Take up another Bonus Saver at Ocbc. A person can open up mutliple SS account. Example with spouse, children etc..in this way you are not bounded by the trick of perpertually tied up the SS fund.
The counter girl tod me IBG is FOC for premier cistomer. Then I told her a saving of 5 sen big deal...earlier .was 15sen for first two IBG...
The staff tried to sell a principal guaranteed product, 18 months. Either 0 or 5.56%. Surprise still got people invested in this product...

This post has been edited by gsc: Jun 17 2013, 10:33 PM

My last experience earlier this year was 4 days after the FD was placed.

For my case just few weeks ago, it was the next day. Perhaps they changed policy.

I thought BR only gave higher FD rates to introducer, now they have free money too? Kindly tell more.. scrolled through past couple pages, can't find info

Wow, my maturity date is more than 60 months away


Weeks have passed...my referrer has visited his BR branch twice to update his SA but couldn't trace the incentive. Is there any other option to check it instead of going over to the counter to update the passbook?

can anyone tell me what does "joint depositors" mean?

Was trying to revive discussion on BR since it got the highest interest rate but somehow just didn't catch on till now..

I was trying to clarify the same thing earlier too, apparently, it is not giving the introducer higher rate but
the introducer gets 0.1% interest on the introducee's first FD deposit.


I think the best is if you can locate back the same teller who served you & try to always deal with the same teller as it is easier to get things done once they recognise you. Somehow alot of such decision lies on the branch itself so i don't think it will be easy to ask over the phone.


By the way, I too want to know what is the criteria or deposit range to get invited for BR's events

"Joint depositors" means to open a deposit account with two or more people.

From the various replies, it seems to me that diff BR branch may give out the incentive at different time.

For me, I use the online account to check monthly interest credited. Also to transfer the fund to other banks as well. So I think an internet account is the best way to check instead of physically going over to BR to update the SA passbook. Now I don't have to go to BR unless I plan to deposit money there.

This post has been edited by bbgoat: Jun 18 2013, 06:42 PM

Ha ha, I think it is slightly higher than the amount you placed last time (which you have shown in this thread).

Anyway I believe it is branch specific as they would want to limit the number of people and if the area has lots of RICH people deposit money in BR, then the limit set maybe higher. Also maybe dependent on your relationship with the branch manager or ABM ??

Not invited.
I guess I'm a small fish amongst many other big fish in my area.

Must make sure that introducer is single name account not joint .

Diff location will hold it at diff times. Be patience ................

I wonder if they take into account the total amount placed in all branches.

Not sure as I only placed in 1 branch. The invitation is from that particular branch and first time for me since placing FD in BR late last year.

I am a retiree (67) but still hold an account with EPF with some cash.
Since EPF is paying much better dividend than FD or TD,
I am thinking of putting a certain sum into my account monthly.
Have check with EPF and was told that I can contribute min RM50/mnth and max RM60K/yr.
Any downsides to this scheme?
Would appreciate feedbacks from participants.
TQ

wow had no idea can deposit into EPF, u probably will get better than bank rakyat rate

Did you ask them what if you need to withdraw the money ? If you do not need the money then it definitely will gain you more interest as compared to bank FD (based on current trends).

For those below retirement age, I would think the downside is likely to be not as easy as bank FD to withdraw back the money (as they can add <RM60k per year into their EPF account).

This post has been edited by bbgoat: Jun 20 2013, 09:05 AM

You can deposit in one lump sum RM60k if can afford to enjoy the high dividend. Since you are 67, any rule on age limit withdrawal will not affect you, by the way EPF is proposing only full withdrawal at 60 for new EPF member.
The only downside is government may not allow full withdrawal on total amount. This is not likely as many retire people will jump...
On the positive side, assuming 60k in EPF with a dividend of 6% which is equal to 300 per month income...if there is no need to use the money, I will deposit 60k to enjoy the high return...

MBSB promotion 9 months FD for roughly a return of 3.8%. 80:20 similar to Ocbc previous offer, 80% FD and 20% saving account. I wonder can we withdraw immediately the 20% earmark in the saving..the FD rate is 4+% (cant remember the exact number) . Offer till end of Aug which is a good alternative should in July month Ocbc, UOB lower their rates...

This post has been edited by gsc: Jun 20 2013, 10:31 AM

in fd when they mention "fresh fund required" mean new fund?