I called to KFH in KL yesterday:


Me: Hi, do you open tomorrow (Friday - 1 February)?

KFH: Yes, we open tomorrow

Me: Ok, so I can place my FD tomorrow?

KFH: Oh, please hold on (she needed to confirm this to somebody else)

KFH: Sorry, we cannot place FD for you tomorrow, we open tomorrow for other transactions only...

Me: So, I can only place my FD next Monday?

KFH: Yes, come next Monday.

Me: Is the FD promo rate still negotiable?

KFH: How much money do you want to place in FD?

Me: xx thousand.

KFH: hmm..., no, it is not negotiable (maybe my money is not sufficient enough?), but we pay you advance interest.

Me: You pay advance interest one week later, right?

KFH: Yes, one week later. May I have your contact number?

Me: Why?

KFH: I will get somebody to call you. What is your name?

Me: But I have not decided yet, I might place my FD in another bank. My name is xx. But I will call you if I come, what is your name?

KFH: OK, my name is xxx


---The end----


I think KFH pays incentive to the employee who opens FD for their customer?



This post has been edited by BoomChaCha: Feb 1 2013, 01:14 AM

You are right. I already asked the OCBC customer service in the bank last time.

As long as deposit (top-up) RM 1K during any day of the month, the principle money will get 2.9% for whole month in Smart Saver account.

For example: if deposit RM 1K in 15th of the month, the principle amount will get 2.9% for the whole month; whereas
the RM 1K top-up will get 2.9% but calculates from 15th until the end of the month.

Another example: if I have RM 10K in my Smart Saver, if I deposit (top-up) RM 1K during 15th of the month, my RM 10K
will get 2.9% p.a. for the whole month; but the RM1K top-up will get 2.9% also but will calculate this 2.9% interest from 15th
until the end of the month.

Ya loh... where is Captain?

Are you going to deposit the check from OCBC to another bank (let's say bank V)?
Then get the check from bank V and deposit it back to OCBC for Bonus Saver?

Or you use the IBG technique?

If like this, how many days of interest you are going too lose? Including this weekend without interest leh...

If I were you, I would probably take the OCBC check straight to KFH for 6 months at 3.88%, and KFH pays advance interest..



This post has been edited by BoomChaCha: Feb 1 2013, 10:55 PM

Yeah loh... everybody has their own financial planning; but all of us have the same goal here -->
to maximize our profit rate..

This post has been edited by BoomChaCha: Feb 1 2013, 10:59 PM

No lah.. I do not work for bank.

Smart Saver is in between a saving account and mini FD, Smart Saver is not a current account.
Have a look at this table, it helps you to understand how does it work:

Let's say if you have RM 10K in your Smart Saver since December 2012, if you deposit RM 1K (in order to maximize interest rate up to 2.9%)
in your Smart Saver account in 6th of January 2013, your RM 10K in Smart Saver will get 2.9% interest p.a. for the whole month of January
(2.9% p.a. on RM 10K for 31 days); whereas your RM 1K deposit will get 2.9% interest p.a. calculate from 6th until 31th of January.
Smart Saver pays interest on daily basis.

Once you make a withdrawal, the interest in your Smart Saver will drop to 0.5% for the particular month.

You are right. And thanks for clarifying this.

Smart Saver pays 0.5% p.a. only when we make any withdrawal during the calendar month.

If no withdrawal nor deposit during the calendar month, Smart Saver pays 2.4% p.a.
If no withdrawal and deposit from RM 50 to RM 999, Smart Saver pays 2.75% p.a.
If no withdrawal and deposit at least RM 1000, Smart Saver pay 2.9% p.a.

I also confused until today..pai seh...

UOB: 3.5% for 3 months
Bank Rakyat: 3.65% for 3 months
OCBC: Effective rate 3.96% for 3 months

Anybody knows any other banks offer the competitive FD rates
for 3 months except the above 3 banks?

If I am not mistaken, minimum is RM 20 to maintain the Smart Saver account

Isn't this Ambank FD promo is not longer available since 26 January 2013?

http://www.ambankgroup.com/en/Promotions/D...eposit2013.aspx

Did you calculate what would be the FD effective rate after 20% in CASA?

OCBC Ampang branch only needs minimum of RM 20 to maintain a Smart Saver account; but
OCBC Cheras branch needs minimum of RM 50 to maintain a Smart Saver account.

It seems OCBC does not have a standard minimum for Smart Saver account?

I think the teller in Cheras branch made a mistake too...

Cheras branch system showed the minimum amount RM 20 in Ampang branch had no problem.

Withdraw Smart Saver from a branch and re-deposit to another branch's Smart Saver to
continue the 2.9%?

I am interested to know how do you maintain the FD rate?
Thank you

Withdrew fund from Smart Saver but kept RM 50 to maintain the Smart Saver account,
was charged RM 2.15 for the cashier's order...

Why you close the Smart Saver just because of "too many people?"

Why do you mean by "too many people?"

I do not think Captain is on vacation.., but I think he quits for somehow...

One of the possibilities I can think of is maybe some organizations (like banks)
warns him for pointing out the pros and cons of certain financial products.
This is my guessing only..I could be wrong

But one thing for sure he is still healthy.

I could fell that he was quitting slowly since last year December.