UOB 12-months FD - so far best they could give me is 3.75%

My RM just told me still available when I went to visit her this morning wor.

Hm, the first thing I ask her was whether the 3.7% promo for 1 year still got or not cause I did read here that you guys also said no more already.
She straight away replied still on. I'll be going this Friday again and see how it goes. If not, then will just put into OCBC.

Have been placing at 3.7% for 12-months previously. RM gave special rate I think.

Yea, RM told me about OCBC 13-months promo but not interested, maximum 500k placement. Will mostly go for their S/A combo, but then got too many accounts with them, very complicated. Lol.

Will check out KFH but not on the top of my list at the moment. Thanks

Yup. Confirm it's a special rate that they are giving.

That's pretty attractive. I'll inform my aunt about it as she has some funds available in Ambank to be put into FD. Do you know what's the minimum and maximum amount that can be deposited?

Nope. You can open a FD account without having a S/A.

You mean the saving combo promo?
What saving account did you open? They will usually recommend you to get their SmartSavers account where you have to deposit a minimum of RM1k and no withdrawals every month to get 2.9%. If you withdraw in the month then it's 0.5%.

If you have above RM200k for the 1/3 to be put into saving account, they'll recommend Premier Save Gold account, where you get an average of ~3%, without any monthly deposits.

Yup, that's the saving combo deal which has been going on for some time already. 2/3 in FD at 4.5% and 1/3 in saving account, interest earned in saving account depend on which type of saving account you open.

One of their highest interest earning saving account is smart savers, which is why they usually would recommend it. Which type of saving account did you open? I have been putting FDs into OCBC saving combo promo many times already and the interest earn in saving account is usually 2.9%-3% depending whether smart savers or premier save gold.

You can check how it works here under "OCBC Bank - Combo Plan 3 Months FD 4.5% Ends 30 September 2013":
http://generationsxyz.blogspot.com/p/fixed-deposit.html

Smartsavers account details:
http://www.ocbc.com.my/personal-banking/Ac..._SmartSaversAcc

Average effective rate is usually around 3.9%-4%. Definitely not 4.5%, almost all the banks also will use all sorts of methods to attract customers to place FDs with them.

It's either RM100k or RM200k to get the highest interest rate possible, which is around ~3%. I don't remember where I put the product information sheet already. Better check with the bank or your RM directly. Good thing about Premier Save Gold is that no need to deposit every month compared to SS. But you need a minimum available funds of RM100k to keep that account open.

Ya, the problem with smartsavers is that you cannot withdrawal and you have to deposit at least RM1k every month to get the maximum interest. Very troublesome.

I can confirm it's definitely applicable for the saving combo promo as I have been placing FDs for their promo using Premier Save Gold. Not sure about their minimum amount required to deposit though.

Yup, definitely go check with them. Save lots of hassle to deposit money every month for smart savers.
Earlier I was also told about smartsavers only, up until early this year when there was a larger amount then only they suggested premier save gold.

Yayaya, the Kilbor thingy. I also don't really know how Kilbor works but they told me basically average around 3% plus or minus based on their previous observations.

Nope. It has been 1/3 in CASA, 2/3 in FD all the while.

According to their website, it states 2.9% highest. But maybe their website is not updated. I'm not sure also.

Didn't we already discussed about this few days ago?
For goodness sake, ask your RM about Smartsavers account. Their promo say 2:1 ratio means 2:1 ratio lor.

Btw, which branch do you go to? I'm surprise the RM isn't doing a good job educating you about their promo rates.

Ok put down mental note to avoid Klang branch. I go to Subang branch and so far so good with them.

Anyway, it's a very complicated product. Especially if you have funds to be put in every other month or so. If you doing it as a one off thing then still ok. Otherwise, go for other FD only products better. Might want to check with other banks.

I just found out that any cheques (including house cheques) bank in via Maybank cheque deposit machine takes 3 working days to clear. Got charged RM100 for insufficient funds.

Same bank diff account - not consider fresh funds. Have to be from outside of the bank.

You have to transfer the funds out then put it back into the bank again. Which is why you see some of us here discussing what's the best way (cheapest and fastest) way to take matured FD funds out and get it back in for FD promo as quickly as possible.

I think some other banks are exceptional and they might accept but generally, the banks that I dealt with so far, do not accept transfer of funds from same bank as "fresh funds".

As far as my experience goes, they usually want fresh funds for FD promo only. I mostly deal with OCBC and they want fresh funds. My RM somemore told me some customers will withdraw cash and take to another counter to consider it as fresh funds (not sure true or not). Ambank recently for their FD promo also fresh funds, but the teller told me cannot withdraw cash and bank in again.

UOB mostly I also put in as fresh funds, so never really talked to them what they consider fresh or not since my general understanding of fresh funds is new funds from another bank. Have never dealt with HLB and CIMB for FD promos before.