Why not read back all that has been said and recomended? Kinda lazy keep repeating always..

It does make sense

2 things :
a. Yes, one needs a larger amount to get the extra % (my guess is >500K)
b. Mode of approval is, the branch manager makes the first call within his authority level. If customer wants more, then they will have to check with their state HQ.

My 2 cents.

Ok I'll take some time and have a look at it, may be I'm missing something.

Well this's the 1st time that I heard about 500k min requirement, as I said someone on previous post did get the offer at 4.11% for just 100k, not 500k. And the staff didn't even bother to go to manager room and ask for that, he seems like not interested to deal with me, so I just gtfo loh.

Just to save you a bit of time. Not all counter staff are friendly. So get the rate brochure, contact the officer concerned by telephone, then go from there.

Ok will do, thz.

Wow, that makes a lot of us envy you !! Another new "high" FD rate from BR !!

I was able to get 4.06% only last time !! Though gift wise have got 4 items from them before.

This post has been edited by bbgoat: Dec 4 2012, 06:43 PM

I dont think many people can get it though, depends also on how willing the manager is willing to accomodate.
Plumberly pointed me to 4.1%, i got the extra 0.1% from introducer side. I do think if can get 4.06% also is fair enough unless deposit substantial sum or good deposit history with them.

Next month if free, I like to look into MBSB as advertised rate is not bad.


This post has been edited by magika: Dec 4 2012, 07:08 PM

Are you saying need >500k to get 4.11% or 4.11+0.1% ? Please clarify. Thanks.

Just curious, ocbc saving combo tied together ss with fd. When you said withdraw from ss means you withdraw from ss while your fd is still not mature?

My ss account show some money termed as available for use. I checked with the bank and was tod that if I withdraw that "available" money, the interest rate is only 0.5% for that month.

SmartSavers is just any other savings account.... you can withdraw any amount (except for amount earmarked for the promo Booster Deal).
Any withdrawal from SmartSavers will result in lower interest rate for that month for SmartSavers account only... doesn't affect FD side

Earlier ss and fd were not linked in the sense that you can open fd and ss today and tomorrow withdraw ss and the fd rate remained unaffected. Ocbc later changed the rule that the 20% in ss has to be kept for 3 months.
If ss can be withdrawn without affecting the fd rate, then the 4% rate for three months is very attractive.

Quick report on OCBC FD rate:

Old Rate
OCBC Bank - 2.85%, 2.95%, 3% and 3.10%
New Rate
OCBC Bank - 2.75%, 2.85%, 2.90% and 3.05%

on UOB FD Upliftment Bank Cheque Fee:
If the cheque issued with the same person name(s) as the fd, no charge is applied.

This post has been edited by henleong: Dec 6 2012, 03:41 AM

My deposit maturity date is middle of the month. If withdraw smart saver together with fd at maturity means it is a calender month withdrawal, smart saver funds for that month rate will be reduced to min rates. So letting it run until end of the month or 1 st of folowing month. Complicating matters is my online FD mature also atmiddle of the month , so transferred it to smart saver. I do have OD facility, but unfortunately didi not know how to take advantage of it as smartsavers can only be withdrawn on 1 December(saturday).

Thanks. You have helped me to plan next year when FD and SS account mature. Hopefully at that time there are good rates available and I can just withdraw all together.



This post has been edited by gsc: Dec 6 2012, 02:07 PM

I thought for the month of October >50k with no withdrawal you would be entitled for 2.75% ?
What happen, pls share for our understanding ?


This post has been edited by magika: Dec 6 2012, 08:46 PM

Open account in mid-OCT, not a full month, you will get the tier interest, with or without withdrawal.

Open MBSB short term conventional deposit though do not really understand what ON means. Can be 7 days, 14 days, 21 days. if not mistaken interest at 2.70% onwards.

Pls provide details as to which Islamic FDs does not pay partial rates for early upliftment. I do think some staff are not well informed. If its a cursory question to the staff, then they will give a cursory answer without really finding out.

MBSB Cash Rich savings account seems to have the best rate at 2.68% if it is daily calculated. Hope to get more info.

---

Added on December 6, 2012, 9:25 pmOh lucky, I was assuming that open at mid month is still entitled to full rate something like OCBC Smart Savers. If not mistaken in its rate schedule it stated on Current Rate at the bottom explicitly RM50k with no withdrawal for the month is eligible for full rate. Well different banks different ways of interpretation. Smart Savers I deposit in middle of the month still got full rate.. So what is the effective rate if 1 1/2 mth.?

---

Added on December 6, 2012, 9:34 pmI dont know whether you are joking or not. Half an hour wait and you are complaining. Most of us wait many times that just to get some extra coffee money for starbucks. RM 200,000.00 x 0.05% = RM100.00
Next best thing is MBSB at 4.05% + 0.05%(open CashRich savings with RM1k).

This post has been edited by magika: Dec 6 2012, 10:18 PM

Thanks, I'll look into MBSB short term deposit. It's actually under company account so not sure if it's still applicable but will still look into it.

The girl who told me that Islamic FDs does not pay partial rates if we withdrew before maturity was from Maybank Private Banking counter. She seemed pretty sure that it will not pay out partial rates and was quite surprise that I heard about it. I was not very sure of it as well so did not question more.

Usually at Maybank, premature upliftment below 3 months will not get anything. Above 3 months I believe will get 50% of deposit period. Eg if uplift at 4 th month will get lower period rate with 50% off. Pls check with banks as rely on memory only..