No lah, Citibank not worried but their staff have quota (have to hit target for new customers and sell products) to meet to earn commission and have reasonable income. So the guy trying to cari makan here loh.

Anyway, to share with you guys, the 5% Time Deposit is applicable for new CitGold Customers for 2 months only and Maximum amount entitled to the 5% is RM200K (minimum amount to open CitiGold Account).

Also just for into, with our local HSBC Premier Account, we can be entitled to HSBC Premier Account at their overseas branches but not the case for CitiGold.

Anyway, for those interested to see comparison of the conversion rate when withdrawing cash in Australia with Citibank Debit Card at Citibank ATM versus Citibank Global Transfer, click here to my long winded article.

And for those of you who wants to have FREE monthly fee accounts in Australia click here to find out more.


like I mentioned above, minimum deposit RM200K (not necessary all in Time Deposits). And if wish know more about Privilege Priority Premier Banking Accounts and benefits (more terms of credit cards) for Alliance, Citibank, HLB, HSBC, RHB, SCB and UOB, click here. OCBC PB really useless, no extra benefit at all but you get a free gift.

This post has been edited by Gen-X: Jun 20 2012, 10:25 AM

Bro, since when OCBC charge RM2.15? As of last year, prior to me having PB with OCBC, they don't charge a single sen for cheques, yes more than 1, if the cheques are in my name from a single FD receipt. Now I have Current Acct with OCBC and I'll just transfer the amount into it.

Same for Alliance Bank - free too without PB.

Yah, sometimes it is faster to go to general banking hall for depositing and withdrawing our FDs.

UOB charge RM2.15 even if you are a PB customer.

HLB on the other hand charge RM5.15 but PB customer they charge RM0.15 for cheque.

To All:

Maybe we should recompile again the fee charged by the banks for cheques. Too lazy to go find previous posts. So guys, help out by copying below and post/edit where applicable. Will post at at post#1 later.

Banker's Cheque Fee (Not Bank Draft)

Affin - ?
Alliance - FREE
AmBank - ?
CIMB - ?
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - ?
Maybank - RM5 or RM5.15?
OCBC - FREE (gsc please reconfirm)
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM2.15
Others - please state bank and amount.

This post has been edited by Gen-X: Jun 21 2012, 08:12 AM

Noted and updated list.

Bro, when you last withdraw?

Noted and updated list.

Next time don't add and see what happens. Or why don't you call your RM and ask why you were charged RM2 service fee whereas some are not.

So we got conflicting reports for OCBC. As for UOB, I was charged RM2.15 this month, another conflicting report and I got PB with UOB too

gsc, if you don't mind, go check the red receipt for the UOB and see if there is a Service Fee of RM2.

So here's the updated info so far

Banker's Cheque Fee purely for FD Upliftment/Withdrawal

Affin - ?
Alliance - FREE
AmBank - RM2.15
CIMB - FREE
Citibank - RM0.15
HLB - RM5.15 (PB Customers RM0.15)
HSBC - RM5 same day or RM2 next day (no RM0.15 Stamp Duty??)
Maybank - RM5 or RM5.15?
OCBC - FREE or RM2.15 Conflicting reports.
PBB - RM2.15
RHB - RM5.15
SCB - RM2.15
UOB - RM0.15 or RM2.15 Conflicting reports.
Others - please state bank and amount.

I don't mind adding Rentas or Giro BUT will appreciate if you guys copy and post format like above and update/edit/comment the list while you guys post instead of each of you reporting individually and expect me to retype all the time.

This post has been edited by Gen-X: Jun 21 2012, 12:52 PM

Bro, you check the red color receipt?
How come only I get charged RM2.15 Withdraw mine last week.

noted, thanks for the confirmation.

yah it was principal plus interest in my own name when I withdrew my FDs and deposited them into OCBC 6 months 3.65% last week. I must go to UOB and find out how come they charge me RM2.15 somemore 2 cheques so rugi RM4!

