For my case, the banker's cheque by ocbc clears the same day because i use the same cheque for a new placement with UOB and it starts the same day as the issued cheque. Meaning, morning i withdraw funds from ocbc and put in banker's cheque and then i go over to uob and put a new placement using the same cheque. The new placement value date is the same day. So no worries on losing out 2 days to wait for cheque to clear before can be use as a new placement.

Going try my Musical Chair with OCBC Booster Deal.... unless an even better offer comes up

Thanks @ aeiou228. The OCBC junior saving account looks better than Public Bank. The Affin bank 3.6% is not saving account, but FD. Sorry for not elaborate clearly.

Would like to know, is interest earned from FD deposits tax deductible?

I save RM10000 in pbb FD for 3motnhs.
It matures until this month and I received letter from pbb yesterday.
The letter said that tell me to brind the letter to bank for withdrawal!

Is not FD automatically renew???????

Any comment on the AmBank MegaFD Enhanced FD?

An insurance linked FD that divide equal amount of fund into two separate scheme:
(1) MegaFD Enhanced FD, 15 months, 4.90%
http://ambankgroup.com/en/RatesFeesCharges...mentsRates.aspx

(2) AmAssurance (forget about the insurance part, just on $ return)
https://www.amassurance.com.my/src/html/am_...d_enhanced.html

Here is the situation:
My dad went to update some FDs and was talked into this scheme. The FD portion can be uplifted after 15 months, but the AmAssurance part can only be withdrawn after 6 years for some return. As can be seen from the example, if withdrawn within 5 years, guaranteed cash value is less than the deposited amount.

What made me angry was, the bank teller did not provide full disclosure on this product and said money back guaranteed and interest for the 6 years period is 4% (which is why my dad think it is a good deal, bank teller said today last day of promo somemore).

So I checked from the website and found there is nothing on the 4% thing. So I called the manager or some officer and found out that the 4% is not guaranteed, it can range from 3-4% and he mentioned something about return in dividend(?).

I asked whether I can get terminate the whole thing and get back full amount. Initially he said cannot, only about 14,200 of the 15,000 for the AmAssurance part but finally said can.

Any comment? Thanks.

Yaya, plan to go together. Will just place the money on normal 12 months FD @ 3.25%. Funds at ambanks are for emergency cases so the rate is acceptable.

Yeah, that is the trick. This one just say 4%, even handwritten for my dad but anyway lucky managed to find out earlier. So everything is good.
Dad not yet 75 but the extra insurance coverage for joint holder is new to me, thanks for sharing.

1% extra is definitely good idea  . But I don't get you    Opted for early retirement then join a bank ?    where is the retirement then 

wow.. that is nice. can get 1% extra. I will do that when I have 2mil and above in cash in future.. Gwod knows when la

My online fd with OCBC maturing tomorrow, and still not decided wat to do. Think deposit back at BR if no other attractive offer. OCBC online FD still on offer?

Oh..., I wonder how could this went undetected from all the FDMCGC members' radars? 
MBB seems keeping it rather tight...no ads no news... 
If I knew about this I would have gone for it in Jan rather than taking the ocbc 4% for 12mth...
1% extra for the entire year is a lot of diff... Quite pity about it...
Now, maybe can join in for a shorter duration...
Thanks to eugenecctan for sharing the news.

yah lah, wasting time with OCBC and UOB Promos, haha. but generally most of us do not go for Islamic promos. Last time OCBC GIA-i promo, many has reservations if the dividend are guaranteed.

Tomorrow is the maturity date for one of my OCBC Fd below RM50k, therefore thinking of transferring to my existing Smart Saver hopefully can get 3% for two weeks...

Do mind refreshing me about Online FD deals? I check recently and it showes rates at 2.85 %.. 
If not mistaken it should be 4.5%, am I right ?
However total amount plus interest does tally and is shown eventhough maturity date is tomorrow..

I already have savings combo, issue is if add deposit into savings combo now and withdraw existing RM from previous deposit, then it constitutes a withdrawal for that month. So wat to do..

Take a look at the sample calculation you attached.

Total savings is RM300K for 1 year.
Total Dividend earned is RM8,631.09 (3%) + RM4,883.50 (2%) = RM13,514.59 per year. 

A rough backward calculation, you will get the annualized effective rate of 4.50% (ignoring the 14 days late deposit in Jan).

Another way to look at it is picture no.2, where it stated clearly that only RM244,174.95 (Incremental Average Daily Balance) gets extra 2% dividend. NOT RM300K gets extra 2%.

And one more counter check you can do is, if it is 5% on the entire deposit balance of RM300K, then you should get RM300K x 5% = RM15,000 dividend per annum instead of just RM13,514.59 per annum.   

5% p.a. is correct only for RM250K deposited in the calender year of 2012 only.

HahahahahhahAHHA, if anyone here feel that I am trying to misleading them, sorry ya.
I am PMA-I owner for years, as I said, the rate is variable. the purpose for my sharing not to misleading anyone. It is to share a nice product.

Btw, do u ,meant this link -> http://www.maybankislamic.com.my/promo_get...ign-111230.html

It is stated very clear 3%, please blame Maybank ya for misleading, if you have the correct info.

Most probably the T&C was written by a lawyer.

again? I think last year this time they've similar promotion!

................SCB should have advertised - It's Good to get the highest average interest rate for FIXED DEPOSIT in Malaysia for 12 months tenure and protected by PIDM

My OCBC FD is expiring before month end. So now the best 3-month FD is HLB (3.95%) based on 1st page summary (not including OCBC since they need FRESH fund). Correct me if I'm wrong.