oh alrite, thanks

Lets take RM100K invested in a year and you get additional 1% or RM1k.
Question is, would you risk your RM100k just for the extra RM1k offered?
I would'nt, but I agree that we all reserved the right to take risk differently.

Remember the grandparents' sayings:
(1) Do not buy house built on mining land;
(2) Only buy landed property; and
(2) If you plan to change your car in 5 years, do buy something with good resale value.

is MBSB GLC? Ge coming

Vincentboleh,

Nobody will invest $100,000 for 1% return and risk for it, if afraid to lose $100,000 and want everything in guarantee, just put it in fixed deposit that offer security and guarantee by PIDM. But in long term, the purchasing power of paper money always goes down by similar percentages. Money won't grows, and have to work with it in order to gain more money.

I heard "power of compounding", but there's still exist "power of inflation". but still, fixed deposit is almost relatively safe, even it not guarantee by government. Just go for it, you choose the vehicle investment yourselves, money and life is yours. no hard feeling.

Grandparent saying is indeed, a good thing. but not all of it, today life is different compare old ages, industrial ages, technology ages. As some of them still believing, get a good school, good job, get a good retirement still exist today. Today, it not only education is vital to us, one of the varies about grandparent is real life experience, it different with us compare before. An entertainment is becoming a real life boom in nations. As saying, there's pros and cons. therefore, i believe change is a must.

This post has been edited by adolph: Jan 9 2013, 11:17 AM

HLB staff rate is the best... 3.9% for 1 month

3.9% PA? means 0.325% per month?

3.9% PA.. Effective rate for 12 months roll over will be 1.00325^12=3.97%

This post has been edited by ryei: Jan 9 2013, 01:52 PM

4.75% must be 5 years, do you think it is good to deposit?

which one offer 4.75%?

anyone seen this ?
http://www.pbebank.com/en/en_content/perso...ns/fortune.html

can experienced investor tell me whats the catch ?

MBSB

previous conversation already mention this, combine saving rate and fd rate will be less than 3.5%p.a.

How about OCBC 3 months FD @ 4.5%, any one do research on this?

4.5%? Can I have a link for that? As far as I know, OCBC do offer 4%p.a. for 3 months with 20% going into savings account.

Link here:
http://www.ocbc.com.my/personal-banking/ac...CBCBoosterDeals

The FD promotion deal as in the link already expired in Dec 2012 . I just been shown the latest FD promotions by OCBC Tun Perak. Validity : Jan - March 2013.

1. For Non Private Banking Clients - Can be existing Fund or Fresh Fund

FD 1-3 months @ 3.80% and 4-6 momths @ 2.85% (FD board rate)
Effectively you locked in 6 months FD at 3.325% p.a.

2. For Non Private Banking Clients -Fresh fund only, bring the cheque along, do not bank in the cheque in to your OCBC a/c.

Min placment RM5k. 50% of your placement will be kept in FD for 3 months @4.5% p.a. The other 50% will be earmarked for 3
months in either Smart Savers (2.9% p.a) or Savings Account (0.25%). Effective you locked in 2.375%p.a (chose savings a/c)
or 3.70% p.a (chose smart savers a/c) for 3 months.

For Private Banking Clients, you can get much better deal, do read the ealier posts on this thread to find out.

This post has been edited by Chigme: Jan 10 2013, 02:44 PM

Does this apply to all OCBC branches nationwide or branch-specific ?

Under For Non Private Banking Clients -Fresh fund only
Minimum Placement : RM5000, does this mean RM5000 in FD, RM5000 in CASA ?

Min is RM5000, RM2,500 in FD and RM2,500 in CASA. The promo should be nationwide but the way this Personal Financial Manager defines fresh fund is different. Last time they do consider fresh funds as those deposisted into OCBC a/c for 2 or 3 days ago Now he strictly want cheques/monies that is not banked to the a/c.

Pardon me for such an amateurish question, but can we circumnavigate this fresh fund requirement by simply withdrawing the necessary amount before registering for the FD?

Well, from the previous posts, it seems to be the case (musical chair). But the Personal Financial Manager with OCBC mentioned that this promotion will not be applicable if i do so.

This post has been edited by Chigme: Jan 10 2013, 04:44 PM

Hmm... I'm wondering what kind of method they'll use to determine the eligibility. For example, if they found a large amount of withdrawal a week prior to the FD registration, you'll be deemed ineligible?