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Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.
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gsc
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Nov 15 2011, 12:20 AM
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came across this excellent website on calculating average daily balance. We can use it to calculate interest earned. I havent received my statement from SCB and hence does not know the difference between this spread sheet versus SCB way of calculation. May be some members can check it out. http://www.ncnblog.com/2008/08/29/calculat...ee-spreadsheet/
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gsc
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Nov 19 2011, 03:00 AM
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how come cant track this topic?
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gsc
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Nov 19 2011, 01:02 PM
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QUOTE(ruffyfluffy @ Nov 19 2011, 07:45 AM) Now pinned already. easy to find. if track then I only check my in-box on any any reply
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gsc
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Nov 23 2011, 01:45 AM
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I dont have data to verify but just gut feel that Standard Chartered Bank 5% interest applies to average daily balance. Thus it may be better of to continue in other bank in Dec rather than take it out when mature and deposit into Standard Chartered especially when the amount deposited is extremely small compare to the existing amount.
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gsc
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Dec 7 2011, 02:21 AM
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QUOTE(gchowyh @ Dec 3 2011, 12:45 PM) Just wanted to check with those Standard Chartered account holders if they got their 5% interest bonus today yet or not. I opened account on 1 Oct till now I didnt receive any statement or email or e-statement. Today receive a call from Std Bank and asked me what is my email. I told her over the phone and she said I must drop in the bank to give the email address. WTF............................................................... (walau tak faham), eSaver and yet no e-statement or anything
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gsc
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Dec 7 2011, 12:51 PM
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QUOTE(ronnie @ Dec 7 2011, 08:03 AM) Did you open a SCB Online Banking account... the eStatement (Cosolidated) is available there. I dont think so. I walked in and open e$aver account to enjoy the 5% interest, deposit money on 1 Oct and Nov. Till now no update from bank
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gsc
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Dec 15 2011, 11:04 AM
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QUOTE(gchowyh @ Dec 7 2011, 03:38 PM) gsc, By right, from what I was informed when opening my e$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. Thanks for reply. Anybody know how to track this part of forum?
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gsc
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Dec 16 2011, 12:12 PM
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QUOTE(Dino168 @ Dec 16 2011, 11:59 AM) I received their reply thru email, when I as their customer service. We please to inform the promotional rate for Fixed Deposit as below : FD Tenure Promotional Rate 3 months 3.45% p.a. 12 months 3.75% p.a. Salient T&C: § Source of funds must be fresh funds. § Minimum deposit amount is RM10,000 and maximum is RM5 mil per customer. Have not verify, as my funds are only due for a few more days. Please help to confirm if you have time. Called UOB, rate as mentioned above. HLB promotion 6 mth - 3.5 %, 12 mths -3.85% The catch is RM10k must be locked in 4 mths in saving or current account (if deposit 10k to 199,999) OCBC 3mths - 3.5%
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gsc
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Dec 16 2011, 04:52 PM
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QUOTE(tifosi @ Dec 16 2011, 12:26 PM) Any catch for OCBC? Seems like a very good deal to me. Can't find any info on OCBC site. No catch. in the past UOB has been offering ard this rate. Just opened 3 mth and 12 mth FD. Added on December 16, 2011, 4:55 pmQUOTE(MilesAndMore @ Dec 15 2011, 02:29 PM) To track just this particular topic, you can click Track this topic. To track this section of the forum, you can click Subscribe to this forum  thanks. This post has been edited by gsc: Dec 16 2011, 04:55 PM
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gsc
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Dec 16 2011, 11:25 PM
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QUOTE(dreamerkid1986 @ Dec 16 2011, 10:35 PM) HI, newbie selling Hongleong assurance saving plan here. Like to ask if i put RM10000 for 3 month fix D, at interest 3 %, so how much will i get after 3 month?RM10300 or RM10000+ 300 interest x 3 month = RM10900? 10000 x 0.03 = 300 (interest for a year) Interest for 3 mth (estimate) = 3 x 300/12 mth = 75 10300 is incorrect coz 300 is interest for a year not 3 mth
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gsc
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Dec 19 2011, 02:52 PM
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QUOTE(justanovice @ Dec 19 2011, 11:47 AM) Seems fd promo (3 month @ 3.5%) is valid if u purchase any of their product? FD 3.45% for 3 mth, no need buy any product
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gsc
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Dec 26 2011, 12:49 AM
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QUOTE(zeist @ Dec 25 2011, 06:55 PM) UOB 3.75% is until Dec 2012? I approach OCBC few weeks back, their 3.8% only 9 months. Some are not 12 months tenure. Now I have two on list. Affin or UOB. promote end end of Feb 2012
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gsc
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Dec 28 2011, 12:18 AM
