I posted this in POST 2491 of V2:
"Open acc on 29-5(Tues) with rm32700 and made a ATM withdrawal of rm50 and keep the balance until 31-July.
ADB from 29-5 to 31-7 is consistently rm32650. So satisfied all requirement to entitle for rm300 cash back in August. Should be allowed to withdraw most of the deposit from 1-8-12."

Went to SCB DU and they say can withdraw from 1-8-12.
Previously SCB JB said must wait until 29-8-12 to get the RM300 cash rebate. Banyak susah oh.

Whoever get the rm300 rebate please report here ASAP.

This post has been edited by MGM: Aug 1 2012, 05:49 PM

Yeah another good FD promo:

This promotion is valid from 1 August - 31 August 2012.

Fast track to 4.5% a year with online FD placement
Enjoy exclusive 2 months Fixed Deposit interest rate of 4.5% a year when you place your fixed deposit via online.
Just make an online transfer of funds from your Savings/Current account to your new FD account to enjoy this
exclusive privilege via OCBC Internet Banking only.

If I remember correctly, withdrawal from SmartSaver account can only be done over the counter not online. Maybe have to transfer to other CASA that can do online.

Once I can confirm getting my rm300x2 cash rebate from SCB , I will put 50K in HSBC and the balance into this 4.5% OCBC promo. This musical chair sure is getting hotter, one hot offer after another and it is not even year end yet. Didn't actually sit down an calculate the extra interest gained from this effort. Hope it is worth it.

Did you all see the FD and CC pages on the financial website IMoney.my featured in the Star today. GenX's blogspot is 100 times more informative.

Went to HSBC KD, can't open account+5%FD becos can't prove of local residence, shXt.
Went to OCBC DU no longer allowed to top up SavingsCombo, has anyone here actually managed to top up?
Decision, decision, decision. Slave to the money.
So looks like have to ask wife to open acc+4.5%FD if there is no other better options.

This post has been edited by MGM: Aug 2 2012, 02:59 PM

SCB JB has reconfirmed with the product manager that I can withdraw from 1-8-12, contrary to what he said yesterday.

With KlangValley address in ic,licence,banks/epf statement,bills etc.

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Added on August 3, 2012, 12:24 pmAnybody has done the OCBC online FD promo?
Can one put in multiple FD placements on different days but up to a max of 25000?
If make FD placement tonight(3/8/12) , would today be considered as the starting date of the FD?

This post has been edited by MGM: Aug 3 2012, 12:24 PM

According to the CS one can do multiple 2month-4.5%-FD placement subject to a total of rm25000 and doing it online btw 6am to 9pm.

I actually banked in my check to Easi-saver acc on 2/8 morning and it was cleared tonight.So manage to make the placement before 9pm and FD starts from 3/8.

I made an online 4.5%FD placement last friday.
First bank in the money into an existing CASA with internet banking (except SmartSaver which can only be dealt with over the counter). Once the amount is cleared made the placement online with a max of rm25000. As simple as that.

Yes, money for FD placement has to come from a OCBC CA/SA.

For the OCBC 4.5%-online-FD promo, the reason one has to have a CA/SA first is becos u have to use the money from this account to make the FD placement ONLINE.

Just in case of dispute, I suggest you keep a softcopy of the FD details.

Obviously you have not read his blog. He is on early retirement, I think only forty+, but living in a envious lifestyle. He talked about his investment in his blog too, a very good read.

This post has been edited by MGM: Aug 11 2012, 09:08 PM

More like once in a 'green' moon and for privilege Bumi only.

How do you get the effective rate?

Shouldn't it be (2.88%+3.48%+3.55%+5.5%)/4=3.8525% ?

FD promo extended to 1-Oct to 5-OCt.

Super confused with the Terms and Conditions. Lawyer please.
FD maturing next week. I think most of us here missed this Maybank Premier Mudharabah Account-i due to its complexities and lack of understanding of islamic financial product. I think worth considering as it is > 4% even for now until endof2012.

Called MBB CS @ 1300886688 to workout the returns for the following deposits into a PMA-i:

23/10/12 bank in rm130000
04/11/12 bank in rm100000

01/01/13 hibah(oct+nov+dec)=rm1000
14/01/13 2% dividend=rm758

Total returns= rm1758.
Effective rate=4.3%.
Free PA and medical expenses.

However he is not able to give the detailed calculation.

This post has been edited by MGM: Oct 21 2012, 09:32 PM

As told by the MBB officer:
23/10/12 bank in rm130000

23/10 to 31/10 (9 days) hibah=130000*1.7%*9/365=rm54.50
1/11 to 30/11 (30 days) hibah=130054.50*2.75%*30/365=rm293.96
1/12 to 31/12 (31 days) hibah=130348.45*2.75%*31/365=rm304.44

Total hibah=rm652.94=2.619%
Total returns= 2.619+2% dividend=4.619%.

Hope this is correct.