As at Tuesday 10 January 2017, there was a step promo for New Year at Maybank starting 5 January, ending 31 January 2017.
1-6m @ 3.5%, 7-10m @ 4%, 11-12m @ 5.5%. Effective rate 4% over 1 year. Minimum 10k per cert. RM 2.7 billion Islamic fund target.
Told Interest paid on maturity date - not monthly.

Please check with bank whether still on or target achieved. One of those short promos of less than 1 month which is quite a normal practice with Maybank which comes and goes without much notice for those who wish to monitor or new at checking FD rates. Good thing is that their front counter ticket staff are usually quite well infomed after practice of a number of such short promos.

Monthly interest creditted ONLY for depositors who know what they are doing. Otherwise NO.

Some people do not get it because they are not aware of it or how to get it. These people assume  it is automatic, but it is a mistake. You have to do and check to ensure something extra in the application form otherwise the normal default is to not give at all as for normal cases.

The normal way is to get the interest at the end on maturity.

For Bank Rakyat, need to place minimum 5k and 6 months at least to get monthly interest payment to your savings account. This is not automatic. You need to specify this and fill in the account number otherwise treated like normal FD and paid at the end.

In the case of joint FD, if the interest is put into a sole account of one of the joint FD holders, the other holders may need to sign some agreement to do so and a fee may be charged.

You also need to watch out and get it right for the eFD when filling in the application details. As I understand at present stage, there is no way to handle the electronic version of the above agreement.

If you do not update or check your account regularly, the old figures may disappear and lumped together after some time. This may confuse some depositors especially those who are not familiar with how to calculate the monthly interests of their FDs. Detailed statement can be subject to fees depending on bank practice.

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.

savings need RM20.
only for senior citizens. joint account counts.
yes, every first 7 days of the month. btw, this month they still got conventional FD. but you would need to OTC. 10mth 4.1%. if you got credit card or some other products with them, 4.2% (min 10k)

I think as long as is fresh fund, it should be fine.  I tried IBG/RENTAS to other banks, and they treat it as fresh fund and processed. Guess HLB is the same.

Maybank eFD Promo
3.90% - 7 months
3.80% - 5 months
Campaign period: 17 August 2023 - 13 September 2023 or until campaign limits for FPX placements have been reached

Drop again.