Nope. My is normal Conventional FD.

Call up to find out already. The CS say, if opt for 'Credit to Principal' then won't get the monthly interest, only those who select 'Credit into account' will get interest monthly.

So is this statement apply to you correctly?

Affin FD Promo Flyer



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The HL FD is "Interest credit to account". Except my Islamic FD is "credit to principal".

The Eligible Customers are required to nominate a CASA / CASA-i Account maintained with HLB / HLISB under
the individual name of the Eligible Customers (“Nominated CASA / CASA-i”) for the purpose of crediting the
interest/profit earned under this Promotion. The interest/profit earned will be credited into the Eligible Customers’
Nominated CASA / CASA-i on monthly basis

I thought it should apply automatically to all hlb e-fd as I did mine by choosing the option credit to savings for conventional. I din try any islamic though

I logged in to HL Connect. The interest crediting option is important. If we chose the wrong option, we will not receive the monthly interest. 2 options, one is credit to account and add to principal.

For my Islamic FD, apparently during the rush (as placing multiple thru' MBB FPX), I chose the credit to principal. Thus did not receive the monthly interest.

very confusing and might have hidden clause to knock you off later, any taker share review?

Hmm the highest rate for far

Nice but the terms are confusing....

Which part is confusing
Perhaps, I can enlighten

I think "Interest Add On to Principal" means getting interest upon maturity only.

basically have to put 2 FDs of the same amount simultaneously.

the first FD - 2/4/6 months at lower rate
the second FD - 15 months at 4.28%

Chances of the rates being revised due to OPR changes?
Cant decide whether to put in RHB 6 months 4.1% or the affin promo.

Yup. We have to choose the options carefully during eFD placement. My mistake as placing multiple FPX thru' MBB, so careless in choosing the option.

Nope
Once the rate is lock-in, it will stay until expiry

Can explain how the interests and placement?

U need to place RM10k each for 2 mths n 15 mths (assume option 1) which will run concurrently
Upon maturity of 2 mths, u have the option to continue or withdraw
The same applies for 15 mths

Went to RHB seremban just now and enquired about the 4% 6 months promo and was told not available. Staff manning the counter showed me a board with thenso called latest rate which of course was board rate. Told him I wanted promo rate and he asked where I heard it from instead. Insisted that board rate is the latest. I walked out immediately, ur loss RHB. Gonna go with the 15+6 affin promo.

If u choose add to principal,after 1 month u get nothing except u choose add into account so that u can every month get interest


he was choose for add on to pricipal so he wont get interest monthly

This post has been edited by shuangping: Dec 9 2016, 02:31 PM

Wow, that's very good point that I never think of.

Next time will know what to do.
In my mind was, the Interest add in principal can generate more interest, I know is upon maturity.
But I do not know there is a different on 'Credit into account' where can get the Interest on monthly basis. I thought will be the same during maturity, just the different of the Interest will bank into Saving account, instead of add on principal.

Anyway, lesson learned!

I think the monthly interest portion was not clear to the depositor during placement. Or maybe we missed out in the T n C. Some of my relative also thinking it is interest pay out on maturity, same as me.

If it is interest pay out on maturity then which option we choose will not have any effect at the moment.