i called the bank.. they told me only open on last Saturday, not every Saturday..

what is the promotion?

All banks' FDs can uplift or withdraw on the maturity dates, except holidays.

hey guys, regarding the SCB eSaver, do you know when the interests for Oct will be paid into the acct? after the 3 months promotion period or monthly basis? it sounds like compounded FD if it is paid monthly

I was in StanChart, Dataran Sunway yesterday and I overhead customer service telling customers
over the phone that they would be open this coming Saturday. Those of you who would like to go this
Saturday should call your nearest branch to confirm it.

Placement of e-FD at CIMB banks

CIMB E-Fixed deposit


13. Would I be able to withdraw/uplift my eFD on the maturity date?

No, you will not be able to. You may withdraw/uplift the eFD one day after the maturity date. However you can perform withdrawal/upliftment at your home branch on the maturity day.

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Added on October 6, 2011, 4:22 pmplease refer to post a few pages back. Maybank has 4 months and 6 months promotion FD. If not mistaken it's 3.3%.

This post has been edited by soul2soul: Oct 6 2011, 04:26 PM

i called the customer service not the bank ... looks like they giving wrong info??

cherroy mentioned months back that if a FD maturity date falls on a Public Holiday or non working day, the interest will be calculated until the next working day. Well, he is absolutely correct. HLB does that.

Had a Maybank FD due on last Saturday, when I withdrew it, the amount printed at the back of the receipt shows interest until Saturday only. So asked the MBB officer how come interest not calculated until next working day (since not my fault the bank is closed on Saturday) and he said that MBB only pays interest for the tenure stated. But when he gave me the deposit slip to my current account, the amount included interest up to Monday So, some banks' officer don't even knows what cherroy mentioned above.

To all who opened SCB Account recently to enjoy 5% interest, I asked my RM how much it will cost me if I close the account. She said that there will be a fee if I close the account within 3 months and told me just leave RM1 inside the account for more than 3 months and then no fees will be imposed

I usually withdraw my CIMB FD on the maturity date, interest rate pays on accurate amount.
But my CIMB FD statement is on a paper (deposit and withdraw via bank counter, a traditional type),

If you read the FAQ , it says for e-fixed deposit it can be withdrawn at the counter of the home branch at the maturity date.

But if we put in the online FD through CIMB clicks (e-deposit without paper or going to counter), we can only withdraw a day later.

FD placed through counter and online FD (e-FD) are treated differently by CIMB bank. Dunno why. I know it's not a problem with Maybank.

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Added on October 6, 2011, 4:38 pmActually , is there a difference if we put the FD at 10am in the morning and 8pm at night ? (through E banking)

Sometimes, I got less interest maybe counted as half day if deposit after 12pm? Got such thing?

This post has been edited by soul2soul: Oct 6 2011, 04:38 PM

Citibank auto uplift e-time deposit on maturity date and transfer the funds to savings account.

Ranging from RM4 ex-EON bank to RM9 OCBC, PBB. Sometimes the beneficiary bank also charge some fees for receiving funds via rentas.

Just opened supersalary account, is it same with e$aver account??
As the CS told 0.6%(SSalary) & 1.5%(e$aver) interest for monthly saving which is not include this 5% promotion within 3 month.

This post has been edited by solarwing: Oct 6 2011, 05:16 PM

Bro, can't help you as got no idea on eFD but if there was a time limit, it should be around 4pm (that's when most banks close for over the counter business ).

The 5% Bonus Interest will be paid monthly, to the account 3-5 working days after end of the month.

Open esaver a/c on 1/10/11 Saturday and deposit a cheque but in the online statement it is recorded as 3/10/11 transaction.
If what you say is true, just get a bank draft from other bank a/c @rm2 and deposit it in SCB anytime of the day. It is cheaper than the rm9 RENTAS fee which can only be done b4 noon(I actually wasted one day to do RENTAS the next morning).
The RENTAS way is better if SCB counted the interest from chq clearance.
Need to check with the manager this Sat. all these issues.Hopefully he knows better then his staffs. Different people gives diff info.

This post has been edited by MGM: Oct 6 2011, 06:44 PM

Thanks gsc.

FYI, here is what HLB consider as fresh funds.

New funds is defined as:

i) Cash, interbank GIRO, new funds received via telegraphic transfer from other banks, local
cheque or banker’s cheque issued by other banks less than 1 month ago.
ii) Redeemed equity unit trust funds and Hong Leong Invest Safe, and re‐deposited into FD

Not consider as new funds:
iii) Incremental monies which are newly deposited into Current/ Savings Account/i (“CASA”)
less than 1 month ago based on prior month’s month end CASA balance. For the avoidance of
doubt, funds transferred from an existing CASA/ FD accounts are not considered as new
funds.
iv) Maturing FDs are not considered as new funds.
v) Inter‐branch transfer within HLB, EON, Hong Leong Islamic Bank and EONCap Islamic Bank Berhad are not considered as new funds.

So, if got FD maturing, withdraw it as Cash and redeposit it back as new funds.

This post has been edited by Gen-X: Oct 7 2011, 09:28 AM

But you need to cash for 1-day before re-deposit as new funds.
Their system is able to detect debit/credit of same amount within the same day

ok thanks soul2soul.

Then add RM10 or RM100 cash , settle . According to definition CASH is new fund.