Only for new HLIB customers.

I go to retemption today, bank mumualat can do bank draft to me, rm2.65 only

From their FAQ ...

7. What is the difference between the published rates and the effective rate of
4.65%?
TDT-i GO 7% is a step up campaign. Means, the rates will go up for every rollover
cycle. When you average out all the rates for every cycle, you will get the actual
rate of 4.65%.

8. What will happen upon expiry of 24 months?
Upon maturity (after the completion of the 7th rollover), the account will be
automatically renewed for 3 months tenure at the Bank’s prevailing board rates.

9. Do I need to maintain the rates manually?
No, the rates are fixed and auto populated in the system.

10. What will happen to the profit if the customer performs premature
withdrawal?
No profit will be given to the customer for withdrawal performed below 3 months
from the date of account opening. However, for premature withdrawal above 3
months, the customer shall entitle for 50% of the profit based on the number of
completed days of current rollover and using normal TDT-i board rate.
....



My interpretation is Bank Islam is a 3 month FD with 7 rollover to achieve the effective yield of 4.65%, provided the customer completed the 7th rollover (24months) AND Bank Islam did not revised these rates along the way.

The physical FD certificate that I received upon placement stated that it is a 3 month FD with rate of 3.80%. From the internet banking screen, it show that my placement will matured and renewed/rollover after 3 months.

Usually, FD that are matured/rollover should not be charged penalty. Penalty normally should apply for premature withdrawal in current tenure. The standard in Malaysia is FD less than 3 months will be forfeited all interest accrued, above 3 months you get half.

Currently in HLB 3 promos are there

1. Promotional Rate 4.10% P.A
2. Profit Rate 3.9% P.A Place Min Amount of RM10,000 for 3 months
3. The promotion requires you to put a minimum amount of RM30,000 in the investment account under ASNB Variable Priced Funds. Only when you invest, you can get a promotional profit rate of 8.8% p.a. on your FD-i placement. The tenure for the FD-i placement is specified to be 2 months. The minimum placement amount is RM500. A sales charge of 5% is applicable.

The above info got from this link https://www.bbazaar.my/fixed-deposit/hong-l...-promotion.html

Thanks for sharing. Uob tomorrow got special promo 4.38% for fresh fund at damansara uptown branch only. Normal promo now only 4.35%.

Do you know what's the minimum requirement?

This post has been edited by Quang1819: Jun 8 2018, 01:59 PM

need to clarify, is this FOR min 5k or min 10k?

Minimum 5k.

It is 5K

Where u got info on UOB [Normal Promo 4.35% ]

thanks, you guys are awesome!

Opt for 5 months (min 5k fulfilled) and got 4% (not 4.1%).

In CIMB this morning to terminate FD and renew to 12 mth 4.4% with monthly interest. Love CIMB's Unfixed FD where u can break off multiples of 1k of FD without affecting the remaining portion of the original FD. So no need to have too many certs.

Recently did break off one FD for their investment product, getting interest for both the breaked off qty and the remaining portion of the FD.

When I was in their FD room, another customer asked, the staff told him that FD rate is 12 mth 4.15%. Looks like CIMB has different tiers of FD depending on the customers whether normal, Preferred or special rate. 12 mth 4.15%, 4.25% etc. Also depends on conventional or Islamic FD. My 4.4% is Islamic FD.

This post has been edited by bbgoat: Jun 8 2018, 05:18 PM

CIMB 4.4% for Islamic FD available to all customer or only preferred customer? Promotion period up to when? Any minimum amount restriction? Thanks

my understanding as per highlighted as well. will double confirm with them later.

From what CIMB RM told me, it is selective customer. I have mentioned this in earlier posts. It is branch selective, so have to ask the branch concerned or RM if u are their Preferred customer. Other forummer has also mentioned this 4.4% in last 2 days.

That’s a lie. I don’t get it 😂

Sad. I believe they have more just those two tiers. Have little holdings with them and was going to bring in more funds but they insist for casa amount. Their rm seems to have changed too.

Uob is good- offers matching rate with amb.

Uob having special Saturday promo but placement will be done only Monday. So doesn’t really serve the purpose additional rates but for convenience.

U mean the CIMB RM is lying ?

I was saying 3 tiers, but who knows for sure. I was never asked about CASA in conjunction with FD placement in CIMB. Forget it as then the actual FD eff rate is lower.

UOB 4.35% still lower than 4.4% offered by CIMB or even AmBank.

but UOB has monthly interest... which i think the other 2 dont? (except senior citizen)

Uob sat special promo 4.38% plus monthly interest credit to e account plus 3.6% (min e account with 50k)

Saying CIMB better than UOB is my own opinion. As not all will get 12 mth 4.4% (note with monthly interest) from CIMB.

I am happy with getting 12 mth 4.4% with monthly interest from CIMB.

This post has been edited by bbgoat: Jun 9 2018, 09:21 AM