According to Bank Rakyat, Bank Rakyat is protected by Ministry of Finance.

If this is the case, then I was wondering who will protect Bank Rakyat if Pakatan Rakyat
wins the election?

Genius, it seems you are too smart and you sound like a Bank Rakyat expert, let's ask you some questions:

(1) Since Bank Rakyat is a bank, why Bank Rakyat is not a member of PIDM?

(2) If Bank Rakyat collapses, which organization will responsible and compensate for depositors' loss?
Will Ministry of Finance responsible?

(3) If Ministry of Finance responsible for Bank Rakyat depositors' loss, then how do Ministry of Finance compensate to depositors?

(4) What is the relationship in between Bank Rakyat and Bank Negara?

(5) Is Bank Negara taking part to ensure the safety, reliability and efficiency of Bank Rakyat's banking system infrastructure?
And also to safeguard the depositors' interest?


Thank you

This is the UOB FD promo flyer, this FD promo will end on 31 August 2012

---

Added on August 27, 2012, 10:12 pmThank you very much for your valuable info, Captain.

---

Added on August 27, 2012, 10:24 pmHLB always like disclose depositors' personal information to their sales team to convince (by calling)
depositors to invest in their uni-trust, long term saving plan, credit card and so on...

Other banks do the same are:
(1) AM bank
(2) CIMB bank (if I am not mistaken)

The very worst is HLB...!! How can they disclose depositors' personal info (privacy issue) to their sales team..! x

This post has been edited by BoomChaCha: Aug 28 2012, 01:00 PM


Attached thumbnail(s)

Based on the info from below link, this 15% dividend payout from Bank Rakyat is only available
for Bumi only, and this deal is no longer available:

http://mywealthplanner.wordpress.com/2007/...bank-of-choice/


A Malay blogger writes an easy to understand Bahasa article about Bank Rakyat:

http://maxringgit.com/bank-rakyat-untung-b...gus-atau-tidak/



This post has been edited by BoomChaCha: Aug 28 2012, 05:32 PM

This will require you to open a one year free current account, you can only close this current
account in other HSBC "main branch" after 6 months.

If you do not close this current account after 1 year, you will be charged RM 20 for each year
service charge for current account usage.

If you FD reach or exceed RM 30K, you do not need to put any money in this current account.

A free gift will be given together with this 5% FD promo..

The FD effective date only effective after your check is cleared in around 2 working days;
If you do not want to waste 2 days interest, then you bring in RM 30K cash and place a FD
no more than RM 30K.

This post has been edited by BoomChaCha: Aug 28 2012, 04:38 PM

Really ah..?

The HSBC officer told me if FD reach or exceed RM 30K, then no need money
to open the free current account??

I feel it is very troublesome to go to another HSBC "main branch" to close
the current account in 6 months later...

I was told by HSBC that you cannot close your current account in all HSBC branches, for example:
you cannot close your current account in HSBC Amanah on Old Klang Road, HSBS Amanah in Taman Maluri
and etc..

You can only close your current account in other HSBC "main branch" (I forgot the HSBC specific
branch name they told me) like HSBC in Taman Connaught, Chersa, or HSBC in Ampang Point,
HSBC in One Utama and etc..

This post has been edited by BoomChaCha: Aug 28 2012, 05:53 PM

To close your current account in HSBC One Utama branch should be okay loh ---> according to HSBC..

I discovered that you cannot close current account in HSBC "small branches" which
look like a little bit small office space and look like has less facilities and basic office
equipments..

---

Added on August 28, 2012, 6:03 pmTo close your current account in HSBC One Utama branch should be okay loh ---> according to HSBC..

I discovered that you cannot close current account in HSBC "small branches" which
look like a little bit small office space and look like has less facilities and basic office
equipments..

HSBC in One Utama has 5% offer meh....?



This post has been edited by BoomChaCha: Aug 28 2012, 06:05 PM

Maximum is RM 50K per account for this 5% FD promo for 3 months.

Just called to OCBC's Help & Support line at 1-300 88 5000. they mentioned that the current 4.5% FD promo
(require 20% to deposit into saving account) is last day available for today (30 August).

The new FD promo for September is 4% for 3 months term, this also requires additional 20% fund to deposit into
saving account. Minimum FD placement is RM 10 K fresh fund, maximum is RM 2 millions. This 4% FD promo will end
on 30 September 2012.

Other OCBC FD rates for September which do not need to put additional 20% fund into saving account, minimum FD
placement is RM 10K fresh fund.

