I stop saving combo because in my SS comparatively the fund is bigger than my FD. This hapened because Ocbc dont allowed opening up additional SS account. You really have a good deal because the 3 month FD effectively is 3.9%

I als have the smart saver acc in OCBC, so now if i put the 3 moths FD then i will get the 4.5% rate?

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%

Just called up OCBC customer line, now is just 1/2, no more 2/3 and end of promotion is 30th June

I guess you heard it wrongly.
The amount deposited into the CASA, which is EQUIVALENT to 1/2 of the FD amount, will be earmarked for 3 months.
So if you place RM20K in FD, you must also place RM10k in CASA. It is still 2/3 as usual.

Invest RM30k in FD
You need additional RM15k in CASA
Total funds required : RM45k

2/3 of RM45k = RM30k
1/3 of RM45k = RM15k

OCBC Promo

ok stupid me
2/3 of total fund at FD,
1/3 at CASA = 1/2 FD amount
But great news is there is no restricted number of account for SS, this one end 30th june

Which branch has no restricted number of SS account?

How much profit you made from this raise ?

hahaha, bursa more interesting than FD currently

Those who invested in AUD must be freaking out at present rate BUT I am overjoyed. did several transactions with CT Global Transfer to my Oz account The savings I get from AUD weakening in the last 2 weeks is like getting 2 years interest in MY FD.

It drops below RM3, good for Aus$ FD

Huh? Why is that so? You expect AUD to strengthen? Rating houses have issued statements that AUD rating may be revised if the government do not go back to surplus budget in coming years.

Sifus,

I need help. If I am managing my account from abroad(online only). Which bank is the best ar? also for FD? in term of interest rates and convenience(online transfer).

thank you thank you

I dont have any solid evidence but I am Newton's Law believer, what goes up must come down.....

Bro, there is no such Newton's Law And maybe now AUD is experiencing gsc's law - on the way down since it has been up for sometime.

Anyway, for your further info, the last round the RBA cut the interest rate was mainly because they wanted to weaken the AUD!!! Go google their May meeting minutes.

I guess if you play AUD, what you should pray for is that our Ringgit weaken in the future but that would also make our imports more expensive. So I be praying the opposite thing - that's Newton's Law - for every reaction there is an opposite reaction, hahahaha

You are right on Newton's law, gsc law is based on Newton findings of gravity force...ringgit going up will eventually coming down (by gravity force)
Thanks for your info. on weakening AUD.....

But over the past 55 year, RM vs SGD, gsc law doesn't apply.

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