Get franchise for 4D outlet or one-arm bandit club license, haha

This post has been edited by Gen-X: Sep 19 2012, 02:40 PM

Noted Bro.

today last day unless SCB extend it or maybe come out with better offer

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Added on September 21, 2012, 11:32 amCan you close your advance account immediately so you can withdraw the minimum RM100 you deposited into savings?

Why do you say not worth it to upgrade to Premier when you keep stressing it is the best deal in town?

This post has been edited by Gen-X: Sep 21 2012, 11:32 AM

If you are asking about OCBC Promos in October, you have to wait until 1st of next month. However, if you are not a current OCBC Premier Banking customer and want to open an account with them, the 5% FD Promo for new customers should still be available. In my Fixed Deposit Promotion Page at my blog, I have an example on how you can combine OCBC Promos to maximize your returns.

Like BoomChaCha mentioned previously, it's worth RM250, so I guess that's what OCBC's supplier may have quoted them for it (before discount).

If offer to sell to Poh Kong, I don't think they will even want to pay you anything for it.

Haha, I bet you will like to dispose of your gold art for even RM800.

As for reward for recommending a friend/relative, Dino168 mentioned previously his Penang branch RM told him no such offer. And magika mentioned he was rewarded with RM50 cash voucher. And BoomChaCha mentioned about Parkson voucher, that time no stock (what does this mean? The vouchers by OCBC or RM?).

To All: Conclusion - go find a RM that will give your friend and you free gift. You do not need to recommend your friend/relative to your RM.

You need more power than Excel? Wow!

This post has been edited by Gen-X: Sep 22 2012, 10:10 AM

Yah, the fresh fund thingy really troublesome. Do check out if Standard Chartered Bank has any promo next week or drop 1st page or my blog before going to deposit back at OCBC. Previous week step up SCB FD up to 5.5%, this week 6%, next week or next month?

Also check if OCBC got any good promo for GIA-i "FD".

To All:

I forgot to post earlier that I can confirm that the cash voucher is by OCBC Premier Banking and not the RM. If you had read my article Premier Priority Privilege Banking Accounts, I posted a photo of the cash vouchers I was rewarded with, and on the voucher there is a stickers that states "With Compliments By OCBC Premier Banking". If the voucher was from the RM, they can just give you RM50 or RM100 cash instead and no need for them waste time to go obtain the vouchers.

magika - can you reconfirm that the cash vouchers you received also has the OCBC PM stickers.

And most importantly, like magika mentioned - nego/ask before depositing the money or opening the account.

And it is worth repeating here - for other banks where there is no promo, go talk to the Manager or Assistant Manager or Service Manager for better rates if you intend to deposit a substantial sum. For example at Bank Rakyat (as mentioned by magika previously), CIMB and even Affin can offer you higher than 3.6% if the amount is right.

This post has been edited by Gen-X: Sep 22 2012, 10:51 AM

RM300K for OCBC PB. In my article Premier Priority Privilege Banking Accounts, I have mentioned the minimum AUM requirement for opening Alliance Privilege Banking, CitiGold, Hong Leong Bank Priority Banking, HSBC Premier Banking, OCBC Premier Banking, RHB Premier Banking Account, Standard Chartered Bank Priority Banking and UOB Privilege Banking Account. Also I have listed the banks that do not impose a penalty when our AUM falls below the minimum requirement.

Standard Chartered Bank Step Up FD Up To 6% Extended till 30 September 2013. And Standard Chartered Bank Branches are open this Saturday and Sunday (29 & 30 Sep 2013) 10am -3pm.

Click here to my Fixed Deposit Page for Latest and Highest Fixed Deposit Promos



This post has been edited by Gen-X: Sep 24 2012, 08:33 AM

Very good indeed, maybe because they need cash for their recent settlement in US or maybe they are getting ready for Basel III. I expect next month, i.e. last quarter, we shall see more competitive promos between banks.

Wah, you can go OT until I blur, hahaha. But it is not surprising you managed to solve your needs since you are an Engineer

This post has been edited by Gen-X: Sep 24 2012, 11:17 AM

The effective rates above works out to be 3.5% and minimum RM20K.

Compared to other 3 months promo:

OCBC Combo 4% but need to deposit another 20% into New Smart Savers Account which earns you up to 3%. Minimum Fresh Fund RM10K for FD.

HLB 2.95%+1% = 3.95% and RM1K into Savings Account. RM10K Placement for FD, no more no less.

UOB 3.65% Minimum placement RM10K.

Bank Rakyat Board Rate 3.65% Minimum RM500.

So is Maybank offer worth it?

For companies yes, most banks FD offer are not applicable for companies unlike Maybank's FD Promos.

Not too bad, same as Affin's Board Rate. However, the minimum RM11K is kind of odd, You sure is not RM10K? HLB has been offering 3.6% for Senior for some time now and 3.65% for Junior FD.

No need to open or deposit into any CASA account, Maybank's promo is pure FD placement like UOB's

To add, if don't have an existing Current or Savings Account, then must open Just One Account. Click here to Just One Thread for more info.

