What's the best bank to place fix deposit for 10k ?

6month or 1 year is OK for me,any suggestions??

Greetings guys, i was planning to place some money in FD with OCBC after doing some reading and comparing the rates. My question is does OCBC and OCBC Al-Amin practice the same rates on their FDs and Smart Savers account ?

Greetings guys, i was planning to place some money in FD with OCBC after doing some reading and comparing the rates. My question is does OCBC and OCBC Al-Amin practice the same rates on their FDs and Smart Savers account ?

I have enquiry on the hong leong sweet FD 3.75%

The T&C mention new fund only.
I am planning to use MBB interbank GIRO, as I left my passbook in my kampung, cannot get banker cheque.
How should I transfer the money?
1. Open the FD with an amount first in Hong Leong? Then perform interbank GIRO from MBB to the account number provided?
2. Or i shall transfer the money to my Hong Leong current account first? Will it still consider new fund?

UOB latest FD Promo effective 1st March to 30th April, 2013
Minimum deposit RM10,000 (new funds)

3 months @ 3.5% p.a.
12 months @ 3.7% p.a.

For 2 you have to inform the bank first then only considered as fresh fund. I have similar experience before and the bank staff told me I have to inform her the amount and she will monitor.

For OCBC, fund coming in from other bank within 3 days still considered as fresh fund.

For 1 not sure. If your place has Mach branch, might as well open Mach account.

Ok, so I have to go to bank first to inform the staff?

I can't place in MACH place, MACH only available in klang valley.

New Zealand considers Cyprus-style banking failure solution
Published time: March 19, 2013 09:59

Banking, Crisis, Economy, New Zealand

New Zealand depositors could face a Cyprus-style tax on their bank accounts, as the government is planning to impose a similar strategy on its banks warns the country's Green Party.

New Zealand is facing a similar bank failure to Cyprus, is likely to adopt open bank resolution (OBR), which will see small depositors lose part their savings in favour of a big bank bailout, Green Party co-leader Russel Norman said. The country’s Finance Minister Bill English supports the open bank resolution.

"Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand," said Norman, adding that the Reserve Bank is in the "final stages" of implementing an OBR system.

New Zealand banks’ depositors will have their savings cut by a certain percentage needed to keep their bank afloat.

The Green Party however has major doubts, that OBR tactics is appropriate here. Norman underlined, that few depositors can reasonably evaluate the reliability of their bank. “Not even sophisticated investors like Merrill Lynch saw the global financial crisis coming,” he added.

Norman believes that OBR policy is too radical saying few OECD countries use it, preferring deposit insurance schemes.

"A deposit insurance scheme is a much simpler, well-tested alternative to open bank resolution. It rewards safe banks with lower premiums and limits the cost to taxpayers of a bank failure… [They] protect people's deposits up to a maximum ranging from $100,000 to $250,000," he said.

http://rt.com/business/new-zealand-cyprus-...e-solution-477/

if you know what's going on in cyprus, it's about to happen in new zealand. its is this kind of situation that makes pidm invaluable. of course, will it ever happen in boleh malaysia? u decide...

Any of you guys here checked out OCBC's builder plan ? any comments on it ?

I would advised you to stay away from such schemes. As it is, the promoters will not let you know the actual payout. Did the discussion before n lazy to repeat.