sifu is a rare breed that treat fd as investment.

kepong (near wai sek gai)

rawang

at rawang they even show me their internal doc with list of tenure & rate.

but they are very particular with "fresh fund", if you withdraw cash fron your ambank acc they cannot process the FD until the next day. at kepong they willing to let me utilize my fund in my saving for FD provided I top up at least 30%

But isn't the 5 years tenure a too long lock in period? But that is just me. I prefer one year fds so that we could weigh our options again and switch to other better deals (if there is any). But that is uo ti individual preferences.

To open an online fixed deposit account with Hong Leong bank (to get the promotional 4% FD rate), I must first create a savings account with HLB?

Yes, you need to go to the HLB branch you select as your home branch.

They have many products, so make sure the person attending to you understands that you want to open a personal (not joint) account that is able to do the FPX for the above promo and pay for your choice. For me a basic account without passbook was good enough.

For FPX thru internet banking, you also need an ATM card. Change the pin number and then get the internet connection done up including your working e-mail address and handphone number..
Please consult the staff if you use smartphone app as to what is needed to be done.

Besides this, you also need a bank account with a different bank with internet banking done up. This other bank holds the money as fresh fund to be paid to pay for the placement for the HL 4% promo. According to postings, only Maybank will allow you to place multiple eFD at HL (max each placement is 30k) thru FPX for more than 30k per day without being limited by the total interbank transfer limit set by the bank. So if you wish to place bigger amounts in many placements in one day (instead of different days), Maybank is the only way.

The FPX transaction for placing the FD promo is done from the HL website - you may be confused because they have at least 2 HL websites. You must have your handphone ready for requesting TACs for HLB and the bank holding your money. There used to be a rather short time limit to handle everything before time out, so make sure you have your logins, passwords, handphone, TACs, amount and how to answer all ready. After logging in and selecting the eFD and filling up, you get passed to the other bank for login - what happens after this - I don't know if the different banks are different. After the usual SMS notifications, an e-mail holding a printable receipt will be sent to you but this may take some time later after accepted for processing.

The eFD can be seen when you login to your HL account besides your recent transactions and available balance.

This post has been edited by Deal Hunter: Feb 4 2017, 05:36 PM

Thanks for the heads up

regarding withdrawing fd, can only do it at counter right? so weekend cant withdraw?
I did flexi fd at maybank so today actually already maturity date.
also will they give you cash or transfer to savings acc?
sry noob here

I just feel with the current situation of our economy , and with the dwindling fd rates , just to avoid hassle , it's wise to dump part of my money into a 5 yr FD .

You got yourself a good deal there.
By the way if you uplift your fd before the maturity date, what will be the penalty?

50% of the fd rate , prorated of course.

If FD matured today, can uplift it tmr?

of course

For Hong Leong you can withdraw the same day as maturity date.

RHB for premier customer 12 month 4.08% , min 50k

Anyone know latest uob fd rate? Thanks yo

i believe the standard / default practice is that we can take out the FD + accrued interest (if not already credited to savings monthly) on the maturity date stated on the cert.

Therefore it might be more helpful to highlight the exceptions. For example, I had a run-in with BSN recently but was resolved ie i got my money on the maturity date despite initial difficulty. You can read my experience on page 30

Need Fresh Fund? Didnt see on website, need to be nego?

now which bank offer best 1 month & 3 month rate?

you know the drill.

post #1 and #2

Hi, does anyone knows HSBC fd rates for >200k?