i would say 3 mths 4% is better, as progression tables on fd shown shorter terms lower %

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Added on April 27, 2012, 8:04 amMGM, btw did Bank Rakyat gave u any gifts the other time ?

This post has been edited by magika: Apr 27 2012, 08:04 AM

Thinking to join this step up FD but still need to open their CASA which makes me has a lot bank accounts with many banks.

Shy leh. I took out the money after 5 days and did not return the gifts, an umbrella, a small backpack and a cap.
In return BR has a 5-day free use of my money.

currently saving with hsbc at 2.75% per month FD @ 50K
should I jump to others..

depends lah, if you need the funds next week why waste time, but if you not going to use the funds for the next 6 months, you'll losing out 1.25% with HSBC instead of going for SCB current promo.

This post has been edited by Gen-X: Apr 27 2012, 11:51 AM

Oops, the scb step up promo is subject to a maximum rm100k fresh fund only.

Not true.

Minimum is RM50,000.00 of fresh funds
Maximum is RM1,000,000.00 of fresh funds

Thanks for the correction. My aging eyes really hates to read those fine print. Pai seh.

This post has been edited by aeiou228: Apr 27 2012, 03:01 PM

It's actually the RM200 cash back for the credit card application, they give me RM600 for 3 cards....

Hi, would like to ask can i give 2 different banks draft to open a FD account?

Wah, you really maximize the cash back. Anyway, you better go read the terms and conditions and check if you need to spend X amount within certain time frame.

Can. Combination of cash and cheque also can.

Thank you for the info!

For those of you don't want the hassle to go open new account at OCBC our UOB, here is Maybank Fixed Deposit Promo until 16 May 2012. Minimum Fresh fund RM20K for individual. Promo also good if one is not sure if they can tie down their fund for 6 months.



For more FD promotions April to May, please visit my Fixed Deposit Page at my blog.

Bear in mind, it's over the counter only...

I'm considering this .. any comments guys?

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Added on April 28, 2012, 1:52 amI also received sms on the cash back promotion. I checked their terms/application form. The annual fees is RM250 for platinum card + RM50 govt tax unless we can terminate the card before they charge the annual fees else really no point since most cards nowadays are free for life.



This post has been edited by 1282009: Apr 28 2012, 01:52 AM

Bank Rakyat has been constantly offering high FD rate. Only one thing is that deposit in Bank Rakyat isn't PIDM protected while deposit in other commercial banks entitle PIDM protection. If you are very confident with Bank Rakyat, then you may place an fd with them. But if you like to have your deposit to be protected by PIDM then you could try OCBC FD promo, the rate is high as well:

http://www.ocbc.com.my/personal-banking/Pr...eals/index.shtm

Anyway are you talking about the cash back promotion of SCB? Their offer is good. Last time I got two cards approved as well but they don't give the cash back right away. They require the card holders to use each of their credit cards two times first. Once you have met their requirement, they will give the cash back. It took about three months for me last time.

But the RM50 gov tax will be charged as soon as your credit card account is created. I got first year annual fee waived. To confirm this you may call them first before submitting your application.

This post has been edited by lkcheng: Apr 28 2012, 09:20 AM

Can you confirm this? The info in the pdf file was updated on 29 April 2010.

I just checked PIDM site at http://www.pidm.gov.my/About-Deposit-Insur...ution-List.aspx, Can't find Bank Rakyat in the list and it says Development financial institutions aren't PIDM members.



This post has been edited by lkcheng: Apr 28 2012, 03:50 PM

HI, I notice that Joint Account is listed under Mubeen, while none is listed for Warga Emas. My question is, can I open a Warga Emas Joint Account with my mom? I am not an old citizen, but she is. Thanks