Please I want to see your calculations. Cause you tell me 3% and Hong leong is one kiamsap bank (look at their FD promo, usually not competitive). So it is kind of hard for me to see that they are suddenly so generous with their savings account. I could learn a new thing.

What is the name of the saving account product u guys mention?

Hong Leong mach money jar. Base interest is 2%. They will reward you with extra money if you can reach your savings target

This post has been edited by Ramjade: Oct 27 2015, 07:21 PM

how it works? set any target and duration then get 3% if hitting the target?

Set any target and duration. Base interest is only 2%. That's why I want to see how it can get 3% Hong leong is not a generous bank. That's why it surprised me when bonescythe said they giving 3% interest for their SA.

This is only entitle for hong. Leong mach account not all hong leong bank account...


Beside that , pidm had upgraded to 500k is it?

I know. But if it is able to give 3%, I might consider it over Truesavers. Remember my goal is not to give banks free lunch.

Since when? Unless I am outdated, pidm protection is max rm250k/account. Why did you ask? I could be outdated.

This post has been edited by Ramjade: Oct 27 2015, 08:29 PM

Saw this from a TV advertisements

Well it doesn't concerned me. Don't even have RM250k to play with. But rest of the Unker here will be very happy.

RM500k refers to insurance

Ram gor... i say almost 3%.. i didnt mention 3% la.

Almost... 2.816 is also almost ma...

look, u put ambank savers 2.8%pa instead of dream jar, you gives free 0.016% to banks!
am I right Ramjade

This post has been edited by cklimm: Oct 27 2015, 10:10 PM

Not sure if there's exception to the TnC.
I only know that I've got the promo rate via the counter placement.

Hahaha...
Clap clap clap !!

Now cklimm is absolutely right

pidm website still saying 250k per acct.

Check with CIMB Bank today
They dun have such promo right now

My almost 3% is 2.9X+ % la. where x is >=5

Yes that's true. However you must notice that you need monthly commitment of certain amount. Second, they didn't specify how much is the bonus one will received. Up to the bank to give. Third, if one cannot fulfilled the monthly commitment how? Fourth if one does Not reach the target how? Will they penalize you by not giving you the bonus? Like that banyak susah lo. Fifth, if like that, I could go for ocbc smartsavers but didn't go for it. Interest banyak tinggi. Why? Because I need to withdraw the money out. If I withdraw, interest become 0.5%. Ini lagi teruk.

i didnt read the fine prints, but very certain all maybank promo are all bs, nothing is effective p.a. in their advertising.

250k/account or 250k/ bank? What if a person has 2 FD accounts of 250k placed at 2 different branch of the same bank, are both accounts protected?

Nope. Only max rm250k is protected. Unless the new rm500k one is implemented.

But you don't need to worry yourself. So many Unker here have deposit >RM250k, why are you scared.

This post has been edited by Ramjade: Oct 28 2015, 06:49 AM