OCBC Promo 3.6% for 6 months fresh fund ends on 31st March.

They started this promo last month when lots of the customers were asking them for pure FD and not those stupid CASA thingy.

Depending on how long you want to put your money into FD for. It's around 3.5% or so I guess. Highest also 3.7% unless you go for BR with no PIDM as per Top Cat's breaking news below..

You really pro in getting gifts. Need to learn a few tricks from you already.

Alliance Visa Infinite require is just 60k income? Or need to be their premier banking customer also?

The Priority Pass interest me.

... maybe I type too fast ... the most banks for me is between Bank Rakyat and Affin Bank, while Public Bank and AmBank is under the watch list ...

Affin - 3.6% --> Link ... I dunno if there is any latest change -- if there is one ...

... the rest can be down the bowl and flash. Another reason for BR is not so attractive or going to be -- is their PIDM and lack of branches, but if I am not mistaken they have lower their amount from 10K to 5K for monthly collection of interest. Then again, would anyone move for just a bit of difference of 3% -- hovering between 3.9% and 3.6% if the amount is small. 3.9% is 39 ringgit for every 1K yearly, and 3.6% is 36 ringgit for every 1K yearly -- just 3 ringgit difference, and every 10k is 360 to 390 ringgit, which then 30 ringgit difference divided by 12 month is 2.50 ringgit difference monthly gain, but for 100k above is understandable of the worth of difference -- a 25.00 ringgit monthly gain difference of a roughly at bit less than (sort of roti canai) 1 ringgit a day profit -- hummm ... OK lah ...

** My speculating thoughts to share --> most banks won't (or able to) move their interest rates is because of high household debt and low wages during the cheap loan times. They will be facing high defaulter if the interest rates move. Even US is facing the same problem, but they are making sure of job growth as Yallen slowly pull back their bond buying within this year. Can we move that fast between a year? If I am not mistaken, when Bank Negara decide to maintain the OPR at 3% again already stated we are more interested in domestic growth. Just growth can mean many thing -- like China doing prime pumping for growth artificially through cheap loans again. Well, US realise it won't work forever by printing money for growth all the time, right? ...

So, will interest rates move here any time soon? I really doubt so it can even if it want to, but US will move soon as foreign investor has systematically leave Asia, and back to the west, where Malaysia have already put in place policy where funds can only leave Malaysia systematically. This policy was put in place during the Asia financial crisis times when floating loan interest rates can hit as high of 8% ...

... cheerio for the day -- like I say just my speculation thoughts to think about ... ok eh ...

Ahhhh. Then nvm

Bro,

Your request has sent to our committee members for subject to approval.

The processing time will take approximately 2 days.

If you do not see your user ID listed under PIDM group within 2 days, this indicates
that perhaps you do not meet one of our requirements to participate in our Group
FD Deposit Campaign.

Thank you very much for your interest in participating our Group FD Deposit Campaign.

wow

Official reply from our MD cum PR Director.

101% agree.
Please hunt for new branch for us.
Thank you for your efforts.

No choice, relocate you to Kulim can save all Penang leng luis' future happiness..

Yes, will post you a leng lui poster by Pos Laju..

Will claim relocation benefits from boss BCC.

I am not the type that stare into inanimate objects ................................

Thinking to send him a Thai massage discount voucher first..

Okay, but not sure if bank interested in 1 million or not..?

Okay. Thank you so much..

Official reply
When opening Bank of BCC?

I have to follow the instructions, as well as the rules & regulations.
I do not want to lose my rice bowl, especially during this inflation period

Ha ha..I wish I could...

Quite appreciate that you fulfilled your promise about checking OCBC FD promo ending period..Cool..

Bank Cha Cha (BCC) will open soon.

Will give special FD rate to forum members. Mari Mari ..................

We welcome McFD2R

Members Recruitment for FD Group Deposit Campaign
Objective: To consolidate all members' funds to bargain for a better FD rate with the bank
Minimum FD deposit: RM 50K per member
Target total FD amount: 2.5 million or more
FD Tenure: Tentatively 1 year
Recruitment Deadline: 31 May 2014
No Obligation: Members can retreat anytime before we negotiate to the bank
Prohibition: Members who registered after March 2014 are not allowed to join this campaign

Disclaimer: No guarantee will success in this group FD plan

Participating Members

Members Ok without PIDM
bbgoat
HJebat
gchowyh
plumberly
tbheng
guy3288
helob
McFD2R
BoomChaCha

Members want PIDM
bearbear
munkeyflo
Nostalgia
MNet

Now we have 13 members, RM 650K

Then forum members every night can Cha Cha Cha!

Hi, what's the minimum amount?

I read that upon maturity renewal will go back to board rate right?

Mach HL officer said today there will no any promotion rate which previous month 3.7 for 6months. Current is @ 3.4 only. The next promotion rate is next new year.

Something like that?
Else we don't put as commit 150k but say repetitive depositors since there will be some who will place more FD's within a year.

In just a short few months, BR revised down its rate twice...and you still have the courage to redeposit few hundred k with them?

Not worried about BR financial health status ka?

Ha ha, Bank of Cha Cha MD/CEO BCC went cha cha All Night Long after 8pm last night.

No update/reply on the FD plan since 8pm last night.

This post has been edited by bbgoat: Mar 11 2014, 07:56 AM