according to the post of BoomChaCha, 3.8% for 3 months is easier to maintain - in case you forget to bank in Rm1000 every month for SS and only get 3.76%.

now it makes more sense - thanks for the input

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Added on January 2, 2013, 1:59 pmthe penalty for withdrawing is getting bigger - last time it is only the interest rate for SS, now it affect the whole FD

This post has been edited by bearbear: Jan 2 2013, 01:59 PM

Up to you - what are the chances that you will need the money in 12 months?

For me look else where - there are so many deals offered by other banks which give higher %.

True - sometimes i just snake out to do it

eFD can just withdraw online to your account - then can e-transfer to another bank account (RM2/transaction Max RM5k per transaction) OR use personal cheque if available OR buy banker's cheque at Maybank.

Can refer to premium FD banking already

1 weeks already 35k wo

no idea but certain FD promo gives higher rate for premium banking

hoho there's one in curve - can go during lunch hour

byebye OCBC

2:1 split for FD:SS, 4.5% for FD.

Just open the Money Box account at MACH HLB

Very straight forward - got the debit card on the spot and deposit RM50. I changed the pin on the spot and noticed I am allowed to withdraw RM40. Minimum balance RM10?

You will have to choose one of the following when you open the account
1. Higher interest rate (crappy rate compared to OCBC SS - maximum is only 1.8% depending on your account balance)
2. Free 5 IBG transfer every month

As for FD it is straight forward as advertised - not linked to your saving account balance.

If you register the account at E@curve branch by 31st January - Free Moo-cow / Chatime / Cineplex voucher

This post has been edited by bearbear: Jan 8 2013, 09:42 PM

Their last promo i did it with one cheque - they will split accordingly.

the percentage they promise will be there...as long as they are still operating...just that if the bank goes bankrupt u will be left with nothing.

with PIDM or without?

With PIDM
MACH by HLB - 4% for 12 months
OCBC - 4.5% for 3 months FD and 2.9% for Saving Account (Require RM1k top up every month) Split of fund 2:1

Without PIDM
Bank Rakyat / MBSB

effective 3.455% only

Need to close and reopen the account?Cannot use back the same one?

Only advantage of closing OCBC SS i can think of is that if you do any withdrawal for it to be considered as 'new fund'

Same dilemma i will face when my 3 months 4% expire this month.

Say i have 10k in FD and 4k in SS (2k deposited during FD promo and 1k each month to maintain 2.9%)

Come maturity, i will need to withdraw the amount out from OCBC to other bank and transfer back again to be considered as 'fresh fund'

Example

1/2: withdrawal of 16k out from FD and SS to Banker's draft, bank in immediately to another bank
5/2: receive fund in another bank
6/2: Go back to OCBC to deposit the same money for the new FD combo for 3 months.

However, i am not entitled for 2.9% in my SS for the 1st month as i have made withdrawal?

Nice catch there by OCBC.

But by closing the SS and reopening the SS within few days, your account start off new and your 1st month SS interest will be 2.9% as in the record no withdrawal is made?

bro ronnie pls let me know how you deal with it.

This post has been edited by bearbear: Feb 2 2013, 03:44 PM

nah i guess it too troublesome and time wasting - i will just leave enough money to maintain the SS and move the rest to MACH HL for 4%.

yes - the account will only be left with minimum amount (RM50?) to maintain it for future promo at OCBC.

Thanks - will update once i settled mine

too many people so i just close the SS and take all the fund out.