Just wondering what happen if a person dies? What happen to thier FD?  Can anybody take in behalf of them? As far as I know many banks had implement thumb print for withdrawing cash from the bank.

I did the same during last year. No scare either.
Start from this year onward, the maximum contribution limit is RM 60K per year.

Yes, hopefully can get more than 5.5% return rate next year.. Cheers 

Anyone here tried the Fixed deposit - overdraft facilities before?

I had deposited 300K with OCBC premier banking.

Suddenly i want to buy a leasehold house with 300K. The house lease term is short, i must buy the house with cash first, after that renew the lease and do refinance.

I do not wish to lose the premier banking status and fd interest.

May i know how's the overdraft with pledge FD work? how much the bank will allow for overdraft limit ?

how much is the interest rate for overdraft ? i dont mind to pay a little interest to them.

What do you mean?
No good? It does not work this way..?

Or you want to treat me a dinner? 

xx is not the top depositor. Let the kitty be the Top Cat of BR in Lowyat Forum and beyond ...........................   

Was told Ocbc premier status will be withdrawn if bank account less than the qualified amount...for Citi bank effective Nov 2013, a service fee RM80 will be charged if less than the qualified amount..

If bank charges 5.6% and can still earn board rate, let say 3.1%, net net paying only 2.5% for pledging FD? That sounds attractive than housing loan

Bro Magik   Everybody can save money into EPF except below 18 years old.
The minimum contribution is only RM 50.

I put at least RM 100 into EPF almost every month instead of putting my extra money into my saving account.

We saved our money into a saving pot when we were kids  --->  [attachmentid=3576617]

For me, EPF replaces saving pot. Since we can get more interest, why not..? 

In my opinion, this is another safe way to diversify our money to get a good return rate 

Ya lah, Magika, how can you guess people's age like that one ........................

You and I are probably in the same league and I am .......... the "old man" 

Thanks for two of your reply. Still not sure the PB status condition.

I want to maintain the PB status because next year i need to do refinance. I dont mind to pay interest.
My documents is not very strong because of very high commitment. Just hope that if PB status is maintain, refinance my old house will be easier to approve.

If currently i withdraw 300K to buy new house with cash. Next year the bank may not approve for my old house refinancing.

Is the bank same as (Ah Long)" ? Give them earn interest, maintain good record, next time everything can discuss easily......

How to define a person is old or young has caused much controversy..

Let's say if a person aged at 50 but he is a very successful businessman, and if comparing to another
person aged at 40 but he is only an office clerk, who is younger? 

Unfortunately, I am similar to the clerk   

Another example like Bro Goat, he is definitely a young man based on 3 things that I know about him:
(1) Money - especially US dollar and uncountable
(2) Girl friends - uncountable
(3) A good Scene of humor - this will make you always young

hello Uncle.. you are probably right... 

You are drunk...   or you are having cocaine or heroin now..enjoy yourself..

Ha, caught you again, still counting new assets coming in at 4.34am or later ?? How much is it now, billions & billions ? 

Those three remind me of Moe, Larry and Curly 

I remember vividly that you have a 12-month FD placement with BR. If you want to save your time, why don't you go for the 5-year lock-in period with BR? If the amount is right, you can get 4.90%, or at least 4.60% - 4.70% 

I told you not to get cheap low quality type and on-sale ones from Magika since you can afford better quality,
but you never listened to me.. 

Bank Rakyat's 5 years FD will pay you monthly interest too.
But it requires minimum RM 20K..

If I were you, I would put FD in shorter term like 3 to 6 months and see how is the "weather" next year.

If you put in 5 years now, I do not think you can sleep well every night until bank negara announces
the new FD rate next year.

Since you heard the thunder, then bring an umbrella first loh...
It could be a sunny day? Thunder storm? Or thunder only but no rain at all? Just like car price.. 
I think so... but hopefully Captain is not abandoning us and our ship.. 

Wnt to ask, i placed FD at OCBC ( 3 month 4.5% ) . Then i check my online banking account, the FD amount was correct, but the 50% place to my existing smart saver only show as current balance, but no add into available balance. Is it normal? The 50% fund inside Smart saver can get 2.9% ?

so let's say my smart saver currently got rm10k, the 50%  amount was 5k(locked), so the interest i get on smart saver is calculate based on 10k or 15k?

*Every month i will deposit >1k for 2.9%

ok, hate the banks, never wat u see is wat u get.