In BR to uplift FD. The girl was trying to persuade me not to withdraw. But told them their rate not attractive anymore. Cannot get cheque and no RENTAS (for individual).

The girl said HQ still reviewing their rate and will call me once the new rate implemented.

Moving to SCB tomorrow.

This post has been edited by bbgoat: Sep 24 2014, 07:15 PM

SCB Leng Chai returned to my call this afternoon, he said if matured FD auto-renew (roll-over to board rate) on
Saturday, and if withdraw on the following Monday, then no interest for Saturday and Sunday.

But I am not sure what he said was true or not.
Because he is a RM, apparently he does not know much about FD products.

I know OCBC will pay interest for Saturday and Sunday. But I doubt about UOB...

Is there an open option ? Depositor will decide upon maturity ? Will they pay interest on non banking day under this option?

Uncle young at heart loh ....................

The OTAC is to be used with temp user name to log into the internet acct. Once log in, you will be asked to change user name and password. You did not encounter this ?

I normally do not check the due date of the FD placed if it is on Sat/Sun or public holiday. You are good !

Did you ask to change Renewal instruction ?

This post has been edited by bbgoat: Sep 24 2014, 08:29 PM

Yes, SCB depositors can select one of the options for FD upon maturity as below:


I am not sure..
Because the SCB staff who helped me to place my FD was RM...
RM usually do not know much about FD...

What do you mean..?


I tried to use the OTAC as temporary password to log-in SCB internet banking, but it did not work.
So consequently, I had to call to SCB Call Centre to request for another temporary password, then it worked..

Ai...What I am good leh? Don't say like this lah...
This is only one of the FD Golden Rules..

SCB Leng Chai said this can be done and without affecting the original FD effective date.
Now, I try to to figure out which is the best option from Renewal Instruction...

Unfortunately SCB does not have many branches, unless you are willing to go to another branch which is
far away from your place.
Ha ha.. I know how you feel, it is kind of torture and embarrass when you see her every time..

Did you get 1 under Renewal Instruction on your FD cert?

SCB did not do the background check about US citizen issue to me; but AM Bank did that to me about 3 weeks
ago.

Did SCB make photostat of your IC when you placed your FD?

SCB and Am Bank made photostat of my IC when I placed my FD with them..
Quite worry bad people will steal my copy of IC to borrow money... We have seen many news like
this on the newspaper..

If wait for BR to revise the rates, we all will die in hunger...

Aiya, "Uncle young at heart" typo error. Or Uncle gatai gatai.

They worried if a lot people withdraw, then how to give "Interest free" loans to u know I know

Okay..Ah Goat..

Tomorrow you will go to place your FD with SCB again, right?
Since we have the same maturity date which falls on Saturday, 19th December 2015.

Can you ask SCB which is the best option and solution to maximize our return if we are
going to withdraw FD on the following Monday which is 21 Dec 2015?

Ah Boom giving assignment.

OK, provided I don't forget. I think your earlier suggestion of putting everything back to SA is still the best way if they are NOT giving FD interest on Sat/Sun.

Aiyo..Ah goat..please don't say I am giving you assignment lah...
Now I think you are the best person can get this job done since you got a leng lui to help you...
My Leng Chai asked me to make my own decision wor..

Hello.. you cannot forget lah please..this is very important to us ma..

If putting principal + paid interest to saving, that is 3 from Renewal Instruction..
But I am not sure if SCB pays interest or not for Saturday and Sunday if withdraw on the following Monday?
If SCB pays FD interest for Saturday and Sunday, then 3 is not a good option.

This post has been edited by BoomChaCha: Sep 24 2014, 08:57 PM

Yes Sir ! Understood !

Okay.. I am waiting for your good news..
Also, we need to figure out the interest rate from JustOne saving account

Thank you so much..

That is simpler. Please see the website. Need to deposit regularly or some requirement to enjoy the special interest rate there. Does not work for me.

Okay..
The bottom line is to get the best solution to maximize our profits, cannot lose even one single cent...

Just an update on post #2, there's no 3-month 3.65% promotion in Affin, the staff only showed 3.3% board rate..
The BSN 1-year 3.95% offer has a 15% CASA requirement

Bro, Thank you so much for your info.

Below Affin Islamic Bank's FD promo was reported by sylille.
Since sylille mentioned "not publicised", and furthermore it is an Islamic product, so this promo will
not be shown in conventional Affin website. Therefore, I think it it better to leave it on post #2 for
temporary.

Affin Islamic offering special FD rates (not publicised) until further notice (no cut-off date).- (New added by sylille)
1 mth - 3.42% p.a
3 mths - 3.65% p.a.

------------------------------------------------

About The BSN 1-year 3.95% offer has a 15% CASA requirement, it has been updated on Post #2.

Thank you so much for your update and contribution...

This post has been edited by BoomChaCha: Sep 24 2014, 10:20 PM

any reason why it's not publicised

Please check out Post #244 and Post #260 on Page 13:
https://forum.lowyat.net/topic/3341150/+240