I did the same thing like what bearbear did. Money saved is the "real amount" of money earned. Whenever I have extra cash, i will put in FD online. If there is any investment, then i will take out those just matured FD and transfer online.

Banks that offer online FD (can deposit and withdraw)
CIMB, Maybank
? OCBC

Banks that's not (either you cannot deposit or can deposit but cannot withdraw online)
Hong leong, Public bank

I just came across HL leaflet that got 12 months FD with step up FD 4.28% (for 4Q),
1Q 3.08%
2Q 3.18%
3Q 3.28%
3Q 4.28%.

Saw the news earlier and I did mentioned in this forum, MBSB planned to become a bank next year as they are tyrying to fulfill the banking criteria.

The new rate is very attractive for 6 and 9 months. Guess this is the highest at this moment for 6 and 9 months whereas ocbc saving combo is giving around 3.8% for 3 months.

Correct me if I am wrong

3 months -ocbc
6 and 9 months mbsb
12 months - mbsb or BR

Why not you called to nego ? Quite a few of us has the 4.11%. Mine on 19 November 2012. Got Parker Pen, Manicure Set, Shoe Bag. Maybe the total sum deposited does influence the additional rate.

Yup, you need min 50k to get the additional rates..

For my point of view Unit Trust is one kind of low risk and high return investment, i would say as liquid as FD because only a week to withdraw~ but a lot people think that unit trust can't generate a lot profit personally i think the main reason is the which agent you get advice from. Not to say all, some of the agents they just want to close the deal do the business, cincai cincai introduce any fund to aunty uncle, invest in lumpsum. If you dig into more details in unit trust, you will find that quite a numbers of fund giving more than 40% over 3 years or more than 10% in one year. If you clever enough to do switching, i believe even more return.

The other tools may be saving account like Hong Leong Income building, deposit RM25k per year for 6 years, will get RM6.5k every year for 30 years. and the risk to me is near 0~ It just a lot of people don't know there is actually such a good investment tools.

correct me if im wrong~

Do you mind to tell me how much you will get if deposit 150k in FD for 30 years?

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Added on November 21, 2012, 11:11 am
Calm down man, it just my point of view : )

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Added on November 21, 2012, 11:13 am
Ya some of the fund is not performing, may be you should dig into who is the fund manager of that fund. I do know some of the fund that give 40++% return in 3 years. Well investment not sure win ma, if you want to be 100% safe, FD lo~ 

maybnk got 6+6 FD campaign
4.05% Pa

Anyone here wants to start the circle?

I didnt ask the detail. I saw the notice on the counter at Sg. Nibong Penang branch. It just stated effective 19 Nov 2012, RM50 will be charged for RM10,000 cash deposit. I guessed the branch is encouraging cashless transaction and probably applies to all transactions.

Since I am shopping around for my FD which will be due this month,I  share the following summary on FD rate which I have compared. I have excluded BR as I dont have intention to place FD there.

3 months
OCBC premier -5% (plse refer to OCBC website or 1st page for detail t & c)
HSBC premier - 4.42% (plse refer to HSBC website for detail)
OCBC saving combo -4% (effective 3.8% -20%FD has to be kept at smart saver at 2.9%)
UOB - 3.5%

6 months
MBSB - 3.8%

9 month
MBSB - 3.9%
UOB - 3.65%

12 months
MBSB - 4.05%

Looks like the rate is getting lower, I locked in UOB for 9 months and also selected OCBC saving combo for 3 months. I ignore MBSB for this year and may look at it again in Jan.

Btw, just found out UOB premier requirement is RM500k. Wonder what are the advantages it has over other banks

From discussion with some friends, the general consensus is that quite a number are interested in EPF voluntary contribution and 1 Malaysian Retirement Scheme. Gone are the days where people fear for fund safety, maybe due also to the Mayan debacle..ha..haa.
EPF have given quite good returns lately that are more than competitive to banks FD rates. I would think that these schemes would attract most contributors middle age and above as the most feared is the withdrawal age clause.

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Added on December 27, 2012, 5:04 pm

Most of the time I would deposit in e-FD until reach a sum of 50k , then only would place it out to better rates FD, or timed to reach maturity dates of my current FD.

Hold till next wednesday 02/01/2013 , wait for OCBC Promotion

Received call from Ocbc RM, new FD combo, higher interest then current ending 31/12.

Hi Guys,

There are so many bank out there with different rate,can anyone advise which one to deposit? Lets say 100K?