tinkerbel tinkerbel ...

Had a quick glance at ambg.com.my .... nothing there
Sometimes i just can't believe those people u know. They have a webbie, but never update them.. Geez...

Don't need to go through lah,

The 33% one month FD, surely (99%) is 1:1 ratio of UT + FD condition. Want to bet?    , 1 cup of teh tarik? 

In Malaysia, most online service suck big time, people or lot of company don't pay serious attention on online stuff, most of emails won't get replied even you ask them in email form and seldom update on times, except a few.

How it works then cherroy? Let's say I dump in 50k, 25k will go to FD earning 3.8% and the remaining 25k will earn??? The 33% is on what figure? The combined return of the 50k? Projected figure? The figure looks too good even for UT 

For sure, it is UT + FD. You need to put 1: 1 ratio before it can give you that rate. Citi also has it, last time around.

Actually, if one calculated carefully, there is nothing to shout about as it is 33% pa for 1 month only and one off. 33% pa for 1 month translate into 2.75% only. On UT side, they are charging you 5% already. They still have 2.25% gain on their side.

For UT, one can get discount on commission normally if sum is relatively large (so far I encounter all major fund houses can give up to 2.xx% to 3% except PB and PM funds).

As it is possibe to reduce the commission charge from normally 5% to 2.xx% if one put relatively large sum in it. So this promotion is like, instead giving out discount on UT, they bundle it with FD, so no discount on commission on UT, but give you in the FD interest, which is good on their headlines advertising. In fact, it might be as same as getting discount on UT purchased.

I had posted once before, check it out. If you dump 50K, then 25K wil go to UT and other half 25K will go to 1 month FD of 33% pa that is not renewable, upon maturity of 1 month FD, the rate will back to normal rate, so you 'enjoy' 1 month only.

It is not as attractive as you think. See my below post.

Ahh ok..I get it now. How about the FD after the one month though? Can I just withdraw it?

Don't need to go through lah,

The 33% one month FD, surely (99%) is 1:1 ratio of UT + FD condition. Want to bet?    , 1 cup of teh tarik? 

In Malaysia, most online service suck big time, people or lot of company don't pay serious attention on online stuff, most of emails won't get replied even you ask them in email form and seldom update on times, except a few.

This is the reason why some impose a penalty if your account is close soon after you open it

@billytong,
iYah... and what kind of free gift is worth that kind of inconvenience?!

@wodenus,
I didn't know banks gave out gifts for FD deposits [oK.. I do know, but those are for rather big amounts; Citibank & GPS] - speaking of which, U know anyone who wants to buy a GPS?! *grins*

@wodenus,
I haven't decided if I should take the GPS.  Since the additional CitiGold account isn't under my name, I won't be able to qualify for the reward points instead *gulps*

Thought I should get the GPS and then sell it, even for RM300 also is $ mah

Guys..
How a bout UOB FD for foreign currency?
what u guys opinion?
minimum AUD 3000, NZD 3000 or GBP 1000
with rates up to 8.3%p.a
but it expose to currency risk
http://www1.uob.com.my/index.html