Oh..ooh.. ha..ha.. I am sorry, I missed a k...I think I need to zoom the text on my monitor..

Ok.. so we need to add additional minimum FD fresh requirement RM 10K (UOB) to convert the matured FD to new FD promo.
It is a very straight forward and smart method but provided if extra RM 10K is available.

All members must read this technique from bbgoat

I was wondering can we do the same to OCBC FD?

Thank you so much for sharing...

This post has been edited by BoomChaCha: Jul 1 2013, 08:53 PM

Yeah loh.. . This is a new discovery, but provided if extra minimum fresh fund is available at that time..

I just called UOB's 2 branches. UOB has only 3 months FD promo at 3.48%.
Minimum deposit is RM 10K. This 3 months FD promo ends 31 August 2013.

They do not have 1 year FD promo. 1 year board rate is 3.1% in UOB.

I am afraid your UOB RM gave you wring info.

The previous 1 year FD promo from UOB was 3.68%, not 3.7% as you mentioned.

You can call any UOB branches to verify first before you go there:
http://www1.uob.com.my/uob_branch_locator.html

Yes, you can consider to place your FD for 13 months tenure in OCBC, the FD rate is 3.7%,
it requires a joint account and fresh fund.

Alternatively, you can consider Kuwait Finance House:
For 6 months, 12 months, or 24 months tenure:
3.8% rate p.a., minimum deposit RM 20K. Effective from 1 July to 30 September 2013.

Yes, you received a special rate 3.7% compared to normal FD promo rate 3.68% in previous UOB FD promo.

I think 3.7% was the best they could offer in their previous FD promo.

You mean Premier Save Gold account requires a minimum deposit of RM 200K?

No. You do not need to open a saving account.

This is another discovery.

I just called to OCBC's help line at 1300 88 5000 for Premier Save Gold Account
as I did not find any information about it on OCBC website.

According to OCBC's helpline:
Premier Save Gold account is associated with Klibor.
But they did not how to explain what a Klibor was.

Premier Save Gold account requires a minimum deposit of RM 200K, interest is 3% p.a.

So, if anybody wants to use Premier Save Gold instead of Smart Savers, they need to have a minimum
of RM 600K (RM 400K to 3 months FD at 4.5%, RM 200K to Premier Save Gold at 3.00%).

Thanks for sharing, munkeyflo.

Usually banks will not pay interest if you make a FD premature withdrawal within the 3 month time;
if you make a FD premature withdrawal after 3 months period, banks will pay 50% interest.

For example:
If your FD is 6 months tenure, if you want to withdraw your FD in less than 3 months, banks will not pay you
any interest.

If your FD is 6 months tenure, if you want to withdraw your FD during the 5th month, banks will pay you 50%
interest for the first 5 months.

Different banks may have slight different policies. But I do not know about Bank Rakyat's premature withdrawal policy.

If you are thinking about premature withdrawal, then put your money in short term of FD.

Or split your money into few FD certs instead of one FD cert.



This post has been edited by BoomChaCha: Jul 18 2013, 08:58 PM

You'd better call Bank Rakyat's few branches to double confirm.



This post has been edited by BoomChaCha: Jul 18 2013, 11:58 PM

Simon, I forgot the minimum deposit requirement to get the monthly interest paid into your
saving account, but you can try to ask for it.

I have the same experience.

Every time when I do my banking transactions in OCBC regular counters, all tellers will
ask me why I don't walk in the premier room, this will put me in an embarrassing moment,
and I really do not like to have this kind of feeling at all..

My concern is that since helping premier customers is part of RMs' jobs, if RM are not willing
to help, this means OCBC and RM are not doing their jobs and they are not professional.

Unless if OCBC stated clearly RMs only help premier customers in investment plans, other banking
transactions will not be entertained.

In fact, out side counters are more helpful in providing update FD info rather than RM.

In overall, I do not see any practical benefits of being a premier customer.

Yes, you can. It does not matter if you are a muslim or not.

This post has been edited by BoomChaCha: Jul 22 2013, 10:51 PM

Are you talking about Ambank FD promo which will end this month?

http://www.ambankgroup.com/en/Promotions/D...ePromotion.aspx

What do you think of this foreign currency FD promo from Am Bank?

http://www.ambankgroup.com/en/Promotions/D...CurrencyFD.aspx

You place for 6 months ma..

if you place RM 10K at 3.1% rate for 12 months, you will get slightly lower than RM 310
interest (interest calculates on daily basis).

If you place your FD on 5 August, interest will pay to your saving account on 5 September, then 5 October..and etc..

If you place your FD on 10 August, interest will pay to your saving account on 10 September, then 10 October..and etc..

OCBC FD Promo until 30 September 2013


Part 1: Part 2:

From RM20,000.00 to RM99,999.99 can get 2.80%

http://www.affinbank.com.my/rates/ratescon.htm

I cannot find this 3.48% FD promo on UOB website..

If you want to confirm if this 3.48 % is still available, you can call one of their branches:

http://www1.uob.com.my/uob_branch_locator.html

This post has been edited by BoomChaCha: Aug 1 2013, 08:22 PM