HLB placement date 7 Jan, maturity date 8 Jul

6/7 & 7/7 are Raya holidays. For me placed on 8/7, maturity 11th. Probably Pg Sat public holiday bring fwd to Fri, so changed to Monday 11th. You are not in Pg state ?

This post has been edited by bbgoat: Jan 10 2016, 11:31 AM

8th July (Friday) is supposedly not a holiday. However, in Penang, 7th July is state holiday for GeorgeTown World Heritage City Day. Since Hari Raya is only on 7th July, look like Penang bump one more day. This probably explained the FD are maturity on the next available business day which is Monday 11th.

Oh, I miss out on the GeorgeTown World Heritage City Day. Did not see it when I searched in the online calendar.

So HL is like some of the banks like UOB, CB, BR that moved the FD maturity day to working day. But the FD cert that I received still showed 8th. Saw that it was changed to 11th online the next day.

This post has been edited by bbgoat: Jan 10 2016, 12:48 PM

As per page 1, UOB promo until 15/1
Just spoke to CS n was informed their promo is until 31/1

You missed my earlier post on Friday ? I mentioned that UOB PB centre told me it is now until end of Jan.

thank you for all information.

UOB's 4.4%, can we place this fixed deposit online? as i know HL/MACH 6 mths 4.5%, and place this fixed deposit online.

no, over the counter only

Thank you for your quick answer.

To be honest, it would be like gambling and I think we shouldn't put our money where the stakes involved. Just put it into a bank with the highest FD and reap the interest. But thats just me.

Yes, I was there 2 days ago too. The promotional rate remains @ 4.3% p.a. but only extended to 31-Jan-2016.
However no freebies like OCBC :-(

Will be doing placement with PBB when FD fund at Maybank reach maturity coming Wednesday ;-)

May I know what do you mean by "Current OCBC offer is NG !". What is NG? No Good?
Thanks.

So the 4.5% p.a is on the 6-month tenure right? Seems like HLB has the best FD rate now.

Yup

Yup. Compared with HL 4.5%, UOB and RHB's 4.4%.

This post has been edited by bbgoat: Jan 10 2016, 08:06 PM

Shit banks all increase blr n FD ... Poor ppl Kena rob rich with FD richer

correct me since the calc differ due to probably some administration fees involved.

lets say I have a house loan setting at 4.3% based on current BLR (old loan) would it be feasible to take out the cash that I deposited to offset the interest and dumped it all to HLB as it's earning @ 4.5%?

thanks, im new to FD

a bit off topic, but i make this simpler to compare:

house loan @ 4.3% p.a. is over the total loan balance (fill in the blanks here, am sure about 5-6-digit amount, right?)

FD @ 4.5% p.a. (6 months only) is over a fixed amount (fill in the blanks here, how much you willing to put?)


u can guess interest gained from FD may not enough to offset house loan's interest. furthermore, HLB's FD rate is temporary promo rate. after 6 months tenure, u gonna hunt FD again, which maybe higher/lower rate.

this is just simple comparison. havent talked about flexi house loan or other investments. but generally, reducing house loan is still advantageous for long run.


read and search from Property Talk sub-forum here https://forum.lowyat.net/index.php?act=SF&s=&f=154

there are some discussions similar as yours.

er... don't the banks check? or they close one eye?