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 Fixed Deposit Rates In Malaysia V. No.11, Strictly for FD Discussion Only

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gsc
post Dec 23 2015, 01:09 AM

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QUOTE(matow @ Dec 22 2015, 04:26 PM)
I just received a call from Hong Leong Bank sales person. She claims to be offering a new type of Savings Account whereby they can guarantee interest rates of 7 to 8% per annum but with some terms and conditions applied. She requested for a meeting with me tomorrow for a presentation at my office.  I also clearly asked her if this was investment link type of savings but she said no, this is pure savings (almost like FD type) and no risk. I'm intrigued and said that I'll meet her and listen without obligation.
Anyone else got such telephone call from Hong Leong Bank?
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Think is insurance cum saving plan....7 to 8 % per annum is not on the principal amount but the sum insured...Am bank has something similar
kit2
post Dec 23 2015, 06:33 AM

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QUOTE(cklimm @ Dec 22 2015, 10:39 PM)
An update about Mach FD,

I went Mach MV, informed that only counter placement is available for 4.5%pa, handed the cheque, printed my thumb, and, told that the cheque need to be processed before the FD takes effect.

Login to HL konek, no sight of the new FD yet.

Guys, better of stick with normal branches, at least you can have the cert immediately
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cheque takes time to clear. didn't you consider doing IBFT?
perhaps the amount exceeded daily transfer limit?

cert is better? cannot manage worr..have to go back to the same branch and risk losing interests if you are not free on the maturity date.

This post has been edited by kit2: Dec 23 2015, 06:40 AM
kit2
post Dec 23 2015, 06:39 AM

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QUOTE(Bonescythe @ Dec 23 2015, 12:23 AM)
Thanks for ur experience. Looks like this so call eFD not "e" at all.. haha..
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this was not E because he didn't use E to bring funds in, but used paper (cheque)! smile.gif
cklimm
post Dec 23 2015, 07:50 AM

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Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC

This post has been edited by cklimm: Dec 23 2015, 09:30 AM


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cklimm
post Dec 23 2015, 07:51 AM

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QUOTE(kit2 @ Dec 23 2015, 06:33 AM)
cheque takes time to clear. didn't you consider doing IBFT?
perhaps the amount exceeded daily transfer limit?

cert is better? cannot manage worr..have to go back to the same branch and risk losing interests if you are not free on the maturity date.
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As previous post, HLB is having trouble in tracing fresh funds, some piece of paper can solve the hassles
kit2
post Dec 23 2015, 08:17 AM

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QUOTE(cklimm @ Dec 23 2015, 07:50 AM)
Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC
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good for you. they counted yesterday as start date. you shouldn't lose any interest. but if deduction date is also yesterday on hsbc end, then no extra interest for you.

QUOTE(cklimm @ Dec 23 2015, 07:51 AM)
As previous post, HLB is having trouble in tracing fresh funds, some piece of paper can solve the hassles
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obviously, you didn't read previous post properly. step into the bank, ask the staff if you can transfer funds into savings and then place FD from savings and get promo rates. usually they will say yes. then trigger IBFT from your smartphone. after a few seconds, funds should be in, then tell them to kickstart the FD placement process.

isn't this E-asy?

This post has been edited by kit2: Dec 23 2015, 08:26 AM
wil-i-am
post Dec 23 2015, 08:41 AM

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QUOTE(cklimm @ Dec 23 2015, 07:50 AM)
Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC
*
Just noted u have existing RM1 mil with them notworthy.gif
sandkoh
post Dec 23 2015, 08:47 AM

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QUOTE(Ramjade @ Dec 22 2015, 07:31 PM)
If you have too much money then ok. If RM250k lock up just for priority status, not worth it when that RM250k (I am using RM250k because most banks need about RM250k) can be earning 10%+ in other investment. But each person is entitle to their own opinions.
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hnws, tun, can earn 10%, u think easy? can lose 20%or more also? if easy, none of us here talking fd wor! brows.gif tongue.gif

QUOTE(cklimm @ Dec 23 2015, 07:50 AM)
Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC
*
ultra hnwi spotted. mr lim, single cert of rm1 mil! drool.gif drool.gif notworthy.gif notworthy.gif
harmonics3
post Dec 23 2015, 08:51 AM

