Managed to put more than 25 pcs in a day by M2U.

This post has been edited by thkhai: Feb 26 2017, 12:33 AM

Same here.

Wow...thKhai.. 25 x RM 30 k = 750 k.

No, just 25 x Rm10k = Rm250k.

which account type you choose? conventional FD or Islamic FD is better?

It is up to the depositor choice to put in a valid figure.The HL promo offer is minimum 10k up to maximum 30k per placement transaction. Like that, you can even place RM 18,888 as per fengshui b1Mbo style, but not 8k or 38k.

Earlier, I put RM 18,250 (RM36,500 / 2 with the idea to get RM 2 per interest bearing day - now adjusted to RM 4.10 / 2 = RM 2.05 per interest bearing day using the 36500 multiple trick for FD for easy interest calculation/checking.

In the case of 30k, some depositors may get an error/rejection message if they DID NOT ALREADY ADJUST their transfer limits to 30k or higher (if allowed) at the internet banking website or ATM of the bank where the money is paid from BEFORE BEGINNING the FPX transaction from Hong Leong Connect website. This happened to me, the first FPX try as my transfer limits are set to minimum default levels by the source bank.

Perhaps carentan problem is like one of the above situations.

Or from using some other banks (not Maybank M2U) which do not allow any number of FPX PAYMENTS per day and still stuck to the old maximum allowable transfer amount per day program.

The question of unexpected insufficient funds in source bank is less likely as there is no FPX fee charges. Hence no GST complications and calculations for this FPX payment (hope this is still valid).

In general, explanations are brief and made to look simple on purpose, and naturally cannot cover all the situations. Thus customers like carentan and me are likely to get into some problem. Sometimes, explanation is brief if it suits their interest HA HA. Sometimes, it is long but maybe go into an irrelevant example to fool the customer HEE HEE.

Hi guys for the additional 0.1% for HLB FD promo, does it apply to existing placements? Or do we have to withdraw and make new placement? When I checked, it is still 4.0 in my current placements.

Can make placement on 28 Feb? What's mean by FPX? If by FPX, it's meant by transfer fund by using Hong Leong Connect or manually transfer fund from other banks by using Instant Transfer?

It applied to all that have been placed under this promo.
The extra 0.1% will only given after the 8 months tenure finished.
The system will only show the 4.0%, as the 0.1% is extra interest given after the FD matured, and before 10 Nov.

FPX is a payment /transfer method that under MyClear (subsidiary of BNM).

IBF and IBFT are not applicable in this online placement.

When you are placing the online FD through FPX, the HL Connect will redirect to your source of bank webpage to log in to make the FPX transfer.

This post has been edited by cherroy: Feb 26 2017, 06:20 PM

I see. Thanks for your clarification. Therefore, the fund will automatically transfer from my other bank account to make the FD placement? Any charges for that?
Am I still eligible to make placement on 28 February?

follow hl bank instruction when placing the fd for fpx. 0 charges. yes, 28 feb still eligible.

tsssusan09,Feb 26 2017, 04:58 PM
I see. Thanks for your clarification.

Therefore, the fund will automatically transfer from my other bank account to make the FD placement?
NO - not that chenggai or simple yet. After Hong Leong Connect filling in is done, the program will send you to the source bank mentioned. You still have to go thru login and some steps at the source bank website to make the FPX payment. Before you even start at HongLeong Connect, you should make sure that the transfer limits and money at your source bank is adequate for what you wish to do - otherwise you will fail.

Any charges for that?
NO - not at HongLeong Connect and also not at source bank. All FREE (I hope - never tried all the banks)

Am I still eligible to make placement on 28 February?
YES - if fund size did not reach target size of RM 888,888,888.
NO - if fund size reach target size before you do it.
So MAYBE is the correct answer. You want to be lucky, you do earlier. If you do not make your own luck, you can take the risk and maybe fail later if there is a rush after this. Now only RM 572,879,168 at 5:48 PM Sunday 26 Feb 2017.

If you have never done this before or get into problems, refer to detailed steps mentioned in my previous post to
kytz on Feb 4, 2017 05:05 PM to troubleshoot where you erred, what you need to do and what to prepare and expect.

This post has been edited by Deal Hunter: Feb 26 2017, 06:35 PM

Deleted.

This post has been edited by sandkoh: Feb 26 2017, 06:52 PM

Just like any other FD promo. If meet the target fund size, then tutup wayang awal. The last day comes into effect only if no early closing.

sifu

checked t & c, only there state it.

This post has been edited by sandkoh: Feb 26 2017, 07:21 PM

Went to alliance on Friday, no more 4% for Senior.

Any where else with 4% beside uob?

Actually they already feng shui-ed for you:

RM30k x 4.10% x 8 months (243/365) = RM818.88

But maybe not that figure in the end since hibah paid by Nov and the interest credits monthly =D

RHB FD/CMD-i DP Campaign
12 months 4.00% p.a. for ordinary non-premier deposit minimum 50k
start 2 Feb 2017, end 30 April 2017
interest paid on maturity.

Dunno anything about 4% for Alliance and UOB. Maybe something expired?

Do I need to pay income tax for interest earn from Fixed deposit if amount more thank 100k in any Bank of finance company licensed under BAFIA?

With effect from 30 August 2008, interest income received by individuals resident in Malaysia from monies deposited in all approved institutions is fully tax-exempt.