I think int on maturity

RinggitPlus: Best Fixed Deposit Accounts In Malaysia - July 2022

Use as reference. Always check/read the official T&Cs

just clicked HLB connect. 12 months 2.9% but 6 months 2.5%

6 months 2.6% is for first eFD

Anybody knows the current promo OTC FD rate for 1-mth and 6 mths at PBB ?

3 more OPR hikes forecasted in 2022 amidst Soaring Inflation

iFAST Research Team
01 Jul 2022

Why FSM MY think Bank Negara Malaysia (BNM) could hike Overnight Policy Rate (OPR) 3 more times in 2022
https://www.fsmone.com.my/funds/research/ar...ation?src=funds

This is good news if BNM decides to follow the projected lines to fight inflation.

Just read this yesterday.....

Malaysia's inflation rate among lowest in the world, says Annuar Musa
Thursday, 30 Jun 2022

The Communications and Multimedia Minister said while many advanced nations were facing double-digit inflation, Malaysia was able to keep its rate at 2.8% due to government intervention.

https://www.thestar.com.my/news/nation/2022...ays-annuar-musa

This post has been edited by MUM: Jul 2 2022, 01:14 AM

This article to prepare Malaysians for no rate hike this month I think. Govt position seems to be to resist as much as possible any unexpected rate hikes for fear of slowing down fragile economy

Just saw HL TIAi 12 mth 3.1%. Going to place some amount there. This one is good for smaller amount placement instead of 10k minimum for most FD promos.

any links?

Go to HL Connect to see the promo.

What is the minimum amount for TIA?

2k

Folks, how to change fd transfer limit to 100k max? Previously I could only place 30k max online fd
For hlb connect btw

Hong Leong TIA-i promo (islamic investment, no PIDM) at HLConnect.

3m 2.55%
6m 2.65%
12m 3.10%

minimum initial TIA-i at RM 500 (whatever that means).

Placement is not by FPX, but by debit on-line with HLConnect internet banking from existing SA balance.

Principal can be selected to be auto-creditted into the SA on maturity.

This post has been edited by oldkiasu: Jul 2 2022, 01:49 PM

Change the daily FPX limit at the bank the funds are transferred from. Some banks limit the transaction, HSBC for example allows FPX up to $200,000 per day but others limit to 30, 50k.

Checked their TNC
https://www.hlb.com.my/content/dam/hlisb/my...t-i-rib-pds.pdf

Minimum Investment Amount RM 500 (Ringgit Malaysia Five Hundred) for board rate.

For promotion rate
Minimum Investment Amount RM2,000 (Ringgit Malaysia Two Thousand)

This post has been edited by bcombat: Jul 3 2022, 12:32 AM

interesting comments in FB regarding HL TIA- Promotion