For those of you who have the Combo plan FD maturing soon and not wishing to go with the hassle of another combo plan, talk to your RM on alternatives e.g. 3.5% for 3 months FD where they can seek approval for the same fund, i.e. no need transfer fund to another bank and redeposit as fresh fund.

OCBC can only offer straight 3.5% for continuing next 3 months, 6 months and 9 months tenure of FD. 

Thanks for the confirmation. Now I gotta spend a day's worth of leave just to withdraw my FD then.

3 things to share.

a. Withdrew my HL FDs for new FDs at BR today. Asked for a banker's cheque and was told a charge of RM5.15 even for premier customer.  Later, they refunded the RM5 as the manager said no charge for premier member even wihout me making a noise on the charge. Thanks to the manager.

b. Opened FDs at BR asking for a higher FD rate, on top of the 0.05% I was offered on the phone yesterday. Much to my surprise, they gave me 4.11% for a year (amount is RMx00k). Will go and buy some durians tomorrow. They got some computer issue with my FD and I still have not got the FD receipts. Hope to get them by Monday. Still can see many chinese opening FD at BR.

c. Disappointing with UOB. Went there about 2 months ago and the lady said she would come back to me on a higher FD rate by late Oct as I intended to open one in mid Nov. No reply from her. SMS to remind her. No response. Called her and she said she would check with the HQ. No reply. Called her this morning. She was not in and her colleague helped me. She checked with HQ and they said they can only offer higher FD rate for amount > RM 1 million. If she told me earlier, I would not be chasing her for an answer. Not impressed with UOB and the lady.

Cheerio.

Withdraw FD ? From Ocbc?.

Hi , just want to ask the below offer is belong to which bank,is it maybank?
MBSB Latest Fixed Deposit Promotion Rates - until 31 December 2012

6 mths - 3.80%
9 mths - 3.90%
12 mths - 4.05%

It is MBSB:

http://www.mbsb.com.my/

Not Maybank

Yup. My FD reached maturity on December 3rd but due to my hectic schedule, I only got to visit the bank last Sunday, only to know that the Mighty Weekend was no more.

Hi Everyone,

I have some question.
1) Can I use cheque to open a fix deposit a/c or saving a/c instead of cash?
2) Let say I open a FD at ocbc branch A, after mature, may I withdraw the money from ocbc branch B?

Thanks in advance!

I always pre-arrange with the bank before maturity. For example in your case this is what I would do.

Go to the bank before matirity date and sign the necessary documents to IBG the FD to other bank.

If I want to open saving combo at Ocbc, I would ask Ocbc to IBG FD money to bank X and issue a bank X cheque on the same day (before maturity) and instruct to open saving combo on the date of maturity.

If I want to open FD in bank Y, then on the day of maturity using my own cheque open FD account at bank Y

1) I've only dealt in cash but I believe the answer is yes. Do spank me if I'm wrong though.
2) Nope, you gotta go back to the branch you opened the FD.
Thanks for the advice. I was too busy to remember that my FD has matured until my reminder went beeping.

For the example you provided me especially "If I want to open saving combo at Ocbc...", may I know why do I still need to ask OCBC to issue a bank X cheque? Just trying to understand some of the methods since there are so many confusing terminologies out there.

Thanks in advance for the explanation.

Sorry for the confusion. It should be asking Ocbc to IBG my money to bank X and I issue a cheque from bank X to open saving combo. Miss out "I".

I have been doing this way for quite some times. Last week two FD mature and I renewed in this way.

I always pre-arrange with the bank before maturity. For example in your case this is what I would do.

Go to the bank before matirity date and sign the necessary documents to IBG the FD to other bank.

If I want to open saving combo at Ocbc, I would ask Ocbc to IBG FD money to bank X and issue a bank X cheque on the same day (before maturity) and instruct to open saving combo on the date of maturity.

If I want to open FD in bank Y, then on the day of maturity using my own cheque open FD account at bank Y

Just went to OCBC to change my maturity instuctions on upliftment to current account. On maturity date just need to issue cheques to which ever banks offer the highest rate. OCBC no free calender or diaries, world strongest bank is a scrooge..ha..ha..

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Added on December 20, 2012, 1:33 pm

Thanks gsc for the tips..

UOB Triple Fortune

New promo by UOB.