Maybank daily limit is depend what you set, I managed to FPX Rm40K last night to HLB 4.18% FD promotion.

I chose credit into account. On a separate note , the previous online fd promo had monthly credit of interest into savings however for the current promo, that option is not there.

Finally received 2 days of non working days interest from HL after 1 week. The branch claimed system issue. 

Anyway getting >RM100 free money. 

So, ask the banks if your FD matured over non working days like Sat/Sunday or public holidays. Provided u go to bank the next day after that.  Though not all banks will entertain that.

Really ! 

U have to ask them. Some forummer reported also that RHB and AmBank not giving the non working days interest. But I also got it from them.

U have to see if the amt is worth the effort. Though for me so far, just say it and they understood and will credit to my SA. They typically have to get approval from BM. Though PBB is best as the counter staff will pay u cash straight away. 

Islamic  is statement based which is very convenient compare to traditional which is certificate base. Missing certificate has to pay I think rm20.

how often maybank have promo? seems rare

Guys the mbb 2 months i-FD promo finish already? I called Maybank helpline she said no more offer on it?

Is this promo extended? Tried to place thru eFD website but there was a pop up saying that they reached their limit. Can we still place for this promo?

It is a step-up FD.
It seems the least cost is apply credit card (new to HL) or top up rm1000. Wonder any tie in period for the RM1000

Yes no other conditions like applying for CC, etc. for the 4.17% p.a. eFD for 7 months.

I previously had created an eFD account at HL Connect , so this was a breeze. Just create new eFDs under my existing FD account.

I guessed correctly that they needed new funds so I transferred funds from my last FD at HLBB out to my PBB account earlier and FPXed back the same amount this morning to create the eFD.

Didn't realise that over the counter (OTC) FD provided 4.30% p.a. but since mine was a small RM20+K emplacement, the 0.13% p.a. difference would not have been worth the time and effort spent to do an OTC FD emplacement.

Just did the HLB eFD @4.17%. Today last day. From tml rate is 4.0%.

For myself it depends solely on how it fits into overall budgeted cashflow plan for the future months.
Thus questions of tenor, effective rates, interest paid and when, redeem, convenience and costs are considered but secondary to overall plan.

Nowadays, the hassle of collecting monthly interest and redeeming FD is reduced with IBG internet banking.

I just have to note down when I am supposed to get/transfer the interests each month. As to confirming/monitoring what is received is as budgeted, if familiar with the particular bank's FD operations, it just simply follows the precalculated due monthly interests. If I am unfamiliar with the particular bank/FD product offered, I would try to reverse calculate to discover a method that resembles the actual interests I get.

For FD depositors who are not familiar or have difficulties, the easy way is to place FD in multiples of RM 3,650. For most promos this is RM 10,950 as the minimum is 10k.

Prefer Monthly so can make a new cert every month lol...

anybody putting some bullets into hlb's efd tomorrow?

If you have a confusing number of FD hens and little eggs of interest all over the place, you just have to tabulate them in a spreadsheet and have a column or two for accumulated interests and redeemed principals. This can help to see whether qualify for minimum requirements and how to adjust the future FD placements in the future.

Some months perhaps have extra earnings which can be added to the table to form a new FD.

The savings accounts used to hold the sweepings should be chosen and monitored as some banks lower their savings rate structures without us being aware. You may need more than one saving account if you wish to save time, interest money and costs if you need to IBG transfer bigger amounts. If wish to do a number of maximum FPX eFD placements at Hong Leong within the same day, there is no way except to use Maybank internet banking.

If you know how to use a spreadsheet to calculate interest due daily on the end of day balance, you can know in advance how much will be available at the rate supposed to be given by the bank, or even recalculate the actual rate at the end of the month. This is more useful in savings account that credits interests monthly. This helps in the  question of whether it is worthwhile holding or not for any particular offer.

You just need to have the tools to make it easier and straightforward to decide what to do.

yep, showing 4.07% after succssful FPX transfer. it was clearly showing 4.10% before transfer.



*called CS. he cant answer and noted the new 4.10% rate wasnt reflected in the system either. he asked me to wait till next Tuesday to see if the rate has been adjusted. i told him this is utterly ridiculous as the promo is until 7th, where left me 2-3 days to make further placements. i also told him this shouldnt be the case because this is eFD and everything is done online, yet the rate wasnt applied correctly to successful placement. he offered to monitor if the new rate is updated then will call me back. if it doesnt change, he will escalate to internal team, and would make the adjustment.*

im facing this issue also...CS told me the rate will be adjusted once the IT back to work...and CS will update once its done...mean while u guys still can place for the FD but need to call CS to make a report...LOL

super messy indeed. seems the promo rate must be manually updated (backend) by hlb gnomes so that it reflected correctly. what's most confusing is the placement setup page showing 4.10% rate clearly, hence the confidence to complete the FPX. *facepalm x9999999999999*
i guess the timing of this promo sux for september since it began on a long holiday period