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Let's grow your deposit with us and enjoy extra returns of 1.25% p.a when you perform Interbank GIRO (IBG) transfer to your Maybank account from now until 31 October 2014!

What you have to do is just follow three (3) simple steps below.

Step 1: Consolidate your fund from other banks by performing IBG Transfer into your Maybank Accounts

Step 2: Ensure your minimum account monthly growth is equivalent to total accumulated inward IBG Transfer**

Step 3: Earn extra 1.25% p.a on IBG funds up to RM 100K

Note: ** For the month of August 2014, IBG transactions monitoring will begin on the 15th, whilst monthly growth will be calculated from the 1st or full 31 days of the month.

More Info: Maybank | T&Cs

anyone here having OCBC SmartSavers account?

got a question: assuming no withdrawal at all, when is the best time to deposit? early of the month or later of the month?

since the interest is accrued daily, my thinking is that it'd be best to deposit as early as possible.

e.g. deposit RM1k on 1st of the month, of which will get the 3.05% p.a. interest. based on interest calculation, it will take each day's balance starting 1st until end-of-the-month.

is my assumption logic correct?

Referecen: OCBC SmartSavers - Product Information Sheet

haha yeah, especially 1st Nov where it was on Saturday, IBG wont work

nvm le, i already IBG yesterday. just keeping the acct alive with RM1k deposit per month, to get max 3.05% p.a. interest rate.

OCBC e-SmartSavers Account [ OCBC | Promo T&Cs | FAQ | APPLY NOW ]

When you open an online SmartSavers account with us from now until 30 September 2015, you will receive a special* interest rate of: 4.00% p.a.

*Rates applicable on account balances until 31 December 2015.

If you withdraw money within the month, you will only receive 0.5% interest a year.
If you deposit minimum of RM50 monthly, you will be enjoying 4.00% interest a year until 31 December 2015.

Additional info clarified by CS:

1) You need to deposit RM200 as account opening deposit (similar to opening a new savings account). Then another RM200 to activate the e-SmartSavers account.
2) Transfer of RM200 for activation must be from other banks via IBG or deposit via walk-in to OCBC branch.
3) Subsequent monthly deposit (min RM50), must be from other banks via IBG or CDM. Intrabank transfer from other OCBC Savings account (e.g. SmartSavers) will not be eligible for the promo rate. That means, to enjoy the 4.00% p.a. promo rate, you need to begin from new fund deposit. <-- workaround is to cash-out/IBG out then bank-in to e-SmartSavers instead.
4) e-SmartSavers account closure, need to visit the Preferred OCBC Branch (selected during registration from eForm).

Some FAQs...


OCBC e-SmartSavers can now be opened directly in Internet Banking portal for existing OCBC customers



This post has been edited by cybpsych: Jul 9 2015, 07:15 PM

m2u savers: need at least rm2k daily remaining balance to "activate" the interest, if dropped <rm2k, no interest.
m2u savers-i: below rm2k balance will also get 0.40% p.a. interest. if >rm2k, interest comparable to m2u savers.

yes, m2u savers/savers-i can be opened together with your basic savings account. try it in m2u


ocbc smartsavers' interest depends on the deposit amount and if there's withdrawal. if no withdrawal, you get higher interest based on the deposit during the month.

Hong Leong Bank: Savings/Current Accounts - 123-Day Cashaway Contest
1 Jul 2015 - 31 Oct 2015

More info: HLB | T&Cs (EN) | T&Cs (BM) | T&Cs (CN)



This post has been edited by cybpsych: Jul 2 2015, 04:24 PM

read the links i gave you earlier.

interest will be calculated/accrued over daily remaining balance, and will be credited on monthly basis.

mind you, interest % is per annum (p.a.) basis.

which bank are you referring to? you never said which one to discuss.

both banks have diff requirement: maybank's no need to deposit, must maintain balance >rm2k. ocbc's need to deposit to trigger the tiered-interest.

for maybank
^-- yes correct, that's roughly for monthly interest gain. for 2k, u gained about RM3.xx per month, without any deposit.

for ocbc
^-- same as above. that's why it'd be better that you deposit rm800 as early of the month so that the interest will calculate early

for me, i always deposit rm1k during first working day of each month. example, tomorrow 1 July, i'll deposit 1k and leave it untouched. by end month, the interest will start calculate on each daily balance, from 1 July until 31 July.

