General, I did read your article "The Best Savings Account in Malaysia" before I posted my question.
I just tried to find out how old is premier saving account in OCBC. After reading your article, now I figure out
we need to understand the bank deposit products first before go to banks, we cannot always count on the RMs.
Thanks so much for your efforts and valuable articles. 
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RHB CMD-i FD Promo - Effective from 13 September to 30 September

RHB has extended their two FD promos to 30 September

(1) 3.78% for 12 months FD
Can request interest to be paid in monthly, quarterly, half yearly, or upon FD maturity. No upfront interest.

Requirements:
For RHB existing customers only (existing saving account holders are eligible)
Minimum placement: RM 10 K with fresh fund
Maximum placement: RM 3 million with fresh fund

Campaign Target: RM 250 Million

Note: I forgot to ask RHB if this 3.78% FD promo requires to open a new saving account or not? 

(2) 3.88% for 12 months FD bundled with 3 months CASA
Can request interest to be paid in monthly, quarterly, half yearly, or upon FD maturity. No upfront interest.

Requirements:
For both RHB new customers and existing customers (existing saving account holders are eligible)
Minimum placement: RM 25 K with fresh fund
Maximum placement: RM 5 million with fresh fund
90% of fund in FD for 12 months
10% of fund in CASA for 3 months

Campaign Target for FD: RM 200 Million
Campaign Target for CASA: RM 20 Million

RHB saving account rates --> [attachmentid=3628379]

RHB current account rates --> [attachmentid=3628380]

This is what I told the oeration manager and I will sure complain to BNM.

For those of you who are playing fresh fund by IBG or Rentas way, please avoid Standard Chartered bank. Rentas money transfer is suppose to be within same day or within a few hours. This is my personal experience with Ocbc and Public bank.

Standard Chartered Bank need 24 hours!!! Yesterady at 2pm I rentas out of Standard Chartered bank and today at 1pm when I checked, the recipent bank has not yet received the money. Called that inefficiency SC, was told it takes 24 hours to transfer the money.

So beware...and avoid Standard Chartered bank when you want to beat the fresh fund rule..

i can imagine if family members do not know how much, where and how i save the money, they would be very much inconvenienced and may even lose out financially leaving the money lying idle.

Only the bankers would be the one happy, the longer you do not claim your money the more happy they are. Unit trusts that make money are kep till losing, would be the worse thing.

I  trust my family members 100%, so all of them are regularly reminded where and how i  keep the savings. I gave them my PW to my system.

I wonder how many does what i do. Whenever the whole family fly together, i even inform my mother where to find the list of savings i keep.

Kids asking how much we have, no problem. How much i earn, no problem, tell. The more you earn the more you should let your kid know to encourage them to work harder. The same goes for my insurance policy etc, some say if you tell, they might kill you off to get the money faster..........not in our family i think.

MBB offers 3mths FD average out 3.27% with fresh fund

may lose out the interest?
for that, i think try Cash Management funds is better

For deposit up to rm50k:

MBB Premier Mudharabah Account-i - Minor / Trust effective rate is 4.1% for the period of 1Nov to 31Dec2013 (3%+1.1%). But need to verify the T&C.

3.27 pa MBB for 3 months

3.27 is ER for 3 M only

... just got to know bankrakyat drop its rate 0.5 on fix deposit ...

How u got this Information?   

If I'm not mistaken, u can be charged for leaking confidential information 

I'm not trying to scare him. the information we got is quite confidential on BR part esp the 100m loans & going to become NPL 

BR not public listed company right?

Need the money as planned in my budget.

Interested to know what is the rate for the saving account with high yield interest you mentioned.

Which bank has this?

Cheerio.

Affin bank has good deal if you have 1 mil above.

Conventional Interest Rates

Product Type


    Revised Rate
    (% p.a)
    w.e.f. 23/09/2013

All Savings Account * 

    RM1.00 - RM999.99 - 0.50%
    RM1,000.00 - RM4,999.99 - 1.00%
    RM5,000.00 - RM19,999.99 - 1.90%
    RM20,000.00 - RM99,999.99 - 2.80%
  RM100,000.00 - RM499,999.99 - 2.85%
    RM500,000.00 - RM999,999.99- 3.10%
    RM1,000,000.00 and above - 3.38%

i am enjoying now atm..

It's TIERED RATE, Say you deposit RM100k, the actual rate is 2.50% instead of 2.85%. Because your first RM26k only earns interest rates from 0.5% 1% and 1.90% only.

tier interest rate..say u got RM 150,000.00

RM1.00 - RM999.99 - 0.50%    ( RM 999.99 * 0.50% = RM        )
    RM1,000.00 - RM4,999.99 - 1.00%  (RM 3,999.99 * 1.00% = RM      )
    RM5,000.00 - RM19,999.99 - 1.90% (RM 14,999.99 * 1.90% = RM      )
    RM20,000.00 - RM99,999.99 - 2.80% (RM 79,999.99 * 2.8% = RM      ) till here is RM99,999.99
  RM100,000.00 - RM499,999.99 - 2.85%  Bal (RM50,000.00 * 2.85% = RM        )
    RM500,000.00 - RM999,999.99- 3.10%
    RM1,000,000.00 and above - 3.38%
Lazy to calc...i think u know what i mean...

Anyone knows which bank allows you to open FD online without being present?

Received SMS from BR's ABM to collect their "beautiful hamper" as described by the ABM. Collected the hamper and asked for another one. Was able to get one more like last year. Claimed that I have 2 accounts with them. Ha ha.   

Have not opened it up yet. The ABM claimed that the value of the hamper is higher than last year. 

From my own experience, many RM out there are not professional enough (some may indeed good, not to say all are the same) and a lot of time lack of proper knowledge in investment field.
An experienced investors/clients may have better knowledge in investment matter compared to them.

Many RM behave like salesman instead of giving proper advice to clients.
In fact, my view, RM just a nice name, in other day, can be called as sales person as well.

My own experience on no less than 5-6 RM I had met.
Only show up when you interested in invest into something that they can earn a commission,
or keep on promoting some product that can earn them a performance boost.

Want to put FD one, then they don't bother, need to do myself. (as no commission on FD deposit) 
Want to sign up structured product, buy UT, insurance etc, come to your office, very nice.

RM or no RM, it makes no different at all.

Assume 3% interest, you'll get rm1,520.80 in interest for 1 year tenure.
You can visit compound interest calculator or download app to calculate your monthly interest.

You can consider FD laddering or check for the promos listed on the first page of this thread. My opinion given is based on this 50k is extra cash for combo of emergency funds savings & investment.

You are basing on 3% interest ? Then first month is RM125 only.