There no such thing as 1 time fee for ATM.
Official reply from bank rakyat
Sorry, we are not provided a free annual fee charges for an ATM card at Bank Rakyat. We will charge every RM 8.00 every year.

goat, reading your posts on this cimb frind thing, i have the same one.
bad news is it is 10 yrs.
good news is 5.2% beats the shit out of everything else!
the other good news is unofficially, cimb tells u if u need to, they will offfer u od at a lower interest, at least until they exercise the call.
u r rite... the one before it was higher at 5.5%, if i remember correctly.
after that, it got lower.
the thing is it is now into 1.5yrs, not called yet whereas all others before it have been called.
i expect it to be called in nov, soon. then from 5.2% -> 3.6% uob?


boom, just a quick browse, i think hat ocbc frnid is similar as the cimb ones but lower interest.


cherroy, agree frnid is not fd. but is there a thread on frnid? i seached for it, nothing. not sure if it's because it's frowned upon as i remember reading a couple of negative comments on it...?

maybe boom can start a new thread then. i think frnid is fine product as long as u know wat u r in for.

Ha.. ha.. I guess I feel more comfortable to put money in BR rather FRNID (NOTE: FRNID is not FD).

Let's say if we place RM 100K at 3.5% p.a. for 1 year FD, assume if the 3.5% interest rate remains constant for the
next 4 years, the total compounded interest earned for total 5 years is RM 18,768.63.

Year-------- Year Interest------ Total Interest
1----------- $ 3,500.00 ------ $ 3,500.00
2----------- $ 3,622.50 ------ $ 7,122.50
3----------- $ 3,749.29 ------ $ 10,871.79
4----------- $ 3,880.51 ------ $ 14,752.30
5----------- $ 4,016.33 ------ $ 18,768.63

-----------------------------------------------------------------------------

Here let's assume if we put RM 100K in OCBC FRNID at 4.5% p.a. for 5 years, if everything goes smoothly,
the total compounded interest earned for 5 years should not more than RM $ 24,618.19.

Year----- Year Interest-------- Total Interest
1-------- $ 4,500.00 -------- $ 4,500.00
2-------- $ 4,702.50 -------- $ 9,202.50
3-------- $ 4,914.11 -------- $ 14,116.61
4-------- $ 5,135.25 -------- $ 19,251.86
5-------- $ 5,366.33 -------- $ 24,618.19

-----------------------------------------------------------------------------

RM 24,618.19 minus RM 18,768.63 = RM 5849.56 (an optimistic figure)

So the difference is RM 5849.56, but no guarantee will earn this figure...

Is it worth it to invest in OCBC FRNID for 5 years just to make additional RM 5849.56?
I think this depends on individual preference..

I used this site to calculate compound interest:
http://www.thecalculatorsite.com/finance/c...tcalculator.php

OCBC RM called me this afternoon to follow-up if I was interested in this product, he said OCBC has sold more than
RM 20 million of this FRNID..

You can see the 5 pages of OCBC FRNID's terms and conditions on my Post #2373 on Page #119
https://forum.lowyat.net/topic/2722457/+2360

This post has been edited by BoomChaCha: Sep 6 2013, 12:53 AM

Yes, FRNID may be another good option to consider, but I always try to remind people that FRNID is never a FD.
Since it is FD thread, therefore need to highlight the issue, just in case many confuse about FRNID and taught it is similar to FD.

The real fact it is not, but a type of investment.

As even some also confuse about insurance saving plan as FD as well.

Btw, OPR maintained at 3%, as expected.

I just got MY BR ATM card today.

The BR officer told me the ATM card is only charged for one time fee for RM 8.00,
no more annual fee.

My BR ATM card is printed with Kad COOP...

I guess maybe we have FD there, so we got special offer for one time fee for RM 8.00..?

Thank you so much for the update..

This post has been edited by BoomChaCha: Sep 5 2013, 10:12 PM

Thanks, saved me from answering on this ATM annual fee issue.

Ha ha, we are in the same boat !! I think the one before it was even higher than 5.5% but have to dig out old documents to check.

I think if they recalled it, it may be good as I think 10 years is too long. The CIMB BM also told me likely it will be recalled as I was hesitating on the 10 years term. Now knowing more about it from Cherroy, I will be happy if they terminate it earlier !!

