@Jean72,
Are U familiar at all with this 'Dual-Currency Deposit' banks seem to be offering? Am wondering how that works and should learn up about that; but forex is not something i'm too familiar with and it's quite volatile. I do foresee RMB to increase though *grins*

Anyhow, back to TS's topic. Banks have different promotions on FD every month or every 2 months so it's best to just check with the banks personally. Also, depending on the total amount, U might be able to negotiate with the bank for a little more interest.

@jeff_ckf,
AmBank Senior Saver Plan? Er.. I assume one would need to be >55 to qualify?

@kevyeoh,
UOB's current promotion gives up to 3.85% on 3-month FD. Also, U should take the initiative to check out the different promotions offered by the different banks as it changes from time to time instead of asking us here. Their 1-month FD rate is 3.65%

@jeff_ckf,
I think we should get back to the discussion topic.

@David83,
Yes there are some T&C - U need to check; I didn't read up on it cause I haf no intentions of moving my funds for now

OCBC's current promotion on Time Deposit is giving 3.83% p.a for 3/6 months placement.

@arsenal,
A lot of information is available online so if U took the time to check it out U wouldn't need to ask such questions. Of course there are T&C - primarily it'll have to be "new" funds from somewhere else being placed into the bank as what other forumers have mentioned above.

In saving U a trip to the bank [fuel expensive], U can get more information here

@Jean72,
That sure was a lengthy explanation but that's probably the gist of it. I ain't interested in dual currency FD for now so will find out more onli when I need to use it But thanks anyways

@Jean72,
If U do bring me to holland, I'll make sure I don't get U holland potatoes; instead I get U Holland Windmills `k?

@cherroy,
A lot of people are into it also because banks are promoting it pretty heavily.

@Jean72,
Yup.. it's alwiz good to know exactly what ur getting urself into; esp when it comes to $

@Jean72,
I never trust these officers cause at the end of the day, it's ur loss and not theirs and there's nothing they can do about their mistake! *gulps* I alwiz make it a point to find out as much as I can before I get into something. A couple of my friends call me 'anal' *sigh*

Yup.. use whatever facilities to our advantage

If U haf children going overseas to study, RM250k cash in AUD isn't too much but few people would haf so much funds readily available

@vin_ann,
There is supposed to be fixed board rate issued but most banks do give promotional rates on short term FDs. 12 months FDs are really quite fixed.

The 'actual' fixed rate for 1-3 months FD = 3% though most of time U should be able to get them to give it to U a little higher.

Also, what'd U mean by 'ur company'? Do U work with a bank or was it some sort of a special arrangement meant for ur organisation?

This post has been edited by tinkerbel: Jun 17 2008, 05:08 PM

@vin_ann,
So the rate is meant for Ur organisation, not staff members?

This post has been edited by tinkerbel: Jun 17 2008, 05:15 PM

@lwb,
Yeah... U do haf a point

@ed0gawa,
HmmM.. it should be dollar to dollar which means if want to put in RM100k in FD at that rate, will need to put in RM100k in UT too.

@ed0gawa,
33% p.a is relatively high... Am not sure if the bank is even allowed to do so. Anyhow I'm quite sure there's a cap limit to the promotion.

So, did U put any $ into the funds?

@jeff_ckf,
FD is guaranteed, UT isn't

@ed0gawa,
hmmM..... U could check and share with us here. I ain't gonna be able to put $ in it so no point for me to get more info