No, RM 300K from Premier current account will get 0.5% per year;
while another RM 150 from FD account will get 5% per year for 3 months...

Bro, it is immaterial which branch I go to because it is applicable to all branches. Offer good until 31st March 2012.

Like I said , go speak to a RM, not anyone else because the offer (with RM1K into current account and RM20 into savings account) is only good for NEW Premier Banking Account. Most RM (if not all for all banks) will be more than happy to entertain opening of new PB accounts because all of them (maybe not the senior ones where they already got lots of customers) have monthly quota to meet on new PB customers.

Actually I didn't even know about the 5% and was looking at the 9 months 3.8%, as usual wanted a cup of coffee, so went and talk to a RM and was informed about the offer.

I had to sign many forms where one of them clearly stated that I'll earn 5% interest with opening of 3 products and the amount I deposited and the interest I'll be getting before the cert was to be printed out.

Now I understand the confusion, click below

http://www.ocbc.com.my/personal-banking/Pr...eal%20Deal.shtm

existing PB customer are also entitled to 5% FD but with different T&C and one of them is:

The maximum placement amount for eligible Premier Banking members is 50% of member’s Asset Under Management on the date of the placement (including the FD placement amount) or RM1 million whichever is lower.

Like I said, mine is NEW account. So Bro, best you go talk to a RM.

existing PB customer are also entitled to 5% FD but with different T&C and one of them is:

Now I understand the confusion, click below

http://www.ocbc.com.my/personal-banking/Pr...eal%20Deal.shtm

existing PB customer are also entitled to 5% FD but with different T&C and one of them is:

The maximum placement amount for eligible Premier Banking members is 50% of member’s Asset Under Management on the date of the placement (including the FD placement amount) or RM1 million whichever is lower.

Like I said, mine is NEW account. So Bro, best you go talk to a RM.

No la Bro, This morning I went to OCBC with the initial intention of placing fresh fund for the "Real Deals Premier 5% 3-month Fixed Deposit Promotion" But was turned down by OCBC because I'm already an exiting premier customer.  They want new premier or new upgrade to premier only. So no choice, settled for the 3.8% 9 months.

chief, i have read the link u have provided. perhaps you can look at clause 3.1.3?

3.1.3. The minimum FD placement under this Promotion is RM10,000 and maximum FD placement is 50%  of customer’s (AUM) on the date of the placement (including the FD placement amount) or RM1 million whichever lower.

the stack of docs which u have signed doesnt have this clause?

Bro, below is the link to the Terms and Conditions:

http://www.ocbc.com.my/personal-banking/Pr...ec2011%20V1.pdf

it is stated in Clause 2.2.2

Premier Banking upgrade refers to upgraded customer (existing mass / mass affluent customer) with top up / no top up so long as at point of upgrade, the customer meets the minimum RM 300,000 Asset Under Management (AUM).

and Clause 3.1.3

The minimum FD placement under this Promotion is RM10,000 and maximum FD placement is 50% of customer’s (AUM)

on the date of the placement (including the FD placement amount) or RM1 million whichever lower.

Therefore, it should be applicable to existing customers since the minimum deposit is RM10K.

Bro, still not too late, go withdraw tomorrow (cash if necessary) and have your wife and open new join account where she is the principal 
go read Clause 2.2.1

Bro, below is the link to the Terms and Conditions:

http://www.ocbc.com.my/personal-banking/Pr...ec2011%20V1.pdf

it is stated in Clause 2.2.2

Premier Banking upgrade refers to upgraded customer (existing mass / mass affluent customer) with top up / no top up so long as at point of upgrade, the customer meets the minimum RM 300,000 Asset Under Management (AUM).

and Clause 3.1.3

The minimum FD placement under this Promotion is RM10,000 and maximum FD placement is 50% of customer’s (AUM) on the date of the placement (including the FD placement amount) or RM1 million whichever lower.

Therefore, it should be applicable to existing customers since the minimum deposit is RM10K.

