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 Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.

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MGM
post Jul 4 2012, 10:17 PM

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Things u might want to know regarding the Savings Combo Promo,(info from CS):
You can only do withdrawal over the counter for SmartSaver acc (SS), no ATM card and chequebook.
You can only do one placement of FD, at the time u open the 2 accounts. Can't topup the FD later to enjoy the promo 4.5% again. Only way is to open another Combo accounts.
If u can't bank in rm1000 into SS on the 2nd and 3rd month to enjoy the highest 3%, bank in at least rm50.
Promo from 1-7-12 to 30-9-12.


This post has been edited by MGM: Jul 4 2012, 10:25 PM
MGM
post Jul 4 2012, 11:10 PM

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QUOTE(Gen-X @ Jul 4 2012, 10:43 PM)
Bro, if you read previous post, it was mentioned until end September by ascend. Anyway, added to post#1.
Yes correct, the condition is NEW Savings Account like I mentioned yesterday. You will get monthly Statement by mail for the Smart Savers account. Wonder if you can do online transfer, which really makes no diff to me since I don't have online account with OCBC.

And yah to get more combo offer which runs till end September - need to open more savings account  doh.gif  e.g.  yourself, wife, joint with wife (vice versa?) or with kids or with parent
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You can do online transfer into SmartSaver account but not transfer out. and better to withdraw at the beginning of the month.
MGM
post Jul 4 2012, 11:34 PM

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QUOTE(Gen-X @ Jul 4 2012, 11:16 PM)
To add, make sure it is after 90 days for the Combo Promo.
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If done in July, shouldn't it be 92 days (31+31+30)?
MGM
post Jul 5 2012, 07:22 PM

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QUOTE(Weina @ Jul 5 2012, 07:15 PM)
OCBC Bank Mighty Saver Programme - Every 1st Weekend of the Month.

Is this applicable for single person ?
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Read from post 2165 onwards, and u will find better fd product.
MGM
post Jul 24 2012, 04:43 PM

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QUOTE(Happyman @ Jul 24 2012, 04:27 PM)
Just open 3 accounts with OCBC.

1.  50% funds 3 months FD 5% P.A
2.  50% funds 3 months FD 4.5% P.A, 20% from this 50% has to put in smart saver and get 3% P.A
3.  Saving Account

I think this is the best short term FD package.
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So what is the effective rate? Or can you disclose the figures so we can work it out?
MGM
post Jul 24 2012, 06:58 PM

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QUOTE(Happyman @ Jul 24 2012, 04:57 PM)
1.  RM95,000 5% PA RM1,187.50 interest
2.  RM79,166.67 4.5%PA RM890.625 interest
3.  RM15,833.33 Smart Saver, 3% PA, you have to deposit RM1000 per month to this account to get 3% PA rate, interest is directly deposited to this account every month.  No interest for the month if you withdraw money.  RM118.75

Total RM2196.87 or 4.625% PA
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So u put in a total of rm190000.
50% (rm95000) in 5%FD,
Another 50% (rm95000) is split into :
1. rm79166.67(83.3% of rm95000) @ 4.5%FD
2. rm15833.33(16.7% of rm95000, NOT 20% as u previously stated) into smartsaver@3%.

Better than previous offer which were just launched early July. Wow.
MGM
post Aug 1 2012, 11:22 AM

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QUOTE(1282009 @ Aug 1 2012, 05:52 AM)
Anyone received the RM300 cashback for the SCB promo in last May/Jun for the CASA a/c opening?
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My tracking period for the rm300 cash back promo is from 29-may to 31-july but the bank officer just told me not to withdraw until 29-Aug just to be sure. they can't understand their own TNC. Now need read up and bring the tnc again and go back to argue. Just hate this.
MGM
post Aug 1 2012, 12:11 PM

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QUOTE(stchan @ Aug 1 2012, 11:46 AM)
The terms and conditions clearly stated that "All cashback rewards will be credited during the month immediately after the relevant tracking period" which means any time from 1 August to 31 August (if your tracking period is until 31 July).

If the tracking period is until 31 July, I take it to mean that it will no longer be tracked after 31 July - that means can withdraw money from 1 Aug onwards.

The important thing is: you have to determine whether your tracking period is until 31 July or 31 August.
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Open acc on 29-5(Tues) with rm32700 and made a ATM withdrawal of rm50 and keep the balance until 31-July.
ADB from 29-5 to 31-7 is consistently rm32650. So satisfied all requirement to entitle for rm300 cash back in August. Should be allowed to withdraw most of the deposit from 1-8-12.
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