HSBC Amanah 5.00% p.a. 3-month Term Deposit-i (Fixed Deposit) branch opening promotion – actually you only get 4.54%-4.95% p.a. but still a top 3-month rate (ends 30th September 2012 / 31st October 2012
Drawback: You can only open this account at 5 branch locations (4 in Klang Valley, 1 in Johor); RM500 additional deposit into a low interest bearing current account

Interest Rate: 5.00% p.a
Minimum Deposit: RM5,000
Maximum Deposit: RM50,000 (RM100,000 if you open a HSBC Premier account)
Minimum Age Requirement: 18 yrs
Tenure: 3-months
TnC’s:
1. Fresh funds only (ie. not from existing HSBC Accounts
2. Promotion ends: 30th September 2012 for Maluri, City Centre and Kota Damansara branches, 31st October 2012 for Kulai and Cyberjaya branches

Calculated Interest:

If you had RM5,500: (RM5,000 in FD and RM500 in Current Account):

HSBC 5.00% p.a. 3-month FD Promotion	3-month Term Deposit-i	HSBC Amanah Advance-i	Total
Deposit Amount	RM5,000.00	RM500.00	RM5,500.00
Interest Rate (p.a)	5.00%	0.06%	4.54%
Interest Earned	RM61.36	RM0.07	RM61.44

If you had RM50,500: (RM50,000 in FD and RM500 in Current Account):

HSBC 5.00% p.a. 3-month FD Promotion	3-month Term Deposit-i	HSBC Amanah Advance-i	Total
Deposit Amount	RM50,000.00	RM500.00	RM50,500.00
Interest Rate (p.a)	5.00%	0.06%	4.95%
Interest Earned	RM613.61	RM0.07	RM613.69

Go to HSBC

HSBC are having an opening promotion for 5 of their new branches, where accountholders can earn market leading FD interest rates of 5.00% p.a. by applying for a HSBC Premier (need RM200,000 handy!) or a HSBC Amanah Advance account (normally need RM20,000 deposit into this current account or face a RM10 monthly charge, but this is waived for 12 month upon account opening at these new branches). We would say make use of the HSBC Amanah Advance Account-i monthly service waiver and open that account with RM500 (the interest rate here is a shameful 0.06% p.a. so put the minimum RM500), and put in whatever else you have (you need more than RM5,000 and can put in a maximum of RM50,000) into the 3-month Term Deposit-i at 5.00% p.a.

We’re guessing its part of the promotion, but we don’t like that you are limited to only these 5 branches, especially in the digital age of online applications! Still, if you can get yourself to those branches before the end of the promotion, why not?