Ya loh... 

Not to say that not scare at all, scare a bit lah..
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Please be aware that if FD deposit is less than RM 30K, a management fee
RM 10.00 will charge each month.

A minimum RM 5.00 is required to open an Advance current account, it is refundable
when you close the current account.

The FD can only be effective after your banker's check is cleared.
You can only withdraw this HSBC FD on the next working day of FD maturity day.
So, we will lose at least 3 days interest, unless if we bring cash then will only lose one day interest.

Maybe a free umbrella is still available, just ask for it..if umbrella is no more available, then ask for other gifts
that HSBC has..

You can use this method if you want to place more than RM 30K since the maximum limit is RM 30K per name.
Let's say if you want to place RM 90K:
(1) A for RM 30K for first RM 30K
(2) B for 30K for 2nd RM 30K
(3) A + B (Joint account) for third RM 30K
Total RM 90K + RM 5 x open 3 Advance current accounts = RM 90015.00

And you will get 2 free umbrella..

Happy if interest rate goes up !

Sad if currency goes D O W N esp to USD !! 

I am also planning to open this FD promo with HSBC. Thanks for the clear advice. However, I understand that some banks impose a penalty fee for closing account before a certain timeframe. The Advance current account does not have this penalty fee? I presume that we are not obliged to take their cheque book as well?

When Ringgit value depreciate.. then we just need to control spending wisely loh..
No more night club and no more foot massage loh...

Or just like what our Big Magician said, keep our monies in another country like Singapore.. 

If interest goes up, can play more CD ? 

But currency drop, making me 

Oh, Big Magician started to move eggs already ?   

but keep $$ in Singapore bank, the rate is kinda low..

unless u invest like Reits.. the divvy is TE unlike here have 10% tax 

Returns from sg reits is tax free?

Returns from sg reits is tax free?

ambank and RHb offering FD + trust upto 6 to 7 % return.

CIMB just text that FD + trust 3 months get 8%. any catch ?

ambank and RHb offering FD + trust upto 6 to 7 % return.

CIMB just text that FD + trust 3 months get 8%. any catch ?

but keep $$ in Singapore bank, the rate is kinda low..

unless u invest like Reits.. the divvy is TE unlike here have 10% tax 

I thought you already mentioned it in your post? The catch is the unit trust.

assuming unit trust under perform, will it drag the net FD to below 4% ?

assuming unit trust under perform, will it drag the net FD to below 4% ?

assuming unit trust under perform, will it drag the net FD to below 4% ?

You cannot lump the 2 together to calculate the "yield". They are diff vehicles with diff risks.