Anyone know OCBC Premier Banking latest FD promotion rate?
Got some FDs expiring end of this month. Don't think I can make it for promo that ending 30th September.

Some ending 25th some 29th so by the time I take out and put back in as fresh funds, won't be in time for the September promo as stated on first post of this thread. 

Thanks guys. Too bad I'm already OCBC premier account customer, no new customer gifts/FD promo for me. 

I'll call my RM on Monday see what new promo they have for October.

You can check the offer on the first post of the thread, or Gen-X's blog. Just read the thread a bit and you can see the links already.

My OCBC banker's cheque also cleared on the same day.
Got the banker's cheque from OCBC around 1pm then banked in to Maybank via machine around 2pm, cleared by the same day evening.

Yup it was free (for withdrawal of FD) and it was under my own name.

Yea I gave them a MBB cheque, no OD with MBB. To avoid the risk, I issued a postdated cheque, sign all the necessary documents and instruct them when to bank in. So once I check my M2U that the amount has been cleared then only my RM will process it. Doing so will save my travel time don't have to go OCBC twice.

What's the difference between RM and RO ya? Usually they just appoint an RM to the customer only wor.

Should have give at least 1 day postdated to be safe.
My relative also kena OD interest from Standard Chartered before but it was actually the RM's fault (cause we ask her don't bank in first) so she actually offered to pay us the interest charged. That's why now I prefer to issue postdated cheque instead.

True. I actually want to use Rentas when the next renewal comes, after you gave your tip earlier on the Rentas for same day renewal. Cause like you say, the interest is enough to offset the RM9 for Rentas. Too bad I found out about Rentas after I already gave instructions for a banker's cheque.

Is Rentas charges the same RM9 in all the banks?

I used to use Giro to transfer. But interbank Giro takes around 2-3 days to clear and provided you did the Giro before 12 noon.
And for OCBC, maximum amount per Giro is RM500k. So if you have more than that then have to issue 2 Giro and I think my RM mentioned that the 3rd Giro in the same month will be charge at RM2 per transaction or something like that. So that day renewal was actually first time I tried using banker's cheque. I'll use gsc method of Rentas next time.

Anything from Hong Leong recently? Just got a call from them asking to meet up at my office this Friday to show me their new promotion. The girl said something about guaranteed return and better than FD promo rates.

Ah okay. Nope not interested in long term. I shall go cancel appointment now. Thanks

After I told her not interested, she told me this one got guarantee return in black and white and it's a saving account because they want us to save.

OCBC 80/20 Saving FD Promo thing is quite confusing.
It's best if you guys just wanna put in as a one off thing.

Currently I have put money into this promo twice already, one maturing 15th December and the other one 15th January, so the 20% in my Smart Savers account cannot withdraw until 1st February or else it'll be 0.5% interest. And have to top up RM1000 every month to get 3% or else it's 2.5%. Today actually wanted to put in for the 3rd time but if I do it then I can only withdraw the amount from the saving account on 1st March. So complicated...

I think I'll look for other pure FD alternatives.

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Added on November 16, 2012, 2:11 pmYup, she was referring to the HLA Income Builder 6 years saving thing. Not interested in this sort of schemes.

This post has been edited by munkeyflo: Nov 16 2012, 02:11 PM

True, but I find it a bit hard to keep track of the money in the savings. Cause usually once one FD mature then will withdraw all and go into another FD. So if withdraw on different dates then have to go bank many times, very inconvenient. Also have to go to OCBC to do the monthly top up, not very convenient for me as well.

Notice bank rakyat offering quite good rates but I prefer to park the money for 3 or 6 months instead of a year.

Guys, I know FDs are usually by the months or shortest also 1 month. So I wanna ask..
Are there any FDs or any other method to earn interest that count by the days or weeks?

I was told Islamic FDs can withdraw before it matures and still get interest up to the day of withdrawal but check with bank and it seems it's not true.

Thanks, I'll look into MBSB short term deposit. It's actually under company account so not sure if it's still applicable but will still look into it.

The girl who told me that Islamic FDs does not pay partial rates if we withdrew before maturity was from Maybank Private Banking counter. She seemed pretty sure that it will not pay out partial rates and was quite surprise that I heard about it. I was not very sure of it as well so did not question more.

I see. So if it's a 3 months Islamic FD then won't get anything.
From your experience, other banks also the similar to Maybank?

Same thing with me. I actually wanted to put in another FD but my if I do that then have to wait another month for the 3rd one to expire before I can withdraw from Smartsaver account. Decided to go with UOB pure FD, but now have to remember to top up Smartsaver account every month.

According to my RM, it seems lots of clients are furious over this and they also quite fed up in trying to explain it over and over again.

I was told by my OCBC RM yesterday that she was just briefed over the new FD promo coming up next week.

It seems 1/3 of the total funds will be put into a Premier Saving Account with 3% p.a., while the other 2/3 will be put into FD with 4.5% p.a. It also seems that this Premier Saving Account do not need to deposit anything in each calender month to earn 3% (unlike SS account). Term for 3 months as usual. Oh and the 1/3 of the total funds must be at least RM200k or something.

Not very sure about the details yet as we spoke over the phone. Will go to OCBC on Wednesday.

None that I know of yet. Yea, all these deals always very complicated. Must make sure to read the T&C properly and ask the RM as many questions as possible.

I was also looking in HSBC premier FD earlier and actually arrange to meet up with HSBC after I finish up at OCBC at USJ the other day. But their T&C quite troublesome so I decided to forget it.

Am at OCBC now. Bonus saver can put 1/3 into any CASA account just that the Premier gold and SS is two o the highest interest saving accounts. Any withdrawal from your CASA account (from the earmarked amount) before the 3 months term end, your 2/3 FD interest will drop to board rate. Minimum funds is RM5k, maximum 1m. Must be fresh funds for both FD and CASA account.

The other promo is 6-months term, 3+3 months. First 3months at 3.8% and second 3 months at board rate. Effective rate is quite low.

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Added on January 2, 2013, 1:03 pmThe 6 months one no need fresh funds.

This post has been edited by munkeyflo: Jan 2 2013, 01:03 PM

FD so far no free gift wan wor. Investment structured bonds then got get before lol. Last time got few hundred Jusco voucher, recently the gift like cheaper edi lol. Almost same amount but gave those cheap cupboard organizer. Oh she also gave some uncut Singaporean dollars. Haha. But so far always nothing for putting in FD wan wor.