Just opened and dumped in some cash in SCB SuperSalary account yesterday. The 5% is still available as of yesterday but I am not sure if it would last till the 31st of Oct or not.

The offer is valid till end of this month only and first come first serve basis (according to the bank). I advise you to open a SuperSalary account with them first and if possible dump in 3K if you have and when your FD at CIMB mature next month, move the money over there.

Btw, I like the service at SCB (DU branch). Beat the hell out of alot of banks.

Yes, monthly average balance of 3K.

ADB = Average Daily Balance.

Everything is the same actually. It is just that you will the interest upfront in cold hard cash and you can do more with RM 3200 on hand now rather than the full amount of RM 3200 in 12 months time like the conventional FD.

Maybe I did not elaborate it correctly.

By the same I meant, at the end of the day, you will get the same amount from the bank. It is either at the beginning or at the end of the tenure. RM 100000 + RM 3200

I was just trying to say in my last post that one could do more with cash in hand rather than cash so it is more beneficial.

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.

Any catch for OCBC? Seems like a very good deal to me. Can't find any info on OCBC site.

Normally they will credit on the 3rd based on my previous experience for the Nov and Dec month.

To get the 5% from OCBC, I need to open 3 accounts but do I need to open a premier account in order to do so? Can I just put into the normal FD, current and savings account? I don't have RM 300,120 spare change in hand unlike someone

Actually, I read your statement 3 TIMES before I commented. You made it sounds like we can get 5% with just opening 3 different products and by opening their Premier Banking Account, you get extra passport holder/"golden peaches" free gift only

Ahhhh, false hope for poor people like me

What if I deposit more than 750K? What are my interest for my RM 750000 to the max bank limit? Or did you mean someone needs to deposit in blocks of RM 250K to enjoy the 4%?

It is not very attractive if I deposit only RM 750K. The effective rate is only 3.33333%.

According to Gen-X, this offer is only applicable to those people that deposited > RM 1 mil during the SCB 5% Oct-Dec promo period. Maybe the CC did not know about this promo as this offer is only applicable to a niche target group. Maybe they will get a call from their RM personally. Who knows.

Edit: typo

This post has been edited by tifosi: Jan 5 2012, 12:56 PM

Oh, I read wrongly. It is eSavers account. Somehow I don't know why in my mind was playing the FD tune. Maybe reading too much on FD or because of your post

But I would still like to know what if I deposit more than 750K? What are my interest for my RM 750000 to the max bank limit? Back to normal eSavers interest I supposed?

I think we won't see an increase in OPR this year based on what predict. I also don't think they will lower it. Well, need to judge the 1Q then only we can get a clearer picture.

BTW, can I deposit my FD with OCBC Al Amin for the promo 3.8%? If I am not mistaken, I can't right?

This post has been edited by tifosi: Jan 6 2012, 10:14 AM

Just came back from OCBC DU in the morning. Not much people around and quite efficient I gotta say. Took the 9 months 3.8% package. They are open every first Sat and Sun of the month.

Did you meant weekends?

They open on first Saturday and Sunday of the month throughout the whole year.

The reason being, for the past 2 years, 4Q FD promo has been very attractive. Took abit of gamble, the 0.2% extra can't really make any difference judging by my very puny deposit.

Please read up before you click on the easy way out.



This post has been edited by tifosi: Jan 10 2012, 10:08 AM

I cannot

My EA form is already more than the maximum allowed income requirement How to cheat?