Went to Ocbc open Mega Saver and new Smart Saver today before the rate goes down...

Effective 11 sept ocbc promo

Fresh fund same as before
Mega saver interest drop from 4.5% to 4.2%, previous 2:1 ratio remain. A quick estimate shown the effective rate is 3.55%.

Fresh fund same as before
13 months joint account drop from 3.7% to 3.55%

No Fresh fund required
3.33% for 12 months. This one I wasnt sure as the rate is low and I dont want to waste my memory cell..

Yea, was at OCBC yesterday and was informed about the drop in interest rate as well.

If you pair up with Premier Save Gold S/A, effective rate is about 3.8% (compared to before it was almost 4%).

Looking into KFH promotions now. Any other banks offering good rates this quarter? Interested for 3 or 6 months term only.

Yea, I did mentioned about Premier Save Gold SA few months back before. One of the sifus here also did say that need minimum RM200k in the SA to earn the ~3% interest p.a. That's the only drawback I guess - 1/3 has to have RM200k. The good thing is no need to top up every month like SmartSavers account to earn 2.9% p.a.

Yea, that was quite some time back. Haven't been chasing FD promos for quite some time already.

Will drop by KFH branch tomorrow since I'll be passing by one on my way out, probably put some funds in. Mind to share with me what are you reservations with that bank?

BR rates are quite good too. Only thing no PIDM status.

My early estimation was based on % not on actual dollar. I was trying to get a quick feel on the effect of dropping to 4.2%. With your calculation of 3.71% helps me to stay on with Ocbc instead of playing musical chair with Mach, tq

Bro, read carefully, I said up to....
Like I have been mentioning for months in my my Fixed Deposit Page, for OCBC Combo Plan (now Mega Save), timing is crucial. Now, if you go deposit sometime middle of the month, the effective interest comes out to be less than 3.6% with the 4.2% 3 months FD Promo. Go deposit last day of the month and withdraw last day of the month after 3 months, the effective interest comes out to be 3.467% (see see the number, who will want to go deposit there? hahaha).

Seriously, I stopped going for OCBC Combo Plan after I ran out of names to open PB to qualify for the 5% 3 Months FD for half AUM (at that time also no need to purchase investment products) and get effective interest rate close to 4.5%. Moreover, not to say I got funds coming in every 1st or 2nd of the month to optimize the Combo Plan returns. Now with 4.2% and getting effective rates close or lower than Affin's 3.6% 12 Month FD rate, when you go sign up for Mega Save after the first week of the month, what is the point? For me any promo earning effective interest rate less than 3.6% is not worth the time.

The smart ones of course have opted to go with BR... example BoomChaCha going with straight forward 3.65% 3 months with BR, no need to waste time calculating effective interest rate and making monthly deposit 

Went to KFH Klang branch today. Deposited some money into their 3.8% for 6 months FD promo. Friendly staffs, not many people, parking easy, very happy with their service.

You'll have to open a S/A, they have a few types of S/A. First is the basic one which only require RM20 to open the account, can't remember how much is the interest rate for this one. The other one is RM200 minimum initial deposit for 1.5% p.a. or RM1000 minimum initial deposit for 2% p.a. No minimum balance required in the account to maintain the interest rate. Placed FD for 6 months, went out do my things a while and went back to the bank after an hour to collect the receipt.

I'm pulling most of my funds out from OCBC now. Very headache with their accounts. Too confusing, too many accounts, every other week got statement come. 

Dont lah promote BR !    The more people deposit there, the lesser the rate we can bargain in the future..

no scared.. meh..

I do agree that OCBC seems to make things damn complicated. BNM has left OPR unchanged but banks are reducing Fd rates, seems like too much liquidity in the system, money printing ? 

The one in town. Opposite First Avenue. Easy parking, straight cucuk infront! LOL!
I got 4.01. I did not place a huge sum, so no nego. 

50k

The one at Jalan Magazine downtown Penang is the exact opposite. Staff all sulky.

Just the annual interest rate only. I went for the RM1k minimum initial deposit to get 2% p.a.

Yea, I was told their previous FDs paid interest (or they call it "profit") upfront, but this 3.8% will only pay interest upon maturity and is credited into the SA.
OCBC memang lots of paperwork, very pening. 
Then afterwards will call us to see if we receive the product information sheet and all that.

Stalker here  , stalking me .............................    Really good follow up, no one should ever owe HJebat anything, ever !! 

Was in BR today.

1. For my renewal, only able to get 12 mth 4.06%. They have even raised the nego rate from amount >50k to 100k !    Meaning if <100k, you only get board rate. Cumulative amount does not do any good now as if you top up after xxxk, you still need >100k to get nego rate.


The ABM told me BR's profit is going down as government is tightening bank loan. So BR is not as "lenient" as before in giving out higher rates. Even stingy as far as hadiah is concerned ! 

Highest at RHB is 3.35% for 5 years. You lose RM1350 per year for every 100k you put at RHB. Worth it? For big depositor like bgoat and bcc they can lose more than Rm1000 every month...that's alot of money!

RHB FD 3.78% for 12m still available, open a SA put RM3k got free gift- a digital blood pressure set and RHB mug. Unlike BR , take free gift at RHB must sign form, good control in RHB.

You placed your FD in between 1 to 3 months, right?

For Affin FD in between 1 to 3 months tenure, the rate is 3.68%
If you want to get 3.78%, you have to place your FD in between 4 to 6 months.

Nope. rm20k. 20% has to put in CASA. Refer to the first page to check it out.

MACH by HL bank 3.55% for 3 month, Gurney paragon, Penang. Offer end 31 oct