No la..he said he gonna be MIA for 1 months. he will probably appear during CNY with 888888 stuffs 

Missing In Action 

88888 stuffs meaning anything to do with prosperity and lucky..CNY mah

No la..he said he gonna be MIA for 1 months. he will probably appear during CNY with 888888 stuffs 

If i recall correctly, at his money for luxury blog or credit card blog 

Was told by Affin you don't have to deposit the one million ringgit all at one go in order to enjoy the 3.7% promo rate.  Their normal savings rates, depending on the type of account, increase and decrease according to amount of balance you have in your account - http://www.affinbank.com.my/rates/ratesislamic.htm.  Now they are offering +0.33% to their normal rates.

For example, if you open a savings account now with RM100,000 you wil get 2.85% + 0.33 = 3.18% pa from 5 Feb to 31 Mar provided you did not withdraw anything from the account during that period.  However, since this is a savings account you are allowed to withdraw any amount anytime you like.  Let's say you decide to withdraw RM1000 tomorrow. The balance in your account will drop to RM99,000 and you will get 2.80%+0.33%=3.13% pa from 6Feb to 31 Mar.  So, you will have earned the 3.18% for only one day.

Conversely, if tomorrow you decide that you want to deposit another Rm900,000 into your account, which means your balance is now RM1 million, you will get 3.38%+0.33%=3.71%pa from 6Feb to 31 Mar provided,again, you did not withdraw any amount from the account until 1 Apr.

Thus, depending on how much you withdraw and deposit, your interest rate will flactuate according to the amount of your balance at the end of each day. Bear in mind that interest is calculated on daily rest.

I am familiar with Affin because I have an account with them and their service, at least in my branch, is superb.  They put the other banks RM to shame.  Even though I am not a PB customer, they constantly update me via phone on my account status and even give me a shopping voucher, dairies and umbrellas and even a CNY hamper without my asking for them! Their staff are so accessible and best of all, their CASA account earns relatively high interest and is a very flexible and convenient place for me to park my money while waiting for the music to start again in musical chair game 

up north over here it is also abit late this year, i just got the hamper today, not as good as last year's though. LAst year i rememeber it was worth RM200+ as displayed at EU Yan Sang .

Looking from the packaging outside -  Health Care energy Snack- Oat germ Cracker, Biogreen organic  raisins, Natural selected wild honey, organic soya bean powder?, organic cookies, Ten multigrains from careline organic..

Other banks giving CNY hampers?? I have savings with HLB, AMbank, MBSB aboutthe same, but never received anything for CNY.

MBSB give free gifts for FD deposit yes. Ambank and HLB nothing at all.

Glad that you find it helpful and I have not confused you further.

Ya, we can treat Affin's current promo as an FD promo if we want go fully benefit from the additional interst rate.  But the beauty Affin's promo is that it is a promo for Savings and CASA accounts.  We are not penalised if we withdraw from the account should a better promo from other banks becomes available at any time!

The Affin promo actually started on 1st Jan.  So, in effect it is like a 3 months promo.  if you are looking at a 3 mths FD and not the flexibility of having your funds not being tied up to the terms and conditions of conventional FD, then the OCBC promo is about the best around.  Of course, the restrictions of the Smart Savers is a bit of a bummer but it is still tolerable

The Affin account, even without the  promo, is good if you need your money for some short-term projects and you do not know exactly when or how much is needed.  I treat it as a revolving account and I don't normally park extremely large amount in it unless there is a need.  That's why I am impressed with Affin Bank - even when I have RM5000 balance ( which is most of the time) in the account, they still provide me full service with a smile.

Was told by Affin you don't have to deposit the one million ringgit all at one go in order to enjoy the 3.7% promo rate.  Their normal savings rates, depending on the type of account, increase and decrease according to amount of balance you have in your account - http://www.affinbank.com.my/rates/ratesislamic.htm.  Now they are offering +0.33% to their normal rates.

For example, if you open a savings account now with RM100,000 you wil get 2.85% + 0.33 = 3.18% pa from 5 Feb to 31 Mar provided you did not withdraw anything from the account during that period.  However, since this is a savings account you are allowed to withdraw any amount anytime you like.  Let's say you decide to withdraw RM1000 tomorrow. The balance in your account will drop to RM99,000 and you will get 2.80%+0.33%=3.13% pa from 6Feb to 31 Mar.  So, you will have earned the 3.18% for only one day.

Conversely, if tomorrow you decide that you want to deposit another Rm900,000 into your account, which means your balance is now RM1 million, you will get 3.38%+0.33%=3.71%pa from 6Feb to 31 Mar provided,again, you did not withdraw any amount from the account until 1 Apr.

Thus, depending on how much you withdraw and deposit, your interest rate will flactuate according to the amount of your balance at the end of each day. Bear in mind that interest is calculated on daily rest.

I am familiar with Affin because I have an account with them and their service, at least in my branch, is superb.  They put the other banks RM to shame.  Even though I am not a PB customer, they constantly update me via phone on my account status and even give me a shopping voucher, dairies and umbrellas and even a CNY hamper without my asking for them! Their staff are so accessible and best of all, their CASA account earns relatively high interest and is a very flexible and convenient place for me to park my money while waiting for the music to start again in musical chair game 

I was slapped with the RM10 stamp duty too.  Brought it up to the branch manager and they refunded me

Sorry, assumed you were aware that the promo does require a minimum of 20k to open the CASA account and in the case of existing customers, a top-up of the same amount in fresh funds is required.  I had no problem overcoming the fresh fund requirement by withdrawing 20k in cash and then immediately deposited the same amount back into the account. I am not so sure if we need to top-up 20k every month during the promo period.  If that is so (will check with the friendly staff at Affin tomorrow) I will most certainly do the same trick again.

Happy Chinese New Year 2013



And if you are wondering why I have not been posting, please click here and read post# 1655 at Credit Card Section.

Yesterday placed an FD and was told that the effective date is 13 Feb because of public holidays. Does this mean that when credit card is overdue over the public holidays, the interest will not be counted?

Ths unfair rule has to be intervened by bank negara to ensure a fair practice to the consumers.

My guess Ambank...

+1 and KFH @3.88 is still lower than OCBC combo final effective rates which is around 3.9xx% assuming top up of 1k for subsequent 2 months to the SmartSaver a/c with no withdrawal.