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Added on September 2, 2012, 1:59 amOops double posted, Unker Gen-X lagi cepat

This post has been edited by Pink Spider: Sep 2 2012, 01:59 AM

Yours with gift...an additional info......looks like Ocbc is still better with top up on saving combo..3.8% for 3 months fd after depositing rm10k into hong leong

would you go for the free gift CASA option and earn less

For those of you who prefer Free Gift, Alliance Bank is offering Samsung S III, but if one was to deposit the amount required into FD (even at Board Rate) instead of CASA, after the earmarked period, he/she will earn extra money equivalent to almost 7 Free Samsung S III

And for those who have AMBank Account, you get to win Gold Bar when you deposit into AmBank Islamic products.

The AmBank AmAdvance Investment Account-i is expected to pay 3.45% for 6 months tenure. Offer good till end October 2012. Every RM10,000 incremental deposit in Term Deposit account (including AmAdvance Investment Account-i) is entitled to receive five (5) entries for the Gold Contest.

This post has been edited by Gen-X: Sep 2 2012, 11:50 AM

Too bad - looking for something with shorter tenure (1 mth) in Oct.



This post has been edited by 1282009: Sep 2 2012, 12:01 PM

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

No T&C like minimum placement?

U seem to have ready funds for FD placements

Min placement is RM10k. There is a full T&C at the website. Actually I wanted to go for their previous 3.65% but too busy last month. Blessing in disguise.



This post has been edited by Human Nature: Sep 2 2012, 01:38 PM

Just want to confirm the profit rate if put 3 months FD in OCBC's Combo
FD & saving account:

Let's say if put RM 10K in FD + RM 2K in saving account:
(RM 10K x 4%) + (RM 2K x 3%) = RM 400 + RM 60 = RM460/RM12000
= 3.83% p.a.

So the return rate for OCBC FD Combo & Saving is 3.83% p.a.

I would like to know is 3% rate for OCBC saving account is correct?
Why the 3% saving account rate in OCBC is so high?

Bro, you post the promo and then you ask about T&C Anyway, the minimum placement amount is stated in Post#1 for most Promos.


The first month you will enjoy 3% interest for the Smart Savers Account because you need to deposit minimum RM2K.

For the 2nd and 3rd month, you only get 3% if you deposit RM1K each month.

If you deposit RM0-RM49.99 you'll get 2.5%. And if you deposit RM50 to RM999.99, you will earn 2.85%.

So, once again, here are your options for the 2nd and 3rd month:

Deposit nothing and you'll get 2.5% for the month.
Deposit RM50 and you'll get 2.85% for that particular month you did deposit RM50 up to RM999.99
Deposit RM1K and above, you'll enjoy 3% for the month you did the deposit.

And if you do any withdrawal, the interest rate for the month drops to 0.5%

However, since you going for the Combo Plan, you are not allowed to withdraw the 20% for 90 days. So you can just assume you'll get minimum 2.5% or like me deposit RM50 and get 2.85% for the 20%

For the 2nd and 3rd month, you only get 3% if you deposit RM1K each month

Captain, is this RM 1K deposit into saving each month (for 2nd and 3rd month) calculate based on the 10% percentage from the RM 10K
FD placement?
For example, If I make a FD placement for RM 20K, then I need to deposit RM 4K (20%) into saving for the 1st month, and deposit each
RM 2K (10%) into saving for 2nd and 3rd month in order to get full 3% in saving account?

Or I just needs to deposit minimum RM 1K each month (for 2nd and 3rd month) in order to get full 3% in saving? Regardless the FD placement amount? (the minimum FD placement is RM 10K)

And do I need to go to OCBC to make a deposit for 2nd and 3rd month?
I cannot just make the deposit for 2nd and 3rd month when I go there to place the FD during the first time?
I prefer to settle everything at a time.

Thanks

Bro, you make it so complicated lah. The Smart Savers interest rate has nothing to do with the Promo but based on it's own Terms and Conditions. Why you never read my blog, I did point out how the Smart Savers Interest Rate works.

Answer is (taken from your post) -

just need to deposit minimum RM 1K each month (for 2nd and 3rd month) in order to get full 3% in saving .. Regardless the FD placement amount.

