wah you got a Mont Blanc Pen in January 2012, same time I sign up for OCBC Premier Banking, so how come I only got the pathetic Passport Holder Oh I forgot, you different league, the extra interest you earn from playing FDMC earns you a Jap car with time whereas for my case, not even enough to change my car tires

Of course different league, you two step higher. However, for recommending Premier Banking i only got RM50 each..

Btw, you have monstrous tires for your car, bet changed every month too

This post has been edited by magika: Aug 23 2012, 01:50 PM

I got only a picture frame type with peach. Gold color..

I believed they called it Gold Leaf, I have that though..

Its not only interest rates but gifts that are being given with deposit at Alliance, OCBC, Bank Rakyat n others. Wonder whether next forummers can post promotion with possible gifts info galore..

I would love to deposit (decent rates of course) at banks that give free Ipad...

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Added on August 23, 2012, 4:43 pmI would have thought that all branches has the same gifts. For the Mont Blanc each RM250k has to be earmark for 12 mths failing which cash penalty would be imposed.

Bank Rakyat gives hampers, bags, shoes bag, towels..

This post has been edited by magika: Aug 23 2012, 04:43 PM

I was offered that decorative piece too but chose the passport holder instead. But both also useless gift.

Now you tell me, so at least I don't feel "cheated" because I earned 5% 3 Months FD for the total amount of AUM (well, almost full AUM because had to open a current account and a basic savings account to be eligible for the 5%) when I signed up for OCBC Premier

Besides me, only sylille reported that she also got 5% for total AUM back in early January. FYI, FDMCGC was derived from sylille's definition of moving funds around i.e. Musical Chair.

Same thing like those who deposit under ocbc combo deals, 20% in smart saver can be taken out..... must next time be faster to take advantage of loopholes..

Yes. They still send me a monthly consolidated statement However, HSBC HK will completely stop sending out statement to all account holder starting next month and this includes Private Banking & Premier Banking customers. Last year they said they will only charge those on non-packaged account as well as Advance customers. Guess they have a change of mind again...

On a different note, two or three months ago, all overseas customers staying outside of Singapore holding a HSBC SG account started to get their monthly statement mail in directly from HSBC HQ in Hong Kong. Previously all statement was mailed directly from HSBC SG. So I guess all HSBC SG overseas customers staying outside of Singapore will soon get a hard copy letter informing them that they must sign-up for online banking account because it will be the only way to check your account details/transactions


It is called Time Deposit. The Islamic one is called Term Deposit-I. Not too sure about HSBC Foreign Currency Time Deposit as I do not have any FCTD with them

This post has been edited by MilesAndMore: Aug 24 2012, 03:23 AM

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.

Principal x Rate x Actual No. of Days / 365

Put 366 if its a "tahun lompat"

It is confirm that can top up saving combo but 20% has to be kept at smart saver. Before end of Aug, effective interest rate is 4.2% (4.5% and 3%)in Sept will be 3.8%.(4% and 3%).

Better open on line FD for two months at 4.5% , max rm25000.

Bro, just for clarification. I have both as below.

1. OCBC Combo deals 80% FD 4.5%, 20% in Smart Savers (deposit next 2 mths RM1k each).
If I use Giro, to transfer on 1 September then its considered after clearance around 3/4 Sept?

2. Online FD is a different deal altogether using different Saving Account, am I right ?


This post has been edited by magika: Aug 24 2012, 02:01 PM

Yes, just called OCBC. It seems that there are 2 FD promotions:
1) Combo deal, open over the counter for 3-mth FD @ 4.5% p.a. and need to maintain 20% of the FD amount in a saving account. No cap on the amount. After 31-Aug, there's a cap of 2mil. and FD interest drops to 4% p.a.
2) Online FD placement, 2-mth FD @ 4.5% p.a., no need to keep 20% of FD amount in a saving account. Capped at 25k.

correct me if i'm wrong..
BTW, any difference between a banker's cheque and regular cheque? I intend to open an OCBC combo using a regular cheque but the phone officer said I have to wait for the cheque to clear (could take 2 days) before the commencement of FD...

For FD commencement date, no such thing as need for local personnel cheque to clear, and this is applicable to all the major banks that I bank with. However, for Savings Account, the cheque needs to be cleared.

This post has been edited by Gen-X: Aug 24 2012, 07:47 PM

This post has been edited by gsc: Aug 25 2012, 02:18 AM

From above, imho item 1 is slightly more worth it - average 4.25% for 3 months overall (but need to top up 1k in Sep and another 1k in Oct).

MBSB Malaysia Building Society Berhad 4.7% for 5 years (60 months). Interest paid every 6 months

if bankrupt then FD gone?

if i borrow home loan frm mbsb 500k, if mbsb bankrupt then i no ned pay the loan already?

Yes, MBSB not protected by PIDM just like Bank Rakyat. Just sharing for those interested in Bank Rakyat and considered MBSB.

Btw, I did ask in this forum that in case bank bankrupt, where do PIDM get the money to pay? It seems that PIDM is collecting money from the banks and PIDM is widening the coverage on insurance protection and hence there is an increase in profit.....this was what mentioned in the PIDM financial performance....but it did not reveal the mechanism on how does it work....

This post has been edited by gsc: Aug 27 2012, 12:06 AM

which fixed deposit account is better for 10k saving only?

http://forum.lowyat.net/topic/2451962