Ya, fully agreed but too late now. That's why I didn't want to go for the new 4.5% combo thingy in my earlier post 2 days ago..

Btw, thanks for including my nick..



This post has been edited by 1282009: Aug 1 2012, 10:01 PM

Apasal aku tetiba joined club pulak?

Thanks, hope so.

Gen-X, thank you for the inclusion and in general for your tireless (n i don't mean without tires ) contributions to this forum.

I'm hardly a good pick for the committee member role as I hardly spend any time at all in this forum
Really, I think every member who has benefited from this FD forum has a role to play in providing useful information allowing members to make valid comparisons of FD offers - as opposed to just being 'silent' members.

This post has been edited by ascend: Aug 1 2012, 10:40 PM

The OCBC 4.5% is straight forward lah, it's Fixed Deposit - deposit and no need to do anything until maturity (and even by just leaving the 20% in the Smart Saver and not depositing a sen for 3 months until you withdraw it together with the FD, the effective interest rate for the combo is sill more than 4%), unlike SCB Savings Account with T&C requiring some activities.

You got contribute mah in V2, but next time better post something related to FD when you want to write a message else it's consider spamming

From your previous posts, you are good in analyzing the T&C like aeiou, MGM and gsc and your posts are always informative

This post has been edited by Gen-X: Aug 1 2012, 11:12 PM

OCBC Savings Combo
Guys take note rules have changed. The Smart Savers balance is now earmarked and i believe this rule is retrospective, meaning these new rules will still apply to those who participated in the combo deal before the rule change.

Source:
http://www.ocbc.com.my/personal-banking/Pr...2012_INB_v2.pdf
3.4.6. The amount placed in the SA under this Promotion (i.e. the amount which is at least 20% of the 3-month FD placement amount) will be earmarked for 90 days starting from the placement date, and must be maintained in the SA for the 90 days period for continued participation in the Promotion. If the whole or part of the earmarked amount is withdrawn from the SA anytime within the 90 days period, then clause 3.4.7 below applies.
3.4.7. The promotional interest rate will cease to apply to the FD placement, should the Eligible Customer withdraw the whole or part of the earmarked amount any time within the 90 days period. In such case, the prevailing board rate will apply to the FD placement.

aiyah, now I have to go revise back 1st post OCBC Combo to what it was initially assumed based on previous promo, haha

Thanks for the update. Looks like I no need to go bother about my money in the SMART Saver account until October but need to go deposit RM50 this month to get 2.85%.

And see, that's why you are elected (more like assigned) as a Committee Member

This post has been edited by Gen-X: Aug 1 2012, 11:42 PM

Can we open the saving account this month and perform the above? Do not have any saving/curr a/c with OCBC currently.

I called up RM and this is what she said

1) those opened up saving combo earlier can now top up any time but the 20% in SS cannot be withdrawn.
2) those opened up saving combo earlier can still withdraw from SS without any effect on the FD rate.
3) 12 mth FD is 3.1%. Sorry on the error posted earlier

Thanks.

Assuming below example..

Total fund = 30k
FD = 24k @4.5% for 3 months = 270
SmartSaver = 6k (is there any interest?)

Assuming no interest for SmartSaver, overall for 30k fund is 3.6% interest.

Please correct me coz I think I'm wrong..

please refer to the example given by one of the members in the earlier post.

RM6k still can get interest

3% if every month inject RM1k for 2 mths
2.85% if every mth inject RM50 for 2 mths
.......the rest I dont remember as I planned only to inject RM50 because very little difference (3% -2.85%) 0.15%.

RM6000 x 0.15/100 x 3/12 = RM 2.25

The monthly injection of fund into SS is based on Calendar month,

if open account on 1 Jul, next injection is Aug
if open account on 31 Jul, next injection is also Aug

Did you all see the FD and CC pages on the financial website IMoney.my featured in the Star today. GenX's blogspot is 100 times more informative.

i think for junior only la... i saw the review here, they got full TnC...

http://savemoney.my/hong-leong-bank-hello-...t-october-2012/

dunno. works for me, maybe try to reload.

Can see at first page one. Went HL bank yesterday, service no good, comparably BR better ..he..he.

Anyone can recommend a long term FD for 10k? Which one is more worthy for long term? I see those promotions one seems to be only for short term FD. Sorry I am not good in numbers which is why I need some recommendation....Thanks in advance

Went to HSBC KD, can't open account+5%FD becos can't prove of local residence, shXt.
Went to OCBC DU no longer allowed to top up SavingsCombo, has anyone here actually managed to top up?
Decision, decision, decision. Slave to the money.
So looks like have to ask wife to open acc+4.5%FD if there is no other better options.

This post has been edited by MGM: Aug 2 2012, 02:59 PM

he..hee.. better I not comment

You can try your luck at other branches. Use the ambiguities in T&Cs to your advantage because not of all of them are in black & white - which explains why sometimes there are discrepancies in info provided by the members here.

OCBC Masjid Jamek RM told me that top-ups are allowed in the Savings Combo deal, without having to open another new savings account.

SCB JB has reconfirmed with the product manager that I can withdraw from 1-8-12, contrary to what he said yesterday.