QUOTE(Gary1981 @ Feb 1 2013, 12:20 PM)
I though HLB is 4.18% for 12 months
effective 3.455% only 
Fixed Deposit Rates in Malaysia V3, Read 1st post to find highest rate.
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 Feb 1 2013, 12:44 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield  
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Feb 1 2013, 12:56 PM
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Senior Member
6,614 posts Joined: Mar 2011
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QUOTE(jacklew77 @ Feb 1 2013, 11:05 AM) called BR this morning: Thanks ! Interesting dialogue !me: is your bank open for lunch time today? BR: Sir, We close during lunch time on Friday. From 12.45-2.30pm. What can i help? me: i want to place RM 20k, 3-month FD with BR. What's the rate? BR: Sir, it is 3.65% p.a. me: Do i need to open any saving account for the FD? BR: Unless you are putting more than 6 months, then you need a saving account for monthly interest crediting. me: Is there any free gift given ? BR: errr....the gift we have now is only suitable for kids. Sir, do you have kids? me: Yes, i have three kids. BR: O then we can give you school bags. me: Will i get the FD cert, on the spot? BR: If you are using cash or banker's check, you can get the cert on the spot. But is you are using personal check, then you can only collect the cert after the check cleared in two days time. me: The rate negotiable? BR: Sir, for 20k and 3-month, we can only give 3.65%. me: Ok, i will visit your bank before 12.45pm for the FD placement. BR: Thank you. |
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Feb 1 2013, 02:39 PM
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Senior Member
6,614 posts Joined: Mar 2011
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Received call from BR. Asking me to collect hampers from them. Asked for 2 as I have 2 accounts there. However they do not have any CNY dinner for Penang side. Early March organizing a high tea and I will be invited.
I also gave a proposal for further FD deposit and asked for higher rate. Ha ha, lets see if I can get the higher rate. They will let me know later as it needs division and HQ approval. |
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Feb 1 2013, 04:43 PM
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Junior Member
44 posts Joined: Jun 2008
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Ambank is now 3.8% for 6 month FD, 80% FD, 20% in CASA - children account also can.
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Feb 1 2013, 05:16 PM
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Senior Member
1,624 posts Joined: Apr 2011
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QUOTE(BoomChaCha @ Feb 1 2013, 12:35 AM) Thanks for replying. I called to OCBC helpline this afternoon. Fresh fund is required for this 3 months FD promotion. SS account 0.5% if you withdraw from the account. If you top up RM 50, interest rate is 2.75%You can switch your fund to another bank's FD promotion after 3 months in OCBC. There is no charge for Smart Saver if you do not deposit any money in your Smart Saver account, but you will get 0.5% of interest in your Smart Saver account. here is OCBC's Smart Saver interest table: [attachmentid=3290681] |
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Feb 1 2013, 05:29 PM
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All Stars
24,452 posts Joined: Nov 2010
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QUOTE(Gary1981 @ Feb 1 2013, 12:20 PM) I though HLB is 4.18% for 12 months QUOTE(bearbear @ Feb 1 2013, 12:44 PM) effective 3.455% only it works this way, say 120k:100k in actual fd for 4.18%, 12mths 20k in savings, rate... if kid's account, not bad. but never mind, assmune zero! this is earmarked, untouchable for 4 months. so, for 1st 4 mths, int for the total 120k is actually only 4.18*100/120=3.483%. for the next 8 mths you can withdraw or redeposit at whatever is available at that time with the 20k, the remaining 100k earns 4.18% p.a. for at least the 100k, the average int for the 12 mths wud be 3.483*1/3+4.18*2/3=3.95%. so, effective rate is >3.95%. the nice thing about this promo is the monthly int is credited to the savings a/c, you can withdraw. branches are plenty, service is fine, good for me. the mach promo is only for some branches. there is another one "4.28%" but is a step up, effective not as good as the "4.18%". my last visit to hlb, the 4.18 is still not filled yet. also, if >200k, you get a small goldplated "tree" worth a few hundred rm. This post has been edited by AVFAN: Feb 1 2013, 05:37 PM |
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Feb 1 2013, 05:36 PM
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Senior Member
1,610 posts Joined: May 2008
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This is the 4.18% that I mentioned about. The 4.28 is a step up.
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Feb 1 2013, 05:54 PM
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Senior Member
700 posts Joined: Mar 2012 
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Anyone know what happened to thread starter GEN-X? Missing in action for the past one month. His blogs also removed.