(1) 3 months term: 3.3%
(2) 9 months term: 3.4%

-----------------------------------------------

As for this current moment, UOB FD promo for September is not available yet. One of UOB staffs anticipated
the UOB FD promo rates for September should be higher than August FD promo rates.

I have a feeling that probably UOB will release their new FD rates after the Bank Negara's Monetary Policy
Committee Meetings which held on 6 September 2012 (Thursday)

Let's see....

Just want to confirm the profit rate if put 3 months FD in OCBC's Combo
FD & saving account:

Let's say if put RM 10K in FD + RM 2K in saving account:
(RM 10K x 4%) + (RM 2K x 3%) = RM 400 + RM 60 = RM460/RM12000
= 3.83% p.a.

So the return rate for OCBC FD Combo & Saving is 3.83% p.a.

I would like to know is 3% rate for OCBC saving account is correct?
Why the 3% saving account rate in OCBC is so high?

For the 2nd and 3rd month, you only get 3% if you deposit RM1K each month

Captain, is this RM 1K deposit into saving each month (for 2nd and 3rd month) calculate based on the 10% percentage from the RM 10K
FD placement?
For example, If I make a FD placement for RM 20K, then I need to deposit RM 4K (20%) into saving for the 1st month, and deposit each
RM 2K (10%) into saving for 2nd and 3rd month in order to get full 3% in saving account?

Or I just needs to deposit minimum RM 1K each month (for 2nd and 3rd month) in order to get full 3% in saving? Regardless the FD placement amount? (the minimum FD placement is RM 10K)

And do I need to go to OCBC to make a deposit for 2nd and 3rd month?
I cannot just make the deposit for 2nd and 3rd month when I go there to place the FD during the first time?
I prefer to settle everything at a time.

Thanks

Thank you so much for the detail information, really appreciate it.

Yes, I have visited your blog sometimes; just recently I did not check it out...

Considering the opportunity cost including need to wait for 2 working day to clear the check
in OCBC, I think I will go for UOB..

Thanks for the lighting speed to update UOB FD promo, this really helps....

---

Added on September 3, 2012, 1:51 amYou mean can top-up minimum RM 10K into saving account from the OCBC Combo FD & saving promotion?

Minimum RM 10K..??

Anyway, this is a good idea, but minimum RM 10K....

Thanks for the info...







This post has been edited by BoomChaCha: Sep 3 2012, 01:51 AM

Very interesting...

Thank you for the info..

---

Added on September 5, 2012, 1:18 amYou are right.., FD starts effective when submitting the banker check to OCBC on the same day,
no need to wait for the check clearance

But OCBC Help & Support Line told me that the check needs to be cleared first then the FD will start
effective, probably he was talking about personal check...?

---

Added on September 5, 2012, 1:45 amCaptain, Thanks for your Best Saving Account in Malaysia article, it is very useful to us:
The Best and Highest Savings Account in Malaysia for Adult, Children, Parents and Grandpas too.

Now I am interested in knowing more about OCBC.

But the problem is: OCBC has few branches, and their branches are a bit far from my area.

For my saving account, I always use Public Bank, I use Public Bank because they are near to my area
(2 branches), the 2nd reason is Public Bank provides super fast service, and the 3rd reason is I have been
a customer with Public Bank since I was a kid, so I have personal feeling with Public Bank

Now, Public Bank offers 3.3% interest rate for saving account started in June or July, this offer
will end in this October or November.

---

Added on September 5, 2012, 2:26 amThis is Standard & Chartered Bank ESaver Plus saving account, the Ringgit amount
requirement for 3% interest rate is very high

This post has been edited by BoomChaCha: Sep 5 2012, 11:14 AM


Attached thumbnail(s)

OCBC Fixed Deposit and Foreign Currency Time Deposit promo flyer effective from 3 September 2012.

To open a new OCBC Premier account, it requires a minimum of RM 300K...
You have to buy 3 products like Saving Combo, Saving Account or Current Account.
50% of deposit will get 5% FD rate for 3 months term
50% of deposit will get 4% FD rate for 3 months term + Smart Saver account ---> usually depositors will take Saving Combo promo

According to OCBC, 5% FD rate offer for new OCBC Premier account is always available..



This post has been edited by BoomChaCha: Sep 5 2012, 03:40 AM


Attached thumbnail(s)

Or to take 3 products like below:

Combo Saving + Smart Saver + Regular Saving Account
Right?

But isn't Combo Saving already inclusive Smart Saver in one product?

I was wondering is OCBC Starter Saving Account a regular saving account?