Like I said earlier, with HLB banker cheque at RM5.15, one does not really get 3.95% with RM10K.

If the FD only can be uplifted one day after maturity, can it really be classified as 5% effective?

Good to know that the Savings Account can be closed upon withdrawal on the FD.

Yah, all of us should have a disclaimer clause especially when it comes to OCBC promos, haha

Tomorrow beginning of last quarter, lets see what OCBC has to offer and I wonder if SCB going to extend the Step Up FD. Let's hope the game gets more competitive.

OCBC has extended their Combo Plan 4% 3 months FD with equivalent 20% deposited into a NEW Savings Account from 1st October to 31 December 2012.

OCBC New Premier Banking Customers are still eligible for 5% 3 months FD maximum 50% of AUM.

Click here to my Fixed Deposit Page to read my comments on the OCBC Combo Promo 4% interest rate when one takes into consideration of the interest paid with the NEW Smart Saver Savings Account. And if you are considering opening a OCBC Premier Banking Account, I suggest you visit my FD Page where I have showed how one can combine the above 2 Promos above and get minimum effective interest rate of 4.27%.

And as a reminder, Maybank 3 months step up FD is ending soon. Better hurry before they hit target. Good for companies that need too park funds until January 2012 - CNY Bonus time, haha

This post has been edited by Gen-X: Sep 30 2012, 06:30 PM

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

This post has been edited by Gen-X: Oct 1 2012, 08:47 PM

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.

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.

Bro, wrong thread. I want to say you after post count also cannot because you member since 2008, hahaha.

It is the reader's fault for being lazy not reading the terms and condition. If one reads the Terms and Conditions in the Product Brochure by Commercial and Foreign Banks, one can easily understand what the product offers (other "banks", maybe they use google translate and therefore one cannot really figure out what the hell they are saying, haha).

And if there is really a good FD offer in town - the FDMCGC members would have reported it here and we'll be talking about it for pages - no need to go anywhere else for FD info Oh I must add that even gark who is not bothered with FD interest rates promos will contribute to this thread and report on latest FD promos

This post has been edited by Gen-X: Oct 2 2012, 09:34 PM

The rates pretty good, but more important, it good for those who wants to get a safe deposit box. Added above tp Post#1

This post has been edited by Gen-X: Oct 2 2012, 11:02 PM

Yah, I have been keeping track on AUD, Funds on standby at 2 banks today and Foreign Currency Deposit Account already opened and operational. Now just waiting for the right timing. Also money at my Citibank Account earning negligible interest has been ready since 2 weeks ago to be transferred instantly to my Australia Citibank Account with Global Fund Transfer (click here to one of my article to read my comments on Citibank Global fund Transfer and see the exchange rates when I did a transfer back in May). However, if you had read this Bloomberg article yesterday, many expect RBA to cut rates again in November and even to 2.75 by first quarter next year.... now I headache. I remember in May when I was in Melbourne, it was 3.06.

Anyway, OCBC has Promo EXTRA 5% for foreign currency 1 Month Time Deposit.

Bro, did you buy gold like I suggested when you ask for suggestion, would have made >4% in less than a month or when annualized >48%

The easiest is by pledging with FD, most banks allow this - but then that funds don't get to enjoy promo rates once it matures. And also they are fees associate with the facility like stamp duty and monthly/half yearly/yearly fees depending on the type of current account (if need a new account, go for non interest current account as this would be the cheapest).

Or you can pledge your property but I don't think this is wise unless you really really want the OD facilities. You may need a valuation report and a lawyer too, i.e cost involved, and the title is kept by the bank. Some more, the OD amount should not be more than RM250K unless you willing to pay 1% yearly fee for nothing.

Anyway, to get OD facility just to play FD Musical Chair is not worth it.

To ALL:

I am sure most of you who has OCBC PB would have got a call from your RM on a 5 year structured investment where it pay interest quarterly at 4.8% pa betting on the KLIBOR rate will not go above 3.5% for the next two years and increases to 4% at the 5th year. Any takers?

This post has been edited by Gen-X: Oct 4 2012, 09:04 AM

Yes Bro, that's what we mean by FD Musical Chair because you might miss a fantastic offer like 5% interest because your FD matures a day after the promo expires. However, if you want to move your funds around, you must have time to waste (as opening a new account can take up to 2 hours or even half a day) and the amount substantial to justify your other cost like parking fee and petrol and opportunity cost (like closing a RM10M deal with a customer, haha).

Also note at first page the banker cheque fees. If your amount is RM10K and if you going for 3 months deposit, RM5 is like 0.2% interest lost.

If you don't want to play FD Musical Chair and want consistently higher interest rate (compared to commercial banks) and don't mind depositing your money with a koperasi backed by our government, look into Bank Rakyat Qiradh General Investment Account-i - Similar to Fixed Deposit .

Also do a search here on Bank Rakyat and BR (many of us use this) where magika have given tips on how to make extra money Or read last few pages.

This post has been edited by Gen-X: Oct 4 2012, 09:08 AM