Last year RHB has 50% rebate on the ASNB Sales/service charge of 2.5% (normal 5%). I bought ASG funds based on that. This year in April RHB has FD/ASNB fund bundle. I top up some ASG fund.

This post has been edited by bbgoat: May 18 2015, 03:18 PM

In HL this morning. They have 6 mths 4% FD, ending by May. It is Islamic FD.
Then 3mth 3.8% and 3.85% for PB customer, min 10k. By end of June.

Paid RM0.68 cent for banker's cheque (HL PB customer, normal is RM5 +).

Moved to OCBC for 1 year 4.2% ++. Reason for ++ is the first 6 mth interest will add in to the principal for next 6 mth, so overall slightly more than 4.2%. Except they are using 180 days as basis for interest calculation. One forummer has reported on this earlier.

Leng Lui RM tried to sell me UT product, disappointed her today. Maybe will do it next time. Haha. Anyway eyetertainment today, but much shorter time. Haha.

This post has been edited by bbgoat: May 18 2015, 03:15 PM

she tried to sell you the BETA fund ?

anyway my structured investment with them was called back for the second time..get two month interest @ 8%p.a
will go in again this month

Yeah, did not realised that total is 360 days and not 365 days.

RM after every conversation will keyin in their customer database every tidbits of financial info that we may have divulge during our chat. That's how their will know to direct the topic that's is in our interest.

Did not take note of the name she mentioned. Only one structured product "Auto-Callable Equity Linked Structured Investment". Got the brochure from the leng lui. Is that the one ?

It is on Las Vegas Sands Corp stock for 1 year and is auto callable as the name above.

She mentioned high risk. So you got the 8% but called back TWICE ??

Yes, it is 180+180 days. Indicated on the FD slip, 4/4.4% also. If auto renew, it will go back to normal 365 days.

This post has been edited by bbgoat: May 18 2015, 04:53 PM

the "Auto-Callable Equity Linked Structured Investment" that i took was oil related to this -
http://www.bloomberg.com/quote/USO:US

ya the whole tenure is for 1year, with return of 8%p.a
the threshold is 75% - 100% of the entry price
if >100% then the investment is autocalled, you get back principal plus pro-rated interest

if <75% then you might not get back full principle, there is a formula to determine the cash you get back plus some underlying stock of this

oil price was really low these few months..so it easily break the 100% barrier and autocalled..but less risky also la..

Yes, looks like same structure except today it is a stock, Las Vegas Sands Corp stock price. Auto call back at 105% of initial price. Looks even more volatile than the Callable Klibor that I bought from CIMB. Previous one lasted 1 year plus then called back by CIMB. Current one >2 years, not yet call back. Getting I think 5.x% (need to check document) interest.

i was charged RM6.00 for bankers cheque by Hong Leong this morning.

Shifted my fd to Alliance bank. 4.2% and interested credited monthly to savings book.
To open savings book Min. hv to bank in RM250. But she said need RM30.00 mininum balance.
Took up onlinebanking too.. and the ATM CARD will cost RM8.00 per annum service charge.

No more free stuff from bank.

Oh yes.. got free stuff. FREE COFFEE.. had 2 cups as whole process took 1.5 hrs.

From 3pm to 4.30pm. In between, they will send someone to sell me the Savings plan.

Last time paid RM5+ for banker's cheque in HL. After becoming their PB, paid RM0.15. Then this year RM0.15+0.50 (cheque fee)+RM0.03 (GST)= RM 0.68. Anyway still acceptable fee.

Can any one tell me what is rate for Alliance bank FD ? If I keep 5 or 10k ?

Was at HL egate branch today. Should have opened up MACH account last time then today no need to rush to complete the banking.
6 months for 4%, withdrew from saving and top up, HL treated it as fresh fund. If I have time, I probably go to UOB instead of Ocbc.

iBG charges RM2, Rentas RM 5 plus GST, banker cheque is slightly more. I think it is RM5.30 +50 sen then add on 6% GST.

This post has been edited by gsc: May 18 2015, 10:06 PM

You should join HL PB then only pay RM0.68 for banker's cheque.

So HL 6 mth 4%. The HL branch gave you wrong info last week ? E-gate branch ?

You should have requested to open a Basic Savings Account. This way you do not have to pay any annual fee for the ATM card.

i searched their site, they have basic savings with annual charge...

Yes. 6 mths 4 %. Either she gave the wrong info or I heard wrongly. Anyway 6 months is good for me as I dont want to be tied down for too long.

i took the ATM card for the online banking.
I research further then. coz i going back end of this month to transfer another FD due with HLB to Alliance.

For "FD fans" (I presumed most active in this thread are ), structured investment on Klibor is the most suitable one.

Most Klibor structured investment work similar like that if Klibor doesn't go beyond the threshold of the structured investment, you get around 5% or more.
If beyond, 0%.

In this way, one is hedging against FD interest rate become lower as FD interest rate is coorelating to Klibor.

Klibor goes down, the structured investment give you 5% or more
Klibor goes up, structured investment get 0%, but your FD will enjoy higher interest rate.

So either way you gain something.

I opened acct in Alliance Bank 4 years ago and got a hybrid acct. It came with a platinum debit card with 1.5% cash back. Used it for online banking acct opening (set in ATM). No annual fee also. The 1.5% cash back is so good that I used it as my main card. If you join their PB, even 2% cash back, better still !

This post has been edited by bbgoat: May 19 2015, 10:36 AM

Please see my earlier reply on top.

Yes, some sort of hedging like options. Either way you are covered.

My lesson on CIMB is I took up the Klibor for 10 years ! Way too long. But was tempted by the CIMB branch manager that they always call back the Klibor before maturity. The previous one they called back after one year plus. Luckily 2 years + now, receiving 5.x% every 3 months.

This post has been edited by bbgoat: May 19 2015, 10:35 AM