type 2 & 3

yes

I think this is not a promo, it is just their standard rates. Just put in today on the flexi rate, and manage only to ask for additional of 0.03%. After 3 months if return is as indicated then don't need to transfer here and there and still enjoy a good rate, even not new funds. The flexi rate is better if the trend is for interest rate to move up.

Guys, you are leaving out the BEST FD rate one lah, its Bank Rakyat. Ok, the service might not be as good but the rate is the best. I was reading this site and claims BR is the best for FD. 4.01% !!!!!!!!!!!!!

http://savemoney.my/best-fd-rates-in-malay...1-for-one-year/

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.

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.

I got a response from PIDM regarding bank rakyat:

Kindly be informed that all commercial banks licensed under the Banking and Financial Institutions Act 1989 and all Islamic banks licensed under the Islamic Banking Act 1983, including foreign banks operating in Malaysia, are member institutions of PIDM. Membership is compulsory as provided under Akta Perbadanan Insurans Deposit Malaysia. However, Bank Rakyat under Cooperative Bank not compulsory to become PIDM membership because as provided under Development of Financial Institution Act (DAFIA) and Malaysia government. All depositors at Bank Rakyat will be protected by Malaysia government under Ministry of Finance.

So you are protected but not through PIDM.

I still a bit blur after read through all sifu comment.

I do not have SCB acc.
What is the Idea (min) amount to deposit into CASA?
What type of account should I open to maximize my return?

Thank you very much!

I think you are right, the tracking period will be started from the date your account created. But it is still good to put in RM31,970 for RM300 interest for 64 days. It is equal to 5.63% pa. I did some calculation, I think you need RM31,000 only if you create acc on 29th and cheque clears on 31 May.

SCB has been giving away rm300 cash rebate for credit card application. So i think this is their marketing techniques. Not many (at least those who dont read this forum) will bother how to optimise the returns like what we did here.

Contribute as thanks to the infos here.
I joined this SCB RM300 cashback SuperSalary Account/ E$AVER ACCOUNT and the officer confirmed only need to deposit in May RM30K, use the debit card to deposit and withdraw before leaving the bank, then just wait for Aug to collect the RM300, and if luck gold coins too.

i would put as much money as i can into bank rakyat. Its the best rate in the market as per review below

I got a call from my SCB consultant, she said that if I bank in 35k tomorrow, I can entitle for the RM300 cash rebate on August.

If bank in 30k on 1 June, the cash rebate will be credited in September.

There are only two cycle, either May or June

This was a promotion from Alliance Bank from last year, if my memory serves me correctly.

How did you derive the 4% p.a ?

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Added on May 12, 2012, 10:01 pm

If it's true, I think it's good to put in 30,020 , RM20 for online bill payment

For new customer:
Can we just deposit the RM30K++ at end of May (to entitle the 1st campaign) till end of Aug and the duration is around 2 months + 2/3 days to Maximize the return RM300 + 1.5% Intrest?
or
We need to wait 1st June (2nd campaign) and deposit till end of Sep to get RM300 + 1.5% interest?

Thanks.