Highest is still HLB at 4.3% for 24 months.
12 months is 3.7%

This post has been edited by aeiou228: Oct 14 2011, 05:53 PM

ops ! forgot about SCB 5%.

For 12 month FD, between UOB 3.8% and HLB 3.70%, I think is worth considering HLB flexi early partial withdrawal feature though at 0.1% discount.

Received a call this morning from HSBC.
Offering 3+1=4% for 3 mths FD with quite a rigid T&C.
http://www.hsbc.com.my/1/PA_1_1_S5/content...ing_1pc_tnc.pdf

If you calculate the effective interest rate,
3.20% 12 mths FD interest paid upfront is 3.3056%, about the same as 3.30% 12 mths FD interest paid on maturity. So, not much different if the deposit amount is not significant.

For 3.2% 12 mths FD with upfront interest re-deposit back @ 3.3% 12 mths FD with interest paid on maturity, the effective interest rate I calculated was 3.3056%. I can't get 3.4112%. Mind telling how you get 3.4112% ?
Yes, Affin 3.6% or HLB 3.7% any time better.

This post has been edited by aeiou228: Oct 26 2011, 11:41 PM

No catch whatsoever. One is interest paid upfront and the other is interest paid on maturity. Both effective return are the same at 3.30%

This post has been edited by aeiou228: Oct 27 2011, 03:17 PM

If you r a pening-pening type and the deposit amount is RM10K then I recommend you just go to any nearest bank to place the FD is the best for you. No need .

If you placed say RM100K from October, you can withdraw all your money even on 2nd December 2011 and get still get 5% for 1 day for the 1st December interest on 3rd Jan 2012.

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Added on December 31, 2011, 1:35 pmThe logic is, on 1st Jan which is Sunday, the interest is 0.60% for <RM100k balance. So it is a wise move to rentas the money out on 30th Friday for 3.5% FD. However the placement amount must be sizable enough to make it worth.



This post has been edited by aeiou228: Dec 31 2011, 01:41 PM

You missed out the citigold complimentary stay at Tanjung Jara Resort worth rm850 too.
http://forum.lowyat.net/index.php?showtopi...post&p=47887212


Great info for the OCBC promo. Tomorrow will go scb to transfer all funds to OCBC liau.

This post has been edited by aeiou228: Jan 2 2012, 11:24 PM

When customer service said to you wait till friday, that is because you asked him something that he has no knowledge of. But telling you to wait till friday is the safest answer for him to say but at the expense of you.

Well, he maybe right but I don't remember seeing any such condition in the T&C. So I trust the black n white T&C and my instinct to withdraw the money today and placed it in OCBC. Let see whether I will get the bonus or not.

Yala....1:1 ration of our Citigold fund must be in Trust Funds (excluding money market funds, AmBond Fund and AmBond Islam Fund), Retail Bonds, 3-month Australian/New Zealand Dollar Currency Time Deposit and Dual Currency Account.
Some more open for new to citibank customer only.

My limited banking knowledge can not brain CIMB T&C for the 5% bonus. Any one ?
.........incremental average daily balance (“ADB”) what_lau_eh..!!!

http://www.cimbbank.com.my/promo/bonus_int...nterest_ENG.pdf

Gee....!! now the computerized deposit system really canggih, can even compute and track this kind of interest payment to enable banks to put up a nice looking decor. Those days when I was in the banking line, the big main frame cabinet typed system can only compute simple half yearly savings interest and simple conventional FD interest. The bank can't have complicated and rigid T&C and the advertised rate is always the true rates you are going to get.

No la Bro, This morning I went to OCBC with the initial intention of placing fresh fund for the "Real Deals Premier 5% 3-month Fixed Deposit Promotion" But was turned down by OCBC because I'm already an exiting premier customer. They want new premier or new upgrade to premier only. So no choice, settled for the 3.8% 9 months.

Bro, I looked left right center, I still don't see I fit in to the above T&C Where got wor ?

Let's look at eligibility only.

At level 2.1, I pass, then proceeded to level 2.2, I'm already disqualified, can't even proceed to 2.2.1 or 2.2.2 etc.

Perhaps OCBC interpret Premier Banking upgrade as existing OCBC non premier customers upgrade to premier ??

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Added on January 3, 2012, 7:23 pmAlready asked my pretty RM this morning, she said can not.

This post has been edited by aeiou228: Jan 3 2012, 07:23 PM

In my case was different, I read the TnC first and I knew it from the beginning I'm not qualified for the 5% FD before going to OCBC yesterday morning. I pretended dumb and wanted the 5% from my "Atas" RM but she said can not. Then seeing so many customers waiting in the "atas" banking hall for the FD promo, I went down "bawah" and try "Gen-X" luck and see the bawah people dumb dumb or not and give me the 5%. But the bawah people also out-smart me by showing the printed TnC that I'm not qualified. So no choice loh, have to settle for 3.8%.

My opinion is that I think different people have different interest rate sensitivity, maybe for people like sylile, 1.90% interest increment is probably a free Ipad2 wifi every month. So worth it or not is very much depend on how much money you have in the bank account.
From her posting, I think she said she was only "yeow-kwee" (hungry-ghost) the 5%, not really bother about the priority banking thingy.

Exactly

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Added on January 4, 2012, 11:48 amGen-X bro, I re-read again the TnC,

From my persona shallow understanding, I think the 50% AUM clause 3.1.3 apply to:

1) New to ocbc premier customer

2) New premier upgrade from existing non premier OCBC customer.

There were no provisions supporting the new to OCBC premier customer getting full 5% FD.

So you are lucky to get the full 5% FD.

This post has been edited by aeiou228: Jan 4 2012, 11:48 AM

Incompetent indeed but can't blame them because promos keep changing, I think it is pretty hard to memorise all the rigid terms and conditions of every banking product. Normally, 1st day always confusing and a lot of mistakes incur then only they start taking a second look at the TnC thoroughly.
But incompetency also has its positive side, like we witnessed 2 of our forumers here getting full 5% FD due to incompetent staff.

Haha... sometime it's good also when they confused.... aiya don't know want to say or not .........we can corner them left right center until they do whatever we instructed.
Too well informed staff also no fun sometimes ..... like both the atas and bawah rejected me out right yesterday.

Oh...now i feel you. no wonder you said chasing after few % extra is a waste of time. A very valid point indeed.
But wait till you reach the level when it is no longer practical to split the FD into blocks of RM20k because it is so time wasting for you and the bank teller, you will know the significance of slightly few % interest.