Education is not the only way as not all children can study. I would like to say as parents we have to make sure they have a living skill.....skill to repair car, skill in repairing electrical and electronic items, skills in tailoring, skill in machining etc just a living skill which they are expert or good it, that will be enough...parents assets will be added on as bonus in life...

US$ to ringgit has been hovering around 3-3.1 and I have just converted last month when it hits 3.18...didnt expect ringgit to drop even further

This post has been edited by gsc: Aug 28 2013, 10:31 PM

Please refer to first page...PIDM or non-PIDM, 12 months or 3 months...all have different rates..

Want the customer to have more banking transaction apart from FD placement only.
To project high FD interest rate but actual is lower due to CASA placement..

Very soon, I think more banks will be using this tactic to encourage more banking transactions, sign up more bank products etc ...no free lunch in this World...

Too many China dolls, make you see asset as ........

...children inheritance = your current asset + cash
Gen-X is correct spend it together with them and enjoy the family time ...

Bad news from Ocbc the Mega saver 4.5% for 3 months FD will end on 10 Sept instead of end of Sept.
i was thinking of switching over to Ocbc when my SC mature in 3rd week of Sept..

This post has been edited by gsc: Aug 29 2013, 11:13 PM

I mentioned bfore when Ocbc started the bonus saver. The requirement ia 10% of FD which is different from 90:10 ratio.

It is 10% of FD, means if FD is 90 then CASA is 10% of 90=9.
In your case, yourvFD is 100, 10% of FD is =10.

Ocbc then get smarter change it to ratio..

I know you are referring to RHB. What I am trying to say here is Ocbc was using the same term, % of FD and now they have change it to ratio ...this % of FD interpretation can apply to any bank..

Ocbc has brought forward to end the Mega Saver on 10 Sept. Ocbc other offer is 3.3% for 9 months. It seems that banks has changed the promotion to longer period, 9 months or more with a rate lower than present....SC 3.3% for 12 months....

two weeks ago RM sms 3.3% for 9 months , i think this new promo still on.

This post has been edited by gsc: Sep 2 2013, 11:39 PM

I am looking for 3 month ...for may be 6 months since many banks are lowering down their rate..

MACH Gurney Paragon Penang, 1st Mach in Penang 3.55% for 3 months , minimum rm10k, end Oct..compare to KL 4% promo earlier..this is comparatively low...again a sign of interest rate going downwards....

I told Ocbc staff about this Mach and Mach FD rate will be better than that of Ocbc after 10 Sept..Ocbc staff not even know about the existence of Mach...not surprise too when Mach first started up in KL, I asked Hong Leong bank staff about Mach, they also dont know about it..

This post has been edited by gsc: Sep 3 2013, 11:56 PM

RM confirmed today still available till 10 Sept. I dont usually call the help line because they tell what they saw on their website which is not updated or sometimes they just tell whatever come across their minds. This apples to most banks 1-300-xxx.. line...

I always prefer call the bank staffs direct as they are the one hands-on opening and closing account..

What is rate offered for housing loan by Citi? The FD rate at Citi is miserable but the service in general is better than that Ocbc.

The 3.7% is for 13 not 12 months..

I always tell them if so good why dont yourself invest in it...

Withdraw Aus$ FD yesterday at an exchange rate of 2.966 but today goes up at 2.982...still not too bad...capitalize on the +5% offer by Ocbc...

I just ended my foreign currency FD. Have to wait for better rate. Last time the rate I bought was 2.916 and I converted it back to RM at 2.966 yesterday..

I made 10% return on Aus$ FD. Was told that the additional 5% on foreign FD will end on 10 Sept. will open Mega Saver next week before promotion ends.
Ocbc staffs also try to sell FRNID to me. But since I was burnt by Public Bank capital guarantee structured fund before, I am not interested in investing into any simialr product...on the surface, it sounds attractive but I am sure there are T and C unmentioned...

my other 5 years structured product is performing at 118% after 3 plus year. A wiser choice is to capture the gain now instead of waiting for maturity (5 years ) as it will dilute the return. But to stop now, there is a penalty clause..the person who sold me the product is no longer working...the current colleague also not much helpful in answering questions.... My points is they are only interested to sell to get the commission and 5 years is a long period, it is better to stick to the FD..

Yes..mega saver...last day is 10 sept...

No Foreign Currency FD because the RM is weak against Aus$...

RM wont feel anything if you are investment is no good. To them you should read and know the risk....or they may ask you to invest in other product to cover the lost..