And if you sign up for the Combo in September, of course you need to go deposit in October and November. That's what it means by Monthly Deposit lah. IF lazy to go still earn minimum 2.5% Unless you want to park some money ( more than RM1K into the Smart Saver Account) to earn 3%, then only worthwhile to do deposit. For my case, I go add RM50 when I drop by to pay my OCBC Titanium MasterCard bill.

Say take example you go for the Combo Plan in September, deposit RM20K in 4% 3 Months FD and RM4K into Smart Savers. So the difference between 3% and 2.5% is 0.5% for the Smart Savers interest rate (for October and November). So with difference of 0.5% for RM4K, that's only difference of RM1.67 per month lah, don't waste your time going to OCBC just to deposit RM1K if it is inconvenient.

This post has been edited by Gen-X: Sep 2 2012, 07:00 PM

If lazy to go to OCBC, just GIRO lah!

if you have spare cash or FD mature from other bank in the 2nd month, you can use it (min 10k) to top up the saving combo. Since you are topping up, the 20% FD which you need to deposit into Smart Saver is considered as you are meeting the requirement of monthly deposit into your saving account.

Thank you so much for the detail information, really appreciate it.

Yes, I have visited your blog sometimes; just recently I did not check it out...

Considering the opportunity cost including need to wait for 2 working day to clear the check
in OCBC, I think I will go for UOB..

Thanks for the lighting speed to update UOB FD promo, this really helps....

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Added on September 3, 2012, 1:51 amYou mean can top-up minimum RM 10K into saving account from the OCBC Combo FD & saving promotion?

Minimum RM 10K..??

Anyway, this is a good idea, but minimum RM 10K....

Thanks for the info...







This post has been edited by BoomChaCha: Sep 3 2012, 01:51 AM

Top up rm10k in fd plus rm2k in smart saver.

If banker cheque, it is considered as valid on day of opening fd.

OCBC Combo Deals, Smart Saver interest is in.. exactly 3%..

I think smart savers account cannot be touched even after 90 days is up, as it would constitutes as withdrawal, simply have to wait until the calender month is up..

This post has been edited by magika: Sep 3 2012, 12:18 PM

Yah, Smart Saver Interest Rate up to 3% is one of the highest interest rate you can find for Savings Account (not Savings Plan).

I just published my latest article The Best and Highest Savings Account in Malaysia for Adult, Children, Parents and Grandpas too. Hope can be some use to you guys and give you more options on where to park your money for short term besides FD

You're THE man bro!

Anyway, you should consider to include CIMB Air Asia Savers Account as well as AMIslamic Bank Basic Savings Account-I into your table too.

By the way, last time I went to Maybank to open a regular Savings account, i kept on insisting I want the annual fee-free ATM card. But the guy told me if this is the case, he will help me to open a BSA instead but I insisted that he open a regular savings account for me and give me the 4x free ATM cash withdrawal ATM/debit card. In my opinion, this is better as you won't be charged on the 5th and so on Maybank ATM cash withdrawal if you have at least RM5k inside

Anyway, back then my primary savings account was CIMB Air Asia Savers account as there was still no M2U savers. This CIMB Air Asia Savers Account pays me a flat interest of 1.60% pa and gives an extra incentive of RM5/month if i have an average balance of at least RM5k in a month. I opened a Maybank savings account so that I can view everything under a single login username and there is no need to call or go to the branch to link any new account as everything is automatic if you have a Maybank savings or current account.

Smart saver interest highest is 3%, or can be 2.85% or 0.5%...depending on the amount deposited or any amount was withdrawn..I have attached a link before on SS.

Interest is credited monthly. You can log in internet banking and checked has the interest being credited. I got my SS interest on 31 Aug. But cant withdraw if I want to continue enjoy 3% interest. For those who open or top up saving combo in Sept, can only withdraw from smart saver in Dec.

I would like to seek the opinion of all sifus here about the following concern.
With the Malaysia's sovereign debts reaching 52% of GDP as of last year and Gomen printing "NEW DESIGN" money. Do u think we should allocate certain % of our RM FD fund to foreign currency FD like Reminbi or USD ?