eAccount Rates
with effect from 27/07/2014
Balance Nominal Rate
(%P.A) Effective Rate
(%P.A)
UP TO RM 2,000 0.05 0.05
UP TO RM 15,000 0.85 0.85
ABOVE RM 15,000 2.78 2.78

You may want to verify with UOB that the eAccount rate is tiered rate or not ? Example, if you put 16k in eAccount, first 2k gets 0.05% next 13k gets 0.85 and the balance 1k only can enjoy 2.78%.

If eAccount is tiered rate, then you need to multiply 4% FD rate by 70% and that gives you an estimated effective rate of 2.8% ( if total placement is below 50k)
50k x 1.2%(underpaid interest from market rate) x 3 months is Rm150. Therefore depositor is paying rm150 for the gift based on a RM50k total placement example.

I agree with Ah goat suggested that just put the minimum gift qualification placement amount of 5k to claim the gift set.
So, ah goat, how much interest underpaid depositor have to forego if put minimum 5k to earn the gift set ?

i will only deposit rm5k in this to get the gift.

i am prepared to get 0% on the eAccount thus expecting 4% x 0.7 = 2.8% only.

loss is very minimal considering the gift value and money omly hold for 3 months. if you dont need the lugage can just move on.

compare to BR 3 months 3.6%, deposit 5k in this you will only lose approx. rm10 interest for the gift.

This post has been edited by bearbear: Jul 29 2014, 12:18 PM

anyways, here is the 3.88% from RHB. No CASA thingy


Attached thumbnail(s)

anyone can confirm affin is offering 4.03% for 12 months, for its promo now?

RM10 for the 3 gifts looks very inviting but I've a few "free" bags yet to be used...

Maybe may use this as an interim measure till the BLR decision in Sep...

Was told by Affin the 12mths effective rates about 3.85% after taking the 20% CASA deposit into consideration. Except for the 12mths deposit, the rest do not need CASA placement.

It's not even good for interim measure unless your deposit amount is only 5k.

I think the primary intention of this FD campaign is to attract more new to bank accounts.

Thanks, but I kinda confused on the promo. Take for eg 5k

Based on the clause:
UOB eAccount to Fixed Deposit ratio at 30:70 required.

which means eAccount = 1500 and FD 3500.

So effective divvy from eaccount = 1500*2.78% = 41.7 FD=3500*4%/12 *3 = 35

Total = 76.7..

Do correct me if I am wrong.

self explanatory reply

This post has been edited by bearbear: Jul 29 2014, 11:59 PM

just to clarify, is yours online FD placement or OTC? AFAIK, FD NOT entitled to any extra interest should the maturity falls on non-banking day. For online FD, you may withdraw online during non-banking days but over the counter cannot. Do correct me if I am wrong. If it is true that we can earn extra interest , that will be great news for me cos I have one OTC FD maturing on Sat. Thanks.

BR at 3.6%;


http://www.themalaysianinsider.com/malaysi...illion-says-pas

Hi guys.. Would like to seek advice here as I'm a newbie in FD stuff.
1) I have an existing FD which the term will mature soon in few days time. It's a 1mth FD. I would like to renew and add additional money to it (not much, slightly more than 1k) , is it worth it or should I just open a new FD to put this new amount of money there. I'm just not sure how it will affect the interest rate.

2) if I renew + add additional money to my 1mth FD, what is the process to add the money? (Eg. Before maturity date or after maturity date)

I have open this FD through online and it will mature this weekend. Since it's a non working day, does this affect the "renewal + adding $$" process too?

Much appreciated for your replies.

Its promo so placed OTC. Just checked, they credited the interest to my account yesterday, so lost one day's interest cos I can only withdraw today =(.

EDIT: Just realized that this particular promo was done online. So no complaint la, should have withdrawn yesterday. Oh well.

This post has been edited by LostAndFound: Jul 30 2014, 10:28 AM

Thanks for the reply. BTW, I think you lost 2 days interest there (Mon + Tue). Since it is online FD, you could have withdrawn on Monday itself.. oh well ...

Well, the other mistake I made is that it was a 29th Jan not 28th Jan placement (wrongly written in my records) so only one day =)

Time to go Affin Bank to get their 4+% 15 month deposit.

Withdrew FD from BR some time back.
Worried when an institution offers relatively high rate over market rate over a prolong period.
I don't like sleepless nites

This post has been edited by ??!!: Jul 30 2014, 02:09 PM

Just curious, I heard FD interest rates are negotiable. So does that mean you can get lower interest rate than stated in their website if you deposit large sum into FD?

May I know what is the diff between Islamic and Conventional FD? Anything that I should be worried about as I plan to place in OCBC 12-mth FD promo.

for ocbc islamic fd, isit can be done at the same ocbc counter or its a different ocbc islamic bank??

hi, for eFixed deposit, is it only available at Maybank n CIMB? Any other banks has eFD services? Tq.