Thanks for your concern, I am very careful on this security issues. There were some post in the forum asking the locality of my bank, that also I do not answer. Insurance agent and credit card agent wont find me that compliant. Till today I am insurance free except for mandatory vehicles and mortgage insurance..

Just deposit online FD with OCBC. Banker Cheque need 2 days to clear into saving acc. After 9.30pm cannot create FD. ..

For info online FD promo until 31 Aug only..

Confirmed true

OCBC is not the only foreign bank charging RM4 for every successful withdrawal at local banks ATM. A few other foreign banks are charging the same too. However, some banks such as HSBC and Citibank for instance, are subsidizing their customers holding certain account types by giving them x times of free cash withdrawal at local banks ATM.
No. You should refer to your bank for that. Local banks should still charge only RM1, even at foreign bank ATM through the MEPS network. RM4 is what most foreign banks charge to their ATM/debit card holder when withdrawing money through local banks ATM.

By the way, for those banks under House ATM network (HSBC, SCB, UOB and OCBC), you'll be charged only RM1 for each successful withdrawal using your OCBC ATM card at SCB ATM (just an example). If you're a SCB PB customer, you'll get unlimited fee-free withdrawals at all HSBC, UOB and OCBC ATM nationwide using your SCB PB VISA debit card.

There is a reason why MBB is my main bank. It has a lot of ATM around and charges are reasonable though interest rates are low..

Before my FD mature, I would have determine which are the best current offers, does not matter if 2 or 3 mths i will go for it. When the music stopped i grab the latest available, if rates are low than short term, rates high 12 mths max. I would say min rates are much higher than 2.5% evenfor 1 mth FD.

I would say your methods are much more suitable for unit trust investment/gold investment, as even stocks trust account gives very good interest..

Young man, because of you, unker started a new blog which should be faster to download.

Click here to read why I started a new blog.

and click here to my new Fixed Deposit Page. If it is still slow, bro, you better get Unifi lah.

Guys, I need a help. How do we accurately calculate the interests on FDs?

((interests rate% / 100) x money placed / 12) = monthly interests.

How do I calculate daily interests rate? I think need to put 365 days someway in between the formula but I do not know where.

3.75% for 12 months is the highest so far with the exception of BR. Going there this week

One NEWB question,

Let say I place my FD at Affin (Serdang Branch), when my FD matured can i withdraw the money from different branch? I dont have any CASA with affin so they wont credit into my account upon maturity ?

Based on the 'Budget Preview 2013' reasearch paper by CIMB.... very election centric...

1. OPR is expected to be fixed at current rate, interest rate is expected to stay low for some time to encourage consumer spending.  Also current GDP is mostly boost by government spending, so boost private spending is the target of this budget. Also the current debt to GDP ratio of 51.9% discourage the raising of interest rate. Budget deficit of 4%-4.5% is expected.

2. GST is expected to be further delayed, again to boost private spending. Implementation to be in 2014-2015

3. Expected 1 more round of handout via BR1M part 2.

4. Expected 1% cut in income tax and raising of the cap of relieve for EPF/Insurance premium from 6K currently

5. National Automotive Policy will be fast tracked to 2014-2015

6. RPGT will be raised to 10% for 3 years. Higher stamp duties for property >500K. Lower loan ratio to 50% for 3rd property. Foreiner minimum purchase price raised from 500K to 1 million.

7. Possible for reduction of withholding tax for REIT.

8. No hike for sin taxes and 1/2 month bonus for govt servant.

So don't save all your money in FD, spend it all like and save the Malaysian economy... 

REIT got 10% withholding tax.. for Malaysian and 20% for foreigners lar.. 

Mean i only need to bring along the FD cert upon maturity to get the banker cheque ?

Nearly forgot about this 11% FD thing at MB. Saw that one a few weeks ago. Golden retirement related.

0% for the first 5 yrs and 11 % from 6th to 15th years. Interest is yearly after the 5th year at 11% of original principal. Check the web for more infor.

My quick analysis says this package (yearly interest is reinvested separately) is about the same as 5% FD at the end of 15 years.

Wanted to show the comparison chart here but don't know to add the graph.

Food for thought.

Bro, you qualified CPA kah?

As for the banker cheque fee for Affin - that info still missing at first page, how much they charge?

Risky..... you must have funds to pay the monthly installment, right ?

Need something better and more powerful than my Excel spreadsheet in monitoring my dollars and cents. Used MS Money in the past (at beginner's level). MS Money has been discontinued since a few years ago.

Since we have a similar interest in growing our $, and you may be using a personal finance software (expenses, budget, retirement). If so, please let me know if you find it a good software to use.

Please PM to me to avoid crowding this thread. Later I will revert for all a simple summary of what I get from the PMs.

Moderator, my apology for this slightly off the subject thread.

Cheerio.