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QUOTE(ycs @ Dec 27 2011, 11:58 AM) do you mean that junior savings a/c is considered as CASA a/c as well? btw, how to qualify for HLB Priority banking? If not mistaken I did mention in my earlier post, 4 mths in saving account lock in. I tried to make an comparison with RM 150k in UOB and HLB and it turned up OOB is slightly better
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gsc
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Dec 31 2011, 01:21 AM
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QUOTE(MGM @ Dec 28 2011, 09:10 PM) Can we clear out our deposit (but leave a token sum behind) from SCB on 30dec and still earned the 5% interest(for 29 days) as long as the ADB is > rm3000? I think can but just want to reconfirm. iF not mistaken, to enjoy the 5% in SCB, the money has to be kept there till 3 Jan 2012 Added on December 31, 2011, 1:23 amQUOTE(justanovice @ Dec 30 2011, 12:14 AM) i moved my funds from SCB eSaver to OCBC 3 month FD - the receipt that I got is "GIA-I Fund" something... and no where in the FD slip says 3.5%... even though the teller told me it is 3.5%. weird... it only has a nisbah stating 20-80 I guess... anyone opened FD with OCBC? pls share if this is normal.. thx  if you opened SCB e$aver in Oct then the interest is 5%. Why move from 5% to OCBC 3.5% ?? This post has been edited by gsc: Dec 31 2011, 01:23 AM
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gsc
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Dec 31 2011, 12:23 PM
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QUOTE(ronnie @ Dec 31 2011, 02:02 AM) he said "I moved... - the receipt that I got is "GIA-I Fund." means he has moved and now only Dec 2011. He also mentioned "receipt" which meant he has moved This post has been edited by gsc: Dec 31 2011, 12:28 PM
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gsc
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Dec 31 2011, 01:23 PM
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QUOTE(lkcheng @ Dec 31 2011, 01:09 PM) SCB 5% promotion account is actually saving account. It is not FD and you can withdraw money during the promotion period while still enjoying the 5% interest as long as you keep your ADB in RM3k. I have withdrawn RM500 before in the promo period and still entitle the 5% interest. Their interest calculation based on ADB is pretty fair. You'll get what you suppose to get based on 5% calculation. If the guy left RM3k in his SCB promo account after moving his fund, he suppose to get the 5% for the Dec month unless SCB has any term to stop him. I can't find anywhere in their term states that we have to keep the money until Jan 3 2012 to entitle the Dec 5% interest. I called SCB cs just now also and the girl says we should still entitle Dec 5% interest if withdrawal takes place on beginning on Jan 2012. of course e$aver is a saving account and you can deposit and withdraw any time and still enjoy 5%. What I dont understand is the logic of moving out from 5% to 3.5%. May be something we have miss?
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gsc
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Jan 3 2012, 03:30 AM
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QUOTE(tbheng @ Jan 3 2012, 12:16 AM) Thanks Gen-X for the timely info. I have found the OCBC promo link as follow. It says the 9-months FD is 3.8%. (But it is still good.  ) http://www.ocbc.com.my/personal-banking/Pr...eal%20Deal.shtmI will go for this as well.  I know this forum is abt FD on local currency but I found on OCBC website the additional 5% on foreign currency board rate (FD) sounds good. NZ 1 mth interest 1.8875, +5% = 6.8875. After minus currency conversion abt 2.8%, net still get 4%. Aus dollar FD is the highest among all currency but it is written NA in OCBC website This post has been edited by gsc: Jan 3 2012, 03:31 AM
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gsc
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Jan 3 2012, 09:45 PM
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Went to SCB today at 330pm thinking of withdrawing the fund and bank into OCBC. Either the SCB staff is inefficient or ?? waited till 430pm then only my turn. Too late to take out as cash or inter-bank transfer through Rentas (hope I spell correctly). tomorrow have to go again.
In the evening received call from OCBC staff trying to promote the premium account. She mentioned only 50% deposited entitled to 5% interest rate. Example, out of 300k, 150k-5%, the rest either 3 or 9 mth promote rate.
But seems Gen X able to get all on 5% rate? Anyway will drop by bank tomorrow to find out more.
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gsc
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Jan 3 2012, 11:11 PM
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QUOTE(Gen-X @ Jan 3 2012, 10:39 PM) Bro, do you have or previously have an account with OCBC? If yes, that may constitute upgrade to Premier as pointed out by aeiou228
yes you are correct. hv account with OCBC before, the staff is trying to sell premier ac
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gsc
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Jan 4 2012, 10:03 AM
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QUOTE(sylille @ Jan 4 2012, 05:22 AM) Hi, I am new to this forum which I have been following for quite sometime. Want to thank you all for the very usefull info which helped to save a lot of legwork and phone calls when I need to 'pindah' my money from here to there:) Thought its time I do some community work too, especially some of you seemed to have been stumped or stung by this crazy OCBC 5% deal. So, here's my very loong and bizzare story with OCBC. Please bear with me. ..pe in the Premier Centre even bothered to come and help out or even say 'hello' despite me banking in more than the minimum to qualify for Premier status. I am glad that I can take out my deposits in 3 months time and I am sorry for them that the only permanent deposit they are getting from me is the one I left in their 'atas' washroom!! OCBC always capitalize on the higher FD rate to promote other products. They will always tell you there are other products which you can earn more. Unlike other banks just follow your instruction on FD opening.
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