mach branch to open an account.
Check it out here: https://www.machbyhongleongbank.com/branches/
nomen
post Jan 14 2014, 05:38 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(plumberly @ Jan 14 2014, 09:02 AM)
Need your feedback.

I have one FD due at the end of this month. But I will be away for the Chinese New Year.

Either
a. I withdraw from a bank in another town (is this allowed?)
or
b. I pre-sign and ask the bank to transfer the amount to my saving
account in another bank.

Possible?

Thanks.

Happy, Rewarding  & Prosperous Chinese New Year to all our Chinese colleagues here!
*
Why not let the bank auto-renew your FD?
Another option is to open a Savings account (with high-yield interest) with the same bank. Remember to change your FD renewal instruction to deposit into your high-yield Savings account upon maturity, hence you would still be earning interest while you are away.
nomen
post Feb 4 2014, 03:01 AM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(Sitting Duck @ Feb 3 2014, 11:34 AM)
Hi Guys,

Appreciate some help on this question.

For joint FD or joint saving account with 2 names and with condition that either 1 can withdraw the money. However, if one of the account holder pass away unexpectedly, would the account be frozen until a court order is release, or can the other account holder still be able to withdraw or close the account after the other account holder passed away?

Thanks.
*
Last year I emailed to May Bank to make an enquiry regarding joint account with either one to sign. My question was, in the event of the demise of one of the account holder, will the remaining joint account holder be able to withdraw the money from the bank account, and subsequently I got the following reply from them.

For accounts with balance exceeding RM 5,000.00,Letter of Administration (LA) or Grant of Probate (GP) must be produced for withdrawal of funds from a deceased account.

In an event of demise of a joint account holder, the remaining joint account holder may either close the account or continue to operate the same. A Letter of Indemnity (LI) from the remaining joint accountholder is required.

However, if estate of the deceased joint account holder is duly represented, e.g, by Grant of Probate or Letters of Administration and comes forward to claim the deceased’s share of the monies in the joint account, the Bank can allow at least ½ share of the monies to be released to the representative. Nonetheles, this is only allowed prior to the release of all the monies in the account by the Bank to the surviving joint account holder premised on the principle of survivorship.

I hope this could help shed some light regarding your question.
nomen
post Feb 7 2014, 04:11 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(bearbear @ Feb 5 2014, 11:01 PM)
withdraw online to your money box account
*
How do I make a total upliftment of Mach FD above 10K on the maturity date, if the amount of online transfer is limited to only 10K per day?




This post has been edited by nomen: Feb 7 2014, 04:15 PM
nomen
post Feb 8 2014, 12:58 AM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(bearbear @ Feb 7 2014, 04:28 PM)
you mean you want to take it out from MACH to other bank?

No other way - bank draft.

or transfer 10k per day tongue.gif
*
Yes, I want to uplift the matured FD above 10K to make a placement with another bank on the day of maturity.
It seems that the only viable way is to withdraw from Money Box account via HL Banker's Cheque/Bank Draft.

If online transfer 10k per day means loosing several days of FD interest. laugh.gif
nomen
post Feb 8 2014, 02:53 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(PenTai @ Feb 8 2014, 11:32 AM)
WTA or please advice. 20k+ for FD. Only interest in 3 or 6 months FD before March.
choice bank:
1) OCBC
2) HLB
3) MACH

Thank you for your opinion and advice.
*
Currently online FD placement with MACH HL FD Promotion 6 months @ 3.70% p.a. till 28 February, but required
to open a Money Box Deposit A/c as interest will be paid monthly.
nomen
post Feb 8 2014, 03:00 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(bbgoat @ Feb 8 2014, 08:38 AM)
For the banker's cheque, we can do it in any HL Bank for this Mach account ? I seen to read it this way from other posts. Please clarify. Thanks !
*
I got confirmation from Mach Manager yesterday that withdrawal by means of banker's cheque can be done at any HL bank.
nomen
post Feb 13 2014, 04:28 PM

Getting Started
**
Junior Member
163 posts

Joined: Apr 2010
QUOTE(enriquelee @ Feb 13 2014, 04:16 PM)
What is CASA?
Anybody mind to enlighten me? Tq
*
CASA stands for Current Account / Savings Account
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0724sec    0.24    7 queries    GZIP Disabled
Time is now: 6th December 2025 - 04:04 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.