yup, can open in maybank, just "transfer" only. it's fixed price same like ASB

No problem, glad to help

The 3.76% is based on the assumptions you bank in 1k every month and you open the SS close to end of month. If you already have SS account and money already locked in for previous FD which are not yet mature, the effective rate is much lower than 3.76%.

Example you take up the Mega Saver FD today, 24 Jan 2014 you can withdraw your matured FD but you SS money will be tied there till 1 Feb 2014 in order to enjoy the 2.9% rate.

Went to UOB today to make use of the 3.6% PA FD Promo

Unfortunately as I'm not Malaysian and don't have any UOB accounts at present apparently I need to also open a savings account with RM10K and maintain balance there of RM5K. And they didn't accept my Maybank statement as proof of address as it wasn't chopped by MBB. So overall a wasted trip

uob got 3.65pa for 13 months fd

ha..ha..I wish.. but unfortunately in reality this dream will never come true la...

Yes, I will, but I will only do it in the regular counter, a safer place for me..

The teller did not check my IC when I withdrew cash from my saving account book..

Ha ha..I wish I was..I also always picture you sitting in a Mazda CX-9 with 6 sexy girls too..
Thanks for reserving the stretcher for me..

Yes, I finished the whole process to IBG fund to RHB at 11.54am, I received the fund when I used my RHB ATM card to check my balance at 5.30pm this afternoon. The whole process was quite straight forward and easy, iRakyat sent a TAC to my mobile phone for verification purpose.

Thanks so much for sharing this method with us. This saves me plenty of time, energy and effort to receive fund.

I think minimum RM 250K or RM 300K for individual account (not company account)...?


This post has been edited by BoomChaCha: Oct 25 2013, 10:22 PM

Oh didn't know about this, only 3.6% for the 12 month.

Anyway if I was to go for 12 month and put 10K into their savings account too the actual return works out to be about 3.27% only

This needs to open a saving account, but need to put how much money into saving account?

Hmm , maybe the girl in UOB was confused then in that I needed to open a savings account in order to place FD, although I only mentioned the 12 month 3.6% promotion. UOB website doesn't mention requirement for foreigner to have SA in order to place FD,

Maybe I'll give a last try on Monday, but bit of a hassle as quite a long walk in the heat (25 mins )

You are from the UK?

Get a good sun tan walking to the bank. Ha.

Enjoy your stay here in M'sia if you are not a M'sian.

Cheerio.

Ha ha, 6 sexy girls You "too look up" (Mandarin) on me lah

What is a pal for ?

Save you time to hunt for FD promotion and share with us here, also more time for you to do more extraFD (aka extramural) activites like chasing you know lah, counting money ................

Wonder Nov got any more attractive than Affin 3.6%. Been holding my banker cheque..if got 3.8% will deposit straight...

Assuming you're holding your banker's chq since yesterday and manage to place a 12 mths FD on 1st Nov at 3.8%, you are actually getting 3.73% only.
If no promo better than 3.6%, and you place the banker's chq for 12 mths 3.6% FD on 1st Nov, then your effective FD rate is 3.53%.
The longer you hold the banker's chq waiting for better rate, the lower the eventual effective rate.
The lost of effective rate is even more apparent for a 3 mths FD ie. from 3.1% drop to 2.91%.

I suggest you deposit the banker's chq to your interest bearing savings account first in order to minimise the lost of daily interest.

Assume Mr. A earns 10K/month(120K/year), and save RM60K/year.
With the 3% lower personal tax, Mr A saves RM1500/year=RM125/month(rough estimation only as I do not go into calculation in detail) from personal tax.

Assume 3K out of the 5K monthly expenses is taxable on GST, 6% x 3K=180/month.

Net to net, due to GST, Mr A spends extra RM180-RM125=RM55/month(RM660/year). In another word, Mr A saves RM660/year less from the original RM60K/year.RM60K-RM660=RM59340/year in saving.

Mr B earns RM3K/month with zero income tax and zero saving.
Assume 2k out of the 3K is taxable on GST, 6% x 2K=120/month is his extra spending/month.

Originally, Mr B barely strives through each month with zero saving; with GST he will be negative RM120/month.

The above excludes the indirect prices increase on most of the products across the country.

With that I foresee the country will face very big challenge in 2015 and the GST is likely reduced or withdrew in 2017 in preparation of GE14.

+1 Very well said and with details too

can simply to reduce increase so easily meh? sure opposition will taruk kaw kaw.
but with BN is endless possibilities.

anyone has the mach online FD?

since the mach FD interest is credited to your money box deposit account every month, so the FD already paid the interest to you earlier than maturity date.

Just want to ask if i open 1 year FD of rm10k on mach FD, i full withdraw the rm10k after 5th month. Since the 1st - 5th month i got credited on my deposit account of the interest, so i have no lost on the interest? or they will deduct the penalty interest on my withdrawal amount?

in short, please refer to the example:
rate of 3.40% for 1 year, rm10k FD , average interest = rm28.33 per month

withdraw on 5th month maturity date (interest credited)

OR


This post has been edited by edwardccg: Oct 28 2013, 11:13 AM

You principal amount will be deducted accordingly at the point of pre-matured withdrawal but you will still get some token interest.

so it would be as case 2, what does it mean by some token interest, i thought mostly will deducted all ?

As long as your deposit is more than 3 months, you will get some token interest.
Token means a much lower interest than the contracted interest. The token interest varies from one bank to another.

i see, just checked, basically would be 1/2 of the interest rate for mach FD.
thanks for clarify