Ha..ha..

How snaky are HLB and Mach?

I do not think they are as snaky as OCBC's 4.5% FD bundled with Smart Savers..

Yes, if your FD maturity date is 28th June, you can uplift it in 28th June.

But for my UOB FD, it happened that there was no interest paid for the last day of FD (FD maturity date).



This post has been edited by BoomChaCha: Jun 16 2013, 05:57 PM

I think all UOB banker's check fees are standardized nationwide.

If you make the banker check's payee name exactly the same name on your FD, there is RM 0.15 stamp duty;
otherwise, UOB banker's check will charge you RM 2.15 per check.

You can ask UOB counter about the how to get this RM 0.15 fee before you make withdrawal.

Hello Handsome..

if you can make both FD and Smart Savers placements during the 1st day of the month,
after that you withdraw both FD and Smart Savers in 3 months later (better withdraw both during
1st day of the month), then you will get approximately 3.96% p.a. profit rate.

But you have to deposit at least RM 1000 in your Smart Savers in the 2nd and 3rd month in
order to get 3.96% rate.

if you make FD placement + Smart Savers other that 1st day of the months, you will get less
than 3.96% rate.

Smart Savers is the most tricky saving account I have ever seen in my life so far... (if bundled with FD)

This post has been edited by BoomChaCha: Jun 17 2013, 03:14 AM

I am not worried about the issue cannot make full withdrawal from EPF when reach age limit.

If the government does not allow full withdrawal when reach age limit (55 years old or 60 years old), who will
put money in EPF?


I think the same way

No, the 20% of fund has to park in saving account for 9 months, cannot withdraw until 9 months later, just like 9 month FD.

FD: 80% of fund at 4.2% p.a. for 9 months
Saving account: 20% of fund at 2.25% p.a. for 9 months
Effective rate: approximately 3.81% p.a.

But I would put in KFH at 3.88% as my 1st option.

Enjoy 5% profits per annum with the BNM Sukuk 1Malaysia 2010, available at commercial banks,
Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan National and Agrobank.

Subscription period: 20th May till 13th June 2010
Eligibility: Malaysian citizens aged 21 years and above

- Susuk will have a maturity of 3 years
- Based on Shariah principles
- Minimum subscription of RM1,000 and maximum of RM50,000
- Issuance date: 21st June 2010
- Resaleable before maturity date

Link:
http://www.offerstation.com/offers-promoti...laysia-2010.htm


I missed this opportunity

Anymore good deal like this recently..?

Oh...This is a very convenient method and can save a lot of time.

Is this online account under i-Rakyat Internet Banking tab on Bank Rakyat website like below?
https://www.irakyat.com.my/retail/security/commonLogin.jsp

I need to go to Bank Rakyat branch to register for a user name and password, right?

How do you transfer the fund from Bank Rakyat to other banks with Bank Rakyat online account?
Any fees to transfer fund?

But I do not know how good is Bank Rakyat security system on their online banking..?
How long have you been using Bank Rakyat internet banking?

Thank you so much for the useful info

I think it is a good deal, but provided if we are not going to use the money in 3 years.

I use a traditional way to withdraw my interest to a check every 3 months.

I think I will follow you guys' modern method.

Thanks so much for the useful info.

I was not aware of this Bank Rakyat online banking facility until you told us.

Thank you so much for this useful info...

You can call OCBC branch in your area.

But usually we call OCBC help line (personal banking) on www.ocbc.com.my
I do not think they (help line) open today.

OCBC 3.7% p.a. for 12 months is a pure FD, it does not link to CASA, but it needs fresh fund.
You can call to OCBC help line to double confirm.



This post has been edited by BoomChaCha: Jun 23 2013, 03:33 PM

Last time a member here calculated the effective rate for Public Bank 6.88% FD promo was less than 3.5% (I forgot the exact effective rate).

If you are looking for a better return rate, you have other options, but most of these 1 year FD promos are ending soon:

(1) OCBC 3.7% (gsc said the tenure is 13 months now instead of 12 months)
(2) UOB 3.68%
(3) Kuwait Finance House 3.88%
(4) Mach 3.6%

Do you think now is a good timing to invest in properties?

Yes, you have to bring along with the person who opens a joint account with you.

Are you comparing to Vietnam and Indonesia?

Those country currencies are weak and volatile, the currencies depreciation
can be fast.



This post has been edited by BoomChaCha: Jun 27 2013, 11:14 PM

Have you done many times like this just to add some money to renew your FD?


This post has been edited by BoomChaCha: Jul 1 2013, 01:21 AM

Did Bank Rakyat send you an invitation card for this high tea?
Or they called you?

How was the food?

As to the FD, either I add RM10k into the current matured FD to get UOB's new FD promotion rate or I issue another bank's cheque and place a new FD to get the current FD rate (fund of matured FD transfer to the other bank).

I am very surprised you can add RM 10 to your current matured FD and convert it to a new FD at promotion rate..

Last time I asked UOB if I withdraw cash from matured FD, and add some new fund to it, and then to convert two
funds (cash from matured FD and new fund) to a new FD at promotion rate on the same day, but they said cannot.

OCBC FD Promo effective 1 July until end of September 2013

(1) 13 months tenure: 3.7% p.a. (fresh fund and joint account required)
(2) 3 months tenure: 3.4% p.a. (fresh fund not required) --> but gsc's RM claimed that this promo is no longer available??
(3) 3 months tenure bundled with CASA (suggest to take Smart Savers): 4.5% p.a. (fresh fund required)

I tried to get the new brochure, but OCBC did not have the new brochure ready yet..

This post has been edited by BoomChaCha: Jul 1 2013, 08:37 PM

The Service Manager showed me the computer print out. The 3 months FD promo at 3.4% is still available until end of September.


Is this 7.43% return rate guaranteed? What's the catch? Like any processing fees?

When is the expiration date of this AU$ FD promo? And minimum and maximum RM deposit amount?

I did not find this AU$ FD promo on OCBC quarter 2's brochure.

This AU$ FD requires some Forex technical knowledge which I lack of.

Thanks for sharing