many uncle auntie waiting to change new bank note and most of the tellers are busy with client and waiting 1 hour for bank cheque also did not help.

anyway withdrew and going for MACH

so how they categorized their hamper?

deposit more than how much?

MACH

1. Online placement also entitled to promo rate
2. Partial withdrawals are allowed only for tenures of 6 months and above and placements of RM10,000 and above.
3. Partial withdrawals must be in multiples of RM 3,000.
4. For balances below RM4,000, only full withdrawals can be performed.
5. Partial withdrawal for fund less than 3 months old - 0% interest, 50% interest if more than 3 months.

Tenure?

no difference - special promo usually minimum 3 months

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)

This post has been edited by bearbear: Feb 8 2013, 04:50 PM

have to go through counter?recently placed 1 month via cimbclicks still 3.0%

oppssssss CIMB Preferred.

This post has been edited by bearbear: Feb 8 2013, 07:12 PM

Happy CNY to you man, we hope we are not missing good deals during your holiday

OCBC minimum 7.5k - split of 5k : 2.5k

did some transactions on MACH - suppose to be free 5 IBG but was charged RM1 for each transaction.

FD: 4.5% p.a.
SS: 2.9% p.a. (With 1k top-up every month)

Up to 4.88%?Sound like a step up promo - unless you can tell us the T&C else no advise. CIMB isn't well known for high % for FD

For OCBC - the effective rate is close to 4% if you deposit RM1k into your saving account every month.

http://savemoney.my/best-fd-rates-in-malay...1-for-one-year/

This post has been edited by bearbear: Feb 15 2013, 02:42 PM

Yes you see its a combo of FD with Smart Saver (SS) account

For the smart saver account - on monthly basis interest rate as below

RM0 - 49.99 = 2.4% on your SS account balance
RM50 - RM999.99 = 2.75% on your SS account balance
>RM1000 = 2.9% on your SS account balance

Just deposit RM50 every month into your SS account, you'll get 2.75% still not bad.

But if you at anytime make any withdrawal from your SS account - it will go down to 0.5% only.

For short term placement - look no further and go ahead with OCBC - personally i don't think CIMB's offer is that good based on their past promos. Probably a step up program where they offer very lower rate for first 5 months and 4.88% is only for 6th month.

This post has been edited by bearbear: Feb 15 2013, 02:51 PM

Depends on yourself.

Personally for me

Short term - OCBC deposit 7.5k for FD+SS - Top up 1k every month to your SS. Tenure 3 months.

Long Term - MACH Hong Leong - straight forward 10k for 4%. Tenure 1 year.

non pidm protected fd - bank rakyat / mbsb

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.

MACH Hong Leong 12 months 4%

Downside - need to open account with debit card RM8/year

This post has been edited by bearbear: Feb 19 2013, 10:50 PM

Can't you do it manually at the branch?

You can opt for free IBG but it would be a PITA if the amount is huge.

It is only my first account with HL

login page is via hongleongconnect.my

and there is this message Click on "View All Accounts" button to view remaining accounts that you have with HLB.

Presume it is a yes?

Don't need the deposit monthly, the FD promo is a one time deposit only.

Nope - only upon maturity from what i understand.

i am just a small customer no freebies was offered. They did asked me if i want a carton of angpao packet but that was before chinese new year