Well if interest goes down, that is bad choice as one only gets high interest for the first 3 months. After that one gets lower interest than lock in for 12-15 months.

I rather lock in at higher rates for longer time than at higher rates for shorter time

i am happy with the HSBC free coffee, i will keep the 30k there after 3 months. Who needs Starbucks when you have HSBC?

Will manually close down the accounts like what you advised after 3 months

Then turn to Affin Bank 15 months 4.33% FD

Just called BR branch to follow-up my lowered FD interest rate issue:

Me: Boleh saya cakap dengan xxx?
BR: xxx sekarang rehat..

Rehat...? BR provides recess for their employees..?

I did the same..

Affin Bank 15 months 4.33% FD - dont need to open any other savings account right?
going to move fd from hsbc with bad rates elsewhere

What happen after 3 months? If opr drops, the other fd bank promo will drop.

You need to open an Affin saving account to let the FD principal + FD interest to be
deposited to your saving account upon FD maturity.

It looks like opr will drop. Affin t&c said that their rates will drop according to opr

Where is the T&C stated this..?

See the last sentence

The last sentence is quite misleading...


I will go to Affin Bank to get confirm about it when I have time..

Good. Hope to hear from you. But based from forum members opinion, they said the promo rates is based on opr interest. So if opr decrease, promo rates will either remain the same or decrease.

I do not think so.

In version 8, a forum member mentioned that because this Promo duration is very long (valid until end of the year),
so this 4.33% will change based on OPR; but for those who already placed the FD, the original FD rate will not change
regardless of the OPR change. I more agree to what he said about this.

In fact, I already called 2 Affin branches about this issue, they all said that FD rate would not be changed
after we placed the FD.

Anyway, I will grab this flyer to ask Affin Bank face to face about this issue, then I will get back to you..

This post has been edited by BoomChaCha: Jun 9 2015, 04:16 PM

There is no such clause in the FD cert

That's what I meant.


That is just my opinion. I could be wrong

This post has been edited by Ramjade: Jun 9 2015, 04:28 PM

All of you have to honor the FD rate printed on the FD cert,
otherwise I will suspend your bank license..

Yes, this is what I mean, but I will go to double confirm with Affin..

provided the bank revise the rate. if they still honor existing promo rate regardless of OPR change, then no difference.

if bank suddenly itchy/kancheong due to OPR change, they could revise the promo rate overnight, hence the clause is to protect them, and as a little disclaimer for customers to be aware of (their intention to revise without prior notice).

Yes, 100% agree..

I also planning to do FD..currently how much HSBC FD rate ? The ocbc of offer 4.4%