if u read the main page of hsbc, it says advance customers of less than 3 months are eligible for this promo.
i am an advance account holder for 5 years already. dont think i can apply for this fd promo

check back the original T&Cs for that particular FD campaign.

each FD campaign from different banks has different T&Cs on the interests.

I recently placed 2yr FD with Affin, also credit the interest upon maturity. I was fully aware of this condition when signing the placement.


Is it legal? since you've signed the FD placement, liability is on you, not the bank.

This afternoon when to HLB. Have a FD maturing on the 29/1. But I won't be in malaysia on 29/1. Ask can I transfer money to my mother's account upon maturity so she can put affin 4.38 for me as we have a joint account. HLB said cannot. Then asked how much if I were to remove the FD, they are going to only give me say 3 months interest despite the FD have been put for almost 11 months already. This FD, the interest is credited monthly into my SA. So what happen is they are deducting 8 months of interest from the principal if I withdraw today.

Asked the officer in charge (behind the desk, not counter workers), apparently you can write a letter of authorization and upon maturity, the money will follow your instructions. So in this case, I can transfer the principle upon maturity to my mother's SA despite not being in Malaysia at that time.

By writing a letter of authorization, I won't forfeit my 11 months of interest and still able to uplift it upon maturity even though I am not in Malaysia

Just want to report the above incident. Could be useful for some.

You are normal HSBC customer and join Advance recently yo entile the 5% FD promotion?
If u are new to advance, iu should be still able to entitle for the promotion.

no, i have been advance saving from last year..
i did get sms notification to promote their 5%..

Never heard of that before

I'm not sure about it.


I was a normal HSBC customer, and I just applied Advance last month during December (qualified via Perks@Works for 2 years, since my company is one of HSBC's client).

And yes, I am qualified for the promotion, I however only put some of the funds, since they require "Fresh Funds"

Will be too obvious if I move out everything, then transfer it back

Tuan Alvin.. you can do it also ma since you know the format..
After you did it, then I will post it on Post #2, we bergotong-royong lah just like wikipedia..

Last time I asked for a favor from Double Magic to compile all FD info on Excel, but
no news from him at all.. Don't know if he is in the middle of doing it? Or he does not
want to do it..?

The only negative side I can notice is that HSBC needs 2 days to clear the check, this means we will lose 2 days interest.
Unless if we bring cash then can get the FD effective on the same day, who dares to bring cash..?

May Bank FD Promo, valid until 31 December 2015 until further notice
4.12% for 1 year tenure
Min RM 25K

Quite strange May Bank offers this FD promo last for 1 year period this time..

This post has been edited by BoomChaCha: Jan 3 2015, 10:42 AM

Actually I didn't use cheque, I used Inter-bank GIRO to bring in "not-so-fresh" funds

Does anyone know any bank that offers Junior SA with access to online banking portal?

Thank you for her help!

my 16 yo brother did that with CIMB Youth

this is so nice.
I been loyal to MB for years and I think this 4.12 conventional is far more better thn others. Waiting for my merdeka 3.88 to mature and start accumulate others to be mature just for this

Interesting... FD promo for 4.12% for 1 year?
I can't find this in the eFixed Deposit.. can open via online?

Only got my fund on 1st Jan, missed the OCBC/UOB 12month FD @ 4.2%...
Went for AmBank 3year FD @ 4.5% instead yesterday.
The whole process was unexpectedly fast, done in 15min. I was loading up my parking for 1.5hr...
I have existing FD and SA account there, they say existing SA can be used for interest crediting but FD will be new acct.
Interest is every 6mth, if depositor is 50yo and above can opt for monthly interest. A plus point for those who are in the age range.
After I got home.... Alas, forgot to ask for free gift. The whole process was just too fast.

This post has been edited by tbheng: Jan 3 2015, 08:58 AM

Yeah I also want to know can we do it online?

If do it over the counter will have free gift?

Usually these promo has to be over the counter, I think I am right to say the only bank that offer FD promo rate over ebanking is MACH by Hong Leong.

Usually MBB FD Promos are over the counter. MBB eFD maybe like extra 0.1% sometimes.

And very seldom does MBB advertised their FD Promo at M2U because their Promo usually reach quota very fast and ends before the scheduled dateline.

So for all MBB fans, go check out the FD Promo at the bank or call the branch (and don't be surprised that many MBB staff are not aware of their own FD promos).

Bro, since last quarter, Alliance Bank also offering eFD Promo similar to over the counter.

You have an existing conventional or islamic SA account?

Besides tbheng post above, bbgoat in V7 also mentioned interest credited into non-Islamic SA.

If any bank offer 4.8%, for 12 months then MBSB will be offering 5.8% for 60 months

Wah, many regulars here going for AmBank 3 years promo.

To ALL:

We are now in a similar position to that in 2008/2009 where we had a slow-down.

In mid 2008, banks were still offering FD about 4% interest rate (like what we have now). USD/MYR went above 3.5 (same thing now) and petrol went below USD60/barrel in 2009 (like what is happening now).

But by mid 2009, interest rates went below 2%!!!!

Below is what was posted by our President/CEO of FDMCGC MilesAndMore:



You can check FD interest rates between 2008 and 2011 at Original FD Thread.

Of course the plus side of having a recession/slow down for people with cash in FD is - opportunity to accumulate twice as much Maybank Shares (from previous high) at RM4. The last time MBB dropped to below RM4 was in 1999 (recession) and 2009 (slowdown)! Note - 10 years cycle to make 100% from MBB shares.

And if MBB does drop to below RM4, I will uplift/withdraw all my FD (well maybe not all but a substantial sum) and lose the miserable 4% interest rate and hope to earn 100% in few years time, orl maybe lose all

This post has been edited by Gen-X: Jan 3 2015, 01:07 PM

gen-x wow, didn't realise conditions are same as 2008! few thoughts come to mind reading your post...

klse started decline in dec 2007 from 1440s all the way down to 860s before starting its rise in iirc jan 2009. I suspect the low fd rates probly motivated locals to buy into the market then? Of some significance, I think looking back, that was also when the US started its QE program. I think read somewhere they have officially ended QE and the Fed chairwoman talk about possibility of upping interest rates later this year? Salvador Dali on BFM radio show mentioned the real KLSE market ie ex-index stocks probly lost 50-60% already, index stocks GLC "cornered" ... will MBB ever go down?

But locally, petrol prices also go down upon free-floating, property market losing steam, looks like BNM got no motivation to raise interest rates

hahaha I so confused ... lock in 3 years or not? If lock in, and KLSE reveals opportunities, premature w/drawal & forego interest earned? If don't lock in, and KLSE languishes neither here nor there, & interest rates get slashed like in 2008/9?

helppp