Are you going for the 3.55%/3.7% promo? Quite a hassle to do a joint account, but 3.55% seems decent after you're done with the 4.5% promo.

How do you get the free bank draft?

When you close account from OCBC, you get FREE bank draft to take the funds out

Nop, verbally only

I will check if they will provide new cert for the auto-renewal. Thanks for highlighting.

I already have a joint account thus not that difficult for me.
Bonus saver three months, mature move to joint FD promo, then back to Bonus Saver or something equivalent...

Request for new cert. Mine also auto renewal and believe me amount must tally. Accept no excuses.

Hi guys, I have a question here. Let's say my FD maturity is today, can I withdraw today and still get the interest fully paid or better to do it tomorrow?

This is under OCBC bonus saver promo. I like to withdraw my FD into SmartSaver then transfer all funds in SS into my OCBC homeloan capital repayment.

Thanks.

Yes, mature date is the date you can withdraw your FD. What is the OcBc house lan interest?

OCBC homeloan is BLR-2.4%=4.2%

I just checked my ocbc online.. my funds under bonus saver promo in SmartSaver acc still yet to make available, is that means I have to wait until next month only can transfer out this fund?

Maybe it will be released after 1 day of the FD maturity, since it was "made-not-available" 1 day after FD placement

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This post has been edited by bbgoat: May 8 2013, 11:09 AM

Well, high risk, high gain. Timing is important including exiting for UT. Don't count your chicken before it is hatched !!!

Thanks for the home loan info. Low interest loan.

SS fund should be available, please check today or tomorrow.

magika, when you get 4.20% p.a. from BR; did you simply put forth that figure at will and insisted on that amount for their consideration or was it a specific figure that BR has imposed on customers based on accumulated amount of $$$?

he..he.. at will.initially asked for 4.06%, later deposit asked for 4.11%, after that asked for 4.16%, lastly asked for 4.20%.
eventhough i got what i asked for, i dont think i will asked for any more later, he..he

I am so getting the ocbc FD for its safe box

Waaaaah, respect you la!

When you nego your way from 4.11% to 4.20%, the branch manager just gave in to your demand or do you have to wait for higher ranked officer for approval?

i think extra 0.05% manager direct approval. The rest have to wait for their HQ approval.

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.

This post has been edited by gsc: May 9 2013, 12:06 AM

gsc, thanks for taking time to write this!

I actually never tried nor really know how to go about with foreign currency FD but if the same theory applies, isn't 7.3% really high? I guess it's not as straightforward, otherwise they won't give so high?
So is it the same if we look at SGD...after maturity, it has to go to a SGD account (this account...we create kat mana?)

Sorry for adding so many questions So did I read it correctly that you're going to prematurely withdraw some of your 4.5% FD to put into the foreign one?

Oh, and did you consider Kuwait Finance House on its 3.88% promo? Don't like it?

This post has been edited by pinksapphire: May 9 2013, 12:35 AM

"If you are premier customer, instead of 5% it is 8% if it is on your birthday..."
What do you mean by .."if it is on your birthday?"

Do you know the minimum and duration to put into this OCBC Foreign Currency FD?

What are the disadvantages to invest in Foreign Currency FD?
I personally feel like probably it is like a gamble to play around in Forex?

Is this 7.3% a guarantee return?
I do not think OCBC will give away 7.3% so easily.. we must always remember the principle of high risk high return



This post has been edited by BoomChaCha: May 9 2013, 12:49 AM