Public Bank Step Up FD 3 months 3.70% + 3 months 3.80% + 3 months 3.90%. This is good way to managed current buffer fund for yearly expenses.

when does this end? with the 6+6 3.83%+4.28% step up, they told me that only the principal is rolled over into the 2nd 6mths. I guess it's the same for this 3+3+3?

Until 28 Feb 2015. Just saw in papers so do not know the details.

PB STEP UP FD

More info: Public Bank | T&Cs

So for current offer, would RHB 4.15% for 9 Months be the best offer ?

thanks for the info magika & cybpsych

i just called their 1-800 line & confirmed that interest is not rolled over - only principal. Interest will be credited to nominated SA or CA every 3mths for the 3+3+3 deal or every 6 mths for the 6+6 deal ... which also implies that we have to open at least a SA with them lah

Yes, long term affin 4.38% for 24 months

Hi Guys,

I am very confused with the amounts of FD to choose from. Can someone help to narrow down my choices. I plan to keep it for 2 years and i do have a savings account with Maybank. So what are my best options?

Is StanChart offer better than RHB Promp 4.15%?

For example, RM100k.

20% in Saving Account earning 4%Interest RM800
80% in Fixed Deposit earning 4.50% Interest RM3600

Total Interest: RM4400

Effective Interest Rate: 4.40%

SCB's requirement for priority banking is RM250k though.

Woweeeeee if SCB is giving 4% on savings account, I'll tell all the other banks to go fly kite with their FD promos & just dump evrything into SCB's savings account in a heartbeat

Update after trying to read SCB's t&c's:

haihhhh I think u need to be a Mensa member to be a customer of SCB. Their promo T&C is so damn difficult to read & full of traps imho...

For example, LM88 assumed 20% in savings account earning 4% ... what it actually says is:


Unless, they pay 4% on current account balances, your 20K earns zilch.

The 4% Savings account interest is another promo altogether... the Priority Banking Bonus Savings Welcome Offer 2 to be exact with its own set of bloody complicated T&C

LM88, sorry to burst your bubble.

hahaha SCB says "It’s good when your trusted partner (ie SCB lah) understands your needs" But the trouble is when my "trusted partner" creates deals with T&Cs that I cannot understand, then my "trusted partner" cannot be trusted, yes or not? LOL

This post has been edited by okuribito: Nov 25 2014, 12:14 AM

Nah, no worry, you won't burst any bubble, i just curious to find out if there's better deal in the market, as we all always do

LM88, hahaha when I see scb or hsbc, i always feel uneasy. I did remember the JustOne account being discussed last month so I searched. This was a comment made by our sifu GenX, not about JustOne, but about priority banking in general ...

"Banks to avoid getting PB status if one only has RM300K to recycle (playing FD Promotion musical chair) are HSBC and SCB because they will impose penalty fees once your AUM falls below the required minimum amount. "

Quoted from this post by GenX

It stuck to my sub-conscious & I guess that's why I made that comment about being given gula gula to choose between the devil & the deep blue sea

I have Std Chart saving account and it was inactive for a year. SC sends a letter that if it is still inactive, a maintenance fee will be charged. Other local banks wont charge if it is inactive for 7 years after which they will revert the money to central bank, if I am not mistaken. I claimed back my Bank Simpanan money after inactive for more than 7 years

guys. im new here.

just a little confused. why would people put fixed deposit in Singapore when the rates are around 1%+ compared to Malaysia's 3%+?

why dont they convert to MYR and put as fixed deposit here? am i missing something here?

thanks in advance guys.

Hey guys,

Looks like the RinggitPlus OCBC FD Promo is up again. It's ending in 2 days omg. 27th November 2014. Better apply fast people!

https://ringgitplus.com/en/fixed-deposit/OC...uper-Deals.html

They prefer SGD than MYR, in long term which currency between the two has better prospect?

Of course SGD. so it is just the currency issue right?

Another additional 200units of air steriliser?

Hahahaha, oh i see...no wonder no people respond to the SCB promo even it having 4.4% effective rate....