Yes. So that you have the flexible timing to withdraw your first FD together with your first Smart Savers.

If you use one Smart Savers with 2 FDs (2 different FD placing dates), all your funds in one Smart Savers will "stuck" together
until the first day of the 3rd or fourth month.

Just noticed MBSB has a FD promotion at 4.2% (80% of fund) for 9 months tenure, but 20% of fund needs to put into Saving account:

http://www.mbsb.com.my/misc/Fortune.pdf

MBSB saving account interest rates:
http://www.mbsb.com.my/deposits_savings.html

MBSB is not a bank, but they operate very similar to a bank.
MBSB FD is not under PIDM protection, one of the major share holders is EPF.

In overall, Bank Rakyat's FD rates are better than MBSB.

If comparing to Bank Rakyat, I can feel that MBSB is more focus to target Chinese market.

Have you ever approached by OCBC RM to ask you to buy their investment products?

Recently they have a RMB (China currency) forex investment plan, minimum investment is
RM 70K, projected return is either 7% or no return at all, but the capital is guarantee secured.

And 1/3 of fund can put into FD to enjoy 4.00% (if I am not mistaken at this rate) for one year.

When I asked for a hard copy to study at home, the RM said no. 

What do you think of this product?

Sorry, off topic here...

Captain, recently I only place FD in UOB and OCBC (especially to target for OCBC 4.5% FD + Smart Savers),
so I have to use other bank's current account that have "weak" FD promo and convenience location just like Public Bank.

I have only Premier account from OCBC, but I think my status will be terminated soon after buying a car. 

Thanks for the info.. 

Bro, unlike SCB and HSBC, OCBC no penalty if your AUM falls below the required amount when getting the Premier Banking status. So your OCBC Premier status is for life.

I guess most probably you are right and I am wrong. Anyway, seriously, OCBC Premier Banking is useless. There are so many PB customers where it takes like forever for my turn (unless I go early in the morning and wait for them to start work). Usually I go to the general banking hall - it's faster for my case (UOB and HLB too). And OCBC has no Premium credit card for PB members.

Anyway, the reason most commercial banks have PB is not for people like us here who are only interested in FD BUT to sell the banks' investment products.

The RM assign to us are mostly commission base and they earn more if they can push the banks products. Not to say deposit are not important to our RM (some do have quota too), but the real income for them is selling investment products. So in reality, those of us here who are only into FD sometimes complain that our RM(s) are not providing the service we expect whereas actual fact the RM(s) are sales personnel.

So for people who are into FD, PB status not important, but the interest rate is 

To get this 5.5% FD promo, I have to buy an investment product which I am not interested.

Secondly, the RM is not willing to give me any investment information to study.
And his approach cannot convince me to buy their investment products.

Thirdly, I do not trust this RM.

Lastly, I do not have any more extra money.

So I cannot go for it.

Understood.

I have learned a lot from Captain. 

Usually when I walk in to OCBC Premier Room, I just go to the receptionist
counter to ask for help for my banking matters.

If we are not interested in bank's investment products but only FD, then no point for us to walk in to
Premier room to avoid embarrassment with the RM.. agree? 

Ha.. ha.. As what Captain mentioned. They are sales personnel.
At first I was not aware they were sales personnel.


I do not need the privilege title of Premier either, I just need a high profit rate.
This is what I think:

Good things in the Premier Room and being a Premier customer:
(1) Get faster and usually a bit more polite service
(2) More comfort physical environment with more comfortable sofa, CNN news on big screen LCD/LED TV, usually served with coffee,
      tea, and newspaper.
(3) Free, convenient, and reserved parking (depending on the branch location)

Bad thing in the Premier Room:
(1) Feel tense to meet RM if do not buy investment product. Luckily they provide newspaper so I can use it to cover my face to avoid eye contacts.
(2) Lock myself in a small room and cannot see anything outside in the regular hall.
Last year OCBC offered 5% but without buying investment product, only buy deposit products instead.

