My personal choice: SCB JustOne Personal Current Account

It depends on the instruction you give at the time of opening the account. If auto renew then will follow board rate but currently Ocbc has a flat special rate of 3.5% for those booster FD which are matured.

What I did is is pre-arranged before maturity and sign all the documents and give the cheque earlier. Thus on the maturity date, I do not need to do anything except monitoring the fund transfer.

Today last day of the year, went to Public Bank and bank in some money into EPF account under self contribution program. This year no limit but next year maximum RM 60k per year. Interest calculated is daily.

Also went to OCBC  and opened another saving combo deal with effective interest about 3.8%. Next year interest rate is about the same but the money put into Smart Saver has to be fresh fund.

Ocbc is closing the loop hole on the saving combo. When first introduced, the money in SS account can be withdrawn the next day. They then changed the rule to have it kept for three months.

The money matured in the SS can be used as part of the Saving combo as "investment" in SS need not to be fresh fund.

2013, Ocbc called it Bonus Saver, this time FD and money invest in saving account have both to be fresh fund. In view of this change, I have decided to open Saving combo to make use my matured fund in SS today.

Ocbc 2013 FD promo

Pure FD - Islamic banking 3.5% flat for three or 12 months.

Bonus Saver replaced saving combo
FD interest 4.5 % but customer has to put certain sum of money into saving account. The ratio of FD to Saving account is 2:1.

Example, for 20k FD, 10k has to be put into saving account. Customer can choose any saving account or smart saver. Of course SS give a better rate of 2.9% but any withdrawal will end up very low interest rate. No change in the rate but the rule has changed, only fresh fund is allowed for the SS or any other saving account.

Based on the scenario given above and if a customer bank in RM1k every month into SS to enjoy the max rate of 2.9%, the effective interest rate is 3.76% which is slightly lower than that of the saving combo.

Last year 2012 no limit. Starting this year 2013, max rm60k.
Those already contributing to EPF through current employment cannot participate in 1M Retirement fund, thus they can participate in self contribution program.

If fund in SS not mature, let it be. Moving any part of it will cause the interest rate drop to minimum level. If mature then only take it out.

If fund in SS not mature, let it be. Moving any part of it will cause the interest rate drop to minimum level. If mature then only take it out.

Bonus Saver is not a saving account. It is the promotion program name replacing the earlier Saving Combo or Booster plan (something like that)

The bonus Saver required the customer to place certain amount into any saving account. I used SS as an example is because it gives higher interest rate than normal saving account. SS is still available.
If place into other saving account type, the effective interest will be lower...

Wonder what is their current/saving account rate? Without 10% kept in saving/current account, effective rate is 3.72%..
Estimated interest rate with 10% FD kept in SA or CA is between 3.38 to 3.72%

1M Retirement progam is for those self employed like hawker etc as they do not have the employer portion of contribution. Thus govenment contribute max. RM 60 per year. Thus they can also particiapte in self contribution program. Form 61A can be downloded from EPF website or go to the EPF office to get a copy. Very easy to fill in.

SS opening is at the same time when you opened FD thus the maturity date followed FD maturity date

if the plus SA interest is negligible, then the effective rate for the 6-month promotion is only 3.29%.

according to the post of BoomChaCha, 3.8% for 3 months is easier to maintain - in case you forget to bank in Rm1000 every month for SS and only get 3.76%.

Am at OCBC now. Bonus saver can put 1/3 into any CASA account just that the Premier gold and SS is two o the highest interest saving accounts. Any withdrawal from your CASA account (from the earmarked amount) before the 3 months term end, your 2/3 FD interest will drop to board rate. Minimum funds is RM5k, maximum 1m. Must be fresh funds for both FD and CASA account.

The other promo is 6-months term, 3+3 months. First 3months at 3.8% and second 3 months at board rate. Effective rate is quite low.

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Added on January 2, 2013, 1:03 pmThe 6 months one no need fresh funds.

The Affin bank's 4-month @3.55% effective rate looks a better deal...

Just placed some amount into KFH 31/12 for 1 yaer @ 3.85. Free gift of umbrella, organizer and calender.. And i am not believing, the profit is paid upfront

Yes, advanced interest yah, my located at penang FIZ branch, they have a parking system area which need to charged RM1 per hour (so sad ) But KFH customer is excluded from paying

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Added on January 3, 2013, 1:12 am
Yes Full amount

The saddest part is my principal is low Btw, i heard they are having promotion again this year.. I cannot get the info though as i went to the branch at 31/12.. still no news

FD so far no free gift wan wor. Investment structured bonds then got get before lol. Last time got few hundred Jusco voucher, recently the gift like cheaper edi lol. Almost same amount but gave those cheap cupboard organizer. Oh she also gave some uncut Singaporean dollars. Haha. But so far always nothing for putting in FD wan wor. 

SS is just like normal saving account except the interest paid is according to the amount of money put in.

The deposit of money need not to be on 1st day of the month. As long as you bank in the money, the interest will be calculated based on the amount you bank in. I never bank in on the 1st day of the month.

Sifus~ I need your advice~ currently OCBC is having this promotion,

"OCBC 3-Month Fixed Deposit “CASA” Bonus Savers Promotion – 4.50% p.a? (ends 31st March 2013)"

Worth to take? because I don't have OCBC account, means have to take a bunch of $$ from another bank in order to place them in OCBC, I have no experience with bank cheques and sked sked to take this whole lot of $$ w me...  7.5K means a lot for a kecik person like me... but the promotion very tempting neh.... Advise Pls~ Kamsiah byk byk~

http://savemoney.my/ocbc-3-month-fixed-dep...up-to-3-96-p-a/

BoomChaCha ~ Yes require fresh fund min 5K and must open one CASA acc min 2.5K~ 2.5K is the place where I sien dao~

But then re=think back, only first 3 mths 4.5% then go back to normal  rate 2.85%, so doesn't really making alot here also. Now not sure worth to open a new a/c boh coz have to maintain.... duno got extra charges or not if tak depo $$ in.