int rates are the same, only benefit is may be 1 or 2 k dep for warga emas

dont think so, just go n ask n update us

thats right. shouldn't bail those greedy people, only deposit with Bank Simpanan should be guranteed. BSN not under BN??

btw, only deposit up to RM250k are insured by PIDM, so would be wise for those deposit more than that to spread around to a few banks

This post has been edited by magika: May 2 2012, 08:30 AM

woa, thanks sure not.which means 4.01% to 4.51%

called BR, last time rate diff Mubeen vs warga emas 0.5%. Now no difference.

pity hv to withdraw a few of my 1 mth fds which has not reach maturity date, loosing around 19 days interest

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Added on May 2, 2012, 2:59 pmso BR protected, but until RM??? PIDM until RM250k

This post has been edited by magika: May 2 2012, 02:59 PM

let us know whether it will work.. May a request a copy from u to try out maybe lucky

Can try Bank Rakyat more than 60mths 4.65% i think, can nego for extra %. Interest i believe is credited monthly. Why not go and ask? If i am introducer then maybe can get some benefits.

just use excel to calculate .. maturity date - dep date will get u number of days , then divide by 365 x %. got this from the forum. However just to note, Maybank calc is slightly unconventional.

This post has been edited by magika: May 2 2012, 10:52 PM

question : Uplift 1 mth FD vs Overdraft

Anybody can enlighten me as to the pros & cons as i need some funds wheras my Fds short of 7 days to maturity ?

Tq

Thanks. Did the calc OD more worth it. How to arrange OD facilities so it could be used when needed ? For instance OCBC needs 7 days notice which could be troublesome when needing instant cash.

OCBC quote me Blr-1 i.e 5.6%. As calculated, will be more worth it using OD. Now trying to find out how to arrange OD to be instantly available when needed.

Thats what OCBC quote me is FD pledge. No processing fees n BLR - 1. Trying to see what option is open to me as occasionally n unpredictably i need large amount of cash. OCBC needs 7 days. Trying to find out whether any FD deposits came with OD options which can be instantly mobilised.

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Added on May 3, 2012, 5:06 pm How does this work? I thought banks will disburse total sum to developer.

This post has been edited by magika: May 3 2012, 05:06 PM

its ok as using less than 10 days vs uplift my fds. Any better rates offer for OD.

E.g : FD RM150k - 3.26% Expected returns RM401.92

OD RM150k - 5.6% 7 days OD RM184.11

n thats just for 1 mth FD

This post has been edited by magika: May 4 2012, 09:53 AM

average balance growth5 of RM10,000

That is the keyword. Where do u get the 4 % return ?

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Added on May 4, 2012, 9:28 amit does not sound good when there are too many tricky words in the terms n conditions.

its 1% cashback when u use the debit card, but if looking at the example(T&C) only ADB min 10K (per mth 300k)

Ps: I think u posted on the wrong thread. Sould be Credit Cards thread.

This post has been edited by magika: May 4 2012, 09:41 AM

neither

Pls read back a few pages

Standard Chartered Deposit CashBack Rewards Campaign and Gold Coin Contest
4. To participate, new customers must open an e$aver or SuperSalary account in either May or June 2012 and existing customers must have a
current or savings account (CASA) with Standard Chartered Bank Malaysia Berhad or Standard Chartered Saadiq Berhad before 1 May 2012.
5. Average balance = Total of day-end balances in the CASA account every day in that month/ Number of days. Average balance growth is the
increase in average balance as compared to April 2012.
6. Customers must perform at least one online bill payment or ATM cash withdrawal or debit card purchase transaction from their Standard
Chartered account during the promotion period.
7. To be eligible for CashBack, customers must have minimum RM10,000 CASA average balance growth in either May or June 2012, as
compared with April 2012 CASA average balance, and maintain the amount of that growth for 3 months, as well as satisfy all other criteria.
8. CashBack amount depends on customer’s CASA average balance growth.
9. For the Gold Coin Contest, customers are entitled to 1 contest entry for every RM5,000 in their total CASA average balance growth in each
campaign month (May or June 2012) as compared with April 2012 CASA average balance.
10. The above is merely an excerpt of the Terms & Conditions governing the Standard Chartered Deposit CashBack Rewards Campaign and
Gold Coin Contest; and the Free Transaction Fees & Debit Card CashBack on Debit Card Promotion.
Click the above links for full Terms and Conditions.

