How did you come out with 4.55%?

---

Added on November 30, 2012, 1:34 amDo you have the link? Or any detail info?
I could not find this FD promo on their website..

Thanks

---

Added on November 30, 2012, 1:40 amRHB FD promo usually is not attractive, just like Public bank.
And AM bank is also very quiet recently..

---

Added on November 30, 2012, 11:04 amJust called to Alliance Bank to ask for their FD promo.

Alliance Bank is having a 6 month term FD promo like below:

From first to 3rd month, FD rate is 3.1%
From fourth to fifth month, FD rate is 3.2%
Six month, FD rate is 6%

Average is 3.616% p.a. for 6 months term of FD ---> only 90% of fund will get 3.616%. remaining 10% will go to CASA
Minimum amount is RM 10K fresh fund.

But need to put 10% of the total amount of FD into current account or saving account.

So, the total 100% deposits (90% FD + 10% CASA) will get less than 3.616%

And the 10% fund in CASA cannot be withdrawn for 6 months.



This post has been edited by BoomChaCha: Nov 30 2012, 11:12 AM

Thanks for the update.

It seems interest rate is not going to rise..

Please check out revised Smart Saver interest rate table, effective 3 December 2012.



This post has been edited by BoomChaCha: Dec 1 2012, 03:18 AM


Attached thumbnail(s)

Yes, MBSB accepts banker's checque, but you have to make a cheque deposit before 4.00pm
in order to get the same day effective of your FD.

You have to bring your FD cert to uplift your FD in MBSB.
So, do not lose your MBSB FD cert, otherwise it will be very troublesome.

MBSB will issue a Maybank cheque at the maximum limit of RM 50K per cheque; for example,
if you withdraw RM 55K, they will give you 2 Maybank cheques, if you withdraw RM 102K, they
will give you 3 Maybank cheques.

MBSB's cheque is as same as banker's cheques from other banks, so far no problem at all.

No charge for their cheque.

It will need around 2 working days to clear the cheques for same local town deposit, it is just like normal.

UOB FD Promo Rates - Effective from 15 December 2012 until end of February 2013

3 Months: 3.5 %
9 Months: 3.65 %

Minimum and maximum fresh fund: RM 10K, RM 5 Millions

OCBC can only offer straight 3.5% for continuing next 3 months, 6 months and 9 months tenure of FD.

UOB is the most "stingy" bank I have ever seen. I have made many FD placements in UOB, but so far they just
gave me one umbrella. Some more they said I was the the only lucky customer who could get this umbrella..

When talking about banking systems, perhaps UOB is better and more organized than Bank Rakyat.
But when talking about the politeness and friendly toward customers, Bank Rakyat is better than UOB.

About Hong Leong Bank (Kuchai Lama) when walk into the bank and look at Hong Leong bank stuffs' faces,
I feel like I owe them money..

Hong Leong Fatt Chai FD Promos for Priority Banking Customers.
Effective from 10 December 2012 to 31 January 2013.

(1) 3.7% for 3 months FD tenure
If FD amount is from RM 50,000 to RM 499999.00, 10% of FD amount needs to deposit into CASA.
If FD amount is from RM 500,000 to to RM 2 Million, RM 50,000 is required to deposit into CASA

(2) 3.4% for 3 months FD tenure without deposit any money into CASA

Fresh fund only, minimum FD deposit is RM 50,000 and maximum is RM 2 Million per PB customer.


Hong Leong Fatt Chai FD promos Link:
http://www.hlb.com.my/promo/pfs/dep_fattch...dex.jsp?s=promo

It is MBSB:

http://www.mbsb.com.my/

Not Maybank

Another saving plan from KWSP is Self-Contribution, it needs to fill out Form 6A (1).

For 1Malaysia Retirement Savings Scheme, it needs to fill out Form 6A (2).

I heard all members (depositors) from 1Malaysia Retirement Savings Scheme will get extra RM 60 yearly.

Print Form 6A (1) and Form 6A (2) from this link:
http://www.kwsp.gov.my/portal/en/web/kwsp/...er/all-epf-form

---

Added on December 23, 2012, 11:57 pmWhat do you mean?

