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 Fixed Deposit Rates in Malaysia V4, Please read 1st post.

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ronnie
post Mar 6 2013, 01:44 PM

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QUOTE(bearbear @ Mar 6 2013, 11:57 AM)
For MACH - funny how they charged me RM1 for IBG transfer and later refunded before i even complaint (My account come with free IBG) biggrin.gif
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Which account offers FREE IBG ?
ronnie
post Mar 29 2013, 12:20 AM

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UOB SuperDeals

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ronnie
post Apr 2 2013, 01:30 AM

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The HLB Junior FD (2-tier 24-month) need to be new Junior Savings account or can re-use existing ?
ronnie
post Apr 4 2013, 10:52 PM

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QUOTE(pinksapphire @ Apr 4 2013, 07:44 PM)
Hi guys...for OCBC's FD deal of 4.5% for 3 months, can you help me to verify if my calculation is correct?

Let's say I put in RM50k into FD and as per their requirement, another RM25k into the savings:

FD (50,000 x 4.5% / 12 months) x 3 months = 562.5
Savings (25,000 x 2.9% / 12 months) x 3 months = 181.25

Total = 743.75 for 3 months

I took 2.9% as the savings interest rate as I think it's their latest.

Also, what do you think of this deal? Is it worthy of deposit? I'm thinking to do so next week once my other FDs are matured, so appreciate your thoughts smile.gif
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Interest is calculated on the number of days (not month).
To get 2.9%, you need to deposit additional RM1000 or more into the SmartSavers account every month.....

This post has been edited by ronnie: Apr 4 2013, 10:52 PM
ronnie
post Apr 4 2013, 11:44 PM

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QUOTE(pinksapphire @ Apr 4 2013, 11:14 PM)
Yeah, that RM1k requirement...I really don't understand the reason for them to ask us to do this, hmm...Standard Chartered has the same ruling too.
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Ask you to "save" more lah doh.gif doh.gif what else ?
ronnie
post Apr 5 2013, 11:03 AM

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My current Bonus Savers is ending in May 2013... can I put back the funds into another round of Bonus Savers for June 2013 ?
ronnie
post Apr 7 2013, 10:00 AM

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Has the OCBC website post the new extension to Bonus Savers up to 30 June 2013 ?
ronnie
post Apr 11 2013, 01:53 PM

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QUOTE(gsc @ Apr 11 2013, 01:43 PM)
I mentioned withdraw and close SS on 30 April....1 May new Bonus Saver and therefore new SS
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1st of May is a Public Holiday lah doh.gif doh.gif doh.gif
ronnie
post Apr 29 2013, 07:05 PM

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QUOTE(yrh0413 @ Apr 29 2013, 06:52 PM)
Mind elaborating this? Sorry I am quite new in FD... I thought fresh funds = funds not deposited in the same bank?

So upon FD maturity if I cash out and put it back into the same bank as new FD application won't that be considered as fresh funds?
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Some banks will deem the same amount withdraw = amount deposit to be non-fresh funds.
Actually you can do in the same bank,
Withdraw FD at 9:30am as cash
Open FD + $xx cash/cheque at 10:30am.
ronnie
post Apr 30 2013, 10:01 AM

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Just added some funds to the HLB Junior FD (12-month @ 3.85%, with roll-over 12-month @ 3.95%).

Withdraw cash at 26-Apr and "reinvest the same amount" today.... No issues.
ronnie
post Apr 30 2013, 10:06 AM

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QUOTE(AVFAN @ Apr 30 2013, 10:04 AM)
they didn't insist you do a 8 or 10% fresh fund top up?
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Why do I need to top-up that amount... I purposely wanted to test.
I did re-issue a cheque rather than cash for the FD placement.
ronnie
post May 2 2013, 11:30 PM

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QUOTE(benlaw @ May 2 2013, 11:16 PM)
CASA require
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CASA is only for creditting of Interest only, right ? No % need to be in CASA ?
ronnie
post May 3 2013, 04:12 PM

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I receive an SMS from OCBC for Puchong branch relocation

QUOTE
OCBC Puchong: Branch Relocation Special FD Rates and Mystery Gifts Promo. 2 May - 30 June 2013. T&Cs apply.
ronnie
post May 6 2013, 09:58 AM

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Special Only at OCBC Bandar Puteri, Puchong

Promo period : 2 May 2013 - 30 June 2013

Fixed Deposit Only
FD 3-month : 3.55%
FD 12-month : 3.70%
Minimum RM5k, no fresh fund
Joint FD account is required

FD + Safe Deposit
FD 3-month: 4.00% (Fresh Fund, RM5k to RM20k
Safe deposit Rental: RM150(small) / RM250(medium) / RM400(large) + RM10 Stamp Duty + RM170 Key Deposit

FD + Savings (new / existing)
FD 3-month : 4.5% (Min RM5k in FD + 50% in Savings, no fresh fund)

This post has been edited by ronnie: May 6 2013, 09:59 AM
ronnie
post May 7 2013, 09:18 AM

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Those with Sukuk 1Malaysia would get their Capital in June 2013.... Maybe the banks are waiting for that to happen for new promotional FD rates.
ronnie
post May 7 2013, 03:52 PM

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QUOTE(pinksapphire @ May 7 2013, 03:45 PM)
Somebody posted about the Kuwait Finance House FD promo at 3.88% earlier and says it requires CASA split, but actually it does not. It's a straightforward FD placement if you're interested in it. Minimum 20k...tenure 6/12/24 months.
The % is really high, but...I'm not familiar with this bank at all.
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Con of KFH: Limited branches and you need to visit the bank twice (I think)
ronnie
post May 7 2013, 10:03 PM

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QUOTE(gsc @ May 7 2013, 09:59 PM)
Bonus saver is good only if you can withdraw from the smart saver when your FD is matured. If you continue to deposit into the Bonus saver, the money you deposited there earlier  is stuck there and can only have an max. interest rate of 2.9% only.
This is what happened to my SS now.

My FD due on 5 May and 6 May is a public holiday, Ocbc credited back on the interest when I informed them.

Current promotion is 3.55% for three months and 3.7% for 12 months for joint account.
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So basically I will close the SmartSavers Account on 1st of the subsequent month to maximise the SS's month-end interest.
If my FD ends on 15-May, close everything on 1-Jun with FREE bank draft.
ronnie
post May 7 2013, 10:47 PM

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QUOTE(pinksapphire @ May 7 2013, 10:29 PM)
How do you get the free bank draft?
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When you close account from OCBC, you get FREE bank draft to take the funds out icon_rolleyes.gif thumbup.gif
ronnie
post May 8 2013, 10:54 AM

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QUOTE(mlyuki @ May 8 2013, 10:18 AM)
OCBC homeloan is BLR-2.4%=4.2%

I just checked my ocbc online.. my funds under bonus saver promo in SmartSaver acc still yet to make available, is that means I have to wait until next month only can transfer out this fund?
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Maybe it will be released after 1 day of the FD maturity, since it was "made-not-available" 1 day after FD placement
ronnie
post May 10 2013, 08:37 AM

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QUOTE(1282009 @ May 10 2013, 12:51 AM)
Am interested on this. Is this online FD? Can't seem to find the option in the website.
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It's called M2U Savers / M2U Savers-i account.
It's an online Savings account to be access via Maybank2U
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