QUOTE(tifosi @ Apr 17 2014, 10:07 PM)
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 
Fixed Deposit Rates in Malaysia V6.1, Please Read Post #1
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 Apr 17 2014, 10:08 PM
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All Stars
26,520 posts Joined: Jan 2003 
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Apr 18 2014, 12:19 AM
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All Stars
26,520 posts Joined: Jan 2003
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QUOTE(tifosi @ Apr 18 2014, 12:14 AM) Other banks beside Affin should be able to do so I guess? No issue for UOB, OCBC and BR |
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Apr 20 2014, 01:08 PM
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#3
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All Stars
26,520 posts Joined: Jan 2003
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QUOTE(leo_kiatez @ Apr 20 2014, 12:08 PM) Thanks for the sound advice.. No free gifts from CIMB, UOB, OCBC at all. No idea on other banks. Definitely will have to visit & read the threads here more in order not to missout any great offers for future.Any other banks also giving free gifts for depositing FD for >RM5k/RM10k and 6 mths/12mths tenure? |
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Apr 26 2014, 12:41 PM
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All Stars
26,520 posts Joined: Jan 2003
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QUOTE(Wenceslaus @ Apr 26 2014, 08:09 AM) hey just curious OCBC is PIDM protectedif i take up OCBC promo option 1 isnt it almost the same i take BR 18M? |
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Apr 28 2014, 04:10 PM
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All Stars
26,520 posts Joined: Jan 2003
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QUOTE(tifosi @ Apr 28 2014, 03:51 PM) I have deposited with BR and told them that I want the FD to be auto renewed everytime the terms end. But there is no indication on that on my FD slip at all. Is this actually the right procedure? i thought that by default, it is auto-renewal at the prevailing board rate? |
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Apr 29 2014, 06:38 PM
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#6
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All Stars
26,520 posts Joined: Jan 2003
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Can I combine the money withdrawn from two CIMB saving account (me and my sister) into a single Banker's Cheque?
This post has been edited by Human Nature: Apr 29 2014, 06:39 PM |
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Apr 30 2014, 03:53 PM
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All Stars
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Just came back from my musical chair journey today.
Unable to do IBG for the above issue due to amount limit and no cheque facility. However, I asked whether is it possible to combine into a single banker's cheque and the counter said yes  Luckily coz the banker's cheque fee is RM5.15! So made a saving there  After that went to UOB to uplift a matured FD. No issue. Made an inquiry whether is it possible to top up RM10000 and consider it as fresh fund. Not possible. However, was told that there is a retention rate of 3.30% for 12 months. Banker's cheque fee is RM2.15. After that proceed to OCBC to make placement for the 18 months option. Spent more than 1 hour because the counter service is practically inefficient. They already completed my slip but didnt call up my name so I had to keep waiting. Then turned out there is a mistake and had to get it corrected. Anyway, for that 18 months option, it is printed on the slip as: #545 DAYS, *180/365=3.60%PA/4.00%PA Can someone confirm whether its the same for theirs? Can check OCBC online banking too? I am abit concern because when I check OCBC online, it shows (see image): 6540 months tenor and 3.6% rate? This post has been edited by Human Nature: Apr 30 2014, 04:12 PM Attached thumbnail(s) 
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Apr 30 2014, 05:45 PM
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#8
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All Stars
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QUOTE(aeiou228 @ Apr 30 2014, 05:23 PM) I was wondering how a two diff savings accounts holders can joint issue a single bankers chq without the cash contra. Can you elaborate in details on how it was done? My sister was present with me at the counter. We just fill up one banker's cheque form under her name and let the counter staff to handle everything. I just signed the withdrawal slip and no other document. I think they consider it as though both parties withdraw the money in cash and add together. I will have a look at her account book later to see if there is any contra.This post has been edited by Human Nature: Apr 30 2014, 06:15 PM |
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Apr 30 2014, 06:42 PM
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#9
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All Stars
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QUOTE(aeiou228 @ Apr 30 2014, 06:36 PM) Ah...! That's clears things up abit. It was a cash contra method as suggested earlier ? I will take a peek at my sister's account book later to see if there is any incoming amount recorded.You signed cash withdrawal > contra the cash to your sister's account > then your sister signed banker's chq form to withdraw by chq. |
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Apr 30 2014, 06:55 PM
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All Stars
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QUOTE(aeiou228 @ Apr 30 2014, 06:47 PM) No need to peek. If your sister sign the chq withdrawal form alone and the she is the only account holder, it was a cash contra alright. already peeked no record of incoming amount. just withdrawal. so this is cash contra  |
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Apr 30 2014, 06:58 PM
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All Stars
26,520 posts Joined: Jan 2003
