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Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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ronnie
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 Nov 1 2011, 10:50 AM
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QUOTE(base7632 @ Nov 1 2011, 10:35 AM) Standard chartered e-saver account: What is the formula for calculating interest ? ADB= Total day end balance / Days account opened in that month Interest for the month = ADB*5%*(Days account opened in that month)/365 DAys account opened in that month = 8 I received an interest today Nov 1 of RM 53.47, appreciate if any insider could tell me if my formula is correct? I can't seem to get what they are getting. The interest of RM53.47 is part of the normal eSaver interest. Refer to table above. The 5% portion is NOT IN YET |
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base7632
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Nov 1 2011, 10:56 AM
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New Member
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QUOTE(ronnie @ Nov 1 2011, 10:50 AM) The interest of RM53.47 is part of the normal eSaver interest. Refer to table above. The 5% portion is NOT IN YETThanks Ronnie! : ) |
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lkcheng
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Nov 1 2011, 12:29 PM
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QUOTE(ronnie @ Nov 1 2011, 09:00 AM) This is only the normal eSaver month-end interest... wait a few more days for the 4.4% portion  Thanks for the explanation. I though I kena tipu already also. Made a top up on 31 Oct, let see if I got the interest for the top up amount as well. |
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soul2soul
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Nov 1 2011, 04:32 PM
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Some countries are easing monetary policies... do you think BNM will decrease FD rates again?
I think I better lock in for 6 months or 1 year...
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guanteik
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Nov 2 2011, 07:15 AM
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QUOTE(soul2soul @ Nov 1 2011, 04:32 PM) Some countries are easing monetary policies... do you think BNM will decrease FD rates again? I think I better lock in for 6 months or 1 year... Answer is either YES or NO, because BNM is really unpredictable. |
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soul2soul
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Nov 3 2011, 08:57 AM
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maybank has some promotion.
Minimum is 20K .. 4 months deposit 3.3325% pa effective rate. Check the local maybank branch to confirm.
1st and 2nd month - 3.1%
3rd month - 3.25%
4th month - 3.88%
Effective rate is 3.3325%
Please walk into your nearest Maybank branch to ask for more details.
This post has been edited by soul2soul: Nov 3 2011, 09:56 AM
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wu ming
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Nov 3 2011, 09:28 AM
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QUOTE(nomen @ Oct 31 2011, 01:50 AM) According to the T&C interest payments will be calculated at the end of each calendar month and credited into the Promotion Account on the third working day of the next calendar month. 3rd working day already. Nothing happens. |
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base7632
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Nov 3 2011, 10:28 AM
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New Member
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QUOTE(wu ming @ Nov 3 2011, 09:28 AM) 3rd working day already. Nothing happens. Can't find any indication on when it will come in exactly though. |
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lkcheng
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Nov 3 2011, 02:16 PM
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SCB is a reputed bank. I'm sure they will give the interest soon. Anyway, they have a new promotion for online bill payment. 20% cash back cap at RM100. Nice way to earn extra.
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ronnie
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Nov 3 2011, 02:22 PM
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Official T&C states 3rd working day.
I will call SCB if my promo interest doesn't appear on 4th Nov ;-)
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wu ming
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Nov 3 2011, 07:41 PM
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QUOTE(lkcheng @ Nov 3 2011, 02:16 PM) SCB is a reputed bank. I'm sure they will give the interest soon. Anyway, they have a new promotion for online bill payment. 20% cash back cap at RM100. Nice way to earn extra. Limited to first 20,000 customer only wor. |
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ronnie
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Nov 3 2011, 11:00 PM
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QUOTE(wu ming @ Nov 3 2011, 07:41 PM) Limited to first 20,000 customer only wor. SCB 5% FD rate is not limited to 20000 Customers lah... don't confuse Go read the T&C : http://www.standardchartered.com.my/person...rpromo/tnc.html |
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wu ming
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Nov 3 2011, 11:24 PM
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QUOTE(ronnie @ Nov 3 2011, 11:00 PM) SCB 5% FD rate is not limited to 20000 Customers lah... don't confuse Go read the T&C : http://www.standardchartered.com.my/person...rpromo/tnc.htmlHi Ronnie. I was talking about the promotion for SCB online bill payment. Anyways, let's wait for tomorrow 5%. |
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ronnie
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Nov 3 2011, 11:36 PM
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QUOTE(wu ming @ Nov 3 2011, 11:24 PM) Hi Ronnie. I was talking about the promotion for SCB online bill payment. Anyways, let's wait for tomorrow 5%. Aren't you abit OFF-topic !!! We are in Fixed Deposit thread lah  |
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wu ming
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Nov 4 2011, 10:07 AM
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QUOTE(ronnie @ Nov 3 2011, 11:36 PM) Aren't you abit OFF-topic !!! We are in Fixed Deposit thread lah Hahaha. Sorry Ronnie. I was replying to a poster message here. By the way, the 4.4% portion is in.  |
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ascend
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Nov 4 2011, 10:10 AM
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Getting Started
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SCB 5% bonus interest for esaver/supersalary has already been credited. Seems like they did a wrong calculation (more interest than i expected). standard supersalary interest=1.5% plus bonus 3.5%.
This post has been edited by ascend: Nov 4 2011, 10:15 AM
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thom_chai
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Nov 4 2011, 10:17 AM
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QUOTE(wu ming @ Nov 4 2011, 10:07 AM) Hahaha. Sorry Ronnie. I was replying to a poster message here. By the way, the 4.4% portion is in. QUOTE(ascend @ Nov 4 2011, 10:10 AM) SCB 5% bonus interest for esaver/supersalary has already been credited. Seems like they did a wrong calculation (more interest than i expected). I have the SCB Supersalary 1.5% credited to my acc earlier. But now i only get around 1.29% bonus interest instead of the remaining 3.5%. Anyone here experiencing the same thing? |
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lkcheng
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Nov 4 2011, 10:34 AM
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Checked my eSaver account and got full interest credited.
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ronnie
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Nov 4 2011, 10:52 AM
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My eSaver account shows the "Bonus Interest - October".
Correct calculation of 0.6% + 4.4% to yield 5%
Those with SuperSalary may need to call SCB CS to clarify the discrepancy. Possibly is the calculation of ADB
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gchowyh
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Nov 4 2011, 12:01 PM
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QUOTE(thom_chai @ Nov 4 2011, 10:17 AM) I have the SCB Supersalary 1.5% credited to my acc earlier. But now i only get around 1.29% bonus interest instead of the remaining 3.5%. Anyone here experiencing the same thing? Not me, I am using supersalary but got the remaining 3.5% in yesterday. Based on my own calculation also, seems like is more than 5%. |
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