dilemma... should I migrate from mach HLB to affin @ 4.05?

My 6m 3.7% mach just ended last week.. currently put under 1 month (3.15%) in mach, waiting for new promo..

good thing bout mach is that interest is credited monthly into the SA... however, thinking bout affin, 15 months is abit too long

anyone gte contact by UOB after fill up the online form for the Groupon EFD bundle?Thanks

they said within 5 working days but i too haven't rec'd any call from them!

STill waiting

nothing from UOB........

Then just leave your 1 month FD in Mach first, you can place FD in Affin
anytime before 31 December 2014 (valid until 30 December).

If you withdraw Mach now, you will not get any interest; furthermore,
you cannot decide now whether to put in Affin 15 months or not since you
think it is too long for you..

Just wait and see...

anyone gte contact by UOB after fill up the online form for the Groupon EFD bundle?Thanks

Thanks

Waiting like this will lose FD daily interest wor..

This post has been edited by BoomChaCha: Aug 6 2014, 01:05 PM

For groupon FD deal, the branch you guys choose is too busy?

i fill up mine before the Raya weekend, on saturday they call me and all done on the following week.

still got plenty of time then. another 2 weeks to go to move to new "home"

Oh... Affin home? Or RHB home?
But you still have time to think and survey.
Just relax first...

Most probably will be Affin. But why they never promote it? Weird..
But as some forumer said, 12 months will be better to catch next year Merdeka promo.

Haiz. So indecisive

I guess Affin does not want to create more FD competitions from other banks.
Affin thinks their 4.05% is very competitive, and Affin predicts they have enough
time (5 months from August to December) to capture desired FD market share even
with their low profile strategy.

To place 12 months FD to catch next year Merdeka promo is a good idea too..

This post has been edited by BoomChaCha: Aug 6 2014, 02:44 PM

The promo is on in Affin Islamic too. I placed 3mths FD there at 3.55% after being told abt it by the Branch Manager who said it is for 'select' customers but then at min RM 10k fresh funds its hardly Privilege Banking standard! Was also informed that the promo rates are reviewed every two to three weeks by their HQ.

Opted for 3 mths instead of 12 or 15 mths because think OPR will go up again in less than a year and I can manually roll-over the principal+interest to catch the next wave of FD promos at better rates. Must remember FD's interest are not calculated on a daily or monthly rest basis. So will miss out on the compounded effect if the tenure is longer. In fact was thinking of the one mth term at 3.37% but even for this 'wo liao' (idle) auntie its a bit tiresome to keep track

If you can be bothered, the one mth is actually ok because you can instruct for the principal+ interest or the interest only to be credited to your savings account. Their Affin Plus account gives pretty decent interest for a savings acct.

Was pleasantly surprised to find out that I can close my savings account (provided it has less than RM 500 balance) via the phone when I called OCBC's hotline to find out if I can close my accounts in any branch.

They will credit your balance into any of acct you have with other banks but you must fax or scan them the other banks' statement to prove that you are actually the account holder.

I could not use this service because my OCBC savings accounts are all in joint names and the account I want the balance to be credited to is only in my name. OCBC said they can only credit the balance to another bank's account that bears the same names as the closed OCBC account.

In the end as advised by the CS, I had to go to the home branch to close my accounts. Had another pleasant surprise at the branch when told that I could also close a savings account I had with another branch. It saved me a lot time of having to go the other home branch to close that acct.

Analysts say OPR hike likely

BANKERS and financial analysts expect another adjustment to the overnight policy rate (OPR) by year-end from Bank Negara Malaysia, and Standard Chartered Bank Group Wealth Management chief investment strategist Steve Brice says one should be looking at November as the time for the possible announcement of another rate rise of 25 basis points again.

“We are looking at a November-ish date for the next rate hike, but we don’t believe this is the start of a massive tightening cycle, here.

“Probably, there is one more to come and that is most likely it,” he said in an interview yesterday.

http://www.nst.com.my/node/20337

Thanks for the "good" news !

BCC, November another OPR increase. Not Sept ? So have to put in short term ?

I think I will still go with Affin & MBSB for FD maturing soon before Nov month.

those with FD happy, those with loans

Sept kinda too near, Nov is quite good time if BNM do change the OPR then

Thanks! Come to think of it, if really OPR increases in Nov I would have placed my FD too short last month at only 3 months!

Nov will be bad news for me. I already line up my funds for the Sept date.