that's nice rate. thanks. minimum 1k?

can't seem to find the link from uob website

This post has been edited by ngaisteve1: Nov 6 2012, 06:21 PM

Anyone have idea in smart saver from Ocbc bank for IQ basic account?

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Added on November 7, 2012, 11:20 amQuite nice rate! Thanks for sharing

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Added on November 7, 2012, 11:22 amI ever read, bank who needed money urgently will give higher interest on fix depositor . Bank who have lots of money will give lower interest. Izzit true?

This post has been edited by wenching87: Nov 7 2012, 11:22 AM

I hereby reconfirm the above rates for the 3 & 12 months FD Promos are correct as of 7 November 2012. However the minimum Fresh Fund is RM10K (which has always been the case for UOB FD Promo).

To see more current Fixed Deposit Promotions, please click here to visit my FD PAge at my blog OR goto Post#1.

This post has been edited by Gen-X: Nov 7 2012, 12:03 PM

I realize the 'best' rate is to put at full flexi current account, got 4.2%. Interest is daily, so can take out money when emergency also

This post has been edited by ngaisteve1: Nov 7 2012, 01:29 PM

Which Current Account offers 4.2% p.a. ?

when is the due date for UOB FD promo?

UOB Promo FD ends on 14 Dec 2012

it is not FD rate. Example if you have RM300k loan, and if BLR is 6.6% and bank offer -2.4%, so the interest bank charge is 4.2%. But if you money say RM20k to dump into that current account, bank will give you back 4.2% for that RM20k. So, it is indirectly 4.2% p.a. Am i right?

You are funny....

if not correct, please tell me ya. i am just a rookie.

In that case you better ask bank charged you 6.6% so you can earn 6.6% or better still ask for BLR +2.4% for your flexi loan

hahaha, this is a good one.

There is a difference that called save interest vs earn interest.

Ya, become contra only at current account

Fuyoh....you are a brilliant investor ! Potential to overtake those wall street genius ! Thanks for sharing the idea

If like that all the banks would go bankrupt and it's going to be end of the world already... kekekke

I think ngaisteve1 is talking about instead of placing 20k in FD earning 3.x%, might as well use the money to cover up the flexi loan account Interest at 4.2%.
His rm20k "yields" better in flexi account than FD account. A sensible move indeed.

20k extra,never do any investment,considering put in fd..any suggestion??

This post has been edited by whereis the love: Nov 8 2012, 09:05 AM

i was feeling down this morning after argueing with someone

you just made my day

i did not know people like you exist

ngaisteve1 just hit the right note..

Musical chairs player should fall into two categories:

1. Short term players who may need the funds for other investment or needs.
2. Long term players with almost no outstanding loans or debts or temporary parking of funds.

It does not make sense if depositors with outstanding debts/loans concentrate on FD solely for the returns if they have outstanding debts with banks. Its just common sense though it was not properly phrased..

For those with flexi mortgages, its better to deposit in it rather than FD.. good thinking by ngasteve1..

This post has been edited by magika: Nov 8 2012, 10:31 AM