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Feb 1 2013, 06:23 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(gsc @ Feb 1 2013, 05:16 PM) SS account 0.5% if you withdraw from the account. If you top up RM 50, interest rate is 2.75% You are right. I already asked the OCBC customer service in the bank last time.As long as deposit (top-up) RM 1K during any day of the month, the principle money will get 2.9% for whole month in Smart Saver account. For example: if deposit RM 1K in 15th of the month, the principle amount will get 2.9% for the whole month; whereas the RM 1K top-up will get 2.9% but calculates from 15th until the end of the month. Another example: if I have RM 10K in my Smart Saver, if I deposit (top-up) RM 1K during 15th of the month, my RM 10K will get 2.9% p.a. for the whole month; but the RM1K top-up will get 2.9% also but will calculate this 2.9% interest from 15th until the end of the month. |
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Feb 1 2013, 06:33 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(Chigme @ Feb 1 2013, 05:54 PM) Anyone know what happened to thread starter GEN-X? Missing in action for the past one month. His blogs also removed. Ya loh... where is Captain?  |
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Feb 1 2013, 08:52 PM
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Junior Member
146 posts Joined: Dec 2005
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QUOTE(Chigme @ Feb 1 2013, 05:54 PM) Anyone know what happened to thread starter GEN-X? Missing in action for the past one month. His blogs also removed. Hope nothing happened to him, especially hope its not because of something that was related to his blog or postings. Maybe keeping a low profile or migrated? |
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Feb 1 2013, 10:31 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur 
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Just closed my OCBC SmartSavers (part of the Booster Deal previously) and get a Cashier Order for FREE... Next week going to re-open for OCBC Bonus Savers promo...
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Feb 1 2013, 10:37 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield
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Need to close and reopen the account?Cannot use back the same one?
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Feb 1 2013, 10:41 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(ronnie @ Feb 1 2013, 10:31 PM) Just closed my OCBC SmartSavers (part of the Booster Deal previously) and get a Cashier Order for FREE... Next week going to re-open for OCBC Bonus Savers promo... Are you going to deposit the check from OCBC to another bank (let's say bank V)?Then get the check from bank V and deposit it back to OCBC for Bonus Saver? Or you use the IBG technique?  |
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Feb 1 2013, 10:44 PM
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Senior Member
1,624 posts Joined: Apr 2011
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QUOTE(ronnie @ Feb 1 2013, 10:31 PM) Just closed my OCBC SmartSavers (part of the Booster Deal previously) and get a Cashier Order for FREE... Next week going to re-open for OCBC Bonus Savers promo... Closed the account? Does this mean you will entitle to 2.9% rate for new opening of bonus saver. My money has been rolled and kept there since 2013, thinking of taking out but I plan to open bonus saver account next week to "renew" my FD which is going to mature. |
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Feb 1 2013, 10:48 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(bearbear @ Feb 1 2013, 10:37 PM) Need to close and reopen the account?Cannot use back the same one? I want to re-use the same fund. |
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Feb 1 2013, 10:49 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(BoomChaCha @ Feb 1 2013, 10:41 PM) Are you going to deposit the check from OCBC to another bank (let's say bank V)? OCBC Cheque --> MBB --> MBB Cheque --> OCBC Bonus SaversThen get the check from bank V and deposit it back to OCBC for Bonus Saver? Or you use the IBG technique? Not too sure I can re-open in such a short period. |
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Feb 1 2013, 10:50 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(gsc @ Feb 1 2013, 10:44 PM) Closed the account? Does this mean you will entitle to 2.9% rate for new opening of bonus saver. Yes and Yes |
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Feb 1 2013, 10:52 PM
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Senior Member
2,490 posts Joined: Sep 2011
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QUOTE(ronnie @ Feb 1 2013, 10:49 PM) OCBC Cheque --> MBB --> MBB Cheque --> OCBC Bonus Savers If like this, how many days of interest you are going too lose? Including this weekend without interest leh...Not too sure I can re-open in such a short period. If I were you, I would probably take the OCBC check straight to KFH for 6 months at 3.88%, and KFH pays advance interest.. This post has been edited by BoomChaCha: Feb 1 2013, 10:55 PM |
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Feb 1 2013, 10:55 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(BoomChaCha @ Feb 1 2013, 10:52 PM) If like this, how many days of interest you are going too lose? Including this weekend without interest leh... Lose some gain some... I also want to consolidate funds from MBB also. |
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