HLB MACH that offer monthly interest payment will deduct off the penalty amount from your principal if you make premature withdrawal. I guess BR would be the same

You mean website not available ?

That happens from time to time to some other banks website as well.

Yes, BR should be doing the same. Except not sure what rate they will offer you for premature withdrawal. Have never done that before, personally. I think few days ago, this was discussed ?

If I remember correctly, if your FD is at least 3 months old, then you can get half of the FD rate if you withdraw before the mature date.

I have done it once with BR.

Cheerio.

checked with MACH last time, below 3 months all interest void, above 3 months you get 50% interest only.

HSBC Time Deposit Promotion [Full T&Cs]
16 June 2014 to 31 July 2014

3.70% interest per annum for 12 months tenure Time Deposit

4.00% interest per annum for 3 years tenure Time Deposit

Time Deposit (Eligible for protection by PIDM), fresh funds obtained from sources other than any existing account(s).

Min placement: RM10k. Max placement: RM3mil. Max. allocation: RM500mil, first come first serve.

Upon maturity, the Time Deposit will automatically be renewed for the same tenure at the prevailing board rate unless the Eligible Customer instructs otherwise.

This Promotion is open to all existing customers who maintain a current/savings account with HSBC Bank and new customers who must open a current/savings account with HSBC Bank (“Eligible Customers”). Eligible Customers shall not include corporate customers.

Did they say when interest is payable for the 1 year and 3 year TDs?

What is the cost of maintaining a current/saving account?

Do they mean just maintaining the current/saving account will do ? I have just a saving account there with minimum fund there (also FD account). 3.7% for 1 year looks cool. Though I was earlier doing 3 months FD while waiting for OPR to go up in July.

Maybe still go back to 3 months FD while waiting for better rates soon.

fantasy1989
let say if i place 100k into their 1 year FD ..does it mean i am entitled to cash out the interest rate monthly?
Yes

what happen if i decided to cancel my FD after 8 months? is that any penalty?
You'll get RM2430 in dividend instead of RM3900

This post has been edited by HJebat: Jun 17 2014, 03:18 PM

thanks

UOB FD Offer

3.73 pa, interest 6 monthly, 13 months placement

Sounds attractive. Ending 30/6/14

13 months a bit too long for me

can I know what is the best fd rate (with structure, secure) for 250k for 9 months.

Was in UOB this morning to withdraw FD. Took total only about 12 minutes to get the banker's cheque. No queue at that time.

Moved to BR for 3 months at 3.6%. Hoping for higher rate with OPR change soon.

This post has been edited by bbgoat: Jun 18 2014, 02:58 PM

1. how much did UOB charged you for the bank draft?

2. did BR give a free gift?

This post has been edited by giko: Jun 18 2014, 03:45 PM

UOB RM0.15 as usual for banker's cheque.

BR, got a Parker pen (cheaper version, they used to have 2 types, one better looking). But their gift is now more limited as compared to 2 years ago.

Just holding out for better rates. Than will move out some funds to minimize risks (spread out your eggs). Ha ha.

This post has been edited by bbgoat: Jun 18 2014, 05:35 PM

Received a call from UOB. Said I have FD maturing today and asked me to see her to renew the FD. Ha ha, I said already withdrew the FD. She said UOB have FD promotion until end of June, 13 months for 3.73%, minimum 10k.

This post has been edited by bbgoat: Jun 18 2014, 08:05 PM

clever of them to call you to tie you up for the next 13 mths! when the market is heading for a rate increase!

if rate increase, IMDB and other gomen project difficult to implement. if diff, can not make money.

so it is 50 50.