UOB

Public Bank "FD Fortune" ending 31 March 2013
6 months -  minimum placement 10K ( FD 80% : SA 20% )

Promotional interest rates:
1st – 2nd Month 3.68
3rd – 4th Month 3.88
5th Month 4.68
6th Month 4.88

Yes and 3.65% for 9 mths.

Latest CNY Offer from RHB. 21 Jan 2013 - 28 Feb 2013 or on reaching RM500m.

3.88% pa flat for 12 months FD. New Funds. No need CASA, PIDM eligible.

OCBC new promo.

5.5% pa for 3 months.  But only 50% of funds can put into this FD.

The balance of the 50% can put into bonus saver, 4.5% pa, premier gold acc.  And must buy one non deposit product, you can put 5% of your funds in DCi. 

Lets say you have 2 million cash.  1,000,000 in 5.5% pa FD.  600k in 4.5% FD, 300k in premier gold 3% pa, 100k DCi, assume you get 4% imterest rate,  You will get 23750 interest, or 4.75% pa

This is the highest short term FD combo.

The other one is bonus saver, 4.5% pa.

if u r cimb preferred, there is currently 1 month 3.5% p.a.
just to share, for me, with pidm, convenient branches...

1 month - cimb 3.5% p.a.
9 months - uob 3.65%
12 months - hlb 3.95%

keep yr blood sweat and tears money safe!!

OCBC

split your fund to 2:1, 2 goes to FD and 1 goes to Saving Account

FD - 4.5%
SA - 2.9% (with minimum Rm1k top up every month)

Tenure 3 months. Minimum fund 7.5k - http://savemoney.my/best-fd-rates-in-malay...-year/#3monthfd

UOB: 3.5% for 3 months

Bank Rakyat: 3.65% for 3 months (Without PIDM)

The same branch sure wont allow you close the SS and reopen. Not sure can you do that in other branches. Let us know if you can because my FD will be matured on 5 Feb.

On your planned approach, your money in SS will be entitled to 0.5% interest only because you have withdrawn money in Feb.

Getting a banker cheque from matured FD costs you nothing but together with Money from SS will cost you RM2.15.

An alternative is opening FD in HL since the interest is almost the same except for the tenure period.

Going back to Ocbc means your SS account have to be untouched or you are willing to lose out 2.9% -0.5%=2.4% interest on your SS for Feb month only. For march and april you will enjoy 2.9% rate.

I was thinking of withdrawing from my SS account as the amount is growing bigger and bigger. As long as I can get better than 2.9% rate elsewhere, the interest loss is minimized.

No withdrawal from SS means the matured fund there is having 2.9% rate when you can possibly earn as high 3.9-4% elsewhere.
Withdrawal means you new portion of SS is getting a miserable amount of 0.5% for that particular month only. The average interest you get is 2.1% with RM1k deposit in each month.

If the amount in SS is huge it is worth just withdrew it and put it somewhere else.

For your case you can make the following calculation and compare.

Withdrawal from SS
16k - 10.7k in FD and 5.3k in SS.
Calculate the interest earn for FD and SS based on 1st month 0.5 and subsequent month 2.9%.

No withdrawal from SS
10k- 6.7k in FD and 3.3k in SS
Calculate the interest earn for FD and SS based on full rate. Added on previous 4k in SS.

Compare these two. Above is a rough estimate without taking into RM 1k deposit in march and april.

When the fund in SS is huge such as RM50k it may make sense to withdraw and deposit elsewhere.

http://forum.lowyat.net/topic/2451962/+2100
towards the bottom of the page.

it's call "hlb 4.18%", been discussed many times...

Happy Chinese New Year 2013



And if you are wondering why I have not been posting, please click here and read post# 1655 at Credit Card Section.

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.

This 3.8% FD promo? 

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

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.

not sure how you calc to get 3.5% but some of us have calc and commented it is at least 3.95% effective even if u do not have jr sav account.

u took the funds earmarked for 4 mths period for sav acc earning next to nothing to stay there for full 12 months? that's not likely to happen since u will surely do something with the available funds after 4 months!

CIMB 4.88% is step up

1st to 5th month you will get much lower rate

6th month only you will get 4.88%

Effective rate for the whole tenure is much lesser.