finally OCBC updated their page with the 18-mth FD promo. Known as Stand Up To Inflation Deal

Promo Page | T&Cs

That Maybank 6 months promo.

Promotion period: 23/5/-30/6
Min funds: $10,000
Interest: Paid on maturity
Period: 6 months
Interest average is 3.55% based on flg:
1-2 months 3.1%
2-4 months 3.15%
5th month 3.2%
6th month 5.6%

Anyone knows does this need fresh funds or not?

Edit: Called the bank already. No need fresh funds and can deduct from my CA directly.

This post has been edited by munkeyflo: Jun 4 2014, 03:18 PM

What if you uplift an FD in cash, then re-deposit?

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Hi, besides Affin and Alliance Bank, any other bank pay the interest in monthly basis for 12 months tenure and pay back to Account?

Thanks for the info, must we go to counter to place the FD or can it be done online?

Depends. Last time OCBC told me got people do that, but then apparently they don't allow already now. You can try and let us know which bank if they allow you to.

I think Bank Rakyat does.

Have to go counter.

There are talks of withdrawing the FD in cash, go for lunch, come back and re-deposit as new fund.

Bank Rakyat will allow monthly interest for 6 months and above FD. Other banks do but with some conditions like senior FD etc.

Top Flo so active, good Flo (lo) !

Lol

Last time OCBC told me got one guy withdraw from one counter in cash, take another number and go to another counter to deposit. But I think a few people have been doing that so maybe they don't allow it edi after few months when I asked them about it again.

I never did that trick before. Ha ha ha.

There was talk about this months ago here and even discussion on how much cash a person is willing to carry with him/her during lunch time !!

If the amount is few thousands okay la.

But better dont tell anybody what you're doing otherwise kena rob during lunch lol

Remember there are people claiming can carry >100k cash ?

Wah, must be you la top goat

I think 5k cash also I scared already lol

You forgot some Top person already ? BCC can stand behind what I said. Where are you, BCC ??

Me, up to 10k still OK, look left, right, front, back all the time. Prefer to use cheque, RENTAS, IBG .........

This post has been edited by bbgoat: Jun 5 2014, 11:46 AM

carry >100k cash in hand? I don't dare to do it. The person who do tat got steel balls

Almost forgotten about the BR 1st of month interest credit issue. Just checked and for those Mubeen FD, they still credit the interest on 1/6.

BCC, please check yours. So only Mubeen FD is doing this.

Anybody renewing their FD for shorter term than 1 year & for how many months?

I am thinking of putting at 6 months just sufficient to get the monthly interest for BR.

As people expecting OPR to go up, some of us are putting at short term FD. Myself have put in 3 months FD recently while waiting for the OPR to go up.

Usually will put 3 months or 6 months. But now lazy play musical chair edi so put 12 months or more if rates are good.

Have a question about BR. If BR credits the interest every month to your account, what is the penalty if we do an early FD upliftment?

Rich person like Top Flo no need to play FD musical chair, watch/play musical chair at home.