This post has been edited by cybpsych: Jun 30 2015, 03:24 PM

the 1k deposit is just to trigger the highest interest tier 3.05% p.a.

subsequently, interest is calculated on remaining balance you have, each day, including the 1k deposit

it's kinda confusing at first.

some general rules (in my opinion lah) between choosing m2u savers/saver-i -vs- ocbc smartsavers:

1) able to maintain rm2k balance: m2u savers & ocbc smartsavers (provided criteria 3 & 4 are met to get the interest).
2) frequent access to deposit: m2u savers, provided criteria (1) is met to get the interest.
3) no immediate need for the deposit: ocbc smartsavers, provided criteria (4) is met to get the interest.
4) able to deposit at least >rm50: ocbc smart savers, provided criteria (3) is met to get the interest.

first choice: m2u savers due to fund accessibility and low requirements, worry-free account management (just treat it like a normal savings account).
second choice: ocbc smartsavers due to higher interest rate, but slightly higher requirements on deposit to trigger the interest tier.

both banks calculate interest on daily, credit on monthly.

yeah, that too, but since it's fairly new and no customers shared their expererience here

perhaps chrischiang can review this too.

can refer here but others have higher deposit requirements.

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Campaign Period: 1 July 2015 to 31 October 2015

Stand to win cash prizes, with a total of RM2.2 million up for grabs!

When you bank with CIMB Bank, you stand a chance to be rewarded for your day-to-day banking. The more you open, save, pay or swipe the more entries you earn for a chance at winning cash prizes.

Winner selection criteria:

Grand prize winner
Shortlisted Grand prize winner will be contacted via telephone and shall be required to answer two questions correctly before being declared a Grand Prize Winner.

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The first 300 shortlisted participants will be contacted via short messaging system (SMS) on their mobile numbers and shall respond by answer a simple questions (TRUE/FALSE).

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This post has been edited by cybpsych: Jun 30 2015, 08:49 PM

TRUE is flat 2.8% p.a. interest rate. deposit any amount.

yeah, seems like a no-frill account

read more from the FAQ

17: Do I need to make a fixed amount of deposit to TRUE Savers Account in order to enjoy the 2.8% flat interest rate?
 No. You can enjoy the flat interest rate of 2.8% p.a. when you deposit your money (any amount) into the TRUE Savers Account.

18: How will the 2.8% flat interest rate be calculated and when will the interest be credited to the TRUE Transact Account?
 The interest rate is calculated in daily basis based on day-end balance in the account. The interest will be accumulated in accrual bucket and will be auto-credited into TRUE Savers Account on the last day of the month.

yes, as per T&Cs.

they're just introduced e-SmartSavers with high interest just to get new accounts created (useful for non- e-SmartSavers customers).

i'm already having SmartSavers, not gonna spend the time/hassle creating eSmartSavers. Furthermore, opening/closing account is tedious (similar tedious process like traditional savings account).

if e-SmartSavers works like M2U Savers/Savers-i, then it'd be great

Affin Bank: Revision of Deposit (CASA) Rates effective 1 August 2015

http://www.affinbank.com.my/General/Notice...e-01082015.aspx


Affin Bank: Customer Notification

http://www.affinbank.com.my/General/Notice...ication-AS.aspx

Please be informed that AFFINBANK and AFFIN ISLAMIC will cease issuing monthly savings account statement effective from October 2015.

Effective December 2015, you will be receiving the quarterly savings account statement. The statement for the quarter December 2015 will contain transactions from October 2015 to December 2015.

Public Bank: GoBuster 2015 Campaign [ PBB | T&Cs ]