Ha ha.. a bout 2 years ago can la.. just to open a new premier account to enjoy 5% for 3 months
FD and also received quite good gifts like Gold Art and RM 100 Parkson voucher.

But now different condition loh..

Please read Captain's Post #148 on Page 8 about his comment about the current situation
of OCBC premier account:
https://forum.lowyat.net/topic/3190807/+140

Ya, I have been spreading my nest egg over several banks for safety reason.

However unless the amt is rather high (what amt ??) in one bank, what you mentioned will not happen. Also if the money is legitimate, why worry ?

oh okay..so now must invest

50k for me big but small amount for the taxman. Lol

Human Nature, BoomChaCha got a point, maybe not good time to sign up for OCBC Premier Banking Status as you may get 5.5% interest rate but subject that you purchase investment/insurance product.

What you can do is go with the OCBC 18 months FD Promo BUT KIV the Premier Status (sign up later when there is a pure FD special rate Promo, which will be months away if any) UNLESS they are offering you FREE gift(s) you can't resist, haha.

This post has been edited by Gen-X: May 1 2014, 01:38 PM

okay..yesterday, i just ask a little bit about premier status and the OCBC girl started to talk about investment products...so scary

Ya, all these so called PB (preferred, premier ....) comes with people trying to sell investment products. It would scare off those of us looking for plain simple good FD rates !!

Hi all, have some silly question to ask here.

The interest rate is calculated per annual which mean if 3% / 12 months = 0.25%. If I tenure for 1-6 months, is that the "X month i tenure * 0.25%" = interest ? PS: Figured out already

Btw, any recommendation for short term FD?

Thank you

This post has been edited by MrAkA: May 2 2014, 12:34 PM

is short term FD like those monthly FD are compounded monthly or just amount * interest p.a /12 * x month i tenure?

The deposited amount was RM 52K, bank called me and needed to know the source of money, otherwise they would report to Bank Negara, finally I showed the bank my CP30 to "settle"...

Top Goat...please check your iRakyat account, somebody just sent you money..

What lah, cannot be that 52k, must be 520k. You missed out one "0" !!

Seriously, I think most of us here have placed a single FD of 50k or more in one cert. So far have not heard of problem before. Even 100k cert also have not encountered problem.

Oh ya, BCC not doing legitimate business and in Bank Negara listing ??

He he , so nice of the person.

May check it on 32nd of May this month.

This post has been edited by bbgoat: May 2 2014, 01:45 PM

The ABM of the bank was too suspicious...

No joking...Please check your iRakyat account, FD interest has been paid on 1 May
based the the reaming calendar days after the FD maturity date..

This post has been edited by BoomChaCha: May 2 2014, 02:19 PM

Ooo...I received that too. Thanks for reminding...



Attached thumbnail(s)

You just IBG the fund?
Yours is 5 years FD?

If Top Goat did not receive the FD interest on 1 May, then I guess
this only applies to 5 years FD?

I just called to BR toll free, they were not aware of this. But they will call
me back to confirm their new interest payment policy..

This post has been edited by BoomChaCha: May 2 2014, 02:25 PM

No lah...my FD did not start on 1st of month...
I always IBG on the day of interest...this month not yet harvesting day...
Mine 2-years.

This post has been edited by tbheng: May 2 2014, 02:25 PM

BCC, please share or pm which bank that query your amount deposited. I do not like like mafan , on top of it, they do have the right which compounds matters. If dont appreciate our deposits then we can deposit at banks that dont cause us problem.

I also received hibah only and not FD interest.

Oh..I see

This is quite strange.. I received monthly interest on 1 May but the interest was calculated
based on the remaining days after my FD maturity date in April..

I think what you get is the SA interest. So your previous FD matured and all goes into your SA?
If you expect it to be auto renew as new FD, better call them to check.

Yes, they have to right to ask for the source of money, but normally the bank just need
verbal confirmation only.

I could feel that the ABM voice tone on the phone was still suspicious even after I explained
the source of money to her.
Few days later, when I went there to withdraw the money and intended to place a FD in another bank, the teller wanted to see my business card and some personal particulars so she could key in into their system, so I realized that I had to show them my solid document to clear their doubt.

This RM 52K was not FD, it was business profit which the company deposited into my saving account.

But I do not mean this bank is bad lah.. just just that the ABM was too suspicious..

But the way she talked to me on the phone was a bit rude and quite scary..

What is hibah..?