I have just gone for OCBC FD/Saving combo 3-month 4.5%p.a promo....
Hehehe, die hard FDMCGC member here, even though it is a bit complicated.
Gone to the Masjid Jamek branch, the premier banking tellers were terrible, straight faces and don't know the product details.
Luckily got a helpful sweet RM helping me. Deal done within 30min time with nice Espresso while waiting...

Confirm the following from the RM:
1. promo revised to end by 31 Aug, new promo not annouced yet but likely lower rate.
2. the smart saver account (SSA) can be cancel after 3 months without charge.
3. amount in SSA can be earmarked once only per day even if you split to multiple FD cert, but you still get the flexibility of uplifting individual cert. The key is the earmarked amount is untouchable to entitle for 4.5% FD rate.
4. interest for SSA is credited at end of each month.
5. interest for SSA in the same month as FD start will get 3%, as you already deposited min RM2k (so it is best if you get into this at beginning of the month, i.e. 3% for the entire month)
6. interest for SSA is calculated for each month and no dependancy in between months, i.e. you can choose to deposit 1k the 2nd month and no deposit on the 3rd month.
7. Banker's cheque upon uplifting of FD will cost RM0.15.
8. FD starts on the same date as cheque deposit date.
9. If use SSA as the source of fund for online FD, it will be consider withdrawal and get only 0.5% even the original earmarked amount is untouched.

I have the same thinking as you initially...that if we need to get 3% for SSA, we need continuous deposit 1k or more for the next 2 or 3 months... (I think our mind were pre-conditioned by promo from other banks like SCB).

But after clarification with the sweet RM, she said each month is independent, as SSA interest is calculated at end of each calendar month...if there was withdrawal in that month, 0.5%, if there was deposit >=1k then 3%, if no deposit then 2.5% for that month.
In short, the withdrawal & deposit will impact the SSA interest of that month (the SSA product feature); the earmarked amount in SSA will impact the FD interest (the tnc for the combo).

I may reconsider to deposit that 1k for those subsequence months later on just to get that extra 0.5%...but just get all info ready and also to share it here for all.

This post has been edited by tbheng: Aug 29 2012, 11:43 AM

Ya, same here...

Time flies, my 3 month FD @ HSBC 5% promo is maturing end of the month.
I contacted their CC...they say can uplift in any branch (w/o cert) and also can close up the Amanah Advance acct at any branch too...
They say all details are kept in the system...wah, very advance...

Looking around now, there are no attractive promo...sad.

Talking about the HSBC 5% promo...
I noticed the promo is extending to 3 more new branches and to Oct/Dec 2012.
- Cyberjaya
- Kulai
- Sri Gombak

For those who are around those new branches, highly recommended as it is the best offer so far.
Do check out the link below and read the TnC before proceeding.
promo

@Gen-X, you might want to update this on post#1. Thanks.

This post has been edited by tbheng: Sep 20 2012, 10:59 PM


Attached thumbnail(s)

I went for non-premier....min is only RM5k.

I wish so too...
I asked the CC before, seems only for new to bank; also stated in the TnC, section 4 b).


Unless like what aeiou found in the TnC that need to top up to RM200k (upgrade to premier), but not worth it.
I found the best is go in as non-premier. But for once only (new amanah advance customer).

This post has been edited by tbheng: Sep 20 2012, 11:20 PM

Ya, max 50k...if more than 50k, put under your spouse's name.
I wish I can go to the next new branch and do it again after mine matured...but was told cannot, new to bank only.
This is the kind of musical chair I am looking for...
Guess this is the last 5% promo...

This post has been edited by tbheng: Sep 20 2012, 11:33 PM

Once FD matured, no requirement for advance acct. I will update here by end of month.
Haha...best deal for non-premier...min 5k max 50k for solid 5% p.a. 3-mth, with just RM100 in Amanah Advance acct.
As for premier need 200k but only 100k max get 5%.

This post has been edited by tbheng: Sep 21 2012, 12:51 PM

Wow, RM1200??? Who did he sell that to? Poh Kong? Or just art collector?
I doubt ocbc will give out such valuable gift.
If so, they will advertise big big already.

Hi all, just a quick update to share my closing experience on HSBC 5% new branch promo...

