No problem.

You have to have a Kuwait Finance House saving account so that KFH can deposit the advance
interest into your saving account.

If you are in Penang, KFH Penang will provide free parking.

I prefer a longer term of FD (like 6 months and above) so I do not need to spend time to renew FD
and monitor new FD rates... it is very tiring..

Thanks for sharing.

I think you have the talent in investment. But I do not have this kind of intelligence and knowledge.

I do not have time to study the OCBC foreign currency FD now.

Maybe I just place OCBC 3.55% for 3 months first...

Thanks again

Yes, can get a better rate if the tenure is longer.
For example: place for 5 years or 61 months..

The rate for 5 years FD in Bank Rakyat is negotiable, depending on the Ringgit amount.
But the rate for 5 years in MBSB is straightly non-negotiable, regardless of the Ringgit amount.

But I think this depends on the branch (Bank Rakyat) how do they "fight" for the best rate for us..

Can request Bank Rakyat to deposit monthly interest into your Bank Rakyat saving account, if you can meet the
minimum FD deposit (I guess is RM 10K or RM 20K? I am not sure).

For 5 years FD in MBSB, MBSB will pay interest (issue check) every 6 months, so will receive 10 checks
in 5 years time.



This post has been edited by BoomChaCha: May 9 2013, 04:41 PM

Can get 4.6% if place for minimum 61 months tenure in Bank Rakyat.

I had the same thought just like yours few years back. But 5 years time is passing so fast,
the profit different in between 4% (for example) and 4.6% is significant in these 5 years time.

Whether the interest rise or drop in these 5 years, it is a gamble. It depends whether if we want to
enter this "casino."

Bro RO, you can consider to put in Affin saving account for 2.8%. Can withdraw anytime since it is a saving account.
But issue a check from Affin saving account will cost you RM 5.00

This 2.8% promo for Affin saving account will end on 30 June 2013.



This post has been edited by BoomChaCha: May 9 2013, 05:19 PM

It depends on banks.

For UOB, you do not get interest on the last day of the FD.
For OCBC, you will get interest on the last day of the FD.

If you do not withdraw your FD (let's say 3 months promotion rate) after it is matured, bank will give
you FD normal board rate after 3 months period.



This post has been edited by BoomChaCha: May 14 2013, 11:29 AM

sorry, I do not understand this question.


I think so.., but I am not sure

I think you are talking about Bonus Savers Deal (4.5% for 3 months, 1/3 of fund needs to park in CASA) which started since early April.

It is impossible to have a quick increase of FD rate from 3.55% to 4.5%

Furthermore, OCBC updates their FD promo based on quarterly.
The next OCBC FD promo will start from early July until to the end of September.



This post has been edited by BoomChaCha: May 14 2013, 11:57 PM

The worst part is one of the Wealth Management products must be something like a Uni Trust.



This post has been edited by BoomChaCha: May 15 2013, 12:37 AM

This afternoon I went to OCBC and found out I was allowed to open extra Smart Savers account at the same branch,
then I quick-quick placed a 3 Months FD at 4.5%, 2/3 of fund put in FD (4.5%), and 1/3 put in new Smart Savers (can get
maximum 2.9% rate if deposit RM 1k in the Smart Savers during the second and third month).

OCBC calls this 3 months FD promo as Savings Promotion.

Here is the latest promotion flyer from OCBC:

Bank Rakyat is a bank. That was what Bank Rakyat told me.

MBSB for sure is not a bank.

Both are not under PIDM protection.

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.

This has nothing to do with my luck.

Every OCBC branch has their own policy, each branch works independently.

Last time I called OCBC help about to get additional Smart Saver account, they said
this depend on the branch. If you have good reason, they may allow.

You should try to ask for it. Good Luck

Differently branch has different policy.

If your OCBC branch is so straight, then your option is to open a 2nd Smart Savers account
in another OCBC branch.

2/3 of your fund will place in FD at 4.5% for 3 months.
1/3 of your fund will place in Smart Savers at maximum 2.9% (please refer to the first page).

In average, you will get approximately 3.96%

Ha..ha. ha..

I doubt gsc law will apply on RM vs. SGD



This post has been edited by BoomChaCha: May 23 2013, 08:00 PM

UOB FD Promotion Rates -- will end on 30 June 2013
fresh fund required

1 year: 3.68%
3 months: 3.48%



OCBC FD Promotion Rates

Fresh fund required:
3 months: 3.55%
1 year: 3.7%

Fresh fund not required:
3 months: 3.4%
1 year: 3.4%

http://www.ocbc.com.my/assets/pdf/Accounts...Q22013Conso.pdf

This post has been edited by BoomChaCha: May 30 2013, 03:48 PM

Kuwait Finance House
3.88% for 6 months, 1 years, or 2 years
Not more paying advance interest
Promo ends 30 June 2013


Mach Bank
3.6% for 1 year
Promo ends 30 June 2013

This post has been edited by BoomChaCha: May 30 2013, 03:33 PM

You are right. Sorry, my info is out dated.

I just called to KFH Help Line, KFH is no longer offering pay advance interest.

KFH KL Sentral mini branch can place FD.

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

You have to bundle with normal saving account (2.25% rate) in this Fortune promotion.
Cash Rich saving account (2.68% rate) is not allowed to open in this promotion.

The 20% fund in saving account (2.25% rate) cannot be withdrew until reaching the 9 months maturity date.

So, the effective rate is approximately 3.81% p.a. for 9 months tenure.



This post has been edited by BoomChaCha: Jun 3 2013, 06:31 PM