Looks like interest rate is getting lower and lower...

Can earn the cash voucher when spouse open premier account?

I read an article today in SG Financial Times, with interest rate near zero in Europe and banks charging fee for depositing cash, interest is actually negative and funds manager are looking into how to pass this negative interest rate to their clients.

As for OCBC PB cash voucher, can I suppose, as long as it is not joint name with you. Check with your RM lah.

Read your blog on HL junior saving account. It seems that a kid can open junior saving in few branches to spread out the RM50k limit?

For a single kid, I not sure if the system allows it (the higher interest rate capped at RM50K).

What I mentioned in my article was - I would go to another branch and open another Junior Account for my own use. However, I failed to mention specifically in the article that I only opened 1 extra Junior Account for my own use (basically for the Junior FD and note - I did mentioned extra Account and not extra Accounts); and in the other branch, I still have 3 kids under 18, so would deposit into the other 2 kids' account if necessary but seldom lah (up to another RM100K to earn higher interest rate).

This post has been edited by Gen-X: Sep 5 2012, 11:33 PM

Received the 3% interest from OCBC combo promo saving a/c end of Aug .. need to remember to top up mid of the month to continue qualify the same

you can top up any day in Sept but if you top up earlier then you will earn the interest earlier since the average daily balance is used to calculate interest..

Just need 3 simple products thats all. A few months earlier, promo for OCBC Premier has to choose Investment products, now with Combo its okay..

fd + smart saver + al almin or ocbc builder or.......remember to let your family member or friend to recommend you so that he can get rm100 cash voucher

Checked with my RM ... seems like branch dependant ... mine in Penang does not have.

magika & gsc, you guys really patient in spoon feeding smsbusiness2u. He has been asking about OCBC for the past 2 months and up to today it's like he still got no clues and asking what has been discussed over and over again about OCBC Premier account 5% See below, he first asked the the 3 Products thingy on July 24 and again the same question on September 6



And when one forumer asked a question, smsbusiness2u told him to go to the branch



To me, it looks like smsbusiness2u is still after post counts and just spamming. If one really intends to open an OCBC Premier Account for the last 2 months, he/she would have visited OCBC PB and obtain the necessary info; and more importantly, read the posts in this thread instead of asking what have been posted and needing to be spoon fed the same info.

And you guys may want to, read this thread - post#32, and see why I have awarded smsbusiness2u the titled of "LYN Forum's Need To Spoon Fed King, hahahaha

Maybe Penang got too many "rich" people, haha. I guess it's not a standard offer, magika did mention he was only rewarded with RM50 cash voucher.

This post has been edited by Gen-X: Sep 6 2012, 03:11 PM

Thanks captain

This post has been edited by magika: Sep 6 2012, 03:52 PM

Does anyone know how much does AmBank charge for Banker's cheque for FD withdrawal?

Thank you.

Thanks you.

Wow !! this is DEEP ! Pays yield about 3%-5% and much riskier than FD...mmm...may not suit my risk tolerance profile. Anyway, thank you for the tip.


I wonder smsbusiness2u related to Mnet or not ?? Both having same posting style ie, keep asking short and brief single line questions only.

This post has been edited by aeiou228: Sep 6 2012, 04:50 PM

Bank Negara maintains OPR rate

http://www.bernama.com/bernama/v6/newsindex.php?id=692546

Didnt notice ...thanks for highlighting here...


Hong leong bank

3 mth FD 3.95%, max 10k, 1k in saving account till 31 oct.
6 mths FD 3.5%, interest credited when mature
12 months FD 3.6%, interest credited monthly

Not only that, both have in the past had copied my contents from my blog(s) and posting them word for word at LYN and taking credit for it

However MNet do sometimes post useful information or question that are worth thinking about; whereas smsbusiness2u would ask question and more questions or copy other people's work or link and paste them only.

to ALL:

Kuwait Finance House has extended their KFH International Commodity Murabahah Deposit-i Deposit Promotion until end of 2012.

Customer with a minimum of 10 grams in KFH Gold Account-i are entitled to enjoy the KFH International Commodity Murabahah Deposit-i (“ICM”) special campaign rate of 4% and non Gold Account holders are eligible for 3.85%

The minimum placement amount is RM20,000 in a single receipt for either 6, 12 or 24 months tenure.



Also please note, I made a mistake earlier about HLB Priority Banking Fixed Deposit Promo tenures at my FD Page, it should be read as 6 Months and 12 Months FD at 3.5% and 3.65% respectively. Not 3 and 6 months.

This post has been edited by Gen-X: Sep 8 2012, 10:11 AM

And also expected to maintain the OPR rate at the next Nov meeting, which is the last meeting for the year.

Another Step-FD offer from SCB for 10-14 September only. T&C


It’s good to get one of the highest rates in town.

From today until 14 September 2012, open a JustOne Current Account and JustOne Savings Account or designate an existing account, and deposit a minimum of RM5,000 on a 12-month tenure to enjoy our Step Up Fixed Deposit interest rates.



Effective % per annum = 3.847%
At the end of each Cycle, the interest earned on the Step Up Fixed Deposit in that Cycle will be credited into the Nominated CASA.

This post has been edited by ronnie: Sep 10 2012, 08:43 AM

How do you get the effective rate?

Shouldn't it be (2.88%+3.48%+3.55%+5.5%)/4=3.8525% ?

I was basing on monthly interest creditted earlier... update the figure in my original post.