Based on total amount of 32k
1. Bonus Saver
FD - 20k - dep date 1-1-13 - maturity date 1-4-13
SS - 10k + 1k + 1k (compounded)
Rate= 3.81%

2. Combo
FD - 25k dep date 1-1-13 - maturity date 1-4-13
SS - 5k + 1k + 1k (compounded)
Rate= 3.67%

Pls check .

1 st table is FD
2,3 & 4 is Smart Saver

This post has been edited by magika: Jan 2 2013, 08:46 AM


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I already contributing to EPF through current employment, can i participate in self contribution program? How to apply?

http://www.pbebank.com/en/en_content/perso...ns/fortune.html

anyone can tell if the promotion is good?

The interest rate for Plus SA is next to negligible

http://www.pbebank.com/en/en_content/perso...rates.html#wise

On Bonus Saver, interest earned 300.76

32000 x effective interest rate x 3 months /12 months = 300.76

Reaarranging, effective interest rate = 300.76 x 12 / ( 32000 x 3) = 3.76

This post has been edited by gsc: Jan 2 2013, 11:41 AM

Okay, Thank you.


Just received a SMS from a RM in OCBC this morning:

OCBC Latest FD Promo until March 2013:

(1) 6 months FD:
3.8% p.a. for first 3 months, will rollover to next 3 months at board rate of 2.85% p.a.
(3.8% x 3) + (2.85% x 3) = 11.4% + 8.55% = 19.95% / 6 = 3.325% p.a. Effective Rate
- fresh fund is not required


(2) 4.5% p.a. for 3 months - additional 50% of FD placement amount needs to place in CASA
- fresh fund required

(3) Islamic 3.5% p.a. for 3 months pure FD
- fresh fund required


Minimum RM 5000, maximum RM 1 million. Terms & Conditions apply



This post has been edited by BoomChaCha: Jan 2 2013, 12:38 PM

if the plus SA interest is negligible, then the effective rate for the 6-month promotion is only 3.29%.

My calculation is close to your 3.29%


Public Bnak 6 Moths FD Promo Effective 1 January until 31 March 2013

1-2 months: 3.68% x 2 = 7.36%
3-4 months: 3.88% x 2 = 7.76%
5th month: 4.68% x 1 = 4.48%
6th month: 4.88% x 1 = 4.88%

7.36% + 7.76% + 4.48% + 4.88% = 24.48 / 6 months = 4.08%

4.08% x .8 (deduct 20% of fund in saving account, assuming no interest in saving account) = approximately 3.26% Effective Rate

according to the post of BoomChaCha, 3.8% for 3 months is easier to maintain - in case you forget to bank in Rm1000 every month for SS and only get 3.76%.

Mind my asking, where does the 3 (in bold) comes from ?
IRR ?

This post has been edited by magika: Jan 2 2013, 12:30 PM

3 months, I am using months and you are using days. 3/12 vesus 90/365

Using month the effective rate is 3.76
Using day the effective rate is 3.81

Just a simple check

32000 x 3.81 x90/365 = 300.6
32000 x 3.76 x 3/365 = 300.8

A difference of 0.05% comparing using month versus day. Since bank is calculating based on day, you are correct on the 3.81% rate

This post has been edited by gsc: Jan 2 2013, 01:18 PM

Base on the amt of rm225000, effective for:
1. Bonus Saver = 3.95%
2. Combo = 3.8%

Looks like Bonus Saver is a better deal. But diff in interest is only rm83, so 1/10 the amt of 22500, diff is rm8+.

Is the Bonus Saver already listed on OCBC website ?

Dont mind me as i m not from financial background, what is the purpose of rearranging ?

he is showing you the step by step math. calculation.

Sorry, I just realized that I mis-understood from the SMS after I called to OCBC Helpline to verify:

Actually the first FD promo is 6 months, not 3 months, below is the update:

OCBC Latest FD Promo until March 2013:

(1) 6 months FD:
3.8% p.a. for first 3 months, will rollover to next 3 months at board rate of 2.85% p.a.
(3.8% x 3) + (2.85% x 3) = 11.4% + 8.55% = 19.95% / 6 months = 3.325% p.a. Effective Rate
- fresh fund is not required

huh, it started of with 3.81% and ended up up with 3.76%, i m really stupid...

If put in the bonus saver from today 2/1/13, would I still get the same effective rate (note that I will withdraw all sums on 2/4/13). Will only lose 2 days of interest on the SuperSaver?

Am at OCBC now. Bonus saver can put 1/3 into any CASA account just that the Premier gold and SS is two o the highest interest saving accounts. Any withdrawal from your CASA account (from the earmarked amount) before the 3 months term end, your 2/3 FD interest will drop to board rate. Minimum funds is RM5k, maximum 1m. Must be fresh funds for both FD and CASA account.

The other promo is 6-months term, 3+3 months. First 3months at 3.8% and second 3 months at board rate. Effective rate is quite low.

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Added on January 2, 2013, 1:03 pmThe 6 months one no need fresh funds.

This post has been edited by munkeyflo: Jan 2 2013, 01:03 PM

3.80%