hey guys,
I just found this and decided to share with you guys.

HSBC bank offers 8.50% p.a for FD.

Link: http://www.hsbc.co.in/1/2/personal/bank-ac.../fixed-deposits

CTB 5.85% min 200k, is for the first 3 months only? after that it will be back to normal....right?

Junior FD?

True or not 6.88%/m? I put 50K if really so high ROI.

Starting this Saturday 1st October and until 31st October, SCB if offering 5% interest for up to 3 months for new and existing e$aver account. From what I gather from the ad in The Star, the 5% inte4erst is for months of October, November and December. To maintain minimum RM3000 for 3 months. click below link to see ad. So if you like only open the e$aver account on 31st October 2011, you'll only get 5% for two months.

http://mystar.my/ads/ad.aspx?id=0dc8ba6f-c...78-8df2845fb471

I'm definitely treating it as FD....

Not sure if SCB can waive the RM8/year ATM card fees.....

Transfer the money out is also an issue. SCB charge 50sen per IBG (max RM9999)
Make sure we close the eSaver account after 3 months or pay RM20 (for early account closure)

The T&C for the SCB 5% p.a. offer is at http://www.standardchartered.com.my/person...rpromo/tnc.html

I asked the Bank Officer
1. we DO NOT NEED to get the ATM Debit Card
2. we need to top-up at least RM3000 per month (Nov & Dec) to be eligible for further 5% Bonus Payment in those months (Nov & Dec)
3. Better to open the eSaver account on 1 Oct 2011

8.  New Customers   
8.1  For New Customers, Bonus Payments will be paid on the ADB in their Promotion Accounts during the Bonus Period.
8.2  To be eligible for Bonus Payments in any month of the Bonus Period:   
(a)  a New Customer must have an ADB of at least RM3,000 in their Promotion Accounts during the Promotion Period. Customers who do not satisfy that minimum ADB criteria will not be eligible for any Bonus Payments in that account even if they achieve a higher ADB in later months; and
(b)  the ADB in the Promotion Account in that month must also be at least RM3,000.

From 10am to 3pm
There will be food and drinks provided for the event     

There's eSaver-i for Saadiq branches

Anybody knows how to calculate;

1) FD with add on interest?
2) FD with intrest pay out to savings acc?

Which is beter for us as customer?

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.

I don't have any account with SCB but from their system, I'm recognized as existing SCB customer probably due to old closed account. I opened the e$aver account with zero balance then RENTAS the fund over from other bank. More worth it to RENTAS if the deposit amount is more than 50K.   


For RM10K, the different between interest reinvest or direct credit to SA is too insignificant. Just go for the 3.8% FD.