Yes you need a HLB Savings account. Just go open a Basic Saving Account without Annual Fee (the one with limited ATM withdrawals).

Make sure to bring along RM20 as initial deposit.

No,

1) Login to Hong Leong Connect
2) Click Apply (top ribbon)
3) Select 'Create Account / New Placement' that is under Fixed Deposit
4) Select Fixed Deposit Promotion (Yes)
5) Select 'From Bank' and other details. Follow instructions.
Among the final steps will be logging in to your 'From Bank' online facilities to complete the FPX transaction.

This post has been edited by adbacc: Feb 2 2018, 06:57 PM

Hong Leong Bank currently set the limit at RM 2 Million but the limitations here comes from the FPX limits set by the other banks (where the funds come from). Different banks have different FPX limit, some being RM 30k. Do check with your originating bank for the limits.

TnC from HLB
7. The maximum deposit amount per transaction via FPX transfer is Ringgit Malaysia Thirty Thousand (RM30,000) or is subject to such prescribed maximum amount / limit of transfer in the Customer’s individual internet banking maintained with the relevant bank, whichever is lower

Just Google HLB CNY EFD. Min placement RM800

Did it from Public Bank, have TAC

The BSA with RM20 minimum is entitled to HL Connect and the eFD promos so far from my experience.

For reference, their site also says:
Easy Acccess
Nationwide branches, ATM, Phone Banking and Hong Leong Connect.
https://www.hlb.com.my/en/personal-banking/...gs-account.html

This post has been edited by adbacc: Feb 3 2018, 11:07 AM

You will have the option to select Auto Renewal option and where the interest be placed (CASA or add onto principal)
Auto renewal will auto renew at board rates.

If you were to make the placement on 10 February, mature 10 October, interest would be:
RM 10,000 * 0.0428 * 243/365 = RM 284.94

Since its monthly interest, this is the calculation:

RM 10,000 * 0.0335 * 28/365 = RM 25.6986
(There are 28 days from 8 Feb to 8 Mar)

Definitely not FD, Try savings account or something like Cash Management Fund from FSM.

CIMB eFD will auto-renew at board rates. I've only seen other banks like Maybank having the option of uplifting into SA upon maturity.

I've never seen the "uplift" or similar buttons in Affin online. I don't think you can manually uplift for Affin via Online Banking if it was initially placed as auto-renewal.

Advertising/Marketing.
4.7 catches the eye better than 3.5

Went to the site to check it out. Turns out very very slow and secure phrase + image are all wrong so I did not proceed with the login.

Also did they update their e-fd?

Most banks are 5k for 1 month tenure, 1k for 2 months or longer tenure.
I do remember PBB is 1k for any months.

Main difference:
efd = convenient
otc = usually higher rates due to promo

As for interest earned, you need to count the actual number of days.

As long as all the credit cards you are holding is only from 1 bank.
If your card1 (income proof) is different bank from card2 (fd pledge), then you have maxed out your limit of 2 card issuers.

I have past experience with efd for HLB and it was always instant or in a few hours due to FPX. Surprised to see the 2 days clause thing

Applicable for Priority Banking customers only?

Source: https://www.hlb.com.my/en/personal-banking/...s/deposits.html

Any chance Hong Leong will revise the rates of their promotions for 7.7 due to the increase in OPR? I feel like there isn't enough time to revise the rates/materials on their site.

Any idea what is the minimum amount for this promo?