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QUOTE(wil-i-am @ Dec 23 2015, 08:41 AM)
Just noted u have existing RM1 mil with them  notworthy.gif
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ya.. with that kind of amount should be able to negotiate much better rates.
anyway, tried opening the MACH FD at queensbay yesterday but was required to open another MACH FD account and issued cheque for the promotion. Not allowed to split the placement so all 1 FD for 1 personal cheque. Took more than an hour as the staffs seem quite new and not familiar with the systems vmad.gif what a joke!!
cybpsych
post Dec 23 2015, 08:59 AM

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Hong Leong Term Deposit-i 3-month @ 4.20% p.a. [ HLISB | T&Cs ]
14 Dec 2015 - 31 Jan 2016

user posted image
bbgoat
post Dec 23 2015, 09:02 AM

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Was in cinema enjoying free movie for Star Wars courtesy of CB. You guys have been having so many posts already ! thumbup.gif

QUOTE(cklimm @ Dec 23 2015, 07:50 AM)
Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC
*
Wow, one cert of 1 Million ! notworthy.gif Really so called Ultra HNWI ! notworthy.gif

In May, OCBC has promo 12 mth 4.2%. Compared with the Mach placement, for 12 mth, the difference is 2k for the interest !

Also with 1 mil, could nego for better rate with the banks. biggrin.gif

This post has been edited by bbgoat: Dec 23 2015, 09:04 AM
culain99
post Dec 23 2015, 09:09 AM

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QUOTE(cklimm @ Dec 23 2015, 07:50 AM)
Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC
*
single cert - rm1 mil

wow

sandkoh
post Dec 23 2015, 09:14 AM

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QUOTE(wil-i-am @ Dec 23 2015, 08:41 AM)
Just noted u have existing RM1 mil with them  notworthy.gif
*
QUOTE(harmonics3 @ Dec 23 2015, 08:51 AM)
ya.. with that kind of amount should be able to negotiate much better rates.
anyway, tried opening the MACH FD at queensbay yesterday but was required to open another MACH FD account and issued cheque for the promotion.  Not allowed to split the placement so all 1 FD for 1 personal cheque.  Took more than an hour as the staffs seem quite new and not familiar with the systems vmad.gif  what a joke!!
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QUOTE(culain99 @ Dec 23 2015, 09:09 AM)
single cert - rm1 mil

wow
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u guys kacao him. he removed the image/attachment. but some pipu downloaded the image!!

multi millionaire mr lim! notworthy.gif notworthy.gif
kit2
post Dec 23 2015, 09:33 AM

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QUOTE(cybpsych @ Dec 23 2015, 08:59 AM)
Hong Leong Term Deposit-i 3-month @ 4.20% p.a. [ HLISB | T&Cs ]
14 Dec 2015 - 31 Jan 2016

user posted image
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not bad, but too short. and don't want to go back to branch on maturity.

This post has been edited by kit2: Dec 23 2015, 09:33 AM
wil-i-am
post Dec 23 2015, 10:00 AM

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QUOTE(sandkoh @ Dec 23 2015, 09:14 AM)
u guys kacao him. he removed the image/attachment. but some pipu downloaded the image!!

multi millionaire mr lim!  notworthy.gif  notworthy.gif
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Now u c n Now u dun tongue.gif
Bonescythe
post Dec 23 2015, 10:01 AM

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QUOTE(cklimm @ Dec 23 2015, 07:50 AM)
Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC
*
Can go for private banking already
Human Nature
post Dec 23 2015, 10:15 AM

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Follow up on the overcharging of the BC fee by UOB branch here. I sent an official complaint and the branch will be refunding the extra charged amount for the past years to me. Just nice as I will be heading there for one FD upliftment later.
bbgoat
post Dec 23 2015, 10:46 AM

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QUOTE(Human Nature @ Dec 23 2015, 10:15 AM)
Follow up on the overcharging of the BC fee by UOB branch here. I sent an official complaint and the branch will be refunding the extra charged amount for the past years to me. Just nice as I will be heading there for one FD upliftment later.
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So what Penang side is charging is the correct amt all along. It was 15 cent before and recently RM0.68. biggrin.gif

gen-x, will you be asking for the refund ? tongue.gif
MAC-tronome
post Dec 23 2015, 10:56 AM

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anyone know where i can find bankers cheque charges for various banks?
lookie
post Dec 23 2015, 11:26 AM

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I placed fd with ocbc yesterday by cheque. So it show on the cert effective date 22/12/15.

But my home bank still wasn't debited when I check the balance this morning. Let's say it takes 2 days to clear the check, does this mean that while my fd interest is ongoing, I still earn 2 days interest from my home bank account until the cheque is cleared?? Just curious how these things work.

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