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?

Thanks guys. This is my 4th time opening OCBC combo and now only know the effective date for top up is starting from 1st of every month. How ignorance!

Hmm.. just wonder for OCBC Combo, after finishing 3-month tenure, does it auto-renew and continue to get effective rate of nearly 4% if we continue to pump in 1k per month into saving acc?

Thanks..

cash is most straightforward. the trouble would be when u GIRO/RENTAS transfer in from other banks a few days ago, would they consider that as "fresh funds"?

must be same day?

Internet GIRO transfer, usually if before cut-off time, recipient bank will receive in next day. But what if it only arrive at late noon? Have to run out from office to the bank before 4:30PM?

Emmm...if not mistaken, i guess bank draft or cashier's order have charges like RM5. is it?

if using GIRO to transfer, got limited amount transferable ?

I read from OCBC website the promotion is for 3 month  FD at 4.5% but 50% of deposit must be in Saving account. Cant find the interest rate for SA, so many different types there. Guess kids' account  would get higher rate. What is the  interest rate you get for SA?
3% will be very good as it works out to be nett 3.75% pa for the whole sum.

At Ambank the promo is for 6 months FD rate 3.8% and the split for FD and SA is 80:20, better than the OCBC 50:50. And the money in SA is only earmarked for 3 months, and SA can get 3% interest if  use the Amgenius acc. And interest for FD  can be paid monthly to SA.

Check out this Smart Saver's Interest Rate Table:

[attachmentid=3320640]

I'm gonna to call and ask them about what so special about Mach later this afternoon, maybe they'll gimme me the answer that can satisfy my curiosity. 

If I have 100k, where should I put my money? FD or house loan. I not sure whether the calculation is right.

Assume if house loan 100k. 4.2% interest and 40 years tenure. Monthly repayment will be RM430.
RM430 x 12 x 40= RM206,400 (RM100,000 principle and RM106,400 interest)

OR

Assume 100k for maybank FD monthly renew. 3% interest and I put it for 40 years. 3% / 12 mths = 0.25%
RM100,000 x 0.25% x 12 mths x 40 years = RM120,000 interest plus RM100,000 principle = RM220,000
From my calculation, it seems like FD is better than house loan in terms of interest. Can someone correct my calculation?

I jus wonder how bank earn money if the house loan interest is lower than fd. How  they gonna make money. I can use fd interest to offset loan interest.

guys I need clarifications on FD rates.
Say a bank gives 3.20% per annum for 3 months tenure.

I put in RM10,000. After 3 months do I get:

a. RM10,320 (RM10,000 + RM320), or

b. RM10,080, based on my calculation below

is the 4.5% promo from OCBC still on?

thanks just done processing.

it states auto renewal with current rate? meaning after 3months still 4.5%?

whats the current board rate? i put in maybank for 2 years already, 3.05% only    this year i cannot stand it anymore, slowly withdraw and deposit into other banks

I placed a 3 months FD promo 4.5% - Bonus Saver Deal, (1/3 of the total amount put to Smart Saver or CASA) with OCBC this afternoon.

Below was the phone conversation with OCBC RM, before I went there to place my FD:
Me: I want to place my FD for 3 months

OCBC RM: Yes, the rate is 3.5% for 3 months

Me: Isn't the promo rate 4.5% for 3 months?

OCBC RM: oh..yeah.    . yes, 4.5% promo rate for 3 months now

Me: ( ) Can you help me to place my FD?

OCBC RM: I am not in the office now, the outside counter can help you

Me: Okay

I know this RM for few months, this OCBC RM is only interested in opening new account which he can make
incentive; he will not help customer in anything that he cannot make money. Very pissed off with this
unprofessional