First no is because banks don't allow cash contra (No actual cash change hand at the counter) as fresh fund.
2nd big big no is because if you are withdrawing cash, you expose yourself into unnecessary risks. you don't want to count substantial amount of cash at the bank counter, holding cash in the banking hall waiting for queue no, FD usually not a small amount.

Bonus saver is good only if you can withdraw from the smart saver when your FD is matured. If you continue to deposit into the Bonus saver, the money you deposited there earlier  is stuck there and can only have an max. interest rate of 2.9% only.
This is what happened to my SS now.

My FD due on 5 May and 6 May is a public holiday, Ocbc credited back on the interest when I informed them.

Current promotion is 3.55% for three months and 3.7% for 12 months for joint account.

So basically I will close the SmartSavers Account on 1st of the subsequent month to maximise the SS's month-end interest.
If my FD ends on 15-May, close everything on 1-Jun with FREEbank draft.

Ocbc 3.55% and 3.7% for 3 and 12 months, only for joint account, offer end June.

Pre-mature FD withdrawal no penalty provided....

Went to Ocbc to take up the 3.55% promo for 3 months with personal cheque.

Ocbc is still having the additional 5% on foreign currency FD promo. 1 month Aus FD is 2.3%, plus 5%. which means 7.3% which is very attractive especially now the Ringgit is strong over Aus$.
Both interest and possible exchange gain later on.

If you are premier customer, instead of 5% it is 8% if it is on your birthday...

Now the best part is if pre-mature withdraw from your FD, there is no penalty provided you switch to other Ocbc product.

My Combo Saver FD at 4.5% will be due in 15 June, I can premature withdraw tomorrow and switch over to, say Aus$ FD. The bank will still pay me full 4.5% interest till the date of premature withdrawal and I can use this money convert into Aus $ FD.
For those need to use Aus$ later, it may be a good option as Ocbc allowed not to convert back to RM but TT to your Aus$ account....

Public bank does not have this flexibility. You have to convert back to RM and hence loosing out on the exchange rate.

After the one month FD mature, you can either convert into RM or continue to deposit into Aus$ FD.

Sorry to detour here as I personally feel that with strong ringgit last two days, it is a good opportunity to play different tune of musical chair capitalizing on the Ocbc promo.

If you are close to Kuwait Finance House, why not?

Kuwait Finance House pays advance interest, but you have to go to Kuwait Finance House for
at least 2 times:

(1) place FD
(2) pick-up FD cert or collect advance interest

First visit:
place the FD

Second visit:
If I am not mistaken, Kuwait Finance House will only issue FD cert upon the check is cleared.
So, you have to collect the FD cert from KFH in 2 or 3 days later.

Third visit:
Collect the advance interest from saving account within 1 or 2 weeks from KFH. Unless if you do not
want to collect the advance interest but to keep it in your saving account instead.

KFH will pay advance interest to your saving account not later than 2 weeks.

I heard you can request KFH to send people to your office or house to collect your check for placing FD.

I have Aus$ and NZ$ FD with Citi and Public bank. I went in when exchange rate is favorable just like now. A word of caution, the exchange rate may be worst after one month, but I doubt it will drop by 7.3%.

http://www.ocbc.com.my/business-banking/Fo...ange-rates.html

Example, The exchange rate is 3.076, to drop by 7.3 % means, the exchange rate has to drop to 2.86 which is unlikely.
Sorry to take up FD space, please PM .....I am not working nor advertising for Ocbc, just sharing...

Thanks for sharing.

I think you have the talent in investment. But I do not have this kind of intelligence and knowledge. 

I do not have time to study the OCBC foreign currency FD now.

Maybe I just place OCBC 3.55% for 3 months first... 

Thanks again

The FD/SDBox promo is for premier customers only.

This SDB promo offers you a 4% p.a. FD of 3 months. Maximum placement is RM20K nia. Only in Puchong branch.
The SDB security is pretty save and sound. The new branch is a stand alone building all by itself, strong room at upper floor, dedicated lift, dedicated guard outside strong room (forgot to ask if the dedicated guard jaga 24/7 or not.)   
No worry about wall-boring thief.

Get returns of up to 4% p.a. today!
Just place a minimum of RM1,000 into your Current or Savings Account to enjoy 8-month Step Up Fixed Deposit promotional interest rates of up to 4%p.a.

The maximum 8-month Step Up Fixed Deposit placement can only be up to 2 times the Current or Savings Account placement.

FD Tenure (months)  Promotional Rate  Current 8-month Board Rate
1 - 2  3.25%  3.10%
3 - 4  3.30%  3.10%
5 - 6  3.35%  3.10%
7-8  4.00%  3.10%

Offer ends 31 July 2013

For more information, call 1 300 880 900 or visit any CIMB Bank branches nationwide.
Connect with us on:  CIMB Malaysia  CIMB_Assists

As i mentioned in another post:
"I mean no frills FD i.e. plain FD."

It is what I mean by normal. I think we all know what the normal rates are, right  ??

I am waiting for people who can help me on:
Anyone knows of UOB, AmBank and HL current 12 month FD rate ?

Effective rate only 3.475% for 8 months. CIMB FD rate is always not among the leaders that offers promotional high interest rate

Ocbc joint account FD 3.55% for 3 months, 3.7% for 12 months, 0.05% slightly higher than that of UOB

I calculate based on the info. given on that day, may be there is other info. not display. 3.097% is low, almost same or worst than normal rate.....if that low what is the promotion ?

yr calc 3.475% p.a. for 8 mths is correct.

his mistake is probably using all 3.10%, rounding gave 3.097, i think.

cimb never gave very good rates but not too low either. 1 mth rolling can get 3.20% p.a.

Straight FD ?

He didnt mention tied to CASA. It only said max. FD is 2x CASA amount balance....fresh fund refer to FD?

If fresh fund required for CASA then this is nothing new

--------------------------/-------------
OCBC NEW SAVING PROMOTION TILL END OF JUNE

4.5 % FOR 3 MONTH FD

MINUMUM FD PLACEMENT = 5000
MAXIMUM FD PLACEMENT = 2X of ur CASA account balance.
*FRESH FUND ONLY

I see HLB has 3.75% FD rate for 1 year tenure but don't know why I don't like to business with them.

I prefer UOB even the rate is 3.68%.

This afternoon I went to OCBC and found out I was allowed to open extra Smart Savers account at the same branch,
then I quick-quick placed a 3 Months FD at 4.5%, 2/3 of fund put in FD (4.5%), and 1/3 put in new Smart Savers (can get
maximum 2.9% rate if deposit RM 1k in the Smart Savers during the second and third month).

OCBC calls this 3 months FD promo as Savings Promotion.

Here is the latest promotion flyer from OCBC:

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