if you did not provide auto renewal instruction and money is not active for more than 7 years, under The Unclaimed Money Act 1965, your money supposed to be sent by the bank to The Registrar of Unclaimed Money in kl

0.1% for FD too or just Savings Account? Let's see, OCBC PB minimum RM300K, 0.1% = RM300. BR better offer 

Bro, I must go open account with BR and of course I'll tell them magika recommended me. And if anyone wants to deposit at BR, please refer to me and I will give you 10% of the 0.1% in return  but you got to wait till I open the account first.
Bro, you are welcome but the credit goes out to all the contributors (see post#3) who report on the latest FD Promos, free gifts with our deposits and their feedback on the T&C. 

Update post#1 on FREE cheque by MBSB and BR.

ok, its Captain Gen-X..

If not mistaken, HSBC new branch promo do give you an umbrella. Also UOB Savings Account promo - but you earn miserable interest. Magika did say that BR also gives free gift to new customers but can't remember if that included an umbrella. Do a search bro.

1. BR 3-months tenure offer 3.65% interest rate. Some claim that if the amount is large enough, u can nego for extra 0.05%. (refer to Post #928) Some claim that the amount is 50k, some 100k... Would like to find out what is BR's policy.

2. It is very common for them to offer free gifts.

3. Diff branch may have different offer.

U can choose not to answer of course. Thanks for being Polite.

My 4.11% pa is yearly.

Cheerio.

Thanks plumberly for the heads up at BR. Deposited at BR on 14 November, went back today to request 4.11% and was given. 
BR current free gift is Parker Pen, Manicure set, Shoe Bag.

My smartsavers fund can be withdrawn on 1 December, so reckon it will be going to BR too..

anyone know which branch in penang offer the additional rate for >50k?

Had another FD at BR yesterday but smaller amount (<RM50k). Asked for the 4.11% and after he checked inside (I think he called the state BR HQ for approval), answer was no. Said I need a larger amount to get the 4.11%

Yes, the extra 0.05 + 0.05% depend on the amount. Actual amount, sorry, I do not know.

Got 3 shoe bags and 1 backpack as gifts. Asked for the pen, they don't have any spare. Pity.

Cheerio.

Nope, previously i was paid around a week or two after fd opening..

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Added on November 20, 2012, 10:05 pm

Just to clear the air,

1. When opening FD At BR, upon requesting extra, they will check their computer on your previous history with them. If you are new and your deposit is just a bit more than 50k , it does not neccesary mean that they will offer you the better rate. Its bargaining power, the more the better.

2. If you have previous history with BR, then they will offer you the previous rate. If you insist on better than previous rate, again, it boils down to bargaining power, the more the better.

3. If you top-up less than 50k( no such thing as top-up), then you will get only the base rate, eg 12 mths 4.01% no extra even if you already have a million in previous deposit.

Having said that, i will be topping up again on December 2012, as my deposit this time is not that substantial, therefore will only be asking for 4.11%. However coming January 2013, once my OCBC Gia-i matures, then i will try to better 4.11%. Actually most of us do not know what is the max that we can get.

Semakin lama anda berlabur, semakin tinggi interest lor. Today is purpose is to get the FD certs, did not ask for gift. Maybe next time.

not 1 year. i get 3.75% for 3 month.

Transfered from S/ Savers deposit in BR. Top up FD got 4.01% + 0.1% + 0.1% = 4.21% plus 3 free gifts 

*edited* figure mistake

2 things :
a. Yes, one needs a larger amount to get the extra % (my guess is >500K)
b. Mode of approval is, the  branch manager makes the first call within his authority level. If customer wants more, then they will have to check with their state HQ.

My 2 cents.

Waited for half hour to offer me extra 0.05%....from 4.06% to 4.11%...with 2 gifts

I offer RM 200,000 for FD 12 months...just cant wait for meagre 0.05%...wouldnt hadup ..so i left..

Recently i went to BR near komtar penang branch to enquire about their 12 mth fd rates. The counter guy told me its 4.01,then i ask him how much only can entitle for the extra 0.05%, he told me for that u need 300k   

Then i ask him if deposit 10k or more, can get any gift or not...he say deposit 50k he will give one set of parker pen but no additional rates...

This is not FD but it could be a good alternative for those above 55 years old to park their money at EPF. Since if you are above 55, you have the flexibility to withdraw anytime. Maximum rm60k per year. No need to go to EPF office. Can just go to those banks which are having business linkage with EPF.

The risks are :- lower than bank promotion interest rate (which is quite unlikely loking at the past record) and government may change the policy on withdrawal or add in some others clauses on full withdrawal.
If you are above 60 then the latter risk on withdrawal may not apply.

1M retirement program does not apply to those who are above 55. It is quite inconsistent, the government has raised the reirement age to 60 and yet the 1M retirement program is limit to those below 55.

I called EPF office yesterday before publishing my post. Those above 55 only eligible for self-contribution program, not 1M retirement saving scheme. The staff mentioned have to fill in Form 61A for self contribution.

Anybody know how EPF calculate the payout cycle? From when to when ? If A person contribute now, will he get his dividend based on this year declaration or next year declaration?

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Added on December 27, 2012, 2:40 pm

Saving applies to existing customer too. The promotion end 30 dec 2012.

Just found out yesterday when you bank in for example rm120000, not rm24k has to be in smart saver. It is rm20k in SS and rm100k inFD. My RM never told me this ever since I joined in the saving combo.