just checked my FD, it is at an interest rate of 4.15% for 6 mths tenure- OCBC...though i was told it is at 3.65% wondering if it's more coz I am a staff, but then when i asked earlier, they said the rate is same at 3.65% regardless of staff or not...weird..but in my INB, it shows as 4.15%..

Congratulations on earning additional 0.5% per annum

but when i called to check the staff said its 3.65%...Unless my INB is showing me wrongly or the staff was wrong

Normally bank staff get extra 1%. If you say 4.15% for 12 months makes sense because OCBC Board rate for 12 months is 3.15%. But their 6 months board rate is 3%, so how you get 4.15% ?

Open saving, current and FD accounts in OCBC. 50% gets 3.65% for 6 months and 50% gets 5% for 3 months. Premier member card out of stock, have to wait.

Interested in the DCi, anyone invested in DCi?

Is it true?

Special and lower housing loan rate, yes,
but never heard got 1% extra in FD.

HL bank 1% extra for staff

Are you calling me a liar You never heard does not mean it is not true.

just to add, Bank Rakyat above 50k fd can nego usually extra 0.05%

---

Added on April 14, 2012, 8:05 amambank staff also extra % for fd


This post has been edited by magika: Apr 14 2012, 08:05 AM

I no mean that, just need clarification.

So can joint name with relatives who is staff and get extra 1%?

Bank dont allow joint name, even joint name with parents also not allowed

I just opened FD @ ocbc, only 3.65% for 6-month tenure which is what I expected anyway.

gents, need some help. my Ocbc fd date 13 Jan 12 mature on 13 April 12. how many days should it be for calculation purposes.

yeap thats true. only staff that open his/her own fd account with the bank he is working at will get extra %. no joint names even for parents. yeap its that strict.

isn't that 91days for calculation purposes?

does that mean 13 Jan is not consided or is it 13 April, just asking whether its the norm. i counted 92

Interest is not paid on the last day (13 April) - the maturity day - because that's the day on which you can withdraw your money.
Product disclosure should tell you this to avoid confusion but many don't.

thanks, this will help on future calc

Hi guys,
Just want to ask a noob question.
Let say I open fix deposit for RM10k with 3.1% interest rate and 1 year tenure at 15/4/2012 .
However, I decided to witdraw 1 month later which is 15/5/2012. Do I entitle any interest or I have no entitle any interest rate as all?
Thanks.

Definitely no interest earned at all !!!!

True.. and I'm not sure if there's a penalty for earlier withdrawal either.