Looks like I have to park my money reserved for EPF's self-contribution scheme in FD. Went to see a EPF CS @JB office and was told that those working and contributing EPF are not eligible to join this scheme and if found out the amount will be returned.

Bro, RM2 not wasted lah, cost incurred to confirm this method is workable, barring any IBG hiccup.

This post has been edited by MGM: Apr 17 2014, 12:38 PM

PBB STEP-UP FD:
3.4% (month 1 - 3)
3.6% (month 4 - 6)
3.8% (month 7 - 9)
According to T&C 4.5, interest rate will change with OPR?

https://www.pbebank.com/Personal-Banking/Pr...STEP-UP-FD.aspx

https://www.pbebank.com/pdf/Promotions/tc_p...up_frmjuly.aspx

4.5 The promotional interest or profit rate (whichever applicable) will be
subject to revision should there be any Overnight Policy Rate (OPR) change.
The revision of rate may impact any of the promotional interest or profit
rate (whichever applicable) i.e. first 3-month rate or first rollover rate or
second rollover rate, where FD or investment placement made in this
Campaign will be subject to the revised promotional interest or profit rate
(whichever applicable) for subsequent roll-overs.

This post has been edited by MGM: Jul 3 2014, 09:23 PM

I have never faced such problem when using personal cheque for FD placement. Which bank's cheque are u using?

If possible, use the RHB Junior Saving Acc(3% int) for the 5% CASA portion to maximise returns. Wonder whether can use this as a joint acc? After 90 days transfer this amount to other FD on Promo. I think this RHB Stepup FD has the advantage of early withdrawal btw cycles, in case of other better investment.


This post has been edited by MGM: Jul 7 2014, 05:53 PM

Call the CS this morning on this but was told that Junior SA not considered in this promo. Went to RHB taman Megah PJ's branch to reconfirm but was told otherwise.

Money market and stock market will sneeze then.

I wonder how long it takes to merge 3 corporation, > 1 year?

cos banks take opportunity to make more money.

while waiting where would you park your money?

Some said another increase of 25 basis points in Sept2014.

Repeat of the 1997-98 crisis? I remember a 2-storey-link in 1U sold for rm180k.

This post has been edited by MGM: Jul 11 2014, 09:23 PM

If you have taken up the stepup FD to 12 months, you most likely will not cash out becos the next 3months you will get 5.38%. So effectively u get > 4% even with the CASA thingy.