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Stash account also dropped to 3.75%

Ya. That's not the Effective Interest Rate yet. The EIR is lower.

I don't know how it works but the most effective amount is slightly above RM 55k?

Correct me if I'm wrong ...

Stash is not enough liquidity as you cannot withdraw til ur balance lower then previous month
Else you only get base rate which is ridiculous low

It's called stash for a reason right?

Means, for example, if average balance for last month is $88,000 and this month is $87,000, you lose all the bonus and only get the Base Rate of 0.75%?

Based on the chart, the "best rate" is achieved between RM50,001 - RM100,000.

This post has been edited by vrek: May 11 2019, 05:35 PM

I presumed YES as it stated clearly that monthly average balance must be equal or more.

Seems like rhb havent cut their rate for bonus savers yet.. thinking want to move from m2u to rhb or mbsb (mbsb now have internet banking already?)

Logging to UOB PIB.
e-Account name changes to InvestPro.

as announced

vrek Have you open the Stash account?

I didn't see HSBC advance account get mentioned here. I think recently they are offering work@perks smth like that where if you deposit your salary into the HSBC advance account every month, you don't get charged for account fee and you get 3% interest on your average balance for the month, and also you get free atm withdrawals at any bank.

So even if your current salary is not deposited into this discount, just set a standing instruction to transfer say 2500 every month to this account to activate all these features.

Yes I did. The bank officer showed me the old rate and told me the Stash account effective rate is 3.5% while the Investpro is only 3.15%. I kept asking what does the asterisk mean? He said this is only for >RM100K. So I agreed. Came back then I found out the new rate is 3.25%. I asked the bank officer again about the bonus interest but he said just put in minimum enough.

So the moral of the story is: don't trust bank officer, they have their own KPI to fulfill. And always say I'll think about it and go home look at lowyat forum.

I could be wrong but i do not think that is how it works. HSBC explicitly says you must switch your salary crediting account to HSBC. And as these accounts come with account monthly maintenance fee, you need to show them your proof of salary slip so they can verify if you are eligible for the account monthly maintenance fee waiver under this Perks@Work program. I had asked HSBC if my mom is eligible for this if she switches her pension account to HSBC under Perks@Work but unfortunately this promotion is not open to pensioners.

Well, I did not own a HSBC account before I apply for this account, and certainly they did not ask me for my payslips or whatever. What they did was they asked how much is my salary, and they informally implied that above RM2000 is fine but if more the better. They confirmed to me that it can be transferred from anywhere as long as it is shown in the account that there is a sum of money (minimum 2k or more) coming in every month.

I did not go through their actual T&C on this but anyway I have asked my company to transfer my salary to this account, but the staff at hsbc did confirm that the source of fund can be from anywhere. Even if you transfer in 3k today and withdraw tomorrow also nevermind

I’m afraid you’ve been ill-advised on the eligibility of this programme. You need to earn a monthly gross income of RM3,000 for Advance by Perks@Work Flex while Basic Savings Account-I needs only RM1,000.

For more info, you can refer to THIS.


If the money came from your employer, then certainly you can withdraw it on the same day or the next day. However, if the money comes from someone else, or deposited over CDM. I can assure you that you do not want to withdraw it right away or the next day. This is because HSBC Safeguard will automatically flag your account with possible money laundering activities and you will receive a call from the HSBC for explanations. They reserve the final decision on whether or not they will continue to extend their service to you once investigation is done. It can be a lengthy ordeal. So don’t do that unless that’s your salary from your employer.

And it was extremely irresponsible for a HSBC staff to told you it was okay to do so. HSBC is the strictest in Malaysia when it comes to enforcing AMLA. I would have written a feedback to HSBC Complaint Unit to alert them for employing such irresponsible staff !

This post has been edited by MilesAndMore: May 15 2019, 02:27 AM

Thanks for attaching the T&C here. Yes you are right in the monthly gross income thing although they only do it through verbal questioning, they did not request for any documents from me.

Cannot answer for the second part as I have instructed my company to pay the salary to this account, but I guess what the staff implied is that you are free to move the money and you still get to enjoy the 3% interest, although it will be very wrong if someone's account get suspended because of this should what you mentioned is true.

I just asked RM from AllianceBank, their SavePlus Account still 3.5% for 100k and above.

Yes, UOB-E (now InvestPro) has dropped to 3.15%

The Rhb bonus saver how u guys view the interest counter. Is it via online or through the statement? If I want to step up the interest easily can i put in RM500 every 1st of month then dun withdraw right for 12 months right.