Just discovered RHB allows