Bro, you after post count ar

We are talking about FD related matter - i.e. banker's cheque fee for FD withdrawal. Not everyone has online or current account with the bank they have FD with; and therefore the fee is relevant, more so if the FD amount is a couple thousand and the promotional rate is extra 0.1%. For example, if you have deposited into a bank because it offered 0.5% extra for 3 month FD, with RM10K you only earn approximately extra RM12.5 and if the bank charge you RM5.15 for a cheque, you'll be earning less than RM8 extra!

My two cheques was for different FD certs and not split; therefore based on above, they should charge me like you mentioned.

You are absolutely right Bro, wasting time for RM4, haha. No lah, just need to call my RM or when I go there next month where I have another cert maturing.

This post has been edited by Gen-X: Jun 22 2012, 10:23 AM

hahaha, if RM12.5 less RM2.15 still got a free pack of fags. If I had use RM10K and extra 0.1% 3 months and fee RM5.15 for the example, then it will be negative

According to our Human Resource Minister today, the government will maintain age 55 for EPF withdrawal. Click here to read The Star article. Then again this particular minister said many things about having resolved the Indonesia maid issue but always something new crops up. And this same Minister said few days ago government looking into pension scheme and no decision has been made on EPF withdrawal And below is what was quoted by him in The Star (click here to read report 3 days ago)..

“Probably before the Bill (Minimum Retirement Age Bill 2012) is tabled for second reading, EPF and my ministry will discuss this issue and hopefully we can come up with a decision that is agreeable to all,”

In matter of less than 3 days he can issue conflicting comments. First he said hopefully he and EPF can come up with decision and then today said government is maintaining the age 55. Makes me wonder who actually deciding for us and nowhere did he mention that the Cabinet made the decision he announced today.

And with our government famous for its flip flopping on policies, I understand your worries. More so with EPF currently encouraging flexible withdrawals instead of one lump sum at age 55, it kind of indicates the direction they are heading.

So in relation to the topic of this thread (in case someone say this post is OT ), EPF have been consistently paying better dividend rate than any FD promotion out there. So, coming back to your question, better to withdraw EPF now if you are 55? Well, I guess it depends if one needs the cash or not and/or if one thinks he/she can get better returns from his/her investment. And of course you have to take the risk that our current Human Resource Minister will not change his tune tomorrow, hahaha.

His concern was not on the government extending the withdrawal age, that one not much of an issue as you also pointed out EPF dividend rate far exceed FD rate. He is speculating that when one reaches age 60 in few years time, the government no longer allow lump sum withdrawal but monthly withdrawal.

I was at a HLB branch 2 days ago and what caught my attention in their electronic display board (LCD TV) was it shown interest rate higher if the deposit amount is more than RM1m and longer duration. Next time you go HLB check it out. And currently for up to RM2m, one can enjoy 3.7% interest but need to deposit RM50K into CASA.

As for BNM actions, we just have to wait till early next month, but in the meantime you may want to read this.

This post has been edited by Gen-X: Jun 24 2012, 09:58 AM

Bro, you forgot the check Affin's rate - 1 month 3.05%

Except for HSBC new branch promo, which other bank give free gift for FD? AS for UOB, you open Privilege Banking you do get free gifts.

As for the PIDM, the answer is yes. Even if the person B has RM100K in his own account, the separate joint account with you is still insured up to RM250K. Google PIDM to see example.

You got to wait till Monday when the banks come out with new promo. And how long the duration?

Yah, I think MGM did mention he got a free gift last time.

Anyway, in my Fixed Deposit Page at my blog, I have included Bank Rakyat's Qiradh Investment Account. After checking thru the various accounts, I now understand why some mentioned that one can get monthly "profit" instead and not upon maturity. To get the monthly "profit", need to deposit RM20K and above.

