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

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wu ming
post Dec 11 2015, 12:02 AM

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May I know, what is the cheapest way of transfering money to another different bank without having a savings account with them? Thanks.
wu ming
post Dec 11 2015, 12:18 AM

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QUOTE(Bonescythe @ Dec 11 2015, 12:06 AM)
Err.. u transfer to a bank where you got no saving acc ?? Then money goes where ? There must be an acc to house that money...
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I don't like to open many savings account because it is very hard to maintain it.

Usually when I place fd is purely a fd account therefore no savings account required.

I would just withdraw cash and place at branch.

But since money getting more and feeling not safe, I am looking for alternatives. How much do banks charge for cheques nowadays?
wu ming
post Dec 21 2015, 07:12 PM

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QUOTE(robinwongkm @ Dec 21 2015, 06:26 PM)
Just got to open my very first FD with HLB

How does the 4.5% p.a 6months works?
Eg: RM10000 deposit x 4.5% = RM450
      RM450/2 = RM225?
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Do you need to open a savings account for it? Thanks.
wu ming
post Dec 21 2015, 08:21 PM

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QUOTE(robinwongkm @ Dec 21 2015, 07:55 PM)
You need to open a savings account. My experience today, you only can open a HLB FD account at the nearest branch you're staying (address as per IC) or nearest to your office. If you opt to open outside the radius you need to proof that your relatives or friends are living there and provide them with the utility bill.
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Any HLB branch or the Mach branch?
wu ming
post Dec 28 2015, 10:04 PM

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QUOTE(Ramjade @ Dec 22 2015, 04:27 PM)
CIMB Clicks eFD 4.3% 12 months. Minimum RM10k
https://www.cimbclicks.com.my/eFD.html
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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.
wu ming
post Jan 11 2016, 07:47 PM

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QUOTE(mamamia @ Jan 11 2016, 05:45 PM)
OT: I successfully cancel my Hello Kitty HLB debit card today. Walk in to branch n tell the staff I want to cancel. They gave me the form to fill up n cancel straight away n they cut the card in front of me.
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Mach officer told me that we somehow need the HLB debit card in order to uplift the FD. Can anybody verify this?
wu ming
post Jan 16 2016, 02:28 PM

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QUOTE(screwedpeep @ Jan 16 2016, 01:44 PM)
mine is islamic.

it seems CIMB doesn't offer eFD-i products. that is the only reason why i open a BSA-i in the first place.  doh.gif
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Conventional account the money haram ma. Hahaha. laugh.gif
wu ming
post Jan 16 2016, 10:21 PM

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QUOTE(intrepidity85 @ Jan 16 2016, 10:00 PM)
same here.. everytime go bsn branch 2 counters open only.. wth
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There are reasons why they are also known as Bank Barisan Nasional. Sometimes the polis bantuan even help with the administrative duty. laugh.gif
wu ming
post Jan 24 2016, 07:33 PM

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QUOTE(rilakuma_lee @ Jan 24 2016, 08:25 AM)
hello, I need some professional advice from forumers here.

I wan to open a FD account with HLB under their promotion with 4.5% p.a., 6 months, but also considering Foreign current account in maybank which min deposit is USD 1k.

Was thinking since MYR is depreciating, perhaps foreign current account can help to keep the cash as long term.

what is the best to go to? I can only go for one ><

thank you very muchieee ~~
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Deposits must be in Ringgit denomination when you place a foreign deposit within banks in Malaysia.

Banks would then convert your Ringgit according to the exchange rate + their premium before placing the deposits in your preferred currency.

Their premiums are usually very high so you loose out instantaneously.
wu ming
post Jan 31 2016, 08:13 AM

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QUOTE(TSOM @ Jan 31 2016, 07:54 AM)
but to get HL Connect, do I need an ATM card?
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Yes, you need an ATM card for you to link and activate the HL Connect. The card will generate the TAC and send it to your phone number.

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