I would admit SCB DU branch is good too, only issue is the parking. But if you are able to park at the houses behind SCB is ok.

Did a pretty girl service you while you were there? She was very helpful, deposited my cheque into the machine & created the online account on the spot.

Not me, I am using supersalary but got the remaining 3.5% in yesterday.
Based on my own calculation also, seems like is more than 5%.

ok, i think i got my own calculation wrong.

let's say I deposited the cheque on 10 October, I am supposed to calculate as follows:

5% X amount deposited & 22 days
----------
365 days in a year

Initially i thought to get the number of days for the interest is:
31 days in October - 10 October = 21 days

Just wanted to check with those Standard Chartered account holders if they got their 5% interest bonus today yet or not.

Today I checked SCB online account again & confirmed got it too.

gsc,

By right, from what I was informed when opening my e$saver account, you should be able to apply for the online banking account & get the username & password at the same time.

That is how I got my online account since I did not take the option of getting a ATM card.
If you have the ATM card, then you can create the online account at the ATM.

It would be best to visit SCB again so that you can register & ensure they have all your necessary details
Then they will give you a temporary username on the spot & a SMS will be sent to you with the temporary password for the online account.

The one credited on 3-Nov should be the bonus interest. On 31 October there should be a standard interest credited also

I am aiming for Affin Bank unless I can get a consistent higher rate elsewhere
Affin offers 3.6%

I think some people may have mention it before, I cannot seem to find on the website or on the promo page.
Anyhow, any conditions & what is the minimum amount to earn that rate?

I would like to get the facts straight for OCBC promo
So to get the 5% FD promo, we have to:
1. Deposit 300K FD
- 150K for 3 months at 5% interest
- 150K for 9 months also at promotional rate of 3.8%
Can we still quality for the 3.8% promo rate?
2. Open 2 other deposit products

So after the 3 months FD matures, we can take it all out?

Just a note to those who invest in foreign currency FD, UOB no longer allows deposit & withdrawal of physical foreign currency notes.

Yes they do, you can easily do FD placement using your online account once is created

With all this confusion on OCBC, I will go for UOB's promotional FD rate.

300k is alot to commit too.

I chose to deposit my AUD in UOB as they seemed to be one of the few banks that accept my physical currency.
I asked Public Bank before & they do not accept, only if you transfer to/from overseas is possible.

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Added on January 6, 2012, 12:57 pmYes, same rate as 3.6% p.a. for 12 months is the standard rate.
Correct, in order to qualify for online account, you need to open any deposit product besides FD.

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Added on January 6, 2012, 1:21 pmUnfortunately, I do not see the outlook as too optimistic as besides UOB, Ambank also revised the 12 months FD from 3.3% to 3.2% in September.
Also, AUD FD in UOB was also revised downwards last month from 5.2% to 4.55%
That was why I decided to put into UOB FD's 3.75%

Anyhow, let us check back after 3rd & 9th month..

This post has been edited by gchowyh: Jan 6 2012, 01:21 PM

Damn, now I'm tempted to move from UOB to OCBC pulak..

Just went to OCBC earlier.
Apparently, the difference between Islamic FD & conventional FD is that Islamic FD follows the current board rate. So now the board rate is 3.2% & OCBC tops up 0.8% to make it 4% for 12 months FD. If during the 12 months, Bank Negara revises the interest rates, the FD rate will also be revised but with extra 0.8%.

Can anyone confirm this?

Did you go to the DU uptown branch?

Anyhow, I went with the 9 months promo at 3.8% hoping by then there will be other promos to ride on.

80:20 is just an explanation of the profit sharing, but they will still pay 4%.

The customer service guy was very confident about the islamic FD interest rate not being fixed.
I wonder how can we confirm this since OCBC's officers ALWAYS seem to have different versions of the same product!

Thank you for your detailed explanation.
Is not about being convinced or not but now with your explanation I can now confidently debate with the customer service guy on your facts.

I have been reading about the many versions those OCBC officers give even for the Premier banking promotion so I was very confused. Because of that, I initially ignored OCBC & went ahead with UOB's 3.75% 12 months FD.

Yes that's right

I think in PJ, there is only 1 KFH branch in Kota Damansara right?
Kinda jam to go in there sometimes.