Fake young man.. .. You are slapping to yourself this time... Ha Ha..

Oh..This is a good news..
Are you talking about old type Mubeen?
My Mubeen FD is 5 years FD, not mature yet...

SCB 4% Bonus Saving plan was making me crazy for past few days.. Now I know how does it work since
after visiting another SCB branch couples of time, and also calling SCB hotline many times....

Step by step like this:

(1) Join SCB priority banking

(2) Deposit minimum RM 10K fresh fund to JustOne current account during any day in the month for 6 months.

(3) Use online banking to transfer RM 10K from JustOne current account to JustOne saving account on the same
day to earn 4% interest in saving account, because current account has no interest.

(4) As long as deposit RM 10k fresh to current account every month, all money deposited to saving account during
6 months promotion period will get 4% interest.

I think this plan is good for consolidating small funds while still can earn 4% interest (actually maybe slightly lower than 4%)

---------------------------------------------------------------------------------
I went to May Bank to withdraw money this afternoon, below was the conversation:

Me: Encik, May Bank ada FD ke..?

Staff: Ada, kita ada 3.7% untuk 3 bulan sekarang

Me: Bukan 3.87%..?

Staff: Oh.. yang itu mesti bawa check dari lain bank..

Me: Ya.. saya tahu, saya ada dengar khabar angin..

Staff: Ya ke.. angin besar ke..? (Staff looked panic.. .. Ha ha..quite funny..)

Me: Saya ada dengar ramai orang cakap mesti bawa check dari, CIMB, RHB dan MBSB, betul ke..?

Suddenly one famale staff came to join our conversation...

Female staff: check dari lain bank pun boleh

Me: Check dari Hong Leong boleh ke?

Female: Boleh juga. tapi mesti cepat lah, kalau kita hit target, promosi ini akan tamat awal

Me: Ok.. Minimum deposit nak berapa?

Female: RM 50K

This post has been edited by BoomChaCha: Oct 10 2014, 12:25 AM

I guess MBB original plan is:
(1) Check from RHB, CIMB & MBSB: 3.87%
(2) Check not from these 3 banks: 3.7%

Ha ha.. I think MBB realized they are making mistake to irritate these 3 banks..
But MBB hair is already wet..

We welcome Uncle Magic.. Uncle Magic is jokable we can make fun of him.. Ha ha..


Yes, it is Mubeen printed on the left bottom side of the FD cert


I do not like the complicated T & C either.. Ah Goat
But no choice, I have to study this since my hair is already wet..
No lah.. only one PB in SCB

Because now many people go for FD instead of investment products, including our Uncle Magic..


That time I also asked for the 3.87% FD flyer from May bank, but they said they did not have it.

To be the biggest bank in Malaysia..? Wish them good luck la..

If based on SCB terms & conditions 6.1, the answer is yes.

https://www.sc.com/my/edm/priority-banking/...-Conditions.pdf

But after deposit fresh fund RM 10K to JustOne Priority CA, then can use online banking to transfer RM 10K to Justone
Priority SA to earn 4% on the same day --> This is confirmed OK. All 3 SCB staffs talked to me the same that all SCB
customers are doing this way.

Another method is, for 2nd month and for the rest of the months, withdraw the existing fund RM 10K from SA, and deposit
back to CA for each month, but cannot use online banking to transfer fund because this RM 10K deposit to CA needs to be fresh fund. So, this has to be done in bank counter, and you have to remind the teller cannot use transfer fund in between SA and CA,
but have to use one in and one out method, this means you have to fill-out one withdrawal form and one deposit form. ---> I think this method should be OK based on the T & C, but still need to double confirm with SCB.

Can, can transfer RM 10K to SA on the same day as long fulfill the requirement to deposit fresh fund RM 10K to CA every month.
SCB just wants to see we deposit fresh fund RM 10K to CA every month only, after that we can withdraw this RM 10K from CA
anytime. CA has no interest, who wants to put RM 10K there for no interest?

If you join SCB priority banking this month, your 4% Bonus Saving offer will end in 31 March (6 months), then you can withdraw all money from SA & CA on 1st of April after all your earned interest is paid. We can see the interest payment in online banking
account.

SCB officer reminded me that when deposit fresh fund RM 10K to CA, this RM 10K has to be from one check (cash also ok), this means you cannot deposit RM 10K from 2 checks.

Thanks so much for the rocket speed KFH FD info as well as calculating the effective rate, you are number 1, Golden...

If BR can match KFH 4.09% for 1 year, then I will probably go for BR because KFH monthly interest will credit
to KFH saving account, if we want to do online banking (IBG), then I guess we need to pay RM 8.00 annually
for the KFH ATM card.

Furthermore, it is very hard to find parking in most KFH branches, and I try to avoid to give my IC photo copy
to many banks.

KFH's 26 Months effective rate 4.49% is very attractive..I am more interested in this promo rather than 4.09%
promo.

If compared KFH's 4.49 for 26 months vs. SCB's 4.25% for 18 months and vs. MBSB's 4.7% for 5 years, I think
most likely I will go for KFH. BR is totally out of the FD game lah this time...

