RHB Junior Saving Account can yield 3% p.a. correct me if i am wrong.

What could be better than this rate?

everyone at any age can open it?

Junior means kids bro..

open under your kids name and put in there..

I know what Junior means.

it's not available to everyone >18yrs old.

comparing kids acct vs adult acct is different.

That's why we have ambank Truesavers which gives us 2.8%. No minimum amount required to maintain. No need for minimum monthly topup.

Hey guys, OCBC is now offering a brand new savings account,
interest rate up to 4.1%p/a, upon fulfilling some requirements

This post has been edited by cklimm: Oct 9 2015, 03:12 PM


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cklimm so not worth it. Need to deposit RM500, spend RM500 using ocbc cc. Better I use hl wise cc which can give 10%. Unless ocbc can come out with a cc which can give 10%.

Still cannot beat ambank Truesavers with no conditions. Ocbc not sincere.

This post has been edited by Ramjade: Oct 9 2015, 03:33 PM

well, if you managed to put 500, pays 3 bills online, you can still get 2.9%p/a interest, which is a hair more than Truesavers, and it does not have withdrawal penalties

Want to ask a basic/noob question about savings account;

I currently have some savings account which are redundant (not using anymore)...;

- What happens if I withdraw all the money from a savings account (will the bank close the account)...?

- If I only leave behind like RM50 in a savings account & not bother anymore, will the bank close the account due to inactivity...?

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1. Don't know whether you can withdraw all out via online or not. Don't think you can.But if you go to counter, then I think sure close account.

2. Inactivity is 7 years got no activity.

O I see..., thanks for the hands up.

7 years is a very long time to qualify as inactivity lol... (If that is the case then I should just leave RM50 in each of these savings account that I no longer use...)

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For what? Most account charges you rm8/year. Just close if not using. Unless your account is the type no need to pay rm8/year

Really didn't know about that... I'll check with the bank & then see to it.

Thanks.

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hi I understand that most bank if offering Basic Saving Account which only need RM20 initial deposit , which has no annual service charge on ATM card too

but recently friend of mine went to bank to apply for a BSA
bank staff told that not possible and only can proceed for normal SA

so would like to ask sifu here
does the bank really has the right to reject a person to apply for BSA account ?

if this is a "wrong action" from bank
what is the best advice ,
maybe like ask bank to provide reason in writing, etc
so that we can complaint to bnm

afaik, under bnm rules banks cannot reject ur bsa request, if they do u can file a compliant to bnm
bank hv the right to do so when u already hv a bsa with them, so u cant open another one, unless a bsa-i, or another reason is u failed the bank kyc process... bank hv right to reject ur whatever application.... based on what i know lar, someone pls correct me if im wrong...

thanks Eddy
I know that they have the right to reject ur application for applying an account if u failed ctos, ccris, bad debt , loan ..
but since they is offering an SA, that means that applicant is free from those problem
in my mind i jus can think of they die die wan to charge the atm card annual fee and higher deposit

I just notice there is missing for RHB Bonus Savers account in this thread.
http://www.rhbgroup.com/products-and-servi...-saver-account/

I am using it, and it pay me 2.65%-2.75% p.a every month of my balance.
However, to archive this, you will require to credit RM500 per month in 12 month time to step up the interest. (with no withdrawal)

The RM500 incremental every month is based on your average balance in a calendar month, so to ensure it will entitle a step up, it will be better if you credit rm500 in 1st of every month. Or else you will need to calculate the amount needed for credit in order to have average balance incremental of rm500 comparing to average balance from previous month

once your 12 month step up is complete, your account will be permanently having 2.65%-2.75% base interest rate count for daily for any balance you have in account (no withdrawal limitation, can withdraw anytime)

I have completed my step up on beginning of 2014 and now it pay me 2.65%-2.75% p.a every month of my balance.

PS:
If you worry about the annual fee of the debit card when you opening an account, which will drop you effective interest rate.
What I do is I open a Basic Saving Account with No Annual fee first. then open this Bonus Saving Account and request to link to the debitcard/ATM card on the Basic Saving Account without annual fee. Just need to ensure every 12 month to make some transfer to the basic saving account to keep the account active.

Most branch people will said cannot link, but try to ask them to check with their manager, because there is no black and white state this account could not link to any card. It took me some time when they finally agree that can be link.
*I am not sure if there a new TnC state that Bonus Saver account cannot link to Basic Saving Account anymore.

see attached for the step up calculation:


This post has been edited by edwardccg: Oct 11 2015, 09:32 AM

Why so complicated? Just open ambank truesavers which give you 2.8%/p.a. Higher than 2.65%-2.75% No topup needed, no minimum amount required to maintain. Heck even with only RM100 inside the account without any topup/month one is still able to get 2.8% interest. Even debit card is free of charge. Only drawback is 3x/month withdrawal which includes IBG/ATM withdrawal. ALL IBG is FOC if done from Truetransact (a virtual account that will be opened simultaneously with truesavers) . To withdraw, one transfer truesavers > Truetransact > IBG/withdraw.

normally bank will have bsa/bsa-i with fee or non-fee,
taking ambank for example, (if they din change the t&c).. for fee account u will be charged rm8 per year for account annual fee, they don charge on atrm card.. but upside is unlimited times of withdrawal at amnbank atm and otc service
u can op for non-fee account, u will be limited to 8 times free withdrawal at amb atm, and 4/5 times otc service... over that, atm withdrawals will charge +rm0.53(with gst) per withdrawal and rm1.06 otc service, ie withdrawal & etc.... i believe this practice widely apply to others local bank, mbb for example...

but personally i think filing a compliant to bnm is somehow waste of time, just go another bank open their bsa/bsa-i

interesting, got to check it out.
transfer from truesaver to truetransact will consider as a withdrawal count for the 3x limit?

This post has been edited by edwardccg: Oct 11 2015, 10:58 AM