BR ABM mentioned nego rate changed to 50k or above.

Updates from OCBC staff this morning

🎉OCBC FD Promotion🎉

*MUST be Fresh Fund*
*Promo until 31 July 2014*
*T&C applied*

A. Pure FD (18m = 3.87%)

Do we need to open a saving account with BR for the RM5K for monthly interest payment?

This one very tempting...

RM5K for monthly interest payment... hmm interesting, anyone can confirm this for tenures 2 months and above?

Do we need to open a saving account with BR for the RM5K for monthly interest payment?

Wah, not only the profit rate has been revised down, the nego rate was lowered as well

The ABM gave any hint why they execute the flip flop policy?

Wah, not only the profit rate has been revised down, the nego rate was lowered as well

The ABM gave any hint why they execute the flip flop policy?
This one very tempting...
Yes.

Previously, I copied and shared in the above which was posted by cybpsych at Maybankard 2 Cards Thread as I thought the info would be beneficial to those of us having OD facility. I.e. Withdrawing Bank A FD and then perform IBG transfer to Bank B and then write a cheque at the same time to Bank A to be eligible for FD Promo with Fresh Fund.

And with the short discussion between a few of us, one of us mentioned about performing IBG over the counter. And guess what, I wasted RM2 to try out IBG transfer and I am happy to report that the transfer was credited into the receiving account on the same day

Well, I just published another article with the title A Little Bit Of This and A Little Bit Of That. Actually this is the 4th article with the same title. As usual, I will be covering numerous subjects in my series of articles with the same title A Little Bit Of This and A Little Bit Of That. In this new article, you will learn some new stuff or maybe nothing at all.

So, for those of you who have time to waste and more importantly a kiasu like me, please click the link below to read my article and learn more about what I have to say about IBG Same Day Fund Transfer (plus other stuff that may not interest you).

A Little Bit Of this and A Little Bit Of That - Vol.1, Chapter IV.

Did upliftment of a few of my FDs at BR. Giro charges OTC at RM2. Ask for Banker Cheque as its free then walk 10 meter deposit in maybank cheque machine. Giro still slow at BR so no advantage over cheque .

Any annual fees or fees involved for applying for Bank Rakyat ATM card? (~Doesn't seem to find the BR webpage mentioning any annual fees)

Out of curiosity..what would happen to the FD interest if there is an early withdrawal of FD in BR? Will they ask for interest refund since the interest is paid monthly & interest rate for different tenure is different?

Ha ha, he gave me an answer saying they moved with times !  Trying to attract customers. He did not even know about the 5k limit change. He checked with the counter staff when I was with him yesterday. So is BR more dynamic now ??  But still need to catch up with ninja warrior ?

Thanks,HJebat..
Any annual fees or fees involved for applying for Bank Rakyat ATM card? (~Doesn't seem to find the BR webpage mentioning any annual fees)

Out of curiosity..what would happen to the FD interest if there is an early withdrawal of FD in BR? Will they ask for interest refund since the interest is paid monthly & interest rate for different tenure is different?

Do you know whether we can uplift our FD from other BR branch by bringing the FD cert.?

Previously, I copied and shared in the above which was posted by cybpsych at Maybankard 2 Cards Thread as I thought the info would be beneficial to those of us having OD facility. I.e. Withdrawing Bank A FD and then perform IBG transfer to Bank B and then write a cheque at the same time to Bank A to be eligible for FD Promo with Fresh Fund.

And with the short discussion between a few of us, one of us mentioned about performing IBG over the counter. And guess what, I wasted RM2 to try out IBG transfer and I am happy to report that the transfer was credited into the receiving account on the same day


A Little Bit Of this and A Little Bit Of That - Vol.1, Chapter IV.

No annual fees for BR Co-op card. I think no initial fee also, but some of the veteran said has. Forgot about mine and cannot be sure. 
Sure they will deduct from your FD principal sum after doing some calculation. 

Aiyo, people jiat png, dunno they jiat sai or not. Very jialat la like this. Can simply reverse policy within months
RM8.00 will be charged for the application of the card. No annual fees or other fees involved, unless you want to replace or exchange card.

Answers to your other Qs as per replied by bbgoat.
Yes, we can uplift our FD from other BR branch, but the max amount is RM50K.

Thanks,HJebat & bbgoat for the reply..
Went BR today to open for RM5k FD..
The info I got from their customer service seems vry much contradicting.. Min FD amount for monthly interest payment to be credited to saving must be RM10k above & 6mths above tenure(after confirming with a few of her superiors from call)
For BR ATM card, there will be annual fees charges of RM8..
BR Co-op card, annual fees RM5 but must be member of any Koperasi (~which currently I am not any of the member)
BR debit card, one time RM12 charge..but at the moment can't register for online banking pin through ATM..
At the end, nvr apply for any saving accounts for monthly interest credit.

Just a quick question. Let's say I have a banker's cheque from Maybank and am going to place as a FD at OCBC on Friday. So when does my FD date starts?

Go horse lo

10000 after 6 months interest (3.6% pa) become principal = RM 10180

RM10180 for 4% over 1 year = Rm10587.20

Effective 587.2/10000 = 5.872% over 18 months = 3.915% pa

Thanks,HJebat & bbgoat for the reply..
Went BR today to open for RM5k FD..
The info I got from their customer service seems vry much contradicting.. Min FD amount for monthly interest payment to be credited to saving must be RM10k above & 6mths above tenure(after confirming with a few of her superiors from call)
For BR ATM card, there will be annual fees charges of RM8..
BR Co-op card, annual fees RM5 but must be member of any Koperasi (~which currently I am not any of the member)
BR debit card, one time RM12 charge..but at the moment can't register for online banking pin through ATM..
At the end, nvr apply for any saving accounts for monthly interest credit.

If I have a banker's cheque of RM 50000, can I take that cheque and create 2 separate FD or I need 2 banker's cheque?

If I have a banker's cheque of RM 50000, can I take that cheque and create 2 separate FD or I need 2 banker's cheque?

you can separate them 

You can even have RM10k X 5 if you want. 

If I have a banker's cheque of RM 50000, can I take that cheque and create 2 separate FD or I need 2 banker's cheque?