Didnt know that UOB allowed physical currency notes. All the while use Citi and Public bank. Any other bank allow physical notes?

tq

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Added on January 6, 2012, 1:02 amOn method 2 I did ask the UOB teller and she said cannot withdraw, top up and re-deposit as fresh fund.

Later that month I withdraw all my FD cash from another branch and went lunch with friend. After lunch my friend said why dont give it a try instead of coming back the next day to deposit. I was lucky, with different counter teller and she took it fresh fund


This post has been edited by gsc: Jan 6 2012, 01:02 AM

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Added on January 6, 2012, 1:22 amHa..ha..ha

You were lucky.. smart guy...

But what if you see the same teller again?
When she asked you:"how may I help you?"
Did you prepare what were you going to say..?

Ha..ha..



This post has been edited by BoomChaCha: Jan 6 2012, 01:27 AM

Do the online FD rate same with the rate if we do it over the counter? If not mistaken, we need to open savings account before we can do online transaction rite?

BTW, can I deposit my FD with OCBC Al Amin for the promo 3.8%? If I am not mistaken, I can't right?

This post has been edited by tifosi: Jan 6 2012, 10:14 AM

I think overall UOB rate is higher because OCBC only provide max 9 months for 3.8% p.a, so the effective rate is only 2.85% p.a. I'll go to UOB later

Yes, if you want FD for 12 months term.

2.85% cannot be the effective rate for the OCBC FD. After 9 months of OCBC FD you can take out the money and put it on another promo FD. For instance, if you place FD on 1st Jan on OCBC for 9 months at 3.8% and when the OCBC FD mature on 1 Oct and you can take out the money to place in another bank for year end FD promo say at 5% for 3 months. Then the effective interest rate you get for 12 months is 4.1%.

With UOB, you will lock your fund for 12 months at 3.75%. You can only place your fund for another FD after 12 months. For OCBC, you can use your fund for another FD after 9 months of maturity. If there is no promo FD after 9 months, you still ca go for affin 3.6% for a year and in this case you end up getting the same effective rate of 3.75%. But most probably there will be more promo FD in year end.

No, he is freaking rich

I think we can categories the people here as follows

FDMCG - FD Musical Chair Gamers


FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions


Anyone else want to be listed the clubs above?


haha, I also hoping got promotion throughout the year. But worst come to worst, we got Affin as back up

I definitely belong to this FDMCG - FD Musical Chair Gamers category too. Just that the existence of ASNB makes everything easier for me

You're the No.1 FD guru, that's why you have been given the honour as the Advisor

Aiyo..aunty sylille so "geng", one or 2 posts only, her standard of language immediately adopted by FD thread.

Yeow Kwee,
FD musical chair,
Atas
Bawah

I like gark's " Opportunity Fund" too.

I chose to deposit my AUD in UOB as they seemed to be one of the few banks that accept my physical currency.
I asked Public Bank before & they do not accept, only if you transfer to/from overseas is possible.

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Added on January 6, 2012, 12:57 pmYes, same rate as 3.6% p.a. for 12 months is the standard rate.
Correct, in order to qualify for online account, you need to open any deposit product besides FD.

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Added on January 6, 2012, 1:21 pmUnfortunately, I do not see the outlook as too optimistic as besides UOB, Ambank also revised the 12 months FD from 3.3% to 3.2% in September.
Also, AUD FD in UOB was also revised downwards last month from 5.2% to 4.55%
That was why I decided to put into UOB FD's 3.75%

Anyhow, let us check back after 3rd & 9th month..

This post has been edited by gchowyh: Jan 6 2012, 01:21 PM

No lah. You guys definitely know better. Last time i was quite active in searching for the best rates but not anymore now. I was also very fussy in looking for the best interest rate for savings account (found it > CIMB Air Asia Savers & M2U Savers). I even made a table to compare the interest rates from various banks. I don't do this anymore because there is no more money. So no point for me to search ups and downs which bank currently offers the best interest rate in town now Well, may be if things are good for me in the next few months, then i'll start to actively participating in searching for the banks offering the best interest rate again

Walao.. I am not freaking rich leh.. It is just that I derive majority of my 'interest' from other source rather than FD, so my FD fund is just temporary and can change from time to time. The only difference is risk factor only as I prefer to take higher risk for higher gain, so moving around money from one bank to another is too troublesome. But having said that, I do keep a large portion in FD to deploy when opportunities come.

So... I don;t belong to this FD club lar hor...

This post has been edited by gark: Jan 6 2012, 01:34 PM

Bro Gen-X,

The Bank Rakyat's Qiradth investment account is it a FD? Because it sounds too good to be true.

You lucky and privileged fella, with your funds in ASNB accounts, they are as flexible as savings account but earned double the FD's board rate.

just a note who might not have known,

OCBC currently opens on the first weekend (saturday) of the month from 9am to 3pm innm...so whoever that thinks that FD withdrawal during maturity from home branch is a hassle..you can now go back there during weekends to do your banking...i think thats a good initiative by OCBC.

Bank Rakyat offers very good FD rates:
http://www.bankrakyat.com.my/web/guest/125

I was wondering how reliable is Bank Rakyat?
Can we trust them to put FD there?

Yes. I do consider myself lucky as well. Some more i have "siang" aka chinese surname Interest rate for ASB is dwindling though And i heard AS1M is sold out even for Bumi portion. So even if i do have extra cash in the next few months, i will have to join all the folks here and haunt for the banks that offer the best promotional interest rate

I think this is not a FD, it's kinda islamic investment account..