I make a placement on the OCBC 4.5% online FD promo last Sat, upon success saw the statement mentioned that it is 4.5%  . Now wonder they will honour it upon maturity lol.

It is pretty easy to make a placement through online. Got a saving account a while back when I apply the CC from them too.

^ Thanks. Could be a good thing to start informing my family about my e-FDs

Ok la...

if got 100K, can get about extra  RM50 a month... can watch a movie and popcorn with gf...

RM50 a month equiv to RM600 pa eq to RM7200 for 10 yrs not taking into account compound interest means a lot for min effort, not to mention it builds discipline to increase net worth. Just recollect a conversation I had with staff always buying on credit, answer RM50 per month only mah, then RM100 pm only. If compile all the purchases, then easily a few k installment per month on impulse purchases only..he..he..

I dont think you realised how much he is worth

Do you really think that he has not been thru all the investment things. or is still not investing ?
Passive incomes does not necessary confined one to playing oops slip of the tongue ..investing in unit trust.
Its what one does with money thats idle thats important.. as they say idle things breeds devils thought ..my saying only lah..
Gen-X passive income will be more than our monthly income..i think .. back me up lah.. if not why he is so free and bored with retirement..

Same as in Unit Trust, will you invest in those that theoritically (your opininom) wont give maximum returns. For FD it is much simpler, compare rates then make effort to deposit at best rates, then hey presto ... passive incomes without much worries. As we age take lesser risk lah..

Aisey.... Now I understand you why you said playing fd musical chair is not worth it. 

So how much am I worth, haha. No lah, my passive income is not even a third of what I was earning when I was a salaryman. I quit my job because of my eyes and had to adjust my lifestyle; but, no way can be as frugal as dreamer. But I realized one thing from my interactions with many freaking rich people - no money one is miserable, got lots of money also got constant headaches. Nowadays, I have no stress and actually spent a lot less since I am at home most of the time. Only thing I miss is having a driver to sent my kids to school early in the morning.

I got no problems with Unifi or my Umobile RM28 package  And Bro, thank you for visiting my blog

if i withdraw fd before maturity, besides lost all interest,is there any charge?

Floor rate = board rate

if at 2nd yr u withdraw, it will follow the rate which is 4.2%
http://www.bankrakyat.com.my/web/guest/125

then u get how much pa according to ur conventional banking FD rules ?

4.5 x 0.5 x 2 = 4.5% pa ? OR 4.5% for 2 yr ?

Nope as this info as it benefit for the consumer

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Added on August 14, 2012, 11:07 pm

Nope

3 month 3.5pa
6 month 3.6pa

see the pa?

*ignore silly questions from MNet from now on*

Same I think there is an ignore button somewhere like previously we did for a bad apple..

n yet moderator allowed known troll to destroy what is supposedly a thread that benefit most of us..

oh u mean this ?

If u place 5 years i.e. 60 months FD at 4.5% at then withdraw after 2 years, u get 4.5% x 1/2 x 2 years (applying conventional banking FD rules), NOT 4.2%

basically the u get the half of the interest rate stated at the fd slip?

if WD @ 3rd yr then calculate

4.5% x 0.5 x 3 ?

I always ignore MNet posts... waste time and bandwidth
p.s. uses FEMALE tag but signature says MALE....

Back to FD at OCBC, I was to closed a savings account that was not used when the RO pointed out to me that I needed that account for keeping the funds for online FD. The recently opened smartsaver account must not be used as that constitutes a withdrawal.. Hope forummers are aware of it..

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Added on August 15, 2012, 12:07 am

Sorry, my bankers cheque needs to be cleared to my saving account first before i i can do online Fd. I have done with MBB before but has not find a reason to withdraw prematurely. The principle behind eFD/online FD is for this purposes. Just that havent tested early withdrawal before.