I will confirm item (2) and (3) in the next few days after the cheque is cleared.

Promotion end date - didn't ask
You cannot get the same offer as it's NEW-to-HSBC BANK customers only... As they will check your name against their database for any previous account with HSBC.
They even found that I held a Supplementary CC 6 years old ago.

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.

HLB 1% additonal interest Promo.

TQ for this info Gen-X.

For non PB customers, is it your understanding that one can only place 10K into FD, no more, no less? ie one cannot place for instance RM20K? Thanks in advance.

This post has been edited by ascend: Jul 3 2012, 11:22 AM

Bro, read the T&C where it is clearly stated the amount and one placement per customer.

Hi, I calculated after 3 mths, with the 1% extra, can get RM 98.75. *own calculation, dun noe is right or wrong *

After the 3 mths over, can go withdraw the money and tutup the savings acc as I have too many already....

This post has been edited by lipton tea: Jul 3 2012, 12:52 PM

For the Combo FD and savings promo, can the new savings account be the smartsaver account which enjoys up to 3% interest?
Can't find the link at OCBC website.

This post has been edited by MGM: Jul 3 2012, 02:18 PM

haha, I wondering that too.

The previous Savings Combo Promo of 12month 3.8% includes the Smartsaver Account. If the same t&c applies, then this combo can effectively gives 4.25%, and don't need to wait for 1st weekend of the month.

Bro, how you come out with 4.25%, it's more like (4.5%+3%)/2 = 3.75%

For my case, I think HLB 3.95% better where I get 1% on top of my HLB Junior Account Interest Rate too.

Say FD rm10000 at 4.5% and SmartSaver rm2000(20% of FD) at 3%, average out
(10000*4.5%+2000*3%)/12000= 4.25%

Your calculation is based on equal amount on both FD and SmartSaver.

What is the HLB junior acc interest? What portion on FD and Savings? What is the effective rate, but I doubt it will be more than 4%?

Addition:

After checking the HLB website,
the effective rate from the promo is 3.9455%, based on FD rm10000 @ 3.95% and JuniorAccount rm1000 @ 3.9%.

This post has been edited by MGM: Jul 3 2012, 05:48 PM

Assume 90 days in the 3 months, 3.95%*(90/366)*10K =97.13.
This excludes the 1% additional bonus interest on the 1K in the savings account (negligible!). If you want this amount, the account cannot be closed until 31 January 2013 - this is also true if you want to remain eligible for the Hyundai car contest.

This promo is rather unusual in the sense that only RM10K or RM50K can be deposited. Even their own staff are confused over whether amount between 10K and 50K can be deposited. Their T&C can be clearer on this one.

Seems like quite attractive rates here!

I was really blur when I said 3.75%

Thanks for the workings above and you are right Must go to OCBC tomorrow to check if can sign up for Smart Saver for the Combo.

According to OCBC CS for Smartsaver(SS) min initial deposit is now reduced to rm200 and SS is one of the allowable savings account.

Bro, I just reread the OCBC SS T&C. Another condition need to deposit RM1K every month to get 3%, if deposit 0 - RM49.99 get 2.5% and deposit RM50-999 get 2.85%.

And yes, you are right, now the initial opening amount for OCBC SS is not RM3K but RM200.

Confirmed, can open Smart Saver for Combo Promotion. So I guess I have to deposit at least RM50 into SS for the next 2-3 months, haha.

To ALL: I highlighted the benefit of OCBC Smart Saver Savings Account at my Fixed Deposit Page, but the terms and condition link is the old one as the new T&C is not published yet at OCBC website.

This post has been edited by Gen-X: Jul 4 2012, 10:22 AM

Where is the link from OCBC? I cannot find any source regarding this 4.5% FD + Saving Acc combo promotion at OCBC wedsite.

Next time if you don't believe what is reported here and you cannot find any links and your funds are ready for immediate deployment, like I mentioned in post#1 call your nearest branch (you may also call 1300885000 or go to the branch)

Anyway to update, I was surprised that for the Combo package, the savings accounts to be opened with are Smart Savers, Junior and Gold where these accounts pay relatively higher interest rates than normal Savings Account. I guess OCBC Promoting the Smart Saver which is a good move to attract new customer and like in Australia where they pay higher interest rates when one does not do any withdrawals.

The good thing of OCBC Combo over HLB is that one can deposit more than RM10K or RM50K and their banker's cheque cost 50% less than HLB, hahaha. Wait, OCBC banker's cheque is free (for some of us whereas some reported need to pay RM2.15)

This post has been edited by Gen-X: Jul 4 2012, 03:56 PM

If I plan to put rm10k in the OCBC combo, I need to open another SMart saver with min rm1k to entitle for 3%, and continuously need to top up rm1k for the whole 3 months. Please correct me if wrong.

What about if I want to deposit rm20k, how much minimum I need to put in Smart saver account to entitle 3%? Thanks,

Also may I know when the OCBC offer end?

This post has been edited by shohoku11: Jul 4 2012, 06:39 PM

Firstly the combo is minimum RM10K in FD and 20% in Savings.

Therefore with minimum RM10K you'll need to deposit RM2K into a NEW Smart Saver/Junrior Savings Account. And if RM20K into FD you need RM4K into the savings account.

The interest rate you earn with the Smart Savers has nothing to do with the amount you deposit in FD. Both are separate accounts. If you refer to the OCBC table I posted in my blog, to get 3% interest with the Smart Savers Plan, yes you need to deposit minimum RM1K every month AND no withdrawal for that month to earn 3%. But, if you just deposit RM50 you also get 2.85% which is not much diff compare to 3%. Don't withdraw and don't deposit you still earn 2.5% with the Smart Savers Plan.

For discussion sake, assume we don't deposit any amount into the Smart Saver Plan and get 2.5% interest. Well actually the first month we should get 3% (since you cannot withdraw for 90 days anyway) but I too lazy to do the actual calculation, so below math is based on RM10K at 4.5% and RM2K with 2.5% for 3 months (also note, actual interest is based on days not months and for Savings Account interest credited monthly which was not considered).

Interest 3 months FD x 4.5%pa x RM10K = RM112.5
Interest 3 months Smart Saver x 2.5%pa x RM2K = 12.5
Therefore approximate interest rate for RM12K = (RM125/RM12K) 1.042% or 4.168%pa (not much diff compared to 4.25%)

thumbs up for this information.