anyone have idea about HLB islamic 4.7%p.a for 15months?i saw the certificate,it write UP to 4.7%,what does it mean?

Most likely is step up FD which means most likely they give you 4.7% at the last month. Effective rates (the real rates that you are actually getting) will definitely be lesser than 4.7%. The 4.7% is unethical marketing on the bank's part by attempting to "trick" people into believing that the bank is giving 4.7% interest when in actual fact it's not. Search the brouchure for the words "effective rates". That's what you should look for when placing FD.

Still confused?  Head over to front page and look at PB FD XTRA Campaign brochure. The concept is the same.

anyone have idea about HLB islamic 4.7%p.a for 15months?i saw the certificate,it write UP to 4.7%,what does it mean?

actually i at oversea now...the FD was placed by my parents. The banker told them 1 yr is 4.2% and 15months is 4.7%,WTF he or she not mentioned it is  step-up FD..anyone know what is the effective rate for 15months promotion or not.....        

actually i at oversea now...the FD was placed by my parents. The banker told them 1 yr is 4.2% and 15months is 4.7%,WTF he or she not mentioned it is  step-up FD..anyone know what is the effective rate for 15months promotion or not.....        

In fact, Hong Leong Bank offer FD:-
a. 12 mths @ 4.20% or
b. 15 mths @ 4.26% (effective rate) which r as follows:-
i.1 to 9 mths @ 4.10%
ii.10 to 12 mths @ 4.30%
iii.13 to 15 mths @ 4.70%

this one was placed last month? starting nov already over.

Start fr 1/11 to 31/12/2015

Start fr 1/11 to 31/12/2015

i mean the below one, it was started in oct but heard they ended it in end oct.

i.1 to 9 mths @ 4.10%
ii.10 to 12 mths @ 4.30%
iii.13 to 15 mths @ 4.70%

Can't remember so many promotions n dates

You need to ask your parents to ask the bank about whether it is step-up FD or not. Best is if the bank can produce a brochure and we can help to clear your doubts if you can upload it.

But knowing HLB, they will never give 4.7% (HLB is a Chinaman bank where their FD rates are not competitive at all). The only bank giving 4.7% p.a. is MBSB bank for 5 years.

I been placement to public bank 4 month promotion last time.... I wonder can add money to current fixed deposit. ....I am newbie 😅😅😅

If u refer to new placement, yes

Not new placement....last time I place for the promotion fixed deposit......now I want to add in amount to this fixed deposit.....izzit can add in like this? ?

Not new placement....last time I place for the promotion fixed deposit......now I want to add in amount to this fixed deposit.....izzit can add in like this? ?

160 divided by 12 months