Depending on the fees involved actually.
I usually try to use cheque if there is else IBG over the counter, IBG online usually max RM10k per day only.

My vote goes to you

First, you can't online transfer RM50k in 1 day. Secondly, it wasn't an eFD, it has to be done over the counter.

None of this changes the fact that it's cheaper and yes you can transfer 50K or whatever amount in a day. just have to tell them to increase the limit for one day

Also he wasn't talking about FDs he was talking about money, which i suppose most people would assume to be in a CASA

This post has been edited by wodenus: Mar 21 2014, 09:45 PM

IGB or over the counter transfer to another bank?

ocbc IGB is 10k/day

Yea the online limit is 10K that you can change manually, but some banks if you want the limit to be higher they can change it at the counter. A bit troublesome but then he was talking about cost savings not convenience

You will be lucky to get 1 person from any branch that has some knowledge of this promo. Usually they will have to call one particular officer in HQ who came out with this promo. Sometimes you can't even find any info on their website.

With this T&C:
20. Eligible customers must also maintain their account balances in the participating account(s) as of 31st
July 2014 until the date of interest/dividend crediting, i.e. 30th September 2014.

effective interest is lowered.

This post has been edited by MGM: Mar 21 2014, 11:57 PM

wah piang. can change over the counter ka? i din know

I also wah piang

aww can make an exception for me?

I have joined LYN since 2009 but I'm more of a silent reader most of the time. Plus I'm only less than 50 posts to reach your 300 requirement

I have even traded successfully several times with other LYN members before if you doubt about my integrity Can check them in my siggy

Manually means changing the IBG limit thru the branch's counter?

No need 500k to get 4%. Rm50k can liao but must place on 1st March and must be new to bank or new to participating account. Now already 22nd Mar, so must put more than Rm50k to achieve the 50k ADB.

Bingo !!
You found the confirmation that I was concerning about.
So guys, confirm effective rate is lower than 4% as misleadingly advertised in M2U, if one can only withdraw in 1st October.

This post has been edited by aeiou228: Mar 22 2014, 01:25 AM

I talked to MBB staff on 20Mar. I told them Affin 12m 3.6% & OCBC 6m 3.6%. They shared with me their promotion, shd be more than 3.6% but less than 4%. If i understand & remember correctly the example they shared:
Open Premier Mudharabah Acc under Aspire with 50k on 20Mar: 20-31Mar board rate for Premier Mudharabah Acc
Top up 100k on 1st Apr & maintain till MBB gives interest: 50k gets 2.75% for Apr, 4% for 1st May to 31st Jul; 100k gets 4% for 1st Apr to 31st Jul.
1st Aug till MBB gives interest (shd be ~mid Aug): 150k gets board rate for Premier Mudharabah Acc



This post has been edited by ckchan526: Mar 22 2014, 08:36 AM

Yes, you are right Bro. Thanks for the correction.
But the effective rate is lower than 4% due to the bal can't be withdraw for 1 month before the crediting bonus div.

Better put in $50K+1 cent in PMA-I to receive 2.75%+0.8% (only applies to PMA-I). If you do this at the beginning of the campaign period your incremental AB will meet the requirement.

Clause 20 is absolutely not fair and probably a mistake, as the incremental AB requirement only runs till last day of July. SCB had a similar promo two years ago and did not stipulate as such.

20. Eligible customers must also maintain their account balances in the participating account(s)
as of 31 st July 2014 until the date of interest/dividend crediting i.e. 30th September 2014

Note that the interest credit is done within TWO months of end of campaign (by 30thSept 2014).

Got. In the TnC I posted and MGM highlighted it in his post.

Rough guess should be at 20% discount of 4% depending of when you place the deposit.

Yup.. you can raise/lower the limit for one day same as you can raise/lower your credit card limit for one day

MBB has similar promo since couple of years ago but higher returns of 4.5%. Over the years they refine(or degrade?) their T&C and lower the rates, cos most depositors would transfer out their funds when the term ended.

The Maybank CASA“Rewards & Bonus” Campaign are very "confusing" for those on the street & newbie.
So easy to lose the interest with their confusing TnC.
The effective rate is also lower than 4% publish.