Yesterday placed an FD and was told that the effective date is 13 Feb because of public holidays. Does this mean that when credit card is overdue over the public holidays, the interest will not be counted?

Ths unfair rule has to be intervened by bank negara to ensure a fair practice to the consumers.

Yesterday?
Which bank opened during Chinese New Year?

My guess Ambank...

This 3.8% FD promo?

http://www.ambankgroup.com/en/Promotions/D...Bundle2013.aspx

This post has been edited by BoomChaCha: Feb 11 2013, 03:03 AM

Once I opened a FD with OxBx on a Sunday, I think the effective date is also based on following day.

Didn't know AmBank open on CNY eve.

What will be the effective rate?

8k (3.8% for FD) + 2k (0.25%?? for saving/current) = 76 + 1.25 = 77.25 = ~3.1% ??

AmBank got weekend banking at certain branches

Just open a brand new OCBC SmartSavers with Bonus Savers Deal @ 4.5% p.a. for 3-month FD.

A new account number is provided for SmartSavers but re-use the FD account number used last Oct-2012

Went to HLB. The 4.18% is only applicable for the FD. The saving/current a/c only gives 0.1% rate which makes the effective rate lower than 3.5%

So finally went for OCBC combo again.

But I've 1 question to clarify. If the a/c is creditted on 13/02, the next top up of 1k to the Smartsaver a/c should be done after 13/03 and not before right?



This post has been edited by 1282009: Feb 14 2013, 03:54 PM

The next topup should be done on 1-Mar-2013 to maximise average monthly balance which is used to calculate the month's interest.

HLB is comparable to Ocbc provided you have junior saving account. The rate is similar to 1 month FD interest. Without junior FD it s not worth to put into HL bank.

Ocbc Smart Saver
If not mistaken it goes by calendar month. Next top up any date from 1 mar to 31 mar.

This post has been edited by gsc: Feb 15 2013, 12:33 AM

From Standard Chartered

Ya, it's confirmed by my branch that no monthly top-up needed, just need to maintain min of RM20k right through to 31 March to earn the .33%pa bonus interest. They also confirmed that the Affin Gold CASA is the only acct that is not subject to tiered interest rates. Thus, Affin Gold customers will earn the scaled interest rates on the full sum of their deposits. http://www.affinbank.com.my/banking/condeposit/affingold.htm

So guys~which bank is the higher interest for FD? Hehee..OCBC I don't have saving accoount, can I create one and directly invest on the FD?

yes u can.

if you wan PIDM covered, i think OCBC is best?

OCBC bank FD rate and how many months ya? Hehe.

can read back few pages back, discussed many times. should be 4.5% 3 months. but must be FD 2:1 savings account.

rm5000 in FD, then need put 2500 in savings account.

This post has been edited by pisces88: Feb 15 2013, 12:37 PM

Sounds good, at least 1k in saving account then its fine d right? or if 5k FD , 2.5k in saving?

OCBC minimum 7.5k - split of 5k : 2.5k

did some transactions on MACH - suppose to be free 5 IBG but was charged RM1 for each transaction.

yup 5000 fd, 2500 savings.

minimum 7500, sorry gave wrong numbers in the earlier example