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 Fixed Deposit Rates in Malaysia V2, Read 1st post to find highest rate.

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ronnie
post Oct 30 2011, 11:31 PM

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Starting 1 Nov 2011, those with SCB Online Banking should keep an eye open for the first payout of the 5% interest promotional rate.

Do report in....
ronnie
post Oct 31 2011, 09:58 AM

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QUOTE(ycs @ Oct 31 2011, 09:08 AM)
do you mean to verify the interest payments?
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For the benefit of those without SCB e-Banking logon
ronnie
post Nov 1 2011, 09:00 AM

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QUOTE(wu ming @ Nov 1 2011, 07:00 AM)
CREDIT INTEREST / HIBA CR MYR2.22 for my SCB MYR4,500.00  deposit. doh.gif
Is it already kena tipu?
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This is only the normal eSaver month-end interest... wait a few more days for the 4.4% portion
user posted image
ronnie
post Nov 1 2011, 10:50 AM

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QUOTE(base7632 @ Nov 1 2011, 10:35 AM)
Standard chartered e-saver account:

What is the formula for calculating interest ?
ADB= Total day end balance / Days account opened in that month

Interest for the month = ADB*5%*(Days account opened in that month)/365

DAys account opened in that month = 8

I received an interest today Nov 1  of RM 53.47, appreciate if any insider could tell me if my formula is correct?

I can't seem to get what they are getting.
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The interest of RM53.47 is part of the normal eSaver interest. Refer to table above.
The 5% portion is NOT IN YET
ronnie
post Nov 3 2011, 02:22 PM

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Official T&C states 3rd working day.
I will call SCB if my promo interest doesn't appear on 4th Nov ;-)
ronnie
post Nov 3 2011, 11:00 PM

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QUOTE(wu ming @ Nov 3 2011, 07:41 PM)
Limited to first 20,000 customer only wor.
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SCB 5% FD rate is not limited to 20000 Customers lah... don't confuse

Go read the T&C : http://www.standardchartered.com.my/person...rpromo/tnc.html
ronnie
post Nov 3 2011, 11:36 PM

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QUOTE(wu ming @ Nov 3 2011, 11:24 PM)
Hi Ronnie. I was talking about the promotion for SCB online bill payment.
Anyways, let's wait for tomorrow 5%.
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Aren't you abit OFF-topic !!! We are in Fixed Deposit thread lah doh.gif doh.gif
ronnie
post Nov 4 2011, 10:52 AM

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My eSaver account shows the "Bonus Interest - October".
Correct calculation of 0.6% + 4.4% to yield 5%

Those with SuperSalary may need to call SCB CS to clarify the discrepancy. Possibly is the calculation of ADB
ronnie
post Nov 5 2011, 11:59 AM

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Confirm information from SCB 5% Promo Rate
1. The 5% is calculated : start from the transaction date of the cheque deposit (not cheque clearance)
2. The Bonus Interest would be addition to normal E$aver month-end interest.
3. Interest credited on 3rd working day, posted on the 4th working day.

This post has been edited by ronnie: Nov 5 2011, 12:00 PM
ronnie
post Nov 5 2011, 12:01 PM

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QUOTE(tifosi @ Nov 4 2011, 12:07 PM)
Mine also does not tally up. It is slightly more than 5% I think. For example if my interest for the 1.5% is RM 30, theoretically the remaining 3.5% should be RM 70. But it is not.

Maybe my calculation is slightly out because I deposited a few times into it during the month of Oct but I am sure is not flat rate 5%. Might be compounded 5%. Someone ought to calculate that. I am not very good at it.
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Make sure your calculation of Average Daily Balance (ADB) is correct.
ronnie
post Nov 8 2011, 10:24 AM

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QUOTE(activez @ Nov 8 2011, 10:03 AM)
Any other promotions from bank?

I need to park RM30k for November and December. Will need to withdraw in Jan 2012. Dont want it to lay idle in FD 3% pa  sad.gif
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You just missed the boat with SCB's promo rate.... Wanna add RM30k to my SCB account ?? ;-)
Try out HLB's promo FD rate of 3.8% but for 12 months
ronnie
post Nov 11 2011, 12:08 AM

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QUOTE(justanovice @ Nov 10 2011, 08:39 PM)
hi ronnie, so if i top up in the month of Nov / Dec, the top up amount is eligible for the 5%? account opened in Oct.
Coz somehow i read somewhere saying can only top up in Oct.. i might be very wrong.. thx
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Of course your top-up amount + base amount gets the 5% assuming the ADB for Nov & Dec >RM3000

Eg. October : RM10000, 1st November add RM10000
November's 5% promo will be calculated based on RM20000
ronnie
post Nov 29 2011, 02:07 PM

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QUOTE(soonlee33 @ Nov 29 2011, 09:40 AM)
maybank eFD placement now no need to wait for bank verification
sry if i repost  blush.gif
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As long as you have M2U logon and funds from your CASA, the Maybanks's eFD is automatically generated.
ronnie
post Dec 3 2011, 05:54 PM

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the SCB promo bonus FD rate will get within 5 working days after end of the previous month.
ronnie
post Dec 4 2011, 11:32 AM

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The e$aver Bonus Interest creditted on 3 Dec 2011 also.
Based on my calculation, the ADB for November was based on 30 days


This post has been edited by ronnie: Dec 4 2011, 11:33 AM
ronnie
post Dec 7 2011, 08:03 AM

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QUOTE(gsc @ Dec 7 2011, 02:21 AM)
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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Did you open a SCB Online Banking account... the eStatement (Cosolidated) is available there.
ronnie
post Dec 10 2011, 11:22 AM

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QUOTE(heavenly91 @ Dec 9 2011, 07:26 PM)
Wow? After all these hardwork I dun even get someone to praise me?
So sad sad.gif
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Calculate wrong also need to be praised ?
Can you paste the Excel sscreenshot also... so difficult to read.,
ronnie
post Dec 11 2011, 01:45 AM

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QUOTE(heavenly91 @ Dec 11 2011, 01:28 AM)
Bro, the rules state that no mlm scheme.
The no homework rule only applies for education corner.
Just admit you are not willing to share your knowledge.
This thread is made to discuss about fd so I have the rights to ask for guidance.
Or else this thread beats the purpose.
If you talking about shares maybe you won't want to share your secret but this is fd.
Even you know the kungfu the bank won't give you any privillege.
I duno what you will get by not sharing the knowledge but what makes you and me different is I have the guts to try and share it out while you don't.
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Use uncle google lah... we don't spoon feed info which are so simple where you learn in SPM
ronnie
post Dec 25 2011, 12:10 PM

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QUOTE(spiderwick @ Dec 25 2011, 10:38 AM)
hey guys, just to reconfirm SCB promo still got at 5%????
thank you!
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No more already ... brows.gif doh.gif
This Jan will be the last payout... drool.gif rclxms.gif thumbup.gif
ronnie
post Dec 28 2011, 11:25 PM

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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.
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Should be OK as long as Average Daily Balance more than RM3k in Dec 2011

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