ya.......on page 1

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Added on June 4, 2012, 12:21 pmsplit your fd into two group. 1 month and 6 or 12 mths. can only optimize not maximize as we dont have future info


This post has been edited by gsc: Jun 4 2012, 12:21 PM

Mighty Weekend started with opening up kid account. But the rule has changed a few months back. You open your own saving account. In my earlier post, i write saving account but didnt refer to kid's account.

Yourself - saving account RM 20. FD max RM50000 , 3 mths for 4%
Your wife - saving account RM20. FD max RM 50000, 3 mths for 4%

A total of RM100,000.

But RM50k deposit has to be done in one go. No top up allowed.

OCBC CSR sometimes not aware on their own products.

I have opened on Mighty weekend
1) mighty saver for kid and opened a FD RMXX 3 mths for 4%
2) open saving account RM20 and opened another FD for RMXX, 3 mth for 4%

All these are done on two separate weekends

Plan to
1) buy unit trust and open FD for 3 mths for 4% since AmBank offer has ended.

All these can only be done on Mighty Weekend. Earlier it was allowed on any day except (1)

This post has been edited by gsc: Jun 6 2012, 10:04 PM

or open a current account which I didnt encourage coz it needs slightly more money than saving

Unit trust or Ambond (if not mistaken)

No need or take up a phone and call

May be some already know....just called UOB on FD rate..

1 mth is 3.2%, min RM10k. Good for those need very short term FD

just called UOB and was told the additional 0.05% is on top of board rate not on promotional rate for senior citizen. however for 12 mths fd the promotional rate for senior citizen is 3.6%

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Added on June 14, 2012, 12:37 pm
there is also another condition stated that max protection is Rm 250k. thus for those who hv more than rm 250k FD, any additional amount on top of the limit is probably more risky than Bank Rakyat

This post has been edited by gsc: Jun 14 2012, 12:37 PM

OCBC 1:1 ratio 5% FD and unit trust

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Added on June 14, 2012, 3:33 pmsorry to hear your case. but I just called ocbc, beach st, Penang mighty weekend promotion still on even though you don't hv a kid. myself did enjoy the 4% FD by opening a saving account. for Penang beach st branch, July mighty weekend date is not fixed as first sat is Penang holiday and second sat is national public holiday.

since UOB and ocbc promotion end June and ocbc mighty weekend will be a month from now, I plan to place one month fd at UOB to enjoy the 3.2 % and when mature in July then open mighty weekend account.

This post has been edited by gsc: Jun 14 2012, 03:33 PM

UOB, ocbc, public....those banks which does not link fd interest payment to saving account or on the other hand , some banks make it a condition to open saving account in order to enjoy the promote rate like the std chartered, hong Leong, Am etc

most bank will take it as fresh fund as long as the cheque is not from the bank which you are going to deposit. HSBC should be the same or you can issue a cheque RM51k

better check with the bank as not all banks practiced the same way....following was my experience

Hong Leong Bank - they need me informed them first how much fund is coming in first then they will monitor and take it as fresh fund. Not sure have they changed the practice

refer to page 1, choose the bank you like, call them and share with us the outcome

why cant disclose here ? whoever contacted you will share here and this is spirit of sharing....

Citi bank is worrying about their competitors ? their staffs are trained in this way to get more customers ???

OCBC Penang branch premier customer service is even slower than the normal counter service. This is my personal experience...no car park facility and service suck....Citi Gold is still the best....15sen for banker cheque and OCBC charged RM2.15 for a banker cheque

not huge difference but highlighting the difference between OCBC premier and Citi Gold

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Added on June 21, 2012, 12:08 pmLast month I withdrawn my FD from OCBC and add on some money from OCBC saving account, they charged RM2.15 with the cheque on my name even though I am premier customer.

OCBC Rentas charged RM9. I cant remember which bank i went to recently charged RM7 for Rentas

This post has been edited by gsc: Jun 21 2012, 12:08 PM

UOB RM0.15. Just did it this month.
HLB is RM5.15.

It will be good if Rentas and interbank Giro are included here as well.

Rentas
OCBC - RM9.00
Citi (need confirm) - RM7.00

Interbank Giro
OCBC - RM2 ??

This post has been edited by gsc: Jun 21 2012, 12:13 PM

I added on RM200, the RM should have let me know .....

This post has been edited by gsc: Jun 21 2012, 12:18 PM

Interbank Giro RM0.50, my RM said RM2.00...may be you are right, the RM dont know also

Confirm UOB charged RM0.15 coz today my FD due and used UOB banker cheque to open 3 mth FD at OCBC. I know UOB is 3.53%, 0.03% better than that of OCBC but for fresh fund only.

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Added on June 21, 2012, 10:26 pmif withdraw the FD plus interest and on own name- banker cheque is RM0.15.


This post has been edited by gsc: Jun 21 2012, 10:26 PM

someone may say, it is off topic again, by the way, I am not trying to get more count

getting rm170+ is better than sitting in the saving account or current account earning nothing..

not sure is it the right place to ask, with the government intention to raise the full EPF withdrawal age to 60, is it better off to withdraw all now for those reaching 55?

who knows when come 60, government will make it only monthly withdrawal???