is the SCB eSaver promo still on until end October?

is the SCB eSaver promo still on until end October?

ronnie: I kind of missed the offer rates after 17 Oct, thanks for highlighting. As you can see from above, MNet has posted above my "hard work" where I have updated it.

But updated it further at my blog, it seems UOB also also offering 3.5% 3.6% and 3.8% for 6, 9 and 12 months with RM25K, fresh fund of course..

visited your blog, very useful and updated info. On credit card comparison table, it will be great if added in UOB one card.

Any link to UOB FD promotion? I visited UOB site but can't find any FD promotion.

Savers losing out as inflation bites
By Lee Wei Lian
October 13, 2011
KUALA LUMPUR, Oct 13 — Malaysian savers are seeing their nest eggs whittled away by a combination of high inflation and low deposit interest rates which is giving them a negative rate of return.

The Consumer Price Index (CPI) increase hit a two year high in June at 3.5 per cent before moderating to 3.3 per cent in August while bank savings deposit rates on the other hand have remained below one per cent.

Even long term deposit rates typically range between only 3.0- 3.5 per cent which puts it only roughly at par with the official inflation rate.

Many Malaysians however feel that the real rate of inflation is higher than what has been officially reported even as they have to struggle with the cost associated with property and commodity bubbles that have been fuelled by cheap liquidity globally over the past three years.

Bank interest rates are guided by Bank Negara’s Overnight Policy Rate (OPR) which was slashed from 3.5 per cent to 2 per cent following the 2008 financial crisis to help support domestic economic growth.

While the OPR has since moved back up to three per cent, Bank Negara has so far raised borrowing costs only once this year to three per cent as compared with three increases in 2010 due to concerns over the uncertain global economic environment.

Some analysts expect Bank Negara to maintain the OPR at three per cent or even reduce it slightly to help spur domestic economic growth to compensate for external weakness.

“We think Bank Negara will tolerate a brief period of small negative real interest rates to support domestic demand,” said CIMB research in a report last month.

UOB Promo Update #1 : from 1 Sept 2011 to 30 Nov 2011 -- Minimum 25K

(1) 3.5% for 6 months
(2) 3.3% for first 2 months, 3.6% for 3rd month (average is 3.4% per month)
(3) 3.6% for 9 months
UOB Promo Update #2 : from 7 Oct 2011 to 31 Oct 2011 -- Minimum 10K
3.8% for 12 months

Can't find the promotion in UOB website, where do you get the information?

UOB seldom advertise it. I hereby reconfirm that the 6 and 9 months need minimum RM25K and for the 12 months need minimum deposit of RM10K.