thanks....last sentence cleared it up. thks

Hello aeiou228, you may refer to the announcement as made by Public Bank to depositors who have participated the promo prior to 27 October 2014
Apparently, they will enjoy 4.28% for the next 6 months instead of 4.08%

This post has been edited by FDInvestor: Oct 27 2014, 02:16 PM


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Minimum is RM20k..


Nevermind, stick to my mind, deposit to UOB tomorrow..

Wow! Trust Public Bank to be so generous. They deserve my salute this time

And FDInvestor, thank you so much for the info

This post has been edited by Gen-X: Oct 27 2014, 02:42 PM

Thanks for the info. I placed FD in PBB just 26 days ago for the promo with eff rate of 3.88%. Was feeling bad when I saw the promo this morning. At least the later 6 mths still get the 4.28%.

Ya, PBB really generous. They are now really going all out to get deposits. Before the recent promo, their promo has not been good and I have stayed away from them for quite a few years.

Our friendly Good Guy Magician is lucky. This promo is slightly better than UOB's 12 mth 4.05% (eff rate 4.055%). So his bullets will have its full firing power. Even BR has increased the rate to 4.1% when his FD is maturing there. While I have been withdrawing from BR for last few months. Ha ha ha. But for new maturing one, will still keep some in BR for the 4.1% rate and monthly interest.

This post has been edited by bbgoat: Oct 27 2014, 03:34 PM

Hi, anyone else having this same OCBC FD?

Let the war begin - maybe we can match Indonesia's 8-11% FD rates...

"The average interest rates in August for rupiah deposits stood at 8.67 percent...

Some big banks were offering VIP clients around 11 percent, far above the 7.75 percent level insured by the Indonesia Deposit Insurance Corporation..."

SOURCE = http://www.reuters.com/article/2014/09/30/...N0RV2XI20140930

Can PBB accept FD placement from $$ IBG from other banks to PBB saving account within 3 days(same as OCBC) for fresh fund?

The FD account holder name, usually own name. If you are placing an FD for your mum, then it is your mum name

Hello gen-X,

Has downward revision of FD promotional interest rates happened in the past ?

Is that possible we may get lower rates than the advertised promo rates if there is any changes in OPR ?


This post has been edited by FDInvestor: Oct 27 2014, 04:25 PM

Interesting to note 3 days cut off to define fresh fund. Any other bank practice this?

My personal experience was with HL bank, I bank in money into HL saving account in banch A but I wanted to place the FD in HL branch B. HL bank A counter staff said she has to call Branch B about the money then only consider as fresh fund.

Banks should be encouraged to accept IBG as fresh fund more since next year there would be charges for FD placement using cheque...

There is another advantage of 6 + 6 months rollover as 1 year FD (compared to straight 1 year FD), ie. you can withdraw when the 6 months maturity due, and decided not to rollover (if there is better rate after 6 months time), get the 3.83%, then withdraw, and opt to use the fund for other FD or other purpose.

While in 1 year straight FD, you need to wait until maturity to withdraw and get the interest.

Sir Ah Goat, anything less than 4.1%, wont interest me so most probably will maintain at old place.

Must be getting old, just issued a cheque which from an old redundant cheque book last Thursday. Bank called and frankly I was like ah...ah.. Wonder whether considered as bounced cheque?

For min 10k FD, UOB rate is pretty good already !

Not sure, have been using cheque for FD placement.

Good point. The earlier PBB step-up FD starts at 3.68% vs now 3.83%. So feeling "down" with the new promo.

But this PBB FD is similar like the RHB step up, the good point is can terminate once reach every 3 mth (for RHB). Though for PBB I have not checked the terms if can terminate at the 6 mth point. Likely can. (Edit: Yes, checked the T &C, the PBB FD can terminate after 6 mths)

Yes, I think BR 4.1% is attractive with the monthly interest.

I think this is diff from bounced cheque, anyway the bank should be able to enlighten you.

Time flies, eh .........................

This post has been edited by bbgoat: Oct 27 2014, 06:00 PM

Good find Bro PBB really go all out to fight for deposit.

But must bear in mind that this special entitlement for the higher rate is only available thru special ac-hoc announcement as a result of stiff competition in the market. Also, PBB can only announce entitlement for higher interest rate and not the other way round otherwise no point making the announcement. Therefore this special entitlement for higher rate on next roll-over is discretionary and very different from "Rate subject to OPR changes"

Bro, I have yet to read anyone reporting that they ended up getting a lower interest rate that that advertised for Step Up FD.

You must have been a really good boy recently, so much so that God rewarded you extra interest without BNM even revising the OPR

This post has been edited by Gen-X: Oct 27 2014, 06:52 PM

Have been on vegetarian recently, see, no talks of lenglui (oops)

Hopefully the coming BNM meeting, OPR increase and further increase of FD rate !

Bear in mind that if OPR increases, borrowing cost also increases. Unless you don't have any loan on hand or not planning for any loan in the nearest future.

Have mentioned several times that with OPR increase, there will be people who are happy and there will be people who are sad.