Excerpt from T & C

Table I
Total CASA Incremental AB (RM)
CashBack Rewards (RM)
10,000 to 19,999.99
100
20,000 to 29,999.99
200
30,000 & above
300
EXAMPLES
Continuing from Example 1 above:
From Example 1, Mr A’s Total CASA comprises 1 Savings and 1 Current account with SCBMB, and his Baseline is RM20,000.
The total of day-end balances in Mr A’s Total CASA during May 2012 is RM1,000,000. His Total CASA AB for May 2012 is RM1,000,000 / 31 days = RM32,258.06. His Incremental AB for May 2012 is therefore RM32,258.06 – RM20,000 = RM12,258.06, which satisfies the May minimum Incremental AB requirement.
Mr A uses his Standard Chartered debit card to pay for petrol on 15 May 2012. He therefore satisfies the Qualifying Criteria in May, and his Tracking Period is from 1 May 2012 to 31 July 2012, (92 days).
The total of day-end balances in his accounts during the Tracking Period is RM5,000,000. His Total CASA AB for the Tracking Period = RM5,000,000 / 92 days = RM54,347.82.
In this case, Mr A’s Incremental AB = RM54,347.82 – RM20,000 = RM34,347.82; which means Mr A will be eligible for RM300 CashBack Rewards.


CONclusion

Can please deduce from the above what is the total needed to get RM300 cashback ? n wat trigger the cashback. Pls inform me n maybe I may not comprehend wrongly. My apologies if misunderstood n no banks play tricks , its just that we ASS..ume

This post has been edited by magika: May 4 2012, 11:11 AM

Free Transaction Fees & Debit Card CashBack on Debit Card Promotion
1. Valid from 1 May until 31 December 2012.
2. Note: Priority Banking – Unlimited withdrawals. Preferred Banking - Unlimited withdrawals, provided previous month’s average balance in
customer’s account is at least RM5,000. Personal Banking – First 4 withdrawals, provided previous month’s average balance in customer’s
account is at least RM5,000.
3. Valid from 1 May until 31 December 2012. The debit card CashBack is 1% of the total amount of purchases for any petrol purchases, and
purchases from Watsons, The Store, Carrefour, Giant, Tesco, Parkson and Jusco in Malaysia using the Standard Chartered Debit Card.
Maximum total CashBack is RM50 per month per debit card.

CONclusion

This is different from e$aver and SuperSalary accounts eventhough both are from the same promotion. Its like normal cashback credit card.

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Added on May 4, 2012, 11:28 am??? sorry if my explaination still cause u to blur blur.

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Added on May 4, 2012, 11:34 amcorrection, SCB does not offer up to RM300 as interset but as cashback. There is a difference between those two words.

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Added on May 4, 2012, 11:42 am Simple Explaination of SCB Promotion For Esaver & Supersalary Only (not debit card)

CASA April = RM20,000.00 baseline
CASA May = Dep extra RM980,000.00 pls note its 980 thousand
May = Must use debit card to start tracking
May = Total CASA is RM1 million but Incermental AB for 31 days is only RM12,258.06 just above minimun req

This post has been edited by magika: May 4 2012, 11:42 AM

Sorry bro, pm me if u get RM300 back with the above arrangement. I will transfer additional RM300.00 to ur account.

dont worry just me pm me the details upon maturity.

A simple calculation for our benefit.

1. Lets assume your total CASA for April is RM0.00
2. Total dep for May is RM36.5k/31 days = RM1177.42 day end balance therfore not qualified. Period...

No offense, but is it possible that u print this simple statement n ask the manager to countersign.

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Added on May 4, 2012, 12:28 pm1 am a millionaire.

Pls check your calculation, should be divide not multply.

This post has been edited by magika: May 4 2012, 12:28 PM

i said simple n sure boh..

assume u deposit RM36,500k on first of May = 31 days =ADB = RM1177.00 only mah