That was what my RM told me and I listen to her on Rentas...but as I have said I tried IBG in the morning and found out my fund is available on the same day...from that time onwards RM has been IBG my fund to renew FD...Rentas no limit? Seems my RM dont know about it..

If your father is above 60 then the chances of government changing any withdrawal ruling may not affect him. Since government has changed the retirement age to 60 yrs old, people are concern that EPF may follow and change the full withdrawal age limit.

You father can still deposit back to EPF and the limit is RM60k per year.

I deposited into EPF since the rate is high. In case I need to withdraw, EPF will prorate based on this year dividend announcement. Most likely next year rate will be lower as this year high dividend rate is due to election.

Split the fund into two or three groups, example 20k for 1 year, 20 k for 3 months, 20 k for 6 months. The good thing is flexibility but the bad thing, those promotion rate need fresh fund which may be troublesome to him to play the musical chair when FD mature.

Most banks do not require saving account for FD placement. But some banks which have promotion rate required opening of saving account to deposit the interest rate..most banks provides a very slightly higher rate for senior citizen. Am bank provide free insurance for senior citizen FD placement but the rate is lower than that of banks which have promotion now.

This post has been edited by gsc: Jun 6 2013, 10:48 PM

For Ocbc, the security guard additional job is lock and unlock the door and of course watch out for suspicious people. The guard is required may be is to meet the insurance guidelines..example robbery happened in bank and insurance company may not want to pay because no security guard station there...all these insurance terms and conditions are unknown to the customers.....

The best part is this year Penang Hong Leong bank was robbed and the security guard ran away from the bank...reappear only after the riobber had left..

200k cant even be a premier customer at UOB, unlikely you will get additional rate...but no harm try it and report here ..

With additional 100k you can be a premier customer at Ocbc and get FD at 5% for 3 months..

I think you are referring to the Builder Express product which Ocbc is selling..

Yes, your father can deposit the money back to EPF. ..

You better move fast, 60k, interest rate 3.7% is about RM185 per month or RM6 per day...if in EPF,6.3% which is RM 315 per month or RM10 per day..
Another option is place at MBSB which offers 5 years FD, 4.7% rate if not mistaken...MBSB is not PIDM protected....MBSB major shareholder is EPF..

Your existing money in SS has nothing to do with the new FD placement.
60k new placement, need 20k in SS, your SS new balance is 30k. One member here said can open more than one SS then you might as well deposit into new SS account.

One sen cheaper than board rate on foreign currency at Ocbc....Public manager can also give 0.5 to 1 sen lower than board rate even if you are not premier customer...
15sen banker cheque at Citi Gold....free one hour parking...

Public bank. Am bank with give you a free plastic "folder" for your FD cert...Ocbc only gives you a paper envelop...

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

This post has been edited by gsc: Jun 12 2013, 12:01 AM

Did you get it eventually? Sometimes they dont give gold art but other things..they give a nice Ocbc paper bag to contain the free gift...the cctv should be able to show was any free gift given...and may be the stock balance can tell hw many was issued on that day.....not after post count...

1 month tenure means you will get principle rm10k plus interest after 1 month, not a year.3 months tenure means after 3 months...

You need to have account opening first before can perform on line banking...bank needs your signature, personal particulars etc if you are first time opening account..

That was given for recommending premier member ....for Penang side the campaign was stop beginning of this year...I think KL side also no more this campaign...if there is it is the RM that personally give....so you didnt miss anything since your pervious RM has the right not to give?

Most banks allowed opening of FD account without opening a saving account. Best FD, scroll to the top or first page and share with us your findings

Received called from Hong Leong bank saying there is a FD promotion 5.25% per year. The staff wanted to make appointment to explain to me. I asked her is this 5.25% a pure FD and not reuired to buy any structured products or unit trust etc..she said is pure FD. I told her email to me the detail first begore meeting up...no news thereafter...anyone of you aware of this FD promo?

That girl just said from Hong Leong, guess you are right, may be from HLA...

MBSB CEO mentioned in the newspaper there is a plan to turn MBSB into full fledge bank...may be merge with RHB since EPF have shares in both banks...

Take up another Bonus Saver at Ocbc. A person can open up mutliple SS account. Example with spouse, children etc..in this way you are not bounded by the trick of perpertually tied up the SS fund.
The counter girl tod me IBG is FOC for premier cistomer. Then I told her a saving of 5 sen big deal...earlier .was 15sen for first two IBG...
The staff tried to sell a principal guaranteed product, 18 months. Either 0 or 5.56%. Surprise still got people invested in this product...

This post has been edited by gsc: Jun 17 2013, 10:33 PM

You can deposit in one lump sum RM60k if can afford to enjoy the high dividend. Since you are 67, any rule on age limit withdrawal will not affect you, by the way EPF is proposing only full withdrawal at 60 for new EPF member.
The only downside is government may not allow full withdrawal on total amount. This is not likely as many retire people will jump...
On the positive side, assuming 60k in EPF with a dividend of 6% which is equal to 300 per month income...if there is no need to use the money, I will deposit 60k to enjoy the high return...

MBSB promotion 9 months FD for roughly a return of 3.8%. 80:20 similar to Ocbc previous offer, 80% FD and 20% saving account. I wonder can we withdraw immediately the 20% earmark in the saving..the FD rate is 4+% (cant remember the exact number) . Offer till end of Aug which is a good alternative should in July month Ocbc, UOB lower their rates...

This post has been edited by gsc: Jun 20 2013, 10:31 AM

Ocbc bonus saver 4.5% continue after 30 Jun. 3.7% for 13 months joint account only

Ocbc bonus saver is a continuation of current promotion which is supposed to end on 30 June. It is being carried forward with same terms and conditions.

Current 3.7% straight FD for 12 months will end on 30 Jun. it will be replaced by 3.7% FD for 13 months, joined account. Max allowed is RM500k.