Oooh so it's a savings plan not savings account
Thanks for heads up

Better lock-in mid term FD now

Didn't ask much , sorry for this. For this promotion we have to lock 10k in saving for 3 month also ?

Is the hlb e-fd 3.95% 12 month ,good and trustable ? Did anyone just placed it ?

This product is similar like HLA previous savings plan named as Cash Builder, Income Builder, Income Provider. It is long term savings plan from 5 to 10 years.

i did, but i went over the counter and do it as i dont have any saving account under hlb...give it a try and see, the rate is not bad considering other fd rate is at lowest side

There's nothing not to trust. Just read through t&c on how to get the promo rate. Need to use fpx to transfer.

sound like complicated.

average rate seems to be only 2.59% at 3rd month of placement.

PIDM just give us mental comfort
Ignore the noise when make decision
Btw, their 12 mths FD is not attractive presently

Even with pidm, it actually won't "cover" because the fund they have is really insufficient to cover all banks account...

Ya, I have ignored on PIDM. Except trying not to put too much eggs in one basket.

Yes, do spread the risk by spreading in few accounts & placements..
If possible, in multi type asset class too

This post has been edited by nexona88: Aug 27 2016, 10:59 AM

Ya, in multiple asset class and among them breakdown again by risk/return.

Sometimes too much diversification is bad

Hard to say. Depends on individual and the conditions. But definitely not all eggs in one basket.

yeah, it's depends on individuals preferences & risk appetite

This should be the good rate as of now.....

Saw this when in HL bank, 5-8% only for 3 months ...later it will be resumed back to the normal FD rate, beside this understand that you need to participate in their so called "Saving Plan"...... i asked the staff that i already got a saving account, do i need to open another one? he replied that yes, this is different thing...
so i guess by calculating the effective interest rate, i doubt it will be better than 3.95% conventional FD....

Seems, now banks require more liquidity ..... am i right.... question anyone think the SRR will be reduced this year? ..... my guest is likely ....

so what is your portfolio like? may i know.... how many % in equity, FD, property, PNB funds....

Try bangkok bank 4.1% pa