If you cannot placed, just go for OCBC.

I just called Hong Leong Bank customer contact center. Confirmed effective rate 4.5% pa 6 months.

Any HLB branch or the Mach branch?

Sorry for the late update.

I have met up with the SA from Hong Leong Assurance, they are pushing a 6 year savings plan called "Gain Wealth".
You choose an amount (10k or 20k or any amount you are comfortable with) and you have to deposit each year that amount for 6  years. Each deposit they will give an interest of 20%, let me illustrate:-

Let's take for example the deposit amount is 100k each year:-

Year.    Deposit amount.    Interest given
1.                100k.                          20k
2.                100k.                          20k
3.                100k.                          20k
4.                100k.                          20k
5.                100k.                          20k
6.                100k.                          20k

Total.            600k.                          60k

Only on the 7th year can you touch the deposit amount. The interest you can use after year 1 (I think so).anyway, if you decide not to take out the interest, the interest amount will earn 5.25% pa interest.

They tell me that the principal and interest given is guatanteed and if case of any unfortunate circumstances before the plan is finish, they will guarantee the whole 6 year principal amount to the nominated beneficiaries.

They also indicate that the interest amount will written black n white on the policy.

So...any comments or advise?

Wishing all those celebrating a very merry Christmas and a happy 2016 new year to all forumers!

Just placed this today. Okaylah. Lazy to go out.

Be sure to follow the link and do not click on other options while on clicks, if not you will not get the promotion rates.

I've done this before, just to test the system. Didn't even add/minus amount.
It works! 

You can always Park your money in Maybank q-cash first while waiting for promo

3.7x% the last time I read Gen-x's blog (almost a year ago). It could change now.

i just went to HLB for FD. less than 5 minutes all done. The manager approached me directly and i even received free gift and 1 big stacks of red packets.