Err .. you cannot compare FD rate with car loan rate.. the effective interest rate for car loan is much higher than FD rate.

A 3% car loan rate is effectively 5.64% interest p.a. 

RHB giving out 4.45% p.a. is worth too...

still available?

is this 5% promo comes with investment requirement, i.e. FD-i type? Still available?

When I call up HSBC yesterday, the sales rep stated that in order to enjoy this 5% promo, you must have an HSBC advance account. HSBC account holder must have a minimum RM30k combination of deposits and investment. If you fail to fulfill this requirement, you will be charged a fee (not sure is it RM10) monthly. This 5% promo is for 3 months FD. I see it as minimum amount of RM30k FD to enjoy this interest rate.

For him, why would Mr. Lim put in @ 3.9% when he can get RM400k if he can place @ 4%. Is RM10,000 / 12 months = RM833 extra per month not worth it? Well, I can answer him on your behalf. It is because for Mr. Lim who has RM10 mil, RM833 p/m is not critical to his survival nor will it make him much richer.

Unfortunately, this is something that he will never comprehend. Because he isn't where Mr. Lim is yet.

It's the same why some won't understand why I would buy a car for cash instead of taking loan. They think the cash can be used to get >4% FD and pay off hire purchase interest at 2.x-3.x% and pocket the difference. They do not understand the feeling of being debt free from housing or car or any loan. It's like having wings every month without any commitments tying me down. The freedom and reduced stress for me is absolute, as you so put it. But all he would see is, the little gains he could get by trying to make the most of the money available.

Another factor is trust.
We tend to trust a bank more than another due to convenience, and service quality we experienced as well as how well it is being run.

Also, Mr Lim may not want to deposit in Bank A, even the bank gives him 4.5% if bank A had history run into losses during economy difficult time.

Rate alone is not absolute factor.
There are other consideration and individual preference as well.

Btw, 2.x% car loan, its EIR is more than 4%.
You never can win against Bank by loaning vs FD. 

what I meant was lack of info for the brand and size of the free luggage bag..

i thought 6 months Term Deposit-i 4.5% p.a. promo has expired on 29 Feb? Can't seem to find this on their website anymore?

When I call up HSBC yesterday, the sales rep stated that in order to enjoy this 5% promo, you must have an HSBC advance account. HSBC account holder must have a minimum RM30k combination of deposits and investment. If you fail to fulfill this requirement, you will be charged a fee (not sure is it RM10) monthly. This 5% promo is for 3 months FD. I see it as minimum amount of RM30k FD to enjoy this interest rate.

When I call up HSBC yesterday, the sales rep stated that in order to enjoy this 5% promo, you must have an HSBC advance account. HSBC account holder must have a minimum RM30k combination of deposits and investment. If you fail to fulfill this requirement, you will be charged a fee (not sure is it RM10) monthly. This 5% promo is for 3 months FD. I see it as minimum amount of RM30k FD to enjoy this interest rate.

minumum RM30K for fd only, but for the advance account need to keep funds too?

need at least 30k in the advance a/c, to enjoy 5% p.a. FD for 3 months only.

Thanks for the screenshot. Btw, isn't it better to put under maybank GIA-i for eFD seeing that they will give 4% instead of PB eFD which give only 3.45%?

Let me give you an answer (with the intention to solve your curiousity that will eventually kill you, if I did not intervene).

Why would some people rather earn less interest when you can earn higher elsewhere ?  The answer can be found in genxgenygenz postings.  To be precise, the words "chiak beh liao" would explain it all.

At 3.45% p.a., some people's FD would be earning more interest (in absolute terms) in a month than what you would earn in 1 year @ 4% .

For example, 

MR. LIM puts in a RM10million FD at 3.9% p.a.  He earns rm390k per annum, and the bank credits his SA rm32,500.00 every month.
MR. RANJIT SINGH put in a RM100k FD at 4.0% p.a.  He earns rm4k per annum, and the bank credits his SA with rm333.33 everymonth.

For MR. LIM, he may be in a situation of "chiak beh liao" whereas MR. RANJIT SINGH is merely surviving day to day.  Hence, psychologically, MR. RANJIT would be very sensitive to interest rate difference where as MR. LIM would not.  Hence, also why, MR. RANJIT SINGH cannot pathom why MR. LIM do not go for the highest interest rates.

The law of absolutes and reaching the level of "chiak beh liao".

if one got USD1M deosited into FD, he can be eligible for Private Banking, no need Fresh Fund also the bank will give promo rates, and therefore in the above case, Mr. Lim will perpetually get more from interest paid, haha. Actually if you are a Maybank Premier Wealth, your RM also can give you their Promo rates when renewing matured FD.

For him, why would Mr. Lim put in @ 3.9% when he can get RM400k if he can place @ 4%. Is RM10,000 / 12 months = RM833 extra per month not worth it? Well, I can answer him on your behalf. It is because for Mr. Lim who has RM10 mil, RM833 p/m is not critical to his survival nor will it make him much richer.

Unfortunately, this is something that he will never comprehend. Because he isn't where Mr. Lim is yet.

It's the same why some won't understand why I would buy a car for cash instead of taking loan. They think the cash can be used to get >4% FD and pay off hire purchase interest at 2.x-3.x% and pocket the difference. They do not understand the feeling of being debt free from housing or car or any loan. It's like having wings every month without any commitments tying me down. The freedom and reduced stress for me is absolute, as you so put it. But all he would see is, the little gains he could get by trying to make the most of the money available.

Guess I am in Mr Ranjit position. Btw, when I reach Mr lim position, I will still be Mr Ranjit. No point giving up free money.

Another factor is trust.
We tend to trust a bank more than another due to convenience, and service quality we experienced as well as how well it is being run.

Also, Mr Lim may not want to deposit in Bank A, even the bank gives him 4.5% if bank A had history run into losses during economy difficult time.

Rate alone is not absolute factor.
There are other consideration and individual preference as well.

Btw, 2.x% car loan, its EIR is more than 4%.
You never can win against Bank by loaning vs FD. 

still available?

Damn piss off with CIMB branch here. My dad went to uplift/renew a matured FD and was told that he can renew the FD at the same promo rate of 4.2%. When I checked at cimbclicks, it was actually renewed at base rate. This is a con job.

Did CIMB issued new FD cert/slip which showed 4.2% rate ? 

No, the staff told my dad no need. Once i hear this, I know kena con dy, i quickly check cimbclicks.