What banks do that?

Wah, that's good but 2 and 3 is on a Saturday and Sunday. Not am April Fool joke is it?

upon maturity, will the amount automatically be converted back to RM? Or can continuously auto renew in AUD?

yah I was mislead too by ascend's post #1465

Thanks for the info. I must go check out this CTB AUD thingy.

Anyway, you guys remember about RHB's step up interest rate where I posted a photo? Today the Manager of my RHB branch told me that I don't have to deposit for the entire 15 months whereas we can withdraw the FD on the 3 or 6 or 9 or 12 months and no penalty imposed and interest paid is ours.

Anyway, those who missed the OCBC offer last month, UOB is still offering 3.5% for 12 months.

thanks but I really don't understand this Foreign currency thingy, my RHB Premier Manager always tells me he can make me more than 100% but I still avoid "playing" it as don't understand.

More interested now on Citi 5.5% bonus.

aeiou228, I just reread the T&C on the 5.5% bonus and need your assistance/confirmation as follows:

1) Must deposit RM200,000 to be eligible to be CTB CitiGold. Say deposit FD Mid April FD normal rate.

2) Then on same day can deposit another up to additional RM200,000 FD at whatever duration and earn extra 5.5% on the new this said deposit for a month or for the entire duration of the FD?

3) The following day can deposit another RM200,000 to get the 5.5% bonus?

Thanks in advance.

This post has been edited by Gen-X: Apr 6 2011, 12:42 PM

thank you

+5.5% for 3 months, I really must go check it out.

As for item 4) I do get pretty good rates from RHB for my son's tuition fee where I buy drafts.l

That hlb previous offer actually not only for senior citizens but also anybody who got a child (Junior FD joint with child). Both credit interest monthly

then you are the best person to list out current offers by banks. Please lah post the latest FD offer for all banks as far as you know as of today.

Thanks for both tips above. Next time must select BM.

Anyway thanks to aeiou228, I just came back from CTB and here is what I found out:

1) Like aeiou228 mentioned, for new CitiGold account members - deposit RM200K into Savings Account and you'll get 0.35% (SA rate) + 5.5% = 5.85% for 3 months.

2) It will cost you RM10 to close the SA later if you withdraw every single sen from Citibank and go deposit elsewhere giving better rates.

3) My favorite subject - you will be issue a Citibank Platinum CC where annual fee and RM50 GST absord for 1st year.

4) Can enter any CitiGold office overseas - wonder if can drink coffee free

5) Only set back - + 5.5% offer applicable to maximum RM200,000 and a little bit hassle as need to close account when 3 months up and go searching for offers again.

6) Offer ends 25th April 2011.

This post has been edited by Gen-X: Apr 6 2011, 03:01 PM

1) Yah, Saving Account also got interest mah, and they did advertise +5.5%, that's why earlier I asked you if I get 5.5% plus FD rate which you clarified the 5.5% is for savings account. If BNM increase interest rate this coming 5th May, may even get higher than 5.85%.

3) If you need a card then yah. Free GST good what.

5) Offers usually for new funds only. Maybe by then HLB offering 5% again for 4 years

Talking about joke, HLB Priority Banking gave me birthday "gift" by offered me 0.5% extra but for 1 month FD maximum up to RM50,000. That's about RM20 extra in interest only. suisui99, go tell your boss, hahaha

well thanks you guys for trying to explain it, but I still blur, of the foreign thingy. Yah he told me several time 100%, I don't understand it but I guess it must be something to do with strike rate within a day or two and then annualized it. Anyway, I 'll just stick to conventional FD and earn less.

For HLB offer, you need to have priority banking with them and yes need to apply to be member. But like I said, the HLB offer is a joke, because you can just walk into any RHB and UOB branch and they can give you almost same or better rates for longer duration and not capped at RM50K.

Did your boss approach Alliance?


This post has been edited by Gen-X: Apr 7 2011, 08:01 AM

Someone want to open a new thread on this subject where people can ask and more detail explanation can be given.

if you want to put RM250K, do consider depositing RM200 into Citigold and get up to 5.85% for 3 months and the other RM50K you can go deposit with MBB . Read previous posts on CitiGold if you have not.

with extra RM1K, I can get more than free coffee elsewhere lah......... up to you imagination But mine a guy by the way.
Just open at UOB since Citi limited to RM200K, there they have counters like HLB for deposits/withdrawals, so got to make the coffee myself Getting another UOB credit card with the words Privilege Banking endorsed on it This card, you can go Orchard road UOB Privilege hall where they not only serve you coffee but many type of drinks plus pastries.

UOB 6 months 3.3% and one year 3.5%

This post has been edited by Gen-X: Apr 14 2011, 10:42 PM

well according to BNM 2.4%, it will be around this region (officially) until next general election if you ask me.
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2222

anyway next meeting 5th May 2011, I doubt they will increase OPR as being speculated instead increase SRR again
http://www.bnm.gov.my/index.php?ch=10

What ycs and cherroy mentioned are both correct. To clarify further:

Interest on the 5.5% will only be credited into the Savings account 3 to 4 weeks after the third month and thus, as ycs said, need to maintain account for 4 months i.e. close account after interest from the 5.5% is credited.

Actually, one don't even need to keep the money in the Savings account for entire 3 months. If you want, you can withdraw your money anytime and the 5.5% interest is based on the daily balance in the SA during that 3 months or when your CitiGold membership is withdrawn (according to the person that opened my SA it takes time for this to take effect).

Well, if Citi got no offer comes 18th July, I will withdrawing my money out and just leave nominal sum in the SA and once interest credited, I will close acct and that will cost me RM10. Anyway, I applied for the Citi Plat CC too since the RM50 GST will be absorbed

This post has been edited by Gen-X: Apr 16 2011, 04:50 PM

that is the general idea, but instead of months, use days i.e. (days in the 3 months tenure/365) x %

Call your UOB Branch tomorrow and you will know for sure.

and the lowest HLB?

huh? you posted highest UOB and now you say UOB lowest?