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QUOTE(BoomChaCha @ Apr 22 2014, 08:08 PM) Thanks for the update... Captain Hi, if you have online banking with OCBC, can you help to check the what is the stated tenor and interest rate for this 18 months FD. Mine is 6540 months and 3.6% Top Goat, I placed my 18 months FD (effective rate 3.87%) with OCBC this afternoon. Just as usual, no gift was given, and no smile from the OCBC female rep at all, perhaps she just broke up with her boy friend recently.. This OCBC 18 months FD counts interest for 545 days, so my FD maturity date is 19 October 2015.  QUOTE(BoomChaCha @ Apr 22 2014, 10:19 PM) As mentioned by Captain last time, when you are ready to put a large sum like RM 300K If I have 300K in FD with OCBC, can I sign up for premier account already? Or it doesn't work that way...and above, just sign-up one in a life time OCBC premier account to take advantage 5.5% FD for 3 months tenure. And usually you will receive more valuable gift(s) as premier account sign-up gift(s). Last time, I received Gold Art, moon cake, traveler bag, and diary. |
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Apr 30 2014, 07:43 PM
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#12
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All Stars
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QUOTE(BoomChaCha @ Apr 30 2014, 07:31 PM) #545 DAYS, *180/365=3.60%PA/4.00%PA ---> This printed the same on my OCBC 18 months FD cert. Thank you for the reply and confirmation on the slip.But I do not understand the 6540 mths (months?), and why the interest rates are 3.6% while these 2 FDs are 18 months tenure? I divide 6540 by 12 (to see how many years ) and i get the magic number 545! I suspect computer glitch. Already sent feedback form to ask about this. |
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Apr 30 2014, 07:59 PM
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All Stars
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QUOTE(BoomChaCha @ Apr 30 2014, 07:53 PM) I just did the same to divide 6540 months and came out with 545 years.. Okay, as long as the numbers stated at the slip is the same for you and me, then safe.  .. ?But I think as long as this #545 DAYS, *180/365=3.60%PA/4.00%PA is printed on the FD cert, it should be fine. So our OCBC 18 months are 3 days mature earlier than normal 18 months FD. I asked the counter girl why the 18 moths FD is 545 days? She said OCBC calculates interest for this FD for 545 days only... I think this OCBC 18 months FD at 3.87% effective rate with PIDM is the best so far Yeah, this 18 months is really good. Took a day leave just to grab it aiya! i forget to ask about gift....but last time also no gift. This post has been edited by Human Nature: Apr 30 2014, 08:00 PM |
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Apr 30 2014, 08:40 PM
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All Stars
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QUOTE(BoomChaCha @ Apr 30 2014, 08:35 PM) Oh.. sorry, I almost missed this question from you.. Oh, so even though I have 300k FD, i still need to add more money to buy sign up something..aiya, thought can just open account and get the free gift.Now is not a good timing to sign-up OCBC premier account unless if you do not mind to sign-up one of their investment packages which Captain and I think not worth it. Please check out OCBC Premier Account's terms and conditions: http://www.ocbc.com.my/personal-banking/ac...battleinflation Based on my experience with OCBC, OCBC usually does not give gift for any FD placements; unless if sign-up for new premier account. |
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Apr 30 2014, 08:58 PM
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All Stars
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QUOTE(BoomChaCha @ Apr 30 2014, 08:52 PM) Ha ha.. a bout 2 years ago can la.. just to open a new premier account to enjoy 5% for 3 months oh okay..so now must invest 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 |
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May 1 2014, 01:19 PM
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#16
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All Stars
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QUOTE(Gen-X @ May 1 2014, 01:15 PM) 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. okay..yesterday, i just ask a little bit about premier status and the OCBC girl started to talk about investment products...so scary 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 resist, haha. |
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May 12 2014, 02:46 PM
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#17
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All Stars
26,520 posts Joined: Jan 2003
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QUOTE(Human Nature @ Apr 30 2014, 03:53 PM) Anyway, for that 18 months option, it is printed on the slip as: An update on this. The displayed rate at OCBC online banking will be changed to 4% after 6 months period. #545 DAYS, *180/365=3.60%PA/4.00%PA Can someone confirm whether its the same for theirs? Can check OCBC online banking too? I am abit concern because when I check OCBC online, it shows (see image): 6540 months tenor and 3.6% rate? OCBC will get back to me on the 6540 months issue. |
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May 17 2014, 09:52 PM
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#18
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All Stars
26,520 posts Joined: Jan 2003
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Hmm, I better ask my mum to check too as the saving account is under her name. So the issue is that the monthly interest is not credited. Should be able to detect from the account book correct?
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May 21 2014, 12:49 PM
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#19
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All Stars
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QUOTE(cybpsych @ May 21 2014, 07:06 AM) peeps, OCBC's 18-mth FD Promo (aka Combat Inflation Deal) will be terminated on 29 May 2014 instead of 31 July 2014 luckily i managed to deposit some fund for this promoNotice source: OCBC QUOTE(cybpsych @ May 21 2014, 08:14 AM) thanks. at least they are being transparent and state the effective rate. |
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May 21 2014, 06:14 PM
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#20
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All Stars
26,520 posts Joined: Jan 2003
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Guy, comparing these 2 FD promos, basically which one would you go for?
UOB 13 months @ 3.65% (100% interest will be credited after 6 month). HLB STEP UP FD 1-4th mth - 3.3% 5-8th - 3.6% 9-12th - 4% effective 3.63% |
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