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?

Generally eligible.

Fresh fund means, you deposit the money come from elsewhere, the money is not origin from the same bank,

aka, like you withdraw saving acc and deposit into the promotion FD then it is not considered as fresh fund, as bank still have the same amount of deposit from you.

Whether prior day before, you withdraw and transfer to other bank, only then deposit into the promotion FD, it doesn't matter,
as long as you deposit into the promotion FD with other bank cheque or cash, then generally it is eligible as fresh fund already.

Thanks for taking the effort in typing all those out. Just an example to confirm what I udnerstood:

I have RM11K in Bank A.
Today, I withdraw RM10K out from Bank A.
3 days later, I bring the said RM10K to Bank A again to register myself for the FD promotion.

Is this considered eligible? If no, is there a certain time frame when the said RM10K becomes "eligible"?

Yes you are eligible. You withdrew RM11k out from Bank A and deposited your fund into another bank (Bank B), subsequently you return with a cheque from Bank B to Bank A again to participate in the FD Promo, the bank would consider it as a fresh fund.
Everyone is doing that including myself.

P/s
There is no time frame but make sure the fund in Bank B is available.

This post has been edited by nomen: Jan 10 2013, 11:00 PM

Ahh... that makes sense. I guess it's much safer to bring a cheque that bears the name of Bank B rather than bringing the whole stack of cash.

Thanks again for the enlightenment!

I am new to FD but I would like to but a certain amount of money to put as FD. I wont be using this money so I can put over a long duration.

Which one would give the highest interest rate? I heard Bank Rakyat 4% is very high but some might say it is not really reliable? How does it fare compared to the current highest 3.6% from AffinBank?

You are welcome, this is what this thread is for.
You need to issue the cheque in your own name.
You may either issue your own personal cheque from your own current account or ask Bank B to prepare a Cashier's Order which you have to pay a certain amount based on Bank B's charges, please enquire.

There is a drawback for Bank Rakyat as it is not PIDM (Perbadanan Insurans Deposit Malaysia) protected.
Hong Leong is also offering up to 4% p.a. for the 12 months tenure and it is a PIDM member institution.
Please do read back this thread for earlier discussions and feedback.

If I'm not mistaken, Hong Leong Bank is currently offering one of the lowest FD rate for 12 months tenure: 3.1%.

When did you get 4% p.a.?