Bro, if still cannot, still not too late, go withdraw tomorrow (cash if necessary) and have your wife and open new join account where she is the principal 
go read Clause 2.2.1

2.2.1 talks about eligibility, ie for new customers like u. but u r still subj to clause 3.1.3. no?

Bro, I looked left right center, I still don't see I fit in to the above T&C    Where got wor ?

I get your point, if one was to read Clause 3.1.3. it did not specifically state that it is only applicable to existing customers.

All I can tell you is I got 5% for the full amount I deposited into FD. Like I said, go talk to a RM to confirm once and for all.

i already grilled the rm earlier, they kept saying 50% only. then they let me looked at the t&c. i donwan to put all the funds there and then later they come tel me this is what u sign so heres your reduced interest sum.

so did u get a slip with full 5% on the full sum?

Yes, 5% full sum. But based on what you mentioned above, there is a possibility I might get a call from my RM soon telling me she made a mistake  But I doubt it since I already got my cert.

From Clause 3.1.3, what I interpret is that assuming you have RM300K AUM with OCBC, you can deposit up to RM150K to enjoy the 5% interest but you still got to open two new accounts. Now, if you already got a current or savings account, you still can choose to open other products from the list.
hahaha, the terms and conditions confusing all of us. Just go talk to a RM for those who are eligible to open NEW account (which includes Joint Account with someone else being the Principal if you are already a existing PB).

2. Eligibility

2.1. The Promotion is open only to “Eligible Premier Banking customer(s)”,(defined in clause 2.2) who are individual Malaysia residents, Permanent Residents, non-residents*, staff of OCBC Bank, e2 Power Sdn Bhd and immediate families excluding corporate customers. *Subject to country of origin.

2.2. Eligible Premier Banking Customer(s) refers to Premier Banking new sign up and/or Premier Banking upgrade.

2.2.1. Premier Banking new sign up refers to customer with no product holding, has never had a deposit/investment/bancassurance account with OCBC Bank prior to sign up

2.2.2. Premier Banking upgrade refers to upgraded customer (existing mass / mass affluent customer) with top up / no top up so long as at point of upgrade, the customer meets the minimum RM 300,000 Asset Under Management (AUM).

2.3. To be eligible for the Promotion, customer must make a new placement in a 3-month tenured FD with OCBC Bank during the Promotion Period. If customer does not have an existing OCBC FD Account, the customer must immediately open the OCBC FD Account in order to be eligible for the Promotion.

2.4. Customers whose accounts with OCBC Bank have been suspended or terminated or who have breached any other agreements with OCBC Bank are not eligible.

Let's look at eligibility only.

At level 2.1, I pass, then proceeded to level 2.2, I'm already disqualified, can't even proceed to 2.2.1 or 2.2.2 etc. 

Perhaps OCBC interpret Premier Banking upgrade as existing OCBC non premier customers upgrade to premier ??

---

Added on January 3, 2012, 7:23 pmAlready asked my pretty RM this morning, she said can not.

Today went to SCB to withdraw my funds and was informed that they are going to offer 4% interest rate; but, my RM said she has yet to read the terms and conditions and therefore could not advise me.

Anyway, withdrew the funds from SCB and proceeded to OCBC and was surprised that they have promotion for new Premier Banking Account. So ended up opening a Premier Account with OCBC and getting 5% Interest Rate for my FD  Click here to read more about OCBC Premier Account which enjoy 5% Promotional Interest Rate for 3 months.

In the evening received call from OCBC staff trying to promote the premium account. She mentioned only 50% deposited entitled to 5% interest rate. Example, out of 300k, 150k-5%, the rest either 3 or 9 mth promote rate.

But seems Gen X able to get all on 5% rate? Anyway will drop by bank tomorrow to find out more.

---

Added on January 3, 2012, 7:23 pmAlready asked my pretty RM this morning, she said can not.

did you withdraw from scb using bankers cheque?

Bro, do you have or previously have an account with OCBC? If yes, that may constitute upgrade to Premier as pointed out by aeiou228