We need to pay RM 50 for a RM 10K FD placement?
Or we need to pay RM 50 for a cash deposit RM 10K in our saving account?

---

Added on December 24, 2012, 12:00 amNow no limit until 1 January of 2013.

---

Added on December 24, 2012, 12:08 amWe have 2 accounts in KWSP:

(1) Account A, can withdraw 30% of money when reach 50 years old
(2) Account B, can withdraw remaining of 70% of money when reach 55 years old

We can choose not to make withdrawal when reach 55 years old.

---

Added on December 24, 2012, 12:10 amExactly...



This post has been edited by BoomChaCha: Dec 24 2012, 12:10 AM

I just checked with Public Bank, RM 50 service charge is for business account only...

---

Added on December 24, 2012, 6:07 pmThank you so much for the reminder. You are one of the bests




This post has been edited by BoomChaCha: Dec 24 2012, 06:07 PM

I went to Bank Rakyat to collect my FD's interest, Bank Rakyat gave me 3 items:

(1) Diary 2013
(2) Parker pen
(3) Keep cool container

This post has been edited by BoomChaCha: Dec 24 2012, 09:03 PM

No lah.. I just made my FD placement for 5 years tenure..
These items do not worth much money

This post has been edited by BoomChaCha: Dec 24 2012, 06:47 PM

Of course yes.. need to use some efforts to get those gifts..

Affin Bank's 3.63% p.a. for 4 Months FD tenure, will end on 31 December 2012:

(1) If FD amount is in between RM 20K to RM 200K, need to park RM 5K into saving account, will get 1.9% p.a. interest in saving account
(2) If FD amount is in between RM 200K to RM 500K, need to park RM 10K into saving account, will get 1.9% p.a. interest in saving account

OCBC saving combo -4% (effective 3.8% -20%FD has to be kept at smart saver at 2.9%) ----> this is only for new customer right?

---

Added on December 27, 2012, 1:56 amHow much is this Parker pen worth?
It looks more like a inner ink refill with no pen cover, not comfortable at all to use it...

This post has been edited by BoomChaCha: Dec 27 2012, 11:14 PM

My relative is below 50 years old, he has deposited money into self-contribution (Form 61A) for several times since a year ago.
No problem so far.

Really...? My RM never told me about this either..

So according to what you said, after our FD is matured from Premier account, we can straight mover our fund
to Saving Combo immediately to enjoy 3.8% effective rate?

But this Saving Combo FD is only good for 3 months period right?

---

Added on December 27, 2012, 10:56 pmI am talking about Self-Contribution (KWSP Form 6A1) here:

Only if reach or above 55 years old, all money from Account 1 and Account 2 can be withdrawn fully or can make a partial withdrawal.

If reach 50 years old and below 55 years old, only Account 2 can be withdrawn fully or can make a partial withdrawal - this allows for only
one time of withdrawal arrangement with KWSP; whereas the Account 1 is "untouchable" until reaching 55 years old.


In overall, KWSP interest rate is always better than banks' interest rates.

I agree the risk is that KWSP may add or change some unforeseen clauses on withdrawal policies.

---

Added on December 27, 2012, 10:59 pmPlease let us know when you hear any latest news from OCBC.. Thanks

---

Added on December 27, 2012, 11:11 pmUOB is always charge me RM 2.15 when issuing a banker cheque during FD withdrawal.

Thinking to switch to another UOB branch...

This post has been edited by BoomChaCha: Dec 27 2012, 11:33 PM

I noticed that CIMB e-FD cannot open a joint account:
http://www.cimbclicks.com.my/faq_efd.htm

Captain, the OCBC FD brochure stated this: When you open an OCBC Smart Saver or OCBC
Premier Save Gold Account.....

So I assume that this OCBC Savings Combo 4.00% FD promo is only available for new customers, but not for existing
customers..

Please check the attached file:




Attached thumbnail(s)

Oh.. really ah....??? Suck loh....

The OCBC RM suggested me 3.5% for 6 months..

So I already placed my FD in UOB at 3.65% for 9 months...!!

You inform the Bank Y to IBG your matured FD into your Bank X's current account?

Thanks for sharing..

Which bank current account is the best in terms of using IBG transfer, low fee, and convenient to use?