Bro ur right on the dot...

Ha..haa. you are going to be suprised.... not by china doll... but just received letter from BR stating beginning of 1 November 2013 there will be annual RM5 fee per year...

Hi can you explained or tell me more what OPR mean and what it stand for?

What lah, you know more about all these about the BR card than anyone of us .

Mine one ada cip. So RM 5 starting 1 Nov 2013 ? Then will cancel it as no more use of it now. Alreadt set up internet account. Kiem Siap person

Well you better make sure you are not being hacked to get your password.

What dolls again Well, I give up, let BCC have it. I am going back to check my internet bank FD account balance.

This post has been edited by bbgoat: Sep 6 2013, 03:21 PM

Just received letter in the mailbox.

If you cancel the ATM card, automatically Internet Account can use meh....! Not sure also but you cancel and test and let us know...

Too many password and too many login ID.. wat the heck , not bothered changing it. Some sites wont allow you to maintained the same password for too long, so wat to do, changed then changed it back to original. Poor people like me not much to worry about hacking... touch wood...

It should be OK as the ATM card main purpose is to withdraw money, use ATM terminal, internet acct initial set-up etc etc. Will ask them next week if I decide to move UOB fund to BR.

This post has been edited by bbgoat: Sep 6 2013, 03:25 PM

Googgle lah, so no need lenghty explaination. Wikipedia got good explaination there.

Overnight Policy Rate set by central bank.

This post has been edited by magika: Sep 6 2013, 03:33 PM

The overnight policy rate is an overnight interest rate set by Bank Negara Malaysia (BNM) used for monetary policy direction. It is the target rate for the day-to-day liquidity operations of the BNM. The overnight policy rate (OPR) is the interest rate at which a depository institution lends immediately available funds (balances within the central bank) to another depository institution overnight. This is an efficient method for banks around the world to practice 'Accessing short-term financing' from the central bank depositories. The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates.

In Malaysia, changes in the OPR trigger a chain of events that affect the base lending rate (BLR), short-term interest rates, fixed deposit rate, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services which is the micro and macro factors on the economic. The BLR is usually adjusted at the time in correlation to the adjustments of the OPR which is determine by Bank Negara Malaysia during one its monetary policy meetings.

After you cancel the ATM card, you'r internet banking account also will cancel as well.
No ATM card=no internet banking account

Ha ha, well done on your $AUD trading..
Yes, I knew you just ended your foreign currency FD.
I was thinking to seek for your professional opinion about this foreign currency FD.
But never mind, I just placed my 3 months 4.5% FD with Smart Savers this afternoon.
Thanks

Yes, I noticed their online system sometimes cannot work..

I always write down the new password on a note book, like student exercise book.

No, no surprised at all, everything is getting more expensive. Except your buy one free one offer..

When I was in OCBC this afternoon, an OCBC customer service trainee in lobby pissed me off when he insisted to sell me Builder saving plan that I had no free time for it.

Here is the brief conversation between me and him:

Trainee: Oh..why don't you put money in our saving account that can give your more profits and convenience?

Me: Builder saving account? I knew about it. But I am in a hurry, can you help me to proceed my things first?

Trainee: Let me explain this to you first before you place your new FD

Me: How long do you need to take to explain this?

Trainee: about 20 minutes

Me: hah..I cannot wait that long..

Trainee: Anyway it will take the same 20 minutes for us to prepare the check for you.

Me: If like this, then I go to premier room

Trainee: ok ...

Then inside the premier room, while my FD was in the middle of processing, one male RM and three young female staffs tried to persuade me quite nicely (including some light flirting..) to buy their FRNID. .under this nice and harmony moment coupled with the romantic soft yellow lighting atmosphere in the premier room.. I suddenly had this imagination.. I felt I was in a massage palace and these three young female massage for me..of course..this imagination excluded the male RM.. I quite enjoyed this moment and I had a good time there even I did not buy the FRNID..

That a funny story BoomChaCha
Which brach were you at?

I am glad that the Damansara Uptown brach was not like when I opened the FD.

Wow, handsome young man .............pursued by so many people esp 3 ladies at the same time !!

This old man will not have that privilege except people looking for his hard earned money .....

I am not a customer of OCBC, not sure in Pg they would have so many RM chasing a customer, or handsome customer (anyway me orang tua customer no one will pursue other than duit saya).

This post has been edited by bbgoat: Sep 6 2013, 11:16 PM

I also do not know why I had this kind of fantasy imagination.?

But this is true, I really had this kind of fantasy feeling at that moment, I think this is due to the nice environment,
comfortable sofa, the approaching of 3 young sexy and friendly female staffs with short skirts...

To say the branch.. no lah, why knows maybe you are the big boss of OCBC..? Maybe you are one of the sexy female staffs le..?

No lah.. they just wanted me to buy their FRNID, in this case it does not matter old or young, handsome or ugly lo..
Another reason is I know them, because I have been chasing many times of Musical Chair there..

This post has been edited by BoomChaCha: Sep 6 2013, 11:42 PM

Placed a 3 month FD at non-negotiable rate at 3.65% in Bank Rakyat.

Was given a white small towel and small tool box that contains a small scissor,
nail cutter and other small tools as gifts.

Will need to go back one more time next week to collect the FD cert, quite troublesome..

Also saw one Chinese woman placed FD there, but she did not know what a PIDM was..

This post has been edited by BoomChaCha: Sep 7 2013, 12:14 AM

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..

guys, do I need to open a savings acc with BR before I can place my FD? Same for KFH? Sorry, new here.

I think the small tool box is a manicure set. Include ear wax removal etc.

Wa, so now you go short term already ?? Did you get higher than the normal 3 month rate ?

This post has been edited by bbgoat: Sep 7 2013, 12:32 AM