Min 500k might as well take up Ocbc premier banking earn better rate for 3 months only

i bought four, using 4 names, 1 name max only 50k.
still in my current records are:
1) sukok simpanan rakyat 2009 - 14.5.09 -14.5.12 5% quarterly interest
2) bon merdeka 2009 -18.3.09 - 18.3.12 5% monthly interest
3)bon merdeka 2008 - 11.4.08 - 11.4.2011 5% quarterly interest
4) sukok 1 malaysia 2010 - 21.6.10-21.6.13 5% quarterly interest.
IIANM besides those above, got somemore prior to that.

3.85 is FD awesome, Merdeka is 6 months (3+3) but finished already.
They also have Profit Now Account, 12 months 3.80% can get interest upfront.

The Bon Merdeka 2008 & 2009 is open to all or certain group only?

Good ! you got the good deals. I only got the last one that matured in June 2013.

how about this from maybank?




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this is what I mean. the highest from MBB past 5 years.

sure the 3+3 is merdeka? this also merdeka....

yes. 3.85% inclusive PIDM is real good deal.

And the amount left is not that much if not mistaken. they did check b4 doing transection.

Hello Sifus,

Yesterday when i withdraw from aTM, i saw this on the slip.

May i know what does it mean,
does it mean 6% PA for FD above 10k? as what i understood?

tq..


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refer to my earlier post. is 'up to' 6%, which is only applicable on the 12th month

tq, which post #?
can't seem to find it?

Tq...
kinda new with the terms and stuffs..
would this be the correct calculation?





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to lure auntie and uncle who dont understand effective interest rate p.a.

Sorry. I am not uncle. But what is effective interest rate p.a. ? Is it the total interest you will get p.a. ?

Effective interest p.a is the nett interest rate:

Let's a FD package offers interest rate as below:

First 9 months @ 3.3% p.a
Last 3 months @ 4% p.a

The simple effective interest rate is (3.3/12*9) + (4/12*3)= 3.475% p.a

This post has been edited by David83: Aug 29 2014, 07:13 PM

Public Bank promo effective interest rate 3.88%

This post has been edited by pinpinmiao: Aug 29 2014, 07:59 PM

Hope Ah Flo's May Bank flyer can help you..


Ok.. Thank you

If HSBC offers FD promo for new Premier customer, you can take
advantage of this high FD rate to place your FD there for 3 months.
This is what I did about 2 years ago.

HSBC 5.88% for 2 months, but need to buy HSBC wealth products:
http://www.hsbc.com.my/1/2/personal-bankin...ac=MYH_CH_D_TMD

If you are looking for high interest rate, why you have to choose HSBC?
As long as high interest rate with PIDM protection, any banks' FDs also can lah..

Yah loh.. I missed that..


This post has been edited by BoomChaCha: Aug 30 2014, 06:04 PM

Agree..
They try to mislead and confuse customers who do not know how to calculate the effective rate.
A very bad FD promo tactic..

Thanks for the update info..

I think Public Bank learns this strategy from OCBC..
I was wondering will the earned interest from the first 6 months be compounded to the last 6 months?

SMS from BR
I received one SMS from BR this afternoon, it stated like this:

Looking for new investment?
Try Islamic Funds@ Bank Rakyat.
Expected returns 8-12% for UT &
up to 4.5% p.a. for FD

This post has been edited by BoomChaCha: Aug 29 2014, 08:50 PM

not breaching 4 yet.

Assume 10k (i know min 20k, 10k easy to calculate)

6 months = MYR 184 for interest

10,184 for 6 months at 4.08% = MYR 207.75

Total interest = 391.75

so only 3.9175%