1. TD-i can only be uplifted one day after maturity date (for amanah).
2. It can be uplifted in any branch, no FD certs are required.
3. Banker's cheque costs RM5, IBG costs RM2, Rentas costs RM9.
4. TD-i is uplifted and credited into the Amanah Advance acct.
5. Amanah Advance acct can only be closed after TD-i uplifted.
6. Amanah Advance acct can be closed in any branch.
7. The teller processed all my 3 instructions (uplift, IBG, close acct) in single visit.
8. IBG amount can be the total of TD-i + Amanah Advance balance.
9. Fund arrived my receiving bank before 6pm the same day.
10. Bonus: they waive the IBG charge. Hence zero charges.
11. Results: solid 5% p.a. interest on 3-month tenure.
12. It is still valid for some branches, refer page#1 for details and check the TnC to see if it fits you.

Disclaimer:I do not work for HSBC, the above was my experience for sharing, your experience might vary. If in doubt, please call their call center.

For now, hopefully I can find another 5% (effective) promo...
In the meantime, the music resumes for the game...

This post has been edited by tbheng: Sep 30 2012, 09:57 AM

I am okay with one day diff lah... near 5% lah (also taking into account for the RM100 in Amanah Advance acct).
(It is hardly get full effective rate, if you count in bank charges, parking, petrol, time, etc if they apply.)
Just share here so to save a trip for those who are unaware.
But the recent step-up promo really driving down the effective rate way below 5%, some below 4%.
I am still awaiting for the music to stop for me...

This post has been edited by tbheng: Sep 30 2012, 12:24 PM

My personal experience on Rentas, MBB charged RM9; AmBank charged RM4 (I was a bit surprise and quickly accepted when quoted).
The IBG I did last week went through within the same day. The fund was available @ 6pm when I checked.

Oh..., I wonder how could this went undetected from all the FDMCGC members' radars?
MBB seems keeping it rather tight...no ads no news...
If I knew about this I would have gone for it in Jan rather than taking the ocbc 4% for 12mth...
1% extra for the entire year is a lot of diff... Quite pity about it...
Now, maybe can join in for a shorter duration...
Thanks to eugenecctan for sharing the news.

Hi guys, finally opened my PMA acct just in time before Nov.
I was told need introducer if apply over counter but no need if via online.
I tried apply online but the application gone missing after 1 week.
I went to counter and now they say can self-introduce. Wasted my visits and 1-wk interest.

News: The officer told there is a new promo (gift) : if open or topup PMA with RM3k over the counter (01-Nov-2012 to 31-Dec-2012) can get a free passport holder. RM2k into Yippie can get a backpack. She shown me an internal mailer on that. For those interested, do check with your branch or call their call center.

Hi, I am neither a sifu nor a teacher...but just to share my finding and understanding...
I had open the PMA acct 2 days ago.
According to the MBB teller, both PMA and PMA-i are the same acct and will get the 2% special dividend (if you meet all the tnc).
Refer more details HERE and HERE
When did you open your acct?
It is showing as PMA in my maybank2u.
Special dividend only payable by 14 Jan 2013.
I had verify the above with MBB.
You should also call MBB call center to clear your doubts, and share with us your findings.

This post has been edited by tbheng: Nov 2 2012, 07:55 AM

You are welcome...we are all here sharing info.

As in my earlier post 2 day ago, do check with your branch as I was told by the teller that if you top up RM3k and above, you get a free passport holder, valid till end of Dec 2012.
I should had open my acct on 1st Nov rather than 31st Oct.
Was also a bit confuse about their full month interest calculation.

No, you won't get the max interest if there is any withdrawal.

That is my understanding as per the "RM50k and above with no withdrawals for the month" - the last item in the table here.
Do contact the call center to verify if you really need to issue cheque, maybe they have exception for such situation. Share with us your findings. (Anyway for my case, I didn't requested for cheque book.)

This post has been edited by tbheng: Nov 4 2012, 09:00 AM

That's right. Unless MBB says cheque clearance is not consider as withdrawals. Which I doubt so.

Hi guys, new promo.

I had gone for MBB PMA promo, so will skip this one.





Attached thumbnail(s)