hahaha, you are right,the link was for previous promo. This month no such offer, latest T&C link below

http://www.ocbc.com.my/personal-banking/Pr...2%20%282%29.pdf

Am Bank FD for senior citizen (50 and above) provides insurance up to maximum RM25k (provided you have RM25k in your FD). There is a maximum age limit which I cant remember how old.

thanks but rate so low..

Thanks bro.. What worries me is that many ppl are discussing abt 3.x% while BR giving 4%.. logically ppl will go for that rite.. So my decision as a newbie to choose BR shud be not wrong, right? Thanks...

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Added on July 31, 2012, 11:13 pmSorry uncle, didnt mean to be negative at all... Sory ya..


This post has been edited by rajivshm: Jul 31 2012, 11:13 PM

the ISO certification is actually helping the company established the essential system to meet international requirements......but many MR (management representative) misunderstand it and end up the means to the ends become ends themselves.

This post has been edited by gsc: Aug 1 2012, 12:23 AM

Bro, if your logic refers to greed, yes it is human nature However each of us also have different views and opinions and who is to say what is right or wrong? Having said that, if a financial institution is offering you like 8% for 12 months FD today, then I guess you better ask yourself how is that possible.

And you got to understand that Fixed Deposit and Bank Rakyat Islamic Investment Account are actually different. The Bank Rakyat's products are based on profit sharing principles, so with my little or no knowledge of this profit sharing meaning, I would think logically if they are making more profit, you should be getting more in dividends and vice-versa right? But this is not the case.

Anyway, go read the last few pages where it was discussed about your money being insured by PIDM versus government of Malaysia. Also do a serach on Bank Rakyat to read more on previous discussions.

Oh, by the way, I wanted to salute you earlier but forgot. With you depositing RM1K everymonth, that's commendable

This post has been edited by Gen-X: Aug 1 2012, 12:31 AM

Anyone received the RM300 cashback for the SCB promo in last May/Jun for the CASA a/c opening?

agreed. With so much prestige attached to certification, practically most CEO will deemed it as a personal failure nevermind if their company profit never acheived their shareholder expectation.

LHDN recently make a backtrack for gratuity on optional retirement deposited in EPF to betax exempted.

Ooh, some of my FDs maturing this week, so most probably will go to OCBC combo, though hoping have longer terms with better interest rates..

I still dont really understnd. read those posts d... but being insured by govt of Malaysia shud also be safe, right? Im just worried if i dun get back my $$ upon maturity of FD. DIE liao.. haha...

by the way, not 1k everymonth la... sometimes 2 or 3 months once only possible. unless i starve...
anyway thanks bro...

Everything is a risk , high risk or low risk.. if FD dont get back on maturity then.. nowhere else is safe..
Because you are new to FD just be aware of sweet talk by bank or any one promising high returns much much more than average.. greed kills..
If you should received any better offers , post it in this forum.. got a lot of experienced forummers can dissect for you..

This post has been edited by magika: Aug 1 2012, 10:55 AM

My tracking period for the rm300 cash back promo is from 29-may to 31-july but the bank officer just told me not to withdraw until 29-Aug just to be sure. they can't understand their own TNC. Now need read up and bring the tnc again and go back to argue. Just hate this.

hows your blood pressure readings..he..he.

The terms and conditions clearly stated that "All cashback rewards will be credited during the month immediately after the relevant tracking period" which means any time from 1 August to 31 August (if your tracking period is until 31 July).

If the tracking period is until 31 July, I take it to mean that it will no longer be tracked after 31 July - that means can withdraw money from 1 Aug onwards.

The important thing is: you have to determine whether your tracking period is until 31 July or 31 August.

Open acc on 29-5(Tues) with rm32700 and made a ATM withdrawal of rm50 and keep the balance until 31-July.
ADB from 29-5 to 31-7 is consistently rm32650. So satisfied all requirement to entitle for rm300 cash back in August. Should be allowed to withdraw most of the deposit from 1-8-12.

New promo from CIMB.. not very exciting...

STEP UP FIXED DEPOSIT OFFER (UNTIL 31 DECEMBER 2012)
Up to 5.00% p.a. on a 6-month Step Up Fixed Deposit** with a minimum placement of RM50,000 for new and existing CIMB Preferred members.

Month 1-5 = 3.10%, Month 6 =5%

Average ... 3.42% p.a... for 6 months.

This post has been edited by gark: Aug 1 2012, 12:14 PM

Thanks Bro, posted it at Post#1

For Non Preferred members, the CIMB Step Up FD Promo until end of the year is as follows:

1-5 Months 3.1%
6th Month 4.88% (slightly lower than Preferred)
Minimum RM5K and in multiples of RM5K

Click here to CIMB webpage on Step Up FD PRomo.



Both above MMB Promo reported by Zoe'26's and me questionable. What I reported above was informed to me by phone. Today I actually went to MMB and here's what MBB is offering currently:

1st 6 Months 3.35% and roll over (allowed 1 time only) for 6 months 4.05% and applicable for over the counter placement only. Promo ends 24 August 2012.
Minimum Fresh Fund Individual RM20K
Minimum Fresh Fund Company RM50K

Based on above, average 3.7%


To see image above enlarged, and also my comments of FD Promos click here to my FD Page.

This post has been edited by Gen-X: Aug 1 2012, 02:25 PM

FD Musical Chair members and also not bothered with FD Interest Rates members, please report at Fixed Deposit Interest Rates in Malaysia V3