This post has been edited by bbgoat: Sep 5 2013, 10:25 PM

For the new Klibor structured product that I received the info from banker.
5 years 4.5%, if do not exceed the threshold barrier

But I noticed another important line.


This is a big disadvantage clause (I experienced before)

Bank may terminate the product, when situation unfavourable. So no more good yield for investors further.

While when situation is unfavourable to investors, aka when investors get 0% due to shoot beyond threshold barrier, bank may let the product continue to run until mature.

Unless the termination clause is set according to certain condition, then may be fair.
But if termination is based on wish of the bank, then personally won't bother to look further.


This post has been edited by cherroy: Sep 5 2013, 10:44 PM

hehe... as expected, pretty negative on frnid.

no need new thread!

banks seem to be selling billions of them, but can't sell here, i guess...

I do not know the CIMB structured product, so I am not in position to comment.

But to commit a structured product that is 10 years tenure somehow I do feel a bit too long. Just my view.
5 years is already long enough, somemore x2, 10 years, means capital locked in for 10 years and no touch.

Is your BR ATM card printed with Kad COOP?

I think the iRakyat website is quite useful, I can see my saving account amount and FD amount there..
Ha ha.. my Titanic feeling has decreased a lot suddenly..

Thanks for asking me to apply for BR ATM card, and also remind me to use iRakyat site.. You are one of the bests la..
but still I do not need a stretcher...

This post has been edited by BoomChaCha: Sep 5 2013, 10:36 PM

Do you want to invest in this Foreign Currency Time Deposit Deal..?
This promo is still available until next Tuesday..

Yes, my card is printed with Kad COOP also.

Yes, I have been logging in at least 2 times a month and xfer interest over to my main account.

Keh keh (coughing), old man glad you are happy ! Ya, young man is strong and can go on PK'ing, while me ? Aiya, look into banks website and check interest and smile as interest accumulate .................

I am curious what is the difference in between Kad COOP and regular BR ATM card..?

I hope iRakyat online security system is up to date.
And we'd better change our password frequently.
I think there is pro and con to use ATM card and iRakyat online system, provided the online system is 100% secured.

We can use BR ATM machine to transfer fund (from RM 3K to RM 5K per day) to other banks on the same day, but it will charge RM 1.

Wah..hah.. check interest coming every 2 weeks.. Really Steady...

This is true, Kad COOP does not charge annual fee, but just need to pay one time application fee for RM 8.00.
Check out this link please:
http://www.bankrakyat.com.my/web/guest/kadcoop

Hua....Just noticed you also cc to 5 more BR staffs on your email...

This post has been edited by BoomChaCha: Sep 6 2013, 12:22 AM

I think not worth it becos we need 2 big IFs ie
1)The best scenario happens, KLIBOR does not move out.
2)The bank continue to pay and dont call back.

Structured product i had bad experience before , Bank always win, KILBOR within range, it can call back and you dont get that 4.5% for long.KLIBOR out of range, when they dont need to pay interest they will keep continuing till the very end, we lose.

HLB RM called to inform a new retail bond coming up soon with coupon rate about 5.5% pa, sounds good. Hope it is a real bank bond and not some UT or FRIND with much higher risk of not getting what is said.

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..

Well, I don't even know BR has this Co-Op card and normal ATM card. When I applied, I just want an ATM card which allows me to set up internet account application. Luckily the counter girl know this kia si guy do not want to pay extra every year !!

Since our FD is not eFD, the risk on the account should be more on the SA cash. So long as I xfer it out every so often, then I am not worried about it. Their system has some problem (diff to log-in, slow etc) months ago, but recently seemed to be more stable. All the GIRO xfer done no issue so far.

I won't change my password for this account frequently unless some issues comes up. Even my other online accounts, also the same. But I do agree that it is better to change the password regularly.

This post has been edited by bbgoat: Sep 6 2013, 08:12 AM

Sorry guys.. can anyone tell me that what is OPR stand for? or what is OPR mean?

Kad COOP bercip can function like normal Atm card and internet banking. Cost RM5 pa starting from 1 November 2013.

Kad COOP tanpa cip function like loyalty card but without Atm n internet banking function. Free for what purpose ?

MBB Atm got yearly charge or not also dont know ?
OCBC, Hong leong, STD CHARTERED ??? Anyone ?

I hate changing password for all types of account. Nowadays use password software to remember login id n password for everything under the sun..


This post has been edited by magika: Sep 6 2013, 02:59 PM