Havr anyone encounter problem placing new eFD for HLB?
When i select promo, the tenure doesnt show any option to me. I also not seeing the promo advertised on my main page

Nevermind found.

I tried again yesterday and managed to go to the placement page whereby there is option for conventional or islamic fd.

I think have to click from apply > placement

Banks also have greenlight from BNM to ease some regulatory compliance.
Dont think bigger banks are willing to pay more for deposits now since loan growth subdued. Maybe smaller banks since their deposits base are smaller and more volatile.

HLB 2.70% for 7 months. Over the counter

HLB 2.70% OTC is for 7 months not 3 months.

OPR cut 25bps

FD rates are definitely going up next year

1) OPR hikes
2) Banks gonna compete for deposits for regulatory compliance. This year banks are given greenlight no need to comply till Q3 next year

To add a note, since eFD doesnt have slip number, the banks are willing to accept so as long we have the eFD account number. But for OTC FD, this is really troublesome. Imagine I was trying to find FD certs from 5 years+ ago (mature and auto rollover)

Can consider eFD account .just open online

I just want to correct some views here.

First, depositors are customers to bank. Im not sure why u think otherwise. Moreover, banks need depositors to provide fund, to give out loans. Bank needs depositors as much as they need borrowers. Banks need to strike a balance. (I work in bank risk management)

Shareholders are the LAST in liquidation process.
Depositors are creditor of banks. They will be ranked before sub debt holders and shareholders and after fixed charge holders.

The bad experiences are likely because CS from call centre are not 100% knowledgeable on everything simply because theyre not on the ground (work at branch). There will be something they need to confirm with branch staff or seek clarification from higher top.

I do agree some CS seems clueless about ongoing promotion but it is understandable so as long they able to clarify and revert correctly in the end

This post has been edited by Kyan0411: Aug 1 2020, 10:28 PM

What are trying to bring out here? Deposits are liabilities? These are accounting concept everyone knows (and obviously I know, being in the technical banking line of business for years)

It still doesn't erase the fact that depositors are treated like customers.

P/s: gotta stop the off topics here.

This post has been edited by Kyan0411: Aug 3 2020, 07:42 AM

Currently ambank 9months @ 2.35% sound like the best deal after Bank Rakyat, right?

Given the outlook on OPR - potential 25bps cut on 10 Sep

3month affin / HLB at 2.40%
6 month rhb at 2.45% /affin at 2.48%

This post has been edited by Kyan0411: Aug 13 2020, 03:47 PM

Interest rate aside, more important is cashflows consideration.
Loan rates have always been > deposit rate, but people dont dump all savings to pay off loan earlier.

TIA can change rates ??
This is weird. Usually banks will commit to the indicative profit rates.

Do your own due diligence

I placed last week, it was fine

So inflexible.
At HLB, i can place both eFD and eFD-i with conventional savings account.

Rhb 12 mth 2.45% is still the highest