Rhb bank is now offering 5 percent on 3 month fd rate base on Rm 50k. Anyone here participated?

Guys, have u all heard of ING FD at 10% per annum. Is an insurance company and the sale rep says it's guarantee by BNM.

would like to ask. Beside cash or banker cheque can use to put on FD. Normal local cheque can use to put on FD or not (need to wait till clearance)

guys, I went to UOB for my housing loan and the banker told me about a savings plan.

Deposit RM10k per year up to 5 years.
Each year get RM1k.
From year 6 to year 30 (depending the duration of savings), get RM2k per year.
From year 6 onwards, get benefits something la.
So, after 30 years, total saving will be around RM180k+.

What kind of savings is this? FD? TD?

then i think its better to put the 40k in ASB cos i will get like 7.2%..so i will get rm2,880..

Definitely a big NO for me. I'm not fun to moving big pile of cash around.

quick question.
can i do this:

1. i put rm5k into fixed deposit for contract for 4 months
2. wait for 4 months to get 3% interest
3. withdraw it after 4 months, collect dividen
4. bank in again rm5k into fixed deposit, for 4 months
5. repeat all over again.

which means in 1 year, i can get 4% x3 = 12% in a year
am i correct? or i am too simple minded?

Ever wonder why it is free to withdraw in cash but via CO it will cost Rm2.15?

just checked my FD, it is at an interest rate of 4.15% for 6 mths tenure- OCBC...though i was told it is at 3.65%   wondering if it's more coz I am a staff, but then when i asked earlier, they said the rate is same at 3.65% regardless of staff or not...weird..but in my INB, it shows as 4.15%..

Hi guys,
Just want to ask a noob question.
Let say I open fix deposit for RM10k with 3.1% interest rate and 1 year tenure at 15/4/2012 .
However, I decided to witdraw 1 month later which is 15/5/2012. Do I entitle any interest or I have no entitle any interest rate as all?
Thanks.

True.. and I'm not sure if there's a penalty for earlier withdrawal either.

thanks for clarifying. im a bit smarter now

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Added on April 16, 2012, 9:00 amanyone can share excel file for fd calculation as i hv quite a number of fds. thanks

I'm interested in this, but how do I transfer my fund from the other bank to this? I heard using Banker's cheque, but I'm wondering is that possible to do it via GIRO? GIRO limit per day is 10k, but how about over the counter?

6. Any premature withdrawal of the Step Up Fixed Deposit is subject to the following:
  6.1 Customer will not be entitled to any interest from Step Up Fixed Deposit if it is fully withdrawn before the end of 3 months from its start date. If the interest for previous Cycles has already been credited into the Nominated CASA, the amount of that interest will be deducted from the amount withdrawn.

  Eg.  Mr. A places RM80,000 into Step Up Fixed Deposit. At the end of the 1st month, the total
        return for that Cycle of 3.25%p.a. is paid into his Nominated CASA. During the 2nd
        month, he withdraws the whole Step Up Fixed Deposit. The interest paid for the 1st month
        will be deducted from the Step Up Fixed Deposit proceeds. 

6.2 If the Step Up Fixed Deposit is withdrawn after 3 months from its start date but before its maturity date, the Eligible Customer will lose the entitlement to 50% (“Clawback Portion”) of the interest paid for the previous Cycles. The Clawback Portion will be deducted from the amount withdrawn.

  Eg.  Madam B places RM80,000 into Step Up Fixed Deposit. At the end of the 1st, 2nd, 3rd,
        and 4th month, the interest is paid to her Nominated CASA. During the 5th month, she
        withdraws the whole Step Up Fixed Deposit. Madam B is no longer entitled to 50% of the
        interest paid for the 1st, 2nd, 3rd, and 4th month. 

6.3 Where the premature withdrawal is only part of the Step Up Fixed Deposit amount:

(a)  Any partial withdrawal of the amount deposited must be in whole multiples of RM5,000.
(b) The undrawn amount remaining in the Step Up Fixed Deposit after the withdrawal must still be at least RM5,000.
© No interest will be paid on the partially withdrawn amount if it is withdrawn before the end of 3 months from the Step Up Fixed Deposit start date. If interest for previous Cycles has already been credited into the Nominated CASA, the amount of interest for the partial withdrawal amount will be deducted from the amount withdrawn.

  Eg.  Mr. C places RM24,000 into Step Up Fixed Deposit. At the end of the 1st month, the
        interest is paid into his Nominated CASA. During the 2nd month, he withdraws RM5,000
        from his Step Up Fixed Deposit. The interest paid on the RM5,000 for the 1st month will be
        deducted from the RM5,000 withdrawn. The remaining RM19,000 will still continue with the
        remaining Cycles and interest will be paid on it according to the remaining Cycles’
        respective Step Up Fixed Deposit interest rate.
   
(d) If part of the Step Up Fixed Deposit is withdrawn after 3 months from its start date but before the maturity date, the Eligible Customer will lose the entitlement to the Clawback Portion i.e. 50% of the interest paid on that partially withdrawn amount for the previous Cycles. The Clawback Portion will be deducted from the partial withdrawal amount.

Eg.  Miss D places RM28,000 into Step Up Fixed Deposit. At the end of the 1st, 2nd, 3rd, and
        4th month, the interest amount for each of those Cycles is paid to her Nominated CASA.
        During the 5th month, she withdraws RM10,000 from the Step Up Fixed Deposit. Miss D is
        no longer entitled to 50% of the interest paid on the RM10,000 in the 1st, 2nd, 3rd, and 4th
        month. The remaining RM18,000 will still continue with the remaining Cycles and interest
        will be paid on it according to the remaining Cycles’ respective interest rates
   
(e) The remaining portion of the Step Up Fixed Deposit will continue to earn the Step Up Fixed Deposit rates.

Isn't this promo only for 6 months? After the 6 month period, the rate will be changed to board rate?

Then it would not be 4%p.a anymore..it should be less than that..