I guess most probably you are right and I am wrong. Anyway, seriously, OCBC Premier Banking is useless. There are so many PB customers where it takes like forever for my turn (unless I go early in the morning and wait for them to start work). Usually I go to the general banking hall - it's faster for my case (UOB and HLB too). And OCBC has no Premium credit card for PB members.

Anyway, the reason most commercial banks have PB is not for people like us here who are only interested in FD BUT to sell the banks' investment products.

The RM assign to us are mostly commission base and they earn more if they can push the banks products. Not to say deposit are not important to our RM (some do have quota too), but the real income for them is selling investment products. So in reality, those of us here who are only into FD sometimes complain that our RM(s) are not providing the service we expect whereas actual fact the RM(s) are sales personnel.

So for people who are into FD, PB status not important, but the interest rate is 

I used Rentas once, transfer mature FD into Citi bank and use my personal Citi bank cheque to "renew" my FD at Ocbc. I used Rentas because RM said it is same day transfer.

Later I tried IBG (inter bank giro) and found out if you IBG in the morning, the fund is also available the same day just like Rentas. From that time onwards I only use IBG. It is 15sen versus RM9.

Earlier if my FD due next week, today I can prearrange with RM by signing all the documents and give her the cheque in advance. Next week FD is renewed without I need to go the bank. This is very convenience because sometimes I am outstation or not free during FD maturity date.

But recently, RM said bank ruling does not allowed keep customer pre-signed documents, I have to do it on the actual day of transaction.

Yeah, that's what I feel too. They will always sell you products so they can make money and whether it's to our benefit or not, I mostly will doubt them anyway, lol...

So far I haven't really gotten the chance to compare the difference between the physical environment for Premier and non ones, but I don't think there's much difference. I personally don't fancy being a Premier customer or not for a bank because to me, I don't really need that kind of specialty. Unless there's a promo/extra interest that I can get from it, haha
Yeah, for me it's the same thing too. RM is important...some just turns me off completely.
I felt the same since I focus only on FD and I think the person managing me must be shaking her head when she sees me, lol

Anyway, 5.5% for a FD promo is really good compared with all the banks out there under this special circumstances.

Giro is via IBG, and fees for all banks is now 10cents.
Fyi, giro cut off time now for most banks extended to 12noon/12.30pm work day(depending on bank)
This means if you giro by 12noon, your beneficiary will receive the funds on the same day(different bank, different crediting time)
If compare to Rentas, rentas cutoff time is later and higher fees.

just signed up as standard chartered priority banking.. entitled for 4% FD - 6 months

which bank should i go to if i just want to put fd for 6 months?

bro, this sc promotion is applicable to existing JustOne account, u need to deposit the mentioned fresh fund in monthly basis to entitled for the 3.5% and 3.7%.. additional 0.2% for new credit card customer.. seems like now a lot of different FD campaign strategy

Yeah, I always disliked SC FD promo because they like to tie in with CC and/or current accounts and/or savings accounts (who'd actually go through such troubles unless they needed a CC or those accounts??). Makes me think they're so not sincere in giving the rate by making it so complicated. Same goes for CIMB, PB, etc. Worse thing is, even if you go through the troubles, you still earn not much compare with other good banks. That's why to me OCBC is still the best one so far.

very clever - make u open bank account and apply for CC.

Ya, I always try to avoid my RM's. Sometimes met them and they will say, "Oh, when can I sit down with you to go through your portfolio ?".
Rather uncomfortable and always have to give excuses to avoid meeting them.

When ever I sign up for PB, on the very first day itself I will tell my RM I only interested in FD Promo rates.

Dang...where was I last year when all these high rates took place!

Imagine, at a million, 5% gets you more than RM12k in that 3 months. Best return without risking any loss.

My wealth manager/advisor knows I'm more interested in FD promos, but still tries her luck in convincing me into other investments. Sometimes I don't mind because we do need to diversify. I do consider (spend time listening to her) in some of the products because it's like a 'taster' to me before I venture 'outside' without depending on the bank, lol...

Haha, good thing I'm a girl!

Yeah, agree. If you saw my other post earlier, my strategy is to tell them "Do you think I have that much money?"
And surprisingly, she'd just slow down and stop after that, haha

Btw, it's June. So far still haven't seen any new promotional rates anywhere. Hmm...

Oh, I meant worthy new FD promo aside from the ones mentioned past few days, lol...and didn't realise you update the first page cuz it was dormant for a while back then. Thanks =)

RM told me cant go for the 5.5% FD promo for current premier customer.

At least easily 20 times and it becomes my standard method to meet fresh fund requirement...IBG, InterBankGiro...sometimes people short form it as Giro..new bank negara ruling 10 sen ...earlier I have to pay RM2 after two IBG at Ocbc

Hi guys, my 1st post in this section and hopefully I asked my question at the right section.

Anyways, I'm kinda new in this FD thing and ain't really sure whats good and whats not. Here's the case:

My father just retired and had withdraw his EFP fund and he ask me to look for a good FD plan to "grow" his money in a stable way. From I read at the front page I found Affin Bank offer the highest interest amount.

And here goes myquestion is, can my father just cash out part of his money and put it as FD in Affin Bank? Or he need to create a saving account?

Hey man! Thanks for your prompt reply on this!

By the way, he cash out all the fund already, due the br1m issue. He afraid if dont take now, later the government later go bankrupt and he lost his money. Old man minded.

That's the reason why he ask me to help look for alternative way to "grow" his fund outside of the EPF accounts.

IMO, I dont think can my dad now still "park" the fund back to his EPF account anymore since already been cash out.
That's what I found from the 1st page.

Highly appreciate for more input.