Nope

One thing good about a Mach account is you need need to fill up those pesky forms and certificates when you apply at their HL Mach branch. They will create an account online for you and do everything online. Most is they will photocopy your ic and take your biometrics.

Downside is you would have any FD slip with you when you place a deposit like you do with other conventional banking methods. Im sure older people like your parents will freak out when they dont get the Fixed Deposit certificates that comes with the FD placement. 

Those were days when banks offering 8% FD, while 7% FD would be frowned upon. I will say that 4.xx% is "healthy"

Convince them to go for something physical like me. "Transfer" out your FD.

Back to topic, SA, FD inactivity is 7 years. So before 7 years, make sure you withdraw/add some money/uplift your FD.

Who cares about inactivity? You just contact the bank they will restore your account. Now the 7 years one is more Complicated. You need to run here and there. Contacting the bank will not solve your problem.

The 12 mth 4.5% eff rate is NOT an FD. It is GIA-i acct. 

What is duration for short term lock in period?

Don't know. But Gen-x put for about 1 week.  Anyway, I just read it in the passing as it requires min rm50k. No rm50k, no talk. if the min amount is say ~rm2k, sure

If I have rm50k to throw around, I will definitely put it somewhere other than maybank q-cash.

*scoff* I have 1kk of chicken feet maturing Feb, what shall I do with them? 

how easy to maintain Mach Money box?

if inactive >6mths, any reactivation/penalty fee? i didnt see any reactivation fee in t&c though. i see there's a reactivation button (pre-active) in HL Connect.

for money box feature, which one do u choose? 15 free ibg (rebate) with minimum average monthly balance of RM1,000? or Sky High Savings?

Oh, oh, you did not pledge using the one Mach FD ?   

I once used CB FD to pledge for OD. Then I realized that I just got the board rate for years and lose out on the interest. Something like RMx00 per year. Also hardly using the OD. So cancelled the OD and moved the FD out to get the promo rates in other banks. 

Give that guy a break. Not everyone will know that. He already mentioned that it is a newbie question and this thread partly aims to educate too 

The amount of " " I received from you had really numbed me over the time

Thank you anyway for always educate me in a bold way (I'm hurt by it tho )

typical of youngsters nowadays. think they are so smart and have no respect for others. 

huh what did I do wrong ? Please don't fire me

Anyway guys, I'm still waiting for any 3 months tenure FD promo that has min 5% like HSBC did last year

Oh I see ... Nvm la he has his bragging rights mah since he's quite successful as a student.

Yeah I know that the interest rate only little , but even 0.01% makes at least a difference

Hey everyone, what percentage of your investments are you putting into FDs? What's the general rule? Thank you.

u made pipu laugh, pal! 

dun change topic, ok.

u use personal cheque, fd cert still issue out same day and dated same day (other than bank rakyat). no need to wait for cheque to clear, bro.

Is not changing topic. Is I really don't know. Cause people tell me cheques need few days to clear. But banker's cheque is instant. I thought banks treat personal cheque (like the type you write and sign/some print) different from banker's cheque? Personal cheque should be more stringent compare to banker's cheque. No?

My question on the scenario is still not answered. So I am right or wrong in the above scenario?

I have never received a cheque before nor have I wrote a cheque before.

And yygo Since you know so much, teach me la. I really don't know this cheque stuff or you just NATO?

Banker's cheque > FD > instant
Personal cheque (cheque from company) > FD > instant?

Is not exactly OT. Maybe I should make it clearer. Cause eg Mr A is boss of company and Mr B is the worker who receives rm10k salary in cheque from company and wish to put promo rates FD. Mr B brings cheque from company to bank and place FD. The question now is will the FD be done on the day itself (instant) or Mr B needs to wait a few days for cheque to clear?

Hope is clear now my question.

Actually I went thru uob website there is no fd 4.4% interest promo at all . Which source u guys get? I'm planning to visit the uob in pudu not sure are they still accepting?

Not true, personal cheques are accepted in UOB and effective the same day

Please dont answer people's question with hearsay. Not sure or personnally not experienced it yourself, try count 1 to 1000 and let other answer.