I was referring to the minor/trust account not the individual/joint account which has more conditions.

I was told the same thing by a BR staff, but according to magika; that is not the case. He mentioned that if we opt for a premature FD withdrawal, the % will be reduced to a very unattractive rate.

The info provided on M2U is limited, you got to get it from their branch or CS.

Cos I did it myself, but better you go and reconfirm yourself.

SCB also got promo 3.5 rate now
but it mention need fresh fund
previous fund in SCB cant use
so does it mean i need withdraw transfer to other bank
issue a bank cheque again?
wonder y bank need so hassle

question if i transfer fund from bank A to bank B
do i lost 1 day interest?
how bank daily interest work?
every day 12am
or based on 24 hour the fund inplace?

Yes and no. Depending on the mode and timing of the transfer. Question need to be more detailed for more specific answer.

For discussion purpose, I heard that the interest rates may get better early next year, near CNY. Anyone has any thoughts about this insight?
Partly the reason why I'm locking in money for 3 months to see what happens then.

Ocbc Mega Save is extended from end of Oct to end of Nov. Anyone got any news on Uob promo in Nov?

Since my SS now back to square one, I'm thinking maybe I should take up this again eventhough the rate's lower than last time since it gets as high as 3.7% for three months.

I do not think so.
My view, is rate stable throughout 2014.

With economy slowing, export figure is not rosy, the chance of raising rate by BNM is quite low.
As increase in interest rate will dampen further the economy, a situation that no one willing to see.

Unless the economy report better number, only then rate has chance to the upside.

There are talks of rates going down. What is your opinion ? Thanks.

Today going to KFH, last day for the Junior FD of 3.98% promotion. Moving out from UOB to KFH.

This post has been edited by bbgoat: Oct 31 2013, 10:28 AM

Flat or staying at current rate is the most likely.

As inflation threat is quite serious out there.
Also, BNM doesn't wish low rate that prompt more property speculation as well as already high household debt out there.

Also, if lower rate, it may mean negative real interest rate,as inflation is expected to notch up with subsidy cut here and there as well as GST implementation in the coming year (2015).

So both up and down got its effect that BNM may not want to see.

i read all your post including TS blog, can i know whther CIMB can use the online FD registration and payment via cimb clicks?currently i got saving account there

currently interest in Fixed Return Investment Account-i (FRIA-i) - WhyWait which offer 3% per month.

Thnks

This post has been edited by kcgboyz: Oct 31 2013, 12:25 PM

yes don't need registration / etc at branch, just do it online at cimbclicks for 3%.

To control inflation..Central Banks will try to tighten money supply and one of the most common ways is thru raising interest rates. With increasing interest rates, more people will deposit money (as per many sifu's here) and less people will borrow as cost of borrowing increases.

In fact, to further curb property speculation, increasing interest rates will be the better way other than RPGT. But will the Central Bank increase IR or not...really no idea.

Economy growth is a more weighted factor in most central bank mind nowadays, as compared to inflation control.

So RPGT is a way to control property speculation, while without need to increase interest rate that could dampen the economy growth.

Very odd you mentioned HLB FD Promo starts on 21st October where actual fact in started early October. See post No.1 for HLB current step up interest rates promos where one can get u to 4.5%

For the OCBC Savings Deal (formerly called Combo Deal), best time to go deposit is tomorrow!

Besides the monthly deposit into the Smart Savers Account and initial deposit, there is another variable which your friend failed to mention. If you deposit early of the month you get better effective interest rate as compared to one signing up for the Mega Savings Deal say in the 3rd week of the month. This is because whatever money sitting in the Smart Savers Account will earn miserable interest for the month you make withdrawal from it. I suggest you click here and read my comments at my Fixed Deposit Page on the OCBC Savings Deal.

And if you have like RM600K to RM1 million, why the heck would anyone be bothered with the Smart Savers Account when one's Premier Banking Relations Manager would recommend the Premier Savings Account, else she/he should be fired.

Have horrible experience in UOB today. Waited nearly 1.5hrs just for the queue. Looks very inefficient for their counters. People leaving as cannot wait for their queue. Once to the counter, while waiting for the banker's cheque, the counter should have served another customer. Instead she was just waiting for my cheque to be finished/prepared. Just 15 minutes there already. No wonder the queue is so long !!!

They should hire some consultant to do some time study to improve their efficiency !!

KFH no queue, very fast and got my FD cert prepared. Caught last minute 3.98% Junior FD promotion (ends today).

This post has been edited by bbgoat: Oct 31 2013, 06:58 PM