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I just went to SCB and took up the 5% step up FD promo on Monday. The pretty consultant said I was the first customer who walked into the branch and bought the product I teased her to give me free gift, she smiled beautifully and then she said give me cash back instead

Oops, the scb step up promo is subject to a maximum rm100k fresh fund only.

What's the rate like?

Plz help me on this issue :

The rates paid based on monthly or per anum ?

Lets say i put 1000 and the rates is 3%

Will i get 3%x1000 or 3%x1000/12 ?

Based on my understanding of the terms and conditions and my calculations, I'm going to do the following:

6-May: Deposit RM11,500 into my existing SuperSalary account (the earliest I can deposit the money since I only know of this scheme now)
22-May: Deposit RM25,000 into my existing SuperSalary account (a bit short on cash now, will get the RM25,000 by 22-May)

Some time in May, I will make a RM10 withdrawal via ATM.

Then I think I will satisfy all the conditions for the RM300 cash back.

Add the RM300 cash back to the 1.5% I will earn from the SuperSalary account, it's roughly equivalent to a total interest rate of 5.45%.

Wonder if there's any flaw in my calculations?

i said simple n sure boh..

assume u deposit RM36,500k on first of May = 31 days =ADB = RM1177.00 only mah

Assume you do not take out any funds
1-May : Day End Balance = RM36500
2-May : Day End Balance = RM36500
3-May : Day End Balance = RM36500
4-May : Day End Balance = RM36500
:
:
31-May : Day End Balance = RM36500

Total Day End Balance = RM1,131,500
ADB = RM1,131,500 / 31 = RM36,500 (which meets the required ADB value in the T&C)

Assume you take out RM16500 funds on 3-May
1-May : Day End Balance = RM36500
2-May : Day End Balance = RM36500
3-May : Day End Balance = RM30000
4-May : Day End Balance = RM30000
:
:
31-May : Day End Balance = RM30000

Total Day End Balance = RM943,000 ADB = RM943,000 / 31 = RM30419.35 (which meets the required ADB value in the T&C)

If you have mastered the calculation, then you know you don't have to put in RM30k ++ immediately to get the maximum rewards. Just make sure you satisfy their criteria in first month and then you can deposit more in later.

For new casa account, what you wrote is correct - to earn that RM300 cashback.

For existing casa account, putting in rm30000 starting from today will yield an IAB of rm28696 (thereabouts), which only entitles you to rm200 cashback (equivalent to 2.77% return pa).

shouldnt it be minus baseline , for the whole period. 

I transfered some fund For FD purpose using Banker's cheque and the bank staff said that it requires a few day to clear and I can only collect the FD certificate then. Time was around 3.30 pm. Is this the norm?

Bank Rakyat. The staff said that the starting date will be according to today's date, but I will check the cert on Tuesday to make sure it is correct.

The only proof I have for the FD deposit is a normal deposit slip stating the amount, FD period and date.

I suspect the 'example' is INCORRECT, because SCB would in effect (foolish) be giving out 6.1% pa interest.

Example 2 Mrs B (new casa customer). This examples uses a tracking period that does not conform to 3 months (May-July, June-August). In effect, this example goes against the clause 4.10 (the tracking period)

c. perform at least one of the following transactions from any of their Ringgit Malaysia personal current or savings accounts with SCBMB or SCSB during the relevant Tracking Period:
i. online bill payment, or
ii. cash withdrawal via automated teller machine (ATM), or
iii. a purchase transaction using a debit card.