I'd rather take the 3.75% 12months promo from hlb.. No need to go open sav account and think where to move the funds few months later.

for OCBC 4.5% promo, we need to deposit fresh funds 1k to the savings account to entitle for 2.9% interest right?

lets say i got an old FD already.

if i make a new FD, 5000 : 2500. will this 2500 consider as fresh funds? or i still need to deposit 1000 so the savings can enjoy 2.9%?

Mach promo, 4% for 12months.

unfortunately Mach have limited branches =/

10 yrs?

For 1st year u can put it in Mach by Hongleong bank.4%

Or Uob 3.7%.

Mach by Hong Leong bank. but they only got limited branches. You can google for it

Ocbc one very complicated if u put in separate fd for the 3 months 4.5% promo. If one of it mature and credit back to ur savings account but the other one not mature yet, can't make withdrawal, if not will affect the effective rate of the fd that havnt mature

yea, but i bundled it in 1 smart savers.. didnt think of that when i place..

anyway, the 'penalty' you mentioned, is reduced interest, if you top up 1k a month into smart savers, the smart savers account will get 2.9% pa, if you make withdrawal, it'll be 0.05% only..

the minimum balance you need to maintain in smart savers is the original 1:2 portion, if the balance go lower than that, your FD interest back to board rate (iirc)

will Mach be extending the 1 year 4% FD placement? saw the promo still on their website

last night was last day =/ i hope they extend..

Waiting for new promo from Mach, I suppose they will continue to put up good rates to attract more customers.

i got old man mentality, no PIDM i wont put there

government only guarantee partly right? i dont think cover full like PIDM up to 250k .. i read somewhere that government will back up the bank if it fails, but it didnt state up to how much..

old man mentality cause i want 0 risk if those banks without PIDM are also covered fully by government, then whats the point of implementing PIDM? doesnt make sense oh..

Yes ocbc, but that is nt effective rate ya.

walao PB really pandai play with numbers lol

Hmm they say they under the ministry's supervision, so are they eligible for PIDM? Still 'no' ? Twisting twisting.. Lol.