This post has been edited by Gen-X: Jun 29 2012, 11:55 PM

**Edited** After I post, you edited your post.

For RM10K extra funds - depends on your needs and how convenient is it for you to access to various banks.

For example, for 6 and 12 months FD, with a bank offering 0.5% more in interest earns you extra RM25 and RM50 respectively. So if you have the time like some of us playing the FD Musical Chair and cost you "nothing" to shift your funds around, then check out post#1 of this thread every so often for promotions. Aslo check out the fee for banker's cheque.

If you don't have the time to shift you funds around and just want auto renew at board rates, Affin and Bank Rakyat do offer very competitive rates.

And yes, no point having the extra fund sitting in savings. Even by just transferring your money into CIMB FD will earn you much much more.

This post has been edited by Gen-X: Jun 30 2012, 10:08 AM

Ok new update for FD July 2012 - HLB The BIG One Celebration 3.95% for 3 months FD.



(Note: I got no control on the image size here - previously when we click on image here can see actual size, so if you want to see actual size go to my Fixed Deposit Page at my blog and click on it).

HLB is offering extra 1% interest for 3 months FD on the following conditions:

Non Priority Banking Customers - Must deposit RM10K with FD and RM1K into Savings Account.

Priority Banking Customers - Must deposit RM50K into FD and RM5K into Savings Account.

Click here to HLB website to see T&C

This post has been edited by Gen-X: Jul 1 2012, 05:26 PM

Generally for FD

1. Minimum deposit for 1 month tenure RM5K and 2 months and above RM500.

2. If you have money in Savings Account and you not utilizing it, better you deposit into FD where you earn higher interest rate.

For example you have RM5K in you savings account and the interest rate is 0.5% per annum. Therefore you only earn approximately RM25 per year (why I say approximately is because generally for Savings Account the interest earned is credited monthly into the Savings Account).

If you deposit this same amount of RM5K into Fixed Deposit for 12 month tenure at 3.15%, you will earn RM157.50 upon maturity (i.e. after 1 year). That's RM132.50more than the Savings Account.

Or say, you need to use the RM5K in 3 months time, instead of leaving the money in the Savings Account, you deposit it into 3 months FD at 3% interest rate. Therefore the interest you will earn is approximately RM5K x 0.03 x 3/12 = RM37.50. Reason why I said approximately is because the actual interest payable is based on the number of days and not months.

So, go check your bank website to see the FD interest rate, or go to 1st page to see some of the rates. If you have RM500 or more, go deposit into FD if you are not utilizing the money or until you are ready for riskier investment.

This post has been edited by Gen-X: Jul 1 2012, 09:58 PM

noted Bro, thank you.

Bro, thank you.

If not mistaken PBB step up ended in May (see post#2) and CIMB even months ago (once again check post#2).

This post has been edited by Gen-X: Jul 2 2012, 05:39 PM

the ad is up at SCB, minimum RM50K and offer ends 10 July 2012

http://www.standardchartered.com.my/person...osit/index.html

according to the T&C, not necessary need new eSaver account just that interest must be credited into nominated savings or current account.

This post has been edited by Gen-X: Jul 2 2012, 05:56 PM

we will know soon, next meeting 5 July 2012

To ALL:



I work out the average is 3.80833%

Thanks for update and here is latest for OCBC:

3 Months 3.50%
9 Month 3.60%

Combo FD and Savings - 3 Months FD 4.5% where 20% equivalent amount deposited into FD must be deposited into a NEW Savings Account and maintained for 90 days. No offers of PB customers at the moment.

UOB until 15th July same as previous month but PB higher 0.05% for 1 and 6 months.

And this weekend got Mighty Savers? You guys who have children can check it out and earn 4% 3 Months FD.

So far looks like HLB offer for 3 Months 3.95% very attractive if there is no maintenance period for the savings account thingy.

As usual click here to my Fixed Deposit Page for latest Promotion FD interest rates.