4% for 3 mth FD at OCBC during Mighty Saver Weekend.

This post was mentioned earlier by one member and I asked the bank and was told not true. however, a couple of weeks back, the bank staff said it is true.

1st Saturday & Sunday of the month is the mighty saver promotion period.

To eligible for the 4%, you either have to

1) open a mighty saver account for kid or
2) open a saving account or
3) open a current account

Last Saturday approached the bank and the staff said no. I insisted she checked it up and later she said yes. Another incident showing the staff DOES NOT know their own products.

I waited till I personally can actually opened the saving and enjoyed the 4% for 3 mths last Saturday, then only shared here because it will be embarrassing if it is not true.

Min FD placement RM10k and max RM50k. For existing FD customers, it has to be fresh fund.

Yes it's true, have confirmed with the person in the bank the other day. Also it's good to keep the Super Salary a/c thereafter as the rate is 1.5% for above 1k saving. I'm thinking to close my the other saving a/c in another bank.

Say FD rm10000 at 4.5% and SmartSaver rm2000(20% of FD) at 3%, average out
(10000*4.5%+2000*3%)/12000= 4.25%

Your calculation is based on equal amount on both FD and SmartSaver.

What is the HLB junior acc interest? What portion on FD and Savings? What is the effective rate, but I doubt it will be more than 4%?

Addition:

After checking the HLB website,
the effective rate from the promo is 3.9455%, based on FD rm10000 @ 3.95% and JuniorAccount rm1000 @ 3.9%.

Next time if you don't believe what is reported here and you cannot find any links and your funds are ready for immediate deployment, like I mentioned in post#1 call your nearest branch (you may also call 1300885000 or go to the branch) 

Anyway to update, I was surprised that for the Combo package, the savings accounts to be opened with are Smart Savers, Junior and Gold where these accounts pay relatively higher interest rates than normal Savings Account. I guess OCBC Promoting the Smart Saver which is a good move to attract new customer and like in Australia where they pay higher interest rates when one does not do any withdrawals.

The good thing of OCBC Combo over HLB is that one can deposit more than RM10K or RM50K and their banker's cheque cost 50% less than HLB, hahaha. Wait, OCBC banker's cheque is free (for some of us whereas some reported need to pay RM2.15)

Things u might want to know regarding the Savings Combo Promo,(info from CS):
You can only do withdrawal over the counter for SmartSaver acc (SS), no ATM card and chequebook.
You can only do one placement of FD, at the time u open the 2 accounts. Can't topup the FD later to enjoy the promo 4.5% again. Only way is to open another Combo accounts.
If u can't  bank in rm1000 into SS on the 2nd and 3rd month to enjoy the highest 3%, bank in at least rm50.
Promo from 1-7-12 to 30-9-12.

HI, can I uplift CIMB e-FD over the counter? The reason is, I want to transfer the money using banker's cheque FOC