I was thinking along the lines of projected payout but it seems most of the detail is protected. For instance GYI yearly then what happens on maturity, anything left.

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Added on November 22, 2012, 4:59 pmI cant understand this part.
Get any gifts ?..

This post has been edited by magika: Nov 22 2012, 05:00 PM

http://www.bestinvestmentinmalaysia.com/an...income-builder/

Did managed to get some data from the link above if it is reliable.

HLA is bad if you opt for the GYI.

HLA is bearable if you opt for the accumulative option , however lock in maturity period is unbearable. Seems reference interest rate is roughly 3.9x% on the plus side some insurance.

HOWEVER dont shoot me, as just learning how to calculate for my own benefit only..
Its meant for simpleton who dont want to think much or do much..ha..haa

For me I choose to play musical chairs , as feel a free man without that long lock in period.

Shhesh, Smart Savers really complicating matters. Deposit for 3 months acccordingly, but did not deposit a single sen for the fourth month seems lost quite a bit of RM. My smartsavers maturity date is middle of the month so letting it run until 1 Dec 2012 but not realising that have to deposit also for the month of November.

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Added on December 3, 2012, 10:42 amaeiou228

A question on OD.
I have funds in S/Savers in which upliftment can only be done on 1 Dec 2012 (Saturday). Can I place a cheque(OD) with other banks on 30 November 2012, then transfer my funds (S/Savers) to current account(OD) only on 1 December 2012 ? Is it possible without incurring OD charges? Thanks..


This post has been edited by magika: Dec 3 2012, 10:42 AM

BR operation is the same as other financial instituition.

1. Instruction on Maturity for renewal is available on prevailing rates.
2. Issuing of Bank Draf is immediate though if the manager is not around then it will be in multiple cheques. Oh yes it is free for upliftment.
3. So far all my different bank cheque is accepted, though in different branches there is different processing time for the certs.Some reported same day, but for me it take 2-3 days, and it only start preparing on the day you collect.

Another thing is for deposit above a certain sum and if not mistaken above 3 mths, you can opt for monthly interest payment into your BR Savings Account.

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Added on December 3, 2012, 12:46 pmThat depends on different banks, for BR you will be paid floor rates which is much lesser than prevailing rates. E.g after 12 mth rate which is 4.01% will be paid around 2.9x% only. The floor rates are not published and subjected to review. Pls reconfirmed with your bank. The floor rates are subjected to your deposit period, ie different periods different rates.

This post has been edited by magika: Dec 3 2012, 12:55 PM

Just a tip for you.

1. Get your better half to open BR Saving Account first. On opening your FD, insist your introducer is your wife or whatever. She will get 0.1% of your total deposit as incentive.

2. If you deposit a substantial sum, ask for nego rates. It will be easier if you get their brochure, on the bottom will be the contact number of the officer concerned. Nego by phone will be easier. As reported some of us got 0.1% above board rates.

3. Ask for free gifts, as many as possible.

Above all it depends on the sum to be deposited, the more substantial themore bargaining power but do remember to be polite.

Transfered from S/ Savers deposit in BR. Top up FD got 4.01% + 0.1% + 0.1% = 4.21% plus 3 free gifts

*edited* figure mistake

This post has been edited by magika: Dec 4 2012, 12:53 PM

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

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.

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

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).

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 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.

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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.?

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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

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..

Ha..ha.. just remember lets say your Combo mature next month on the 15th. So if you intend to let smart saver roll till the end of the month and only withdraw on 1 st of the following month. It is very important that in between you must deposit next month also. Like for me since the combo mature and only letting the smart saver roll, I forgot to top up.

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Added on December 6, 2012, 9:57 pmJust remember to top up your smart saver for that calender month even when it has already matured, so in fact you can only withdraw it only on the first of the following month. In actual fact, if want to optimise s/s rates, you wont be able to withdraw FD and SS together..

This post has been edited by magika: Dec 6 2012, 10:12 PM

200k is nothing much nowadays. If want better service then go for Premier Banking but still has to wait also. But service more polite of course..

OCBC Booster Deals seems to offer the best rate for 3 months FD. 20% earmarked into Smart Savers
Account with its usual T&C. I calculated 3.72% average.

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Added on December 7, 2012, 4:16 pmGSC is right, it is more feasible to bank in 1k or RM50. However I was feeling lazy when my online FD mature, so dump it into Smart Savers for a pittiance.

This post has been edited by magika: Dec 7 2012, 04:21 PM

Each bank have different terms for early upliftment. Sometimes when I am too free, then will ask all sorts of question. I make sure they show me in black and white or else most of the times they give shitty answers only. Maybank is the worst that I have encountered but what to do as its my main bank.

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Added on December 7, 2012, 9:27 pmI got what you mean. However in the first place why got excess fund.


This post has been edited by magika: Dec 7 2012, 09:27 PM

Ok thanks.

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Added on December 8, 2012, 8:43 amI did giro once from OCBC to Maybank without any savings account for FD upliftment. Cost me RM0.50.
RM is bullshitting you.


This post has been edited by magika: Dec 8 2012, 08:43 AM

OD could have its usefulness. I used it as a standby facilty in case I need funds immediately without early FD upliftment. I do have funds maturing through various periods of the year. However I could not figured out my previous Smart Saver upliftment on 1 December (Saturday), whether I could use OD on 30 November for FD deposit. Nvermind my OD is not intended for that purpose anyway.

For musical chair players, having cheque current account is quite a convenience. Funds maturing/excess fund can be transferred and distributed from there. I uplifted my Smart Saver funds by online transfered to my current account, then issued a cheque for fixed deposit in other banks. Come to think of it, wonder whether can change my OCBC FD instruction on maturity to direct transfer to my current account. It not only will save a trip to the bank but sometime on maturity date we may not be free.

You can request for multiple Banker Cheques, but if not mistaken OCBC will charge for every cheque, not even one is free. Not sure for other banks. If intention is round figure,can bring extra cash/cheque to top up during deposit..


This post has been edited by magika: Dec 8 2012, 10:29 AM