So my MC stops at OCBC 3 months promo

Min 10k in FD and require 20% of FD amount in Saving Account. - Not exactly 80/20 which i was thinking (Didn't read properly)

4% P.A. for FD

2.5% P.A. For SA if deposit less than 49.99/month
2.85% P.A. for SA if deposit less than 999.99/month
3.0% P.A. for SA if deposit more than 1000/month

Any withdrawal from SA - 0.50% P.A. for SA.

Welcome back. I was trying to find what are the best 3 products sign up in your prioprity banking blog. But couldnt find it. May be I went into wrong site?

Was told by RM, ocbc Klang still give gift if you recommend friend to be their premier account holder. She told me last week but now already Nov, not sure is it still going on.

I guess you are referring to OCBC Premier Banking new sign up for the 5%. It was previously posted at my Fixed Deposit Page at my main blog but I have moved it to my new blog called Fixed Deposit Malaysia : www.fixeddepositmalaysia.blogspot.com where I can expand on my thoughts and share details of FD Promos. And the info you are looking for is in my article OCBC Booster Deals

thanks. saving combo plus saving account. in your step two, should be 25k deposit into smart saver not 12.5k

H, Every Sifu & Senior teacher,

hehe, i am new here, can I know is it any different between PMA-I & PMA? My existing current account is PMA (based on i view in maybank website when I want to see my balance)

My existing amount of PMA account is 50K above...so is it I can get the 4.5% - 5% return?

the additional 2% only will return after DEC 12?

Thank you very much if any Sifu/teacher can give me answer..

your are welcome and you are right, my mental calculator must be screwed up, hahaha. Thanks

This post has been edited by Gen-X: Nov 1 2012, 07:14 PM

Hi, all the sifu.
Whats the risk of foreign currency fixed deposit?

biggest risk is exchange rate loss. Just look at any bank on the foreign currency exchange rate on buying and selling. Buy now and sell immediately will cost you 2.7% tp 3%. Currently only Aus $ interest rate is slightly better than local interest rate. Earlier RM advised to go in when Ringgit to AUS$ was 3.15 but I didnt.

I see. so for example when i deposited at RM3.2/1AUD, I can only earn when it is above RM3.2/AUD?
And what about fixed deposit works?
If I deposit RM10000 for 3months at the rate of 3.0%, i get back RM10900 after 3months?
Thank you for your time

There are 2 rates, when you change to AUD at RM3.2 and if you wish to change back to RM at that instance, it will be 3.17 or so which is lesser. There is a risk there as Aussie do fluctuate now and then (I deal with forex in my work and there has been time it go below 3.1 and come up and go down)

the rate is per annum (12 months)

you will get 10000 + (10000 x (3/100) x (3/12)) = 10075

For 12 months at 3% only get you 300.

I see.
If I only deposit RM10k for 1month at rate of 3.0%, I'll get RM10300 at the end of the month?
Public Bank FD rate

below 3.1? happen this year?

The interest calculated is based on days. 10000 x (3/100) x (30+31+30)/365..... assuming Nov (30), Dec (31)....

yup few months back - my rates are filtered by the accounts / finance side so i don't really know the accuracy but there were a deep dip

---

Added on November 2, 2012, 12:28 amno...3% is per annum i.e. per year

per month is 3%/12 months = 0.25% per month

One year you get 300

One month you get only 25

This post has been edited by bearbear: Nov 2 2012, 12:28 AM

Hi, I am neither a sifu nor a teacher...but just to share my finding and understanding...
I had open the PMA acct 2 days ago.
According to the MBB teller, both PMA and PMA-i are the same acct and will get the 2% special dividend (if you meet all the tnc).
Refer more details HERE and HERE
When did you open your acct?
It is showing as PMA in my maybank2u.
Special dividend only payable by 14 Jan 2013.
I had verify the above with MBB.
You should also call MBB call center to clear your doubts, and share with us your findings.

This post has been edited by tbheng: Nov 2 2012, 07:55 AM

Hi Tbheng, Thanks for sharing your info. Now I more understand. I open this account last 2 years but totally dont know got this kind of return. After view this forum, only know my current account got this kind of return.. I am so blur..

Thanks again and have a nice day all sifu here..

You are welcome...we are all here sharing info.

As in my earlier post 2 day ago, do check with your branch as I was told by the teller that if you top up RM3k and above, you get a free passport holder, valid till end of Dec 2012.
I should had open my acct on 1st Nov rather than 31st Oct.
Was also a bit confuse about their full month interest calculation.

Thanks for info. I also not really know how to calculate the interest rate ...hehehe

just a question, let's say i put X amount as FD for 1 month and before that 1 month, i got emergency and need to withdraw money is there any penalty?

100% got penalty - you will get your capital but no interest.

What you should do is split the amount you have to several FD certs to minimize any damage. Example, you have RM10K, you can split it to 2 FD cert RM5K each.

This post has been edited by Gen-X: Nov 2 2012, 06:23 PM

means only lose the interest only right? no other penalty?

splitting into 2 cert is a good idea!