Details copied from the pamphlet received from SCB... also that's what was explained to me.
i.e. put RM100k, gets back RM100k + 3.5% + 2.5%

My simple minded analysis ... close ended fund; once buy in, difficult to get out (until it matures) .. why fund manager's need to work so hard?  Unlike other bond funds, can switch anytime .. if fund A is not good, switch to fund B .... fund manager will have to work harder .. like I said, my simple minded analysis, can be totally missing the point ... 

I just updated my Latest Fixed Deposit Promotion Page for September with new comments and even gave steps for how NEW OCBC Premier Banking customers can combine promos to get minimum 4.27% interest rate for 3 months.

As for OCBC Combo plan itself, where they have lowered the interest rate to 4%, the effective interest rate when taking into consideration of the 20% required to be deposited into a NEW Smart Savers Account, the OCBC Combo plan is still better than HLB 3 FD months promo at 3.95%.

Why I say the OCBC Combo is better than HLB is because

1. HLB promo is limited to RM10K - interest rate 3.95%
2. Need to deposit RM1K or 10% of FD amount into Savings Account (unless you have Junior Savings Account, HLB Savings Accounts interest rates are miserable). You may argue you can go withdraw it the next day and deposit it elsewhere but won't that be a waste of time for RM1K?
3. Assuming item 2 is not applicable, unless you have a HLB current account, you be charged RM5.15 for HLB Banker's cheque. So with RM10K and less this RM5.15 fee, your effective interest rate works out to be 3.74%.

For Priority Customer, where the HLB 3 Months FD Promo requires minimum RM50K, then it may be better than OCBC Combo (also, it only cost them RM0.15 for Banker's Cheque).

Opened FD at hong leong bank today. On the 1k which as to be deposited into saving account, I wasnt allowed to bank in the junior saving account. Only can bank in my saving account. Anybody has the same problem? My FD is single name.

Later went to Ocbc to open FD, the saving combo is extended to end of the year. Prefer three months coz already tied with Std Chart on the 12 month step-step up fd.

Bro, thanks for informing we cannot deposit the RM1K into Junior Savings Account.

Like that you should have just deposited all into OCBC Combo Plan. If one really calculates the interest earned and taking into consideration of HLB Banker Cheque Fee of RM5.15. OCBC Combo effective rate better than HLB. And if deposit RM50 into Smart Saver and get 2.85%, OCBC Combo effective rate will beat HLB flat. Also, now stuck with RM1K earning low interest rate, fast fast go withdraw and deposit into Smart Saver, hahaha. Wait, you got Junior Savings Account right, go withdraw and deposit into the Junior SA

Thought HL 3 mth is 3.95% and OCBC saving combo effective rate is only 3.8%.? Unlike OCBC, for HL bank RM1000 can be withdrawn the next day. Junior saving account only allowed one free withdrawal. Might as well withdraw and use.

Bro, like I said, HLB effective 3.74% if one considers the banker cheque fee.

If you need the RM1K to spend then different story. If you talking about depositing RM11K to earn maximum interest, then combining it with what you deposited into the OCBC Combo Plan, you would have earned more than HLB 3.95% end of the day (if you pay RM5.15 for the HLB cheque) 

Anyway, I wanted to highlight again to others than one is NOT getting 3.95% with HLB if he/she intends to go with Bankers Cheque later on unless they have PB like me where HLB only charges me RM0.15/cheque. Actually, I have HLB current account too, so same cost of RM0.15.

Is this Maybank offer any good?

http://www.maybank2u.com.my/mbb_info/m2u/p.../PRO-Promotions

Bro, read previous page for my comments.

To ALL:

UOB 3 Months FD Promotion interest rate reduced to 3.6% effective 1 October 2012

UOB 12 Months FD Promotion 3.75% remains the same.

Read in Oct's Personal Money magazine something too good to be true. Page 43 states " A notable mention is Alliance Bank's Alliance Buddy account which gives bonus interest of 10% on the total yearly interest."

Don't have Alliance bank in my town. Give them a call if you are interested. And keep me posted. Thanks.

Genneva is under investigation now!

If it is like what MilesAnd More has said, wish that they will put it in simple term which ordinary people can understand, rather than trying to sound very attractive only to mislead customers.

Finding more and more mistakes in PMoney after many years of subscribing to it (wrong calculations, wrong theory background, typing mistakes etc ). Expect a higher quality/calibre magazine with correct data/infor.

I don't think this has been reported yet.

OCBC Branch Transformation Special FD rates, mystery gifts when you open a safe deposit box at KL Main branch, Ipoh, Kluang, and Kota Kinabalu.

FD rates : 3.45% for 3 months, and 3.55% for 9 months. Min RM5000 - max RM50000. From 1 Oct till 15th Oct only.

Pls call OCBC if you need more info. This promo is not on their website.

My OCBC FD matured today and I just had it "RENEWED" (ya, kind of) with the combo plan. 
Yes... you may wonder how I managed to "renew" when the combo plan requires fresh fund.
Well, the trick is, OCBC regards my persona chq issued from my 3rd party bank's O/D account as fresh fund for combo FD placement . Then I withdrew the matured FD in banker's chq and deposited into my O/D account in the same day. No O/D interest will be incurred.
Talking about usefulness of an O/D account. 

If you don't have an O/D account, then you need to RENTAS the FD withdrawal to your current account in the 3rd party bank of which you issued the chq. But unlike O/D account with ready fund, this method is solely rely on the reliability of the RENTAS transfer. Any hiccups in the remittance may jeopardize your FD "renewal"

@ Gen-x
OCBC AUD spot is 3.13xx today. The drop is due to 25 basis points cut yesterday. 1 week spot-zero contract is 14.xx%   

The banker cheque wil take two days to clear. Correct me if I am wrong, you need to incur 2 days OD interest. If od interest is 4.3%, with rm9 rentas, the breakeven point for fd amount is rm 76400. Any amount more than this is worth using rentas.

My OCBC FD matured today and I just had it "RENEWED" (ya, kind of) with the combo plan. 
Yes... you may wonder how I managed to "renew" when the combo plan requires fresh fund.
Well, the trick is, OCBC regards my persona chq issued from my 3rd party bank's O/D account as fresh fund for combo FD placement . Then I withdrew the matured FD in banker's chq and deposited into my O/D account in the same day. No O/D interest will be incurred.
Talking about usefulness of an O/D account. 

If you don't have an O/D account, then you need to RENTAS the FD withdrawal to your current account in the 3rd party bank of which you issued the chq. But unlike O/D account with ready fund, this method is solely rely on the reliability of the RENTAS transfer. Any hiccups in the remittance may jeopardize your FD "renewal"

@ Gen-x
OCBC AUD spot is 3.13xx today. The drop is due to 25 basis points cut yesterday. 1 week spot-zero contract is 14.xx%