Thank for the update bro. For OCBC Combo plan, best to deposit early or end of the month in order to ensure that we earn the best possible effective interest rate. I have use the image you posted above in my blog(s) and should you disagree with it, please let me know and I shall remove it immediately.

Thank you Sir for your permission

Wah, it takes two weeks before they bank in ar. Must go revise 1st post. Thanks for the info.

RM5 parking at Pavilion, that's kind of "cheap". Usually I have to pay more than that. Spend RMX amount there can get 1st hour free parking if not mistaken.

1st page for the 1st time

May I share, for ppl who prefers e-FD, AmBank has one of the best rates? 0.05% above board rates.

It seems that UOB has diff policy as Penang side they are only charging RM0.15 for 1 banker's cheque.

The OCBC 3.8 better or 4.5% better?

I plan to open one..

The 4.5% need minimun 7.5k?

interesting... good to know, tq.

the natural next question is do banks, any bank pay interest on the day of making the fd?

or there is always a 1 day "no interest"?

Bro... No2 Are u sure need to collect few days later ?

I get my cert directly on the particular day on penang branch last time.. and about to place another time in this 3.88 round instead of placing OCBC.. Advanced interest is great.. and penang parking is free lar

I get my cert directly on the particular day on penang branch last time.. and about to place another time in this 3.88 round instead of placing OCBC.. Advanced interest is great.. and penang parking is free lar

no 1

Do a banker cheque. Cimb charge me 2.15

You also mentioned that it was 2 years ago.

From: http://www.cimbbank.com.my/index.php?tpt=&...8&tpl=gen_rates

Bankers' Cheque

Products/Items | Charge
1 Banker's Cheque  RM2 and stamp duty of RM0.15

8/10000 is only 0.08% and MACH you can withdraw in multiple of 3k without affecting the remaining balance in your FD.

Well your choice

I think Mach 4% FD imposes a RM 1 fee for each withdrawal to deter people from FREQUENT small withdrawals. Hmm, but then again it allows partial withdrawals (the irony?). I'm guessing the bank will channel most of the deposits towards its longer term investments. For retail people like us who want to just park our money somewhere where we get more than the average 3% FD rate, this is actually quite a good catch! (Provided that you don't need to make frequent withdrawals)

Two scenarios for you to compare against:Mach 4% FD VS. Maybank's 12-mths Conventional FD
Mach 4% FD
Assumptions: No withdrawals made throughout the year

Capital amount = RM 10000
Money Box Annual Fee = RM 8
At the end of 1 year, at a 4% rate, you'd get an interest of RM 400
Effective interest, % = (RM 400- RM 8) / RM 10 000 = 3.92 % vs 3.19% (Maybank 12-mths Conventional FD) Link to Maybank FD Rate

Even if you close your Money Box account after a year, and factoring that in:
Account closing = RM 20
Effective interest, % = (RM 400 - RM 8 - RM 20) / RM 10 000 = 3.72% (Still pretty decent I would say, no tacky or cumbersome CASA bundling, HLB is also a member institution of PIDM)

How's the service at Mach HLB though? Anyone? Thinking of dropping by the Mid Valley branch

Looks like there're a lot of T&C for Mach acct, still considering it as the FD rate is good, not sure worth the trouble after that.