Now we are in the situation the FD promo rates are getting better and better..

I am worried what if after place 4.49% with KFH, then MBSB suddenly offers 5.00% for 5 years?
Very headache...

I 100% agree with you that I love to IBG BR monthly interest every month to my saving account...really cannot live
without this..

Warrior, it seems the Budget 2015 has no big surprise to affect FD..

Now KFH offers very attractive rates wor...at least we have one more option to consider..
I am still waiting and expecting MBSB to react soon, BR is hopeless...

Ah Goat, Post #2 has been updated... Ha Ha..

Welcome back Captain. Thanks for the FD update..

Abang nomen reported that UOB has revised the Promotional Rate to 12 months FD tenure to 4.05% p.a
on his Post # 699 on Page #35

Thanks for the effort to calculate the effective rate.

Yes, I think everybody is curious about what is the "mystery" gift?

Ah Goat, based on the calculation from Taiko giko, KFH FD promo rates are not attractive..

effective rates:-
13 mths = 3.760% or 3.779% if compounded.
26 mths = 4.098% or 4.149% if compounded.

Now, the 2nd round of Bank FD offer battle has begun again... Ha Ha..

Glad to see that BSN is posting their FD promo 3.95% web banner on this thread..
This means BSN is aware that this thread is famous and popular for latest FD info...

Okay.. Captain's updating speed is faster than rocket... Ha Ha..

This is for sure, earned monthly interest will credit to KFH saving account.
My concern is, if we want to use IBG to transfer monthly interest from KFH saving account, we need to get
a KFH ATM card or debit card first, but if the debit card is free, then this is no longer an issue.

Noticed Captain's blog has more explanation about recent FD promos:
http://generationsxyz.blogspot.com/p/fixed-deposit.html

Oh... BSN..? Sorry.. I made a mistake..

I am not interested in BSN FD, unless their FD rates are very fantastic.
Another reason is, I am scared to give my photostat IC to many banks, I try to reduce the "potential risk"..


This post has been edited by BoomChaCha: Oct 11 2014, 05:24 PM

Oh.. This is real suck la.. need to wait for 2 days for the check clearance and lose 2 days interest..?
I think we need to put this as one of our FD Golden Rules that if the bank needs check clearance or not
before place FD there.. very dangerous..

No, not really. I am still interested in placing FD with BR if they have a good rate, but will not
as aggressive to place FD there as before.

Oh.. you can get 4.1% for 12 months from BR? That is an extra of 0.2% from BR board rate.

But I do not understand why didn't you put in BR instead of HL Islamic since BR can give you
better return..?

You are doing it right if your concern is to diversify, ..
In my opinion, 1 year time will pass very fast lah, unless if we are talking about more than 2 years tenure..

For me, to place 1 year FD, I will go for the best rate.

And don't forget, BR (as well as MBSB) is concerned about the long term customer/business relationship..

This post has been edited by BoomChaCha: Oct 11 2014, 05:52 PM

Next time can try to do Rentas or bring cash but high risk...
If use Rentas maybe will lose 1 day interest, it is better than to lose 2 days interest


I can remember you said no nego, but I forgot you mentioned 4.1% for 12 months.

So, this BR FD rates table (Effective 30 September 2014) is not updated..?
www.bankrakyat.com.my/term-deposit-account-i

Okay.. very steady..

To wait for an hour to open a FD account is a bit long, but not too long lah..

To open SCB JustOne CASA do not cost you any money, you can leave zero balance in CASA, so this is not a big deal..

Captain, go to the banks to place FD after 3.00pm is too risky lah..
All checks deposit in after 4.00pm will make the FD effective date delay for one day, so this
will lose one day interest.

I would say the best time to go is first thing in the morning to make sure can get the FD cert
on the same day..

Thanks Captain...


Ya loh, bring cash is too risky especially in Bolehland..
Yes, sometimes cannot get win-win situation..

BR just updated their website on 30 September, now they needs to update again..
I think the same way, just put some money in BR so that the relationship will not be disconnected..

Ah Goat Ah Sir... this time you are in deep trouble lo.. Ah Flo now is the Moderator. .
Last time you tried to "kacau" her wor.... now how..? Better don't play play this time.. Ha Ha..

We BIG welcome Ah Flo munkeyflo to be our Moderator and Congratulations to Ah Flo.....

Ah Flo is right.
If either one to sign, then your father does not need to go to SCB.

You can call SCB Hotline to verify: 1 300 888 888

Sorry.. Mistake..

This post has been edited by BoomChaCha: Oct 13 2014, 11:53 PM

Do you know what is the minimum deposit requirement for May Bank 4% upfront interest promo?

I think at least BSN does, because they advertise their FD promo 3.95% in this thread, you did not notice..?

The advert (web banner) will rotate automatically on website.
If BSN pays more money, then Lowyat can make the web banner to rotate more..

Wah..Abang giko, as we can see, rich men will get richer and richer when they can
use big amount of money to roll money non-stop...

If no money how to play this kind of game..?? Ai.. This is a realistic world..

Hello Uncle Magic, you don't fool kinabalu lah...
Penalty will apply and will deduct money from principal..