Kuwait Finance House: 3.88%
Bank Rakyat: 3.75%

Standard & Chartered: 3.5%, 3.7% or 3.9% (Look like a complicated & troublesome procedure for new sign-up)

http://www.standardchartered.com.my/person...ndle/index.html

Thank for the update bro. For OCBC Combo plan, best to deposit early or end of the month in order to ensure that we earn the best possible effective interest rate. I have use the image you posted above in my blog(s) and should you disagree with it, please let me know and I shall remove it immediately.

As for RMs, well, they do have target to meet with other investment products and there are not there to serve us but employed to make more money for the banks, haha.

This depends on Standard & Chartered promotion plan.

During the last quarter of last year, Standard & Chartered bank offered a very good rate at 5% for 3 months,
some of our Musical Chair members here made good money from this deal at that time.

In addition to this FD promo at 5.00 rate, Standard & Chartered also offered free Phillip 42" LCD TV if deposit minimum RM 1 million,
the RM told me under his account, he got 4 customers qualified for 42" LCD TV (excluding me).
The best rate I have ever enjoyed was from Citibank at 5.85% rate for 3 months during last year I think in April. 

But once you "fall in love" (spend time listening to her) with the RM, it is a bit hard to break out with her... 

Ha.. ha..    This is what I was trying to say:

If you listen to your RM about the investment plan, the RM will expect you to buy from them;
if you do not buy from them, the RM will be disappointed, and embarrassing moment will happen
(I personally will have this kind of feeling).

So, perhaps I will just follow Captain Gen-X Straight forward method to skip this hassle and embarrassment:
"When ever I sign up for PB, on the very first day itself I will tell my RM I only interested in FD Promo rates."

Please refer to 1st page... 

They have yet explained to me about smart saver, i feels unsecure because they like selling insurance to me, i have to put aside RM17,220 every year and accumulate till 8 years only can withdraw the fund, but i get RM2,400 interest return + RM3000 bonus (fluctuate according economic) every year and i get insured up to RM60,000, while you can enjoy saving account with 4.5% rate untill end of this year and afterward will follow normal fd rate..

MBB promo....PB..at 250k in any deposit and investment....free Nestle Dolce..Coffee Maker..

family referral also can...

You want everything...    just kidding...
Usually OCBC will have a gift for new premier customer.

What kind of gift will OCBC offer is depending on their marketing campaign.
They used to offer free RM 100 Parkson voucher (Captain received a lot  )
and gold art.

I suggest you to call OCBC hotlines first to confirm if they have any special
gift offer for new premier customer:
http://www.ocbc.com.my/group/group-home.html

Then you call RM to discuss about new premier sign-up, then before you hang-up,
you ask nicely in a soft tone: do you have any gift for me? Hopefully the RM will
give you extra gifts. 

Remember one of the Musical Chair's Golden Rules created by Captain:
Always negotiate for better FD rate and gift on the phone first before you go to bank to open new FD account. 

You want everything...    just kidding...
Usually OCBC will have a gift for new premier customer.

What kind of gift will OCBC offer is depending on their marketing campaign.
They used to offer free RM 100 Parkson voucher (Captain received a lot  )
and gold art.

I suggest you to call OCBC hotlines first to confirm if they have any special
gift offer for new premier customer:
http://www.ocbc.com.my/group/group-home.html

Then you call RM to discuss about new premier sign-up, then before you hang-up,
you ask nicely in a soft tone: do you have any gift for me? Hopefully the RM will
give you extra gifts. 

Remember one of the Musical Chair's Golden Rules created by Captain:
Always negotiate for better FD rate and gift on the phone first before you go to bank to open new FD account. 

In fact, everybody does, not only you.. 
Yes, better than nothing.

Last time when I tried to ask for gift after signed-up a new regular FD account in UOB, UOB gave me one umbrella,
and they said this to me: you are the only customer can get this umbrella, nobody else can get it.

How stingy they were.. 
Please refer to below link on Page #45:
https://forum.lowyat.net/topic/2722457/+880

Post #892
Post #893
Post #894

Just try to ask for it, you have nothing to lose. 

Dont feel bad, very likely that you didnt loose anything because very seldom bank  give free gift unless they advertised it which you dont need to ask for it. free gifts are automatically given to premier customer.

The only exception is Bank Rakyat which the members here  are comparing and competing to get more gifts