This post has been edited by BoomChaCha: Sep 5 2012, 11:16 AM

Oh..now I remember what the RM told me:

To take total 3 products to get 5% FD rate for 3 months under this new Premier account:

1st product: 5% FD rate for 3 months (50% of the total deposit will get 5% rate only, the remaining of 50% money needs to
put into other product like Saving Combo)

2nd product: Saving Combo or choose other products - (choose one product only)

3rd product: Saving account, current account or choose other products - (choose one product only)

Thanks Captain..

Thanks for the good work...

You are welcome, Captain.
If you wish, please feel free to use the attached Standard & Chartered Bank ESaver Plus interest table in your blog(s)...

Captain, I finally opened an OCBC account last week before I read your post about OCBC cash voucher...
The RM did not give me anything when I opened my account as I was not aware of the cash voucher at all...

The next day I called her (after reading your post here) to ask for the gift and cash voucher, she said the Secret Recipe
cash voucher is old promotion, and it is now replaced with Parkson voucher, but the Parkson voucher is not arrive yet..

I talked to her that my friend (I did not mention your name Gen-X) introduced me to open account, can he (Captain Gen-X) get a RM 100
cash voucher?

Then she asked me (I felt that her sound sounds surprised why I knew about this..!!) which branch did my friend (Captain Gen-X) open the
account? Then I answered her I need to ask him (Captain Gen-X) ...

I got a big shock when she mentioned that the cost of the cash voucher was from their own money, but not from OCBC..
This is similar to car salesmen offer free gifts like free petrol, umbrella, steering lock, tint voucher to their customers...

The most funny thing was: she told me not to tell anybody about this cash voucher..

When asked for the gift, she promised will check the stock for "gold art" and will get back to me on the next day (last Friday).
But until now, I have not heard any news from her...

I forgot to add: during opening the account, she asked me to look for her if I want to deposit money next time...

In conclusion: I regret to open my account with this stingy woman...

---

Added on September 11, 2012, 12:34 amYour RM did not want to give it to you lah..., a very stingy RM just like mine..

I suggest to check with all RMs in the same branch, or call the branch manager
to introduce which RM can offer the best deal..

---

Added on September 11, 2012, 2:12 amRM 2.15..loh

You never check the first page meh..??

http://forum.lowyat.net/topic/2451962



This post has been edited by BoomChaCha: Sep 11 2012, 02:12 AM


Attached thumbnail(s)

You are welcome, Captain.
A small matter lah, just scan and post only...

I left OCBc with my empty hands...
And some more, no reply to call me back until now...

I thought you were serious in getting it mah...

I just called to OCBC hotline at 1 300 88 500 (call center in bangsar) to verify about the cash voucher and free gift from OCBC:
At first, the agent confirmed the cash voucher is from the RM themselves, then suddenly he put me on hold for about 1 minute to
double confirm (I think to confirm with his boss), he came back to me and said that this cash voucher is subject to the bank promotion,
and this cash voucher is not under the list of OCBC promotions, so this cash voucher "should" be the promotion from OCBC RM themselves.

About the free gift, this is also subject to the bank and also subject to the stock availability of the bank

This agent asked for my IC so that he can double check with the branch where I opened the account, I said no need lah....


Don't under estimate a small gift, it can represent the appreciation to the customers.
OCBC needs to learn how to train their RM to respect to their customers, at least keep their promise to call customer back,
no matter the answer is yes or no mah...

This unprofessional and irresponsible RM leaves me a bad impression about OCBC...

I suspect this RM steals my gift and put it into her own pocket.. is it possible..?

---

Added on September 11, 2012, 3:10 pmIf this cash voucher is from OCBC, why this RM asked me not to tell anybody??





This post has been edited by BoomChaCha: Sep 11 2012, 03:10 PM

Usually I will never key in my IC number to all bank phone systems (including OCBC hotline).

When OCBC phone system asks you to key in your IC number, you just don't key in your IC number and hold the line and
wait for few seconds, you will be directed to an agent to talk to you... you can try and see...


This RM did not mention about free gift at all when opening the new account, even I implied other banks will
offer free gifts, but still no reaction from her at all...
And some more this is a premier account from a world's strongest bank leh.....

---

Added on September 11, 2012, 3:53 pmAccording to the OCBC hotline agent, usually customer will get free gifts immediately after
signing-up new account. But I did not get anything...

I did sign some paper work but I did not look at them carefully because I trusted her ...probably my mistake..

This post has been edited by BoomChaCha: Sep 11 2012, 03:56 PM