Totally agreed with that view!

We now have to "work" to make money from banks

The Maybank Premier Mudharabah Account-i looks quite good - 5% dividend if > RM50,000 and no withdrawal for the month.

But terms and conditions not very clear.

Today at HLB to withdraw my children's FD, yes, HLB now charges RM5.15 per cheque! According to the Exec, this was implemented after they took over EON Bank and follow EON Bank's fee. Luckily I have Priority Status and therefore it only cost me RM0.15/cheque even tho the cheque in my children's name, save me RM15.

As for OCBC GIA-i, cannot have account joint with child, need to be 18 years and above. And UOB PB status now requires AUM RM500K.

This post has been edited by Gen-X: Feb 13 2012, 01:06 PM

Gen..thanks for confirming!!
Weird tho...i tot HLB bought over EON? WHy are they following EON's fee??
Sigh, this bank is..... too smart :/

now which the best bank to put for FD? SIFUS please advice

Guys for example if I wanted to take out 10k from HLB saving and deposit into OCBC Fixed Deposit. Whats the best way? I have no cheque book and is it better to do with bank draft?
I'll have to open OCBC bank account first in order to do this else can the bank draft been cleared at the same day visit?

Thanks sifu.

how much you talking about and for how long?

You can either withdraw cash or ask HLB to write you a cheque in your name and if will cost you RM5.15/cheque. You do not need to open an Account with OCBC first, take the cheque from HLB and go to OCBC and tell them you want to open new FD account and the FD will start on the same day (if it is during normal working hours).

25k,long term?

Define long term for your case. If 12 months and below, please refer 1st post. If 4-5 years, do a search on MBSB and Bank Rakyat.

Was in OCBC last wednesday opening an FD to enjoy the 9 mth FD rate. Saw the mighty saver and the staff explained to me it is for the kid. Seem she does not know her own product well otherwise I could have just took up the 4% rate......

When it comes to OCBC, it seems that we get different feedback depending on who we talk to. Like aeiou mentioned about banking software, and coupled with Terms & Conditions that is written to make it as vague as possible, I guess their staff also blur.

SMS from OCBC: Enjoy 3.80% pa on 9-months FD by 31st March. Fresh fund required, min RM10k.

Is this good?

Aiyo!!! But they don't really offer much for their Privilege Banking service compared to other banks.

UOB PB better than any other PB, free coffee and cold drinks for the entire family at their branch at Orchard Road PBB also need AUM RM500K and their CC no better than UOB's. UOB PB hall is usually crowded, too many people got PB Status. I guess with inflation, we can expect more banks to increase the required minimum AUM.

OT, I attended a dinner hosted by UOB just b4 CNY and the food was excellent, but I did not get the invitation, the person who was invited wanted a driver and I volunteered, hahaha.

Ya, thought it is only for children too but when bring me sonny to open account, no do because of birth cert ruling for trust account. That was when the officer said the weekend offer of 4% (3 mths conventional FD) available to adults too, provided they open a savings account too. The catch is if you already have a savings account, you cannot open another one. Since I already have an account, got round the problem by getting dear hubby to open a Savings account under his name and got the FD issued in joint names with me I got the FD slip showing 4% for 3mths. So, it is no mere hearsay that the weekend promo is for adults too.

OCBC was also very fair. Due to a mistake on my part, my cheque was not cleared and I had to re-issue another cheque. Naturally, the effective date of the FD cannot be backdated but they were kind enough to let me have the 4% rate despite the new date being a workday and the mistake was mine. With that OCBC salvaged back some of the goodwill they have lost through their earlier bungling with my accounts. The 'bawah' people (not the same young chap whom I avoided) also redeemed themselves this time around as my Mighty Savers weekend experience was serviced by them. I did not go to my RM after I got a rather curt and terse 'welcome' call from her. I'd rather call the hotline which sometimes give the wrong info but at least the CS are more pleasant.

Gen-X, think the hotline ppl gave wrong info. So far didn't see any consolidated statement from OCBC. I got only the FD statement, the format is as you described in your earlier post. Like yours, my statement shows that all of the 'problematic' FDs still tagged at 5%. Hopefully, the problem will turn out to be a mini windfall for the two of us and others who may be 'lucky' enough like us to get the really, really special rate!

I don't think OCBC PB issues Consolidate Statement like UOB and Alliance, because if they did, we would have received it by now. Also, I have yet to get my OCBC PB Debit card. I think sure we get as system already shows it 1.5 months to go and then got to find new promo again, hehe

Please please please don't


Which hotel ? They only invite those who recently bought some insurance, structured products, unit trusts etc. from them. Need to continue to be a "good" customer to them in order to get invited to all these fancy dinners


I wasn't aware there is a special OCBC Premier Banking debit card. I expect a picture from you mate (as soon as you get it)

The dinner at Oriental Banquet PJ, no need buy anything But it was not for PB but organized by their commercial banking.

Sorry Bro, my bad, not Debit card, ATM card

This post has been edited by Gen-X: Feb 14 2012, 09:43 PM

I called the Bank in Penang Beach St yesterday, the staff said only for kid, I asked her to double check as there may be a change in requirement, she straight away said NO CHANGE

I sms my RM, she also said the Mighty Saver dont offer to adult.....

OCBC - communication problem within the bank

Just like some members enjoy 5% for all the fund but the rest only 50% and need to have three products