Can share what is the promotion? You can IBG instead of carrying cash

ya. But IBG limits 10k only per day.

The promotion is here

http://www.ocbc.com.my/personal-banking/Ac...moreinfo_button

If it still doesn't get credited back into your account after 1-2 days then better call customer service.
When I place eFD, usually quite punctual credit into my account upon maturity date.

I would like to know as well.

From what my OCBC RM told me last time, majority of their customers will separate into a few FDs because they might want to prematurely withdraw it. Instead of say prematurely withdraw RM100k one shot, they separate it into RM50k each and just withdraw RM50k then the other RM50k can continue on. Other than that, I've no idea why not put big amount in 1 cert. Hence, would like to know as well.

4.2% you mean?

If you have a sum of 100k, place it in chunks of 50k, 20k, 20k, 10k if possible, that way you can withdraw pre-maturely in increments of 10k should the unforeseeable need arises.

You get the idea. Unless the bank requires 100k in a single placement, even then usually can split it up.

This was reported on 10 sept..thanks for the link anyway..

ya. you are welcome

Just 1 question to ask (sorry if its off topic). I've read that FD interest are tax free up to RM100k of deposits you put in. Does that mean if I have cash excess of RM100k (lets say 1 million) and deposit into FD, 900K's deposit's interest will be taxed?

Witholding tax on FD more than Rm100k already abolished years ago, no longer applicable now.

Thx for your reply. If I understand it correctly...does it mean that no tax is applicable to interest earned from FD?

Yes as Cherroy mentioned, no more tax on FD interest. That was years ago that withholding tax was implemented.

I called to BR to ask about my FD which is maturing. Now the ABM said their loan rate is down to 3.3%. Unable to give me high rate for 12 month FD. Only 4.06%. For 24 months may be able to get 4.3%.

Is it because they have too many people depositing now as Magika mentioned recently ? Or their loan rate is really going down ??

This post has been edited by bbgoat: Sep 19 2013, 04:36 PM

good indication... rates will not go up in the forseeable furture, only down. more so when big bro usa says so!

think time to move some fd money to other avenues...

I couldn't agree more

i think eFD will ask u whether wan credit to principle (FD) or to ur saving account

I do not think so.. But you can try.

I understand to split the FD amount is for in case of the prematurely withdrawal issue.

But I want to figure out why guy3328 mentioned about dangerous/attracting attention..?
"dangerous/attracting attention if put big amount in 1 cert.."

Does it mean that this will attract attention from income tax department....

I guess one of the reasons is BR follows other banks current trend not to offer higher interest rates to FD depositors.
Thanks for the BR current info...

I just placed my 12 months FD (Islamic) at 3.78% with RHB couple days ago. No gift was given to me.
This FD promo has required me to deposit a minimum RM 100 to open an Islamic saving account so that monthly
interest will pay into this Islamic saving account. I did not expect to open a saving account would need minimum RM 100,
but luckily I brought enough money in my wallet at that time.

RHB calculates FD interest based on monthly basis, for example, I have placed RM 10K FD for 12 months, RM 378 profit is printed on the FD cert. I collected FD cert within 20 minutes after submitted my banker's check.

RHB expects they will hit their target by next week.

I forgot to add:
RHB Islamic saving account does not come with a saving book. It comes with a small piece of green color
paper with one account number printed on it, and also with one blue color A4 size terms and conditions for
RHB Islamic bank.

This post has been edited by BoomChaCha: Sep 19 2013, 11:08 PM

I am not surprised if BLR will go down. If BLR goes up, who can afford to buy the high price properties?


This post has been edited by BoomChaCha: Sep 20 2013, 01:05 AM

Hi, do u where can get information about this 3.78% RHB promo? I can't find it on their website. Also, is it only available when you apply for it at the branch (no online banking transactions)?

This post has been edited by frontierzone: Sep 20 2013, 07:38 AM

Ha ha, still relating to buying of "high" price property for "high" class people ??

(actually I do understand your "high price property", just want to make you "high" (ecstatic, angry, .......))

This post has been edited by bbgoat: Sep 23 2013, 09:13 AM

61 months FD

That is a very long period to lock the money

This post has been edited by TakoC: Sep 23 2013, 08:10 PM

HSBC got 5% for 250k