You may work out this way:-

RM5000 x 2.5% divide 365 days x 30 or 31 days depending on the particular month



BTW, MBB & PBB have revised their FD rates today 13 July 2010 to 2.75% for 1 month

This post has been edited by nomen: Jul 13 2010, 07:07 PM

[quote=David83,Jul 22 2010, 06:00 PM]
Multi-Rate FD Campaign

Now you can enjoy multiple rates in a single FD tenure when you make a Fixed Deposit placement under Multi-Rate FD under Conventional scheme.

The Campaign is to reward our existing and new customers with higher interest rates in line with our 50th Anniversary celebrations.

Eligibility
Individuals/ Joint account depositors under Conventional Schemes.

Campaign Period
15 July 2010 until 14 August 2010

Minimum Placement
RM10, 000 for individual in a single certificate.

Rates Applicable
The special rates are as follows:

Tenures |Tiered |Promotional Rates
4 months |First 1 month |3.28% p.a.
Next 3 months |2.78% p.a.
6 months First 1 month |3.38% p.a.
Next 2 months |2.98% p.a.
Next 3 months |2.88% p.a.
* The rates are automatically given by system when meeting eligible criteria

Mode of Placement
Over the counter only.

Will someone please enlighten me about the above clause "Over the counter only"
Thank you in anticipation.

This post has been edited by nomen: Jul 24 2010, 03:39 PM

RE: Over the counter only.
______________________________________________________________

Many thanks to 'David83' and 'MilesAndMore' for explaining to me.

Much obliged to you both !!! Thanks again.

Re: 'FD Savings Plan'

Yes indeed, this is definitely a very serious issue for all of us here to have a clear picture of it.
Many thanks cherroy for the clarification. Ambiguities of such are potentially very dangerous.

Same for me too. Previously Public Bank used to send out FD renewal reminder every month, but lately
I only received one quarterly statement so far in replacement of the regular monthly renewal reminder.
I guess they have changed policy to save paperwork and postage, all the local banks here are real stingy
financial institutions.
I presume our statements will arrive anytime soon for this December month, if not give them a call
but I think there is nothing to worry about.
BTW, I do have FD with Maybank too, but it is never a practice for them to sent out reminder or statement.

There is an advertisement about the OCBC bank FD promotion in The Sun paper.
Go to this site: http://203.115.192.117/monday/mon_page5.html

It is 3.30% p.a. for 3-month and 3.60% p.a. for 9-month. Promotion runs for 5 days only, so hurry! :

This post has been edited by nomen: Mar 21 2011, 09:32 PM

Correct, the minimum placement is RM10,000.00. I went to the OCBC Damansara Utama Branch
yesterday and got it done pretty quick. I was told there were long queues in some other branches.

The PBB Step up FD Campaign runs from 1 June 2010 to 30 April 2011 and the minimum placement is RM10,000.

The RHB Step up FD pays higher, 3.2% for the first 3months but you need to open and deposit RM5,000 in a conventional savings or current account for the crediting of interest every 3-month cycle and the catch here is to allow RHB to hold your RM5,000 for a period of 90 days. The minimum placement however is RM50,000

The only catch is to allow RHB to hold the 5K for 90 days in a Conventional Savings or Current Account. It is a statement based FD whereby statement will be sent to you half yearly.
Opening (1st to 3rd month)
3.20%
1st Renewal (4th to 6th month)
3.30%
2nd Renewal (7th to 9th month)
3.50%
3rd Renewal (10th to 12th month)
3.80%
4th Renewal (13th to 15th month)
4.20%
The FD is automatically renewed every 3 months at the rates stipulated above for the same tenure.
Interest will be paid every 3 months and the customer must maintain either a RHB Conventional Savings or Current Account for interest crediting purpose.

Public Bank revised FD rates as at 10/05/11 3:15 PM:-

Tenure Rate (p.a.)
1 Month 3.00
2 Months 3.00
3 Months 3.00
4 Months 3.00
5 Months 3.00
6 Months 3.05
7 Months 3.05
8 Months 3.05
9 Months 3.05
10 Months 3.05
11 Months 3.05
12 Months 3.10
13 to 60 Months Negotiable

PB Golden 50 PLUS Fixed Deposit as at 10/05/11 3:15 PM

Tenure Rates (p.a.)
1 Month 3.10
2 Months 3.10
3 Months 3.10
4 Months 3.10
5 Months 3.10
6 Months 3.15
7 Months 3.15
8 Months 3.15
9 Months 3.15
10 Months 3.15
11 Months 3.15
12 Months 3.20
15 Months 3.20
18 Months 3.20
21 Months 3.20
24 Months 3.20
36 Months 3.20
48 Months 3.20
60 Months 3.20

Still no update from Maybank and others yet.

If you are above 50 years you will be entitiled to 3.10% p.a., below 50 years the rate is
3% p.a. for 1 month deposit.

Maybank is dragging its feet, I hope they will revise to the new rates soon. My FD renewal date was on May 5th so I definitely lose out this month as it was already renewed based on the old rate. Hope yours is not due for renewal yet.

Awesome! You are in the nick of time. I am not so lucky as you as my Maybank FD was due on May 5th, so shall I withdraw my FD and re-deposit tomorrow in order to get the new rate?

I put 1 month and the due date will now be June 05 (last week auto renewal by Maybank). My calculation the difference would be RM26 based on the new rate, so thats my loss.

Low risk profile kind of guy like me only put FD, or else I would have ventured in trust fund for higher returns.

Agree with the above.

BTW, OCBC Bank got FD Promotion effective 9 till 18 May 2011
3mth 3.45%
6mth 3.50%
12mth 3.65%

Its featured in today's The Sun Paper
http://203.115.192.117/wednesday/wed_page13.html

I could not find it in the OCBC site too, but only found the following external site for Mother's Day Promotion.
It is actually an extended promotion of "The OCBC Love Your Savings - Mother's Day Promotion as you notice
the offer period is only 1 week (From 9 May 2011 (Mon) - 18 May 2011 (Wed).
Refer to this external site: http://www.offerstation.com/offers-promoti...n--extended.htm
or The Sun Paper advertisement:
http://203.115.192.117/wednesday/wed_page13.html

<OCBC is offering these Special Promotion Fixed Deposit Rates:
3-month - 3.45% p.a.
6-month - 3.50% p.a.
12-month - 3.65% p.a.

The Fixed Deposit placement under the promotion is subject to a min amount of RM10,000.

Terms and conditions apply.
Visit any OCBC branches for more details.
Call 1 300 885 000 for enquiries.>

Very true, I for one would be scrambling to withdraw my FD. It is definitely meant for very long term
planning only.

MBSB is not a member institution of PIDM. Therefore, the deposits or fixed deposits in MBSB are not protected by PIDM.

Lets say if I am a new customer and I intend to open an e$aver account with an initial deposit of 50k but do not intend to top up my account, will I be eligible for the bonus payment rate of 5% p.a. for the 50k deposited from the account opening date till December 31.