Got a question here. Is BSN (Bank Simpanan Nasional) fixed deposit guaranteed by PIDM?

I went to their website and they didn't mention BSN.
http://www.pidm.gov.my/About-Deposit-Insur...ution-List.aspx

Thanks.

esaver is a savings account than fixed deposit right?

Will this eSaver apply to all standard chartered branches?

wonder the standard chartered saadiq can open this type of account?

Standard chartered offer 5% but with T&C. n the 5% bonus is based on the incremental amount only if not mistaken. n the min amount in the account is rm3K.
should calculate the total $$ u may get n the capital u have in order to enjoy the 5%.

every month u need to top up your account in order to enjoy the 5%. i'm not sure how they calculate the interest but according to info i know, the interest is calculated based on the average incremental amount.
5% special rates consists of bonus interest PLUS interest at the effective interest rate. So it is not giving out 5% flat to all customers.
Example: Bonus Interest earned for an account with Incremental average balance of RM200,000:
5% (Special interest) - 2% (Tier rate of e$aver) = 3% only. and it varies depend on customer’s balances and the tier rate.

the 5% is only for the 1st 3 months, after that back to normal check with one of the standard chartered branch ..

furthermore the conventional and saadiq almost similar though. Hmm...

Which bank can online make FD

ADB of >=rm3000 is used as the critiria for bonus entitlement. Is it used to calculate the interest?
Like for your case Int=deposit*5%*26/365 ?

How is the ADB used to calculate the interest, any idea?

Are u sure?

Lets say
1. open a/c on 1-OCT-11 and deposit cheque rm62000 which cleared on 5/10/11
ADB=62000*26/31=52000.

2. open a/c on 5-OCT-11 and transfer funds by RENTAS which will be credited into SCB a/c on same morning ADB=62000*26/26=62000.

Which means option 2 gives more interest?

Opps sorry..

FD with 3.6% pa for interest reinvest (not sure the correct term)

Today opened SCB e$aver account.
If you are totally new to SCB, you can deposit by chq and the interest calculation will start from the date of chq deposit.
If you are existing customer, then interest calculation will start from the date of chq clearance.

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

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.

if I wanna open this eSaver account but I do not have any existing account with SCB, how do I transfer my fund from MBB via GIRO?

I know but the thing is there is no account no. as I don't even have an account with SCB

Anyone can still access their Maybank eFixed Deposit account? The link is no longer there when I login to my Maybank2u account

Those of you who wants to open new savings account with SCB to enjoy 5% interest better do immediately as I was told SCB had reached the targeted deposit amount.