This is Islamic FD.
I did it last week.
Each FD account requires min RM 5.00 to open one current account.
Now HSBC is giving one umbrella for opening each FD account.

Maximum of this FD is RM 30K, min is RM 5K.
But you can get your relatives to joint name with you to open more FD accounts.
For example:
(1) You place RM 30K under your single name - 1st account
(2) You place RM 30K under your wife single name - 2nd account
(3) You place RM 30K under you and joint name with your wife - 3rd account
Total RM 90K to enjoy 5% (Effective rate is about 4.8% after deducting/loosing 3 days interest)
And you will get 3 umbrellas.

2 negative things you need to know:
(1) Effective date of the FD will effective only after your check is cleared, so we will lose at least 2 or 3 days interest. But I brought cash so I could get my FD cert effective on the same day.

(2) We can only withdraw the next day of the FD maturity date, so we will lose one more day interest.

In overall, I think this is a good deal for 3 months FD.

just *tried* to do it this morning. fresh fund is a pain. wrote cheque but must wait till cheque cleared only then can create the fd. "fresh funds" is any fund transferred within the last 7 days. no umbrella offer though - will call and follow up with the bank officer tomorrow

this should be SCB, not uob! = https://www.sc.com/my/campaign/term-deposit-i/index.html

RM0.00 Visit any AmBank branches to enjoy 3.60%pa (2mths) and 4%pa (5mths)for min FD/TD of RM10K. Promo ends 31/3/15.

I am interested too especially on the daily interest caculation. I guess that applies only to UOB eAccount. But there is nothing mentioned on the detail on this eAccount. Anyone has place a FD on this ? I have received two gifts from Ringgitplus through Ocbc.

Dyson fan:

https://ringgitplus.com/en/fixed-deposit/UO...ed-Deposit.html

https://media.ringgitplus.com/creatives/4e2...80_campaign.pdf