It is very kind and considerate of you. We all have to give people a chance. after all we gained experience through making mistakes

Your nick suit you best maturity date is decided by you, you can't ask the people here. I wouldn't know when you want to place the fd and how long is your fd tenure.

ahahha.. i mean will the maturity date still fix to april 2012 if i put in the another RM 5,000. i believe i cant do that right?

yes, this is the counter staff told me

any idea how long this time its gonna be as the last 5% only for 3 months.

Apr 2012 untouch, 5k for 3 mths mature date in Apr 2012, then combine all 15k in Apr.

We cant suggest much coz do not know your 10k current interest rate, thus cant tell is it good to premature withdraw and move into other banks

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Added on January 5, 2012, 11:52 am I didnt ask coz if I do hv that much, it wont be in FD

This post has been edited by gsc: Jan 5 2012, 11:52 AM

my RM 10,000 interest rate during last year is 3.1% so it is not that much but i think it is a good choice to put the RM 5,000 to 3 months FD rate. After that, when can i switch bank to?

here is the latest on SCB offer.

eSaver Plus Account, for selected customer who had previously deposited RM1,000,000 in October, they will get special interest rate based on tiers.

First RM500K - RM3%

Next 250K - 4%

Aiyo, your are really the champion of all the noob questions in this FD thread.

You can switch bank when your FD maturity date is up.

Salute... Epic

OCBC best offer ends Mar 2012. We dont hv crystal ball to know what is Apr rate.

Option A
10k mature in apr, interest earned = 310
deposit 5k in RHB for 3mth FD, mature apr, interest = 40 (rounded up)
Total interest earned = 350

Option B
Withdraw now and deposit into OCBC for 9 mths at 3.8%, interest = 428 (rounded up)
Penalty on premature withdrawal ?? Call your bank and check. I guess you get only 232 on interest.

Better option is A. Hopefully better or similar rate are available in Apr

That's the best return so far for those category of people who placed FD in the blocks of RM200K each if there is no cap for the 4%.

This post has been edited by aeiou228: Jan 5 2012, 12:36 PM

I would like to get the facts straight for OCBC promo
So to get the 5% FD promo, we have to:
1. Deposit 300K FD
- 150K for 3 months at 5% interest
- 150K for 9 months also at promotional rate of 3.8%
Can we still quality for the 3.8% promo rate?
2. Open 2 other deposit products

So after the 3 months FD matures, we can take it all out?

Captain, you do not need to apologize, you have done nothing wrong
but you have made significant contributions here...

100% fund means:
we cannot put all our money straight into 5% FD rate,
but need to split 50% into 5% rate, and the rest of 50% into 3.8%
or 3.6%

Sorry for the confusion...

What if I deposit more than 750K? What are my interest for my RM 750000 to the max bank limit? Or did you mean someone needs to deposit in blocks of RM 250K to enjoy the 4%?

It is not very attractive if I deposit only RM 750K. The effective rate is only 3.33333%.

If I am not mistaken, 3.8% & 3.6% FD promo rates are opened
flexible to everybody, minimum placement is RM 10K.

I think to open more accounts can be done with your joint name
accounts, this usually not the problem...

Yes, you can withdraw your FD on the 3 months maturity date..

Captain knows OCBC FD 5% promo better than me.



This post has been edited by BoomChaCha: Jan 5 2012, 07:20 PM

Ya, more or less straight with addition you must sign up as premier customer. But after 3 months, don't withdraw all la, leave behind min RM200k to stay in touch with your RM ma.

When I called to SCB call center:
http://www.standardchartered.com.my/contact-us/en/index.html

They said they did not have this 4% FD promotion..???

Initially she got the quote's code wrong. So she used the blue color for her reply. And i just helped her to fix the quote's code, the rest is original


Some of you have just accidentally revealed how much you are worth... or worth at least Anyway, please ignore all PM asking for sensitive information such as where do you live, where do you work, your name etc.

According to Gen-X, this offer is only applicable to those people that deposited > RM 1 mil during the SCB 5% Oct-Dec promo period. Maybe the CC did not know about this promo as this offer is only applicable to a niche target group. Maybe they will get a call from their RM personally. Who knows.

Edit: typo

This post has been edited by tifosi: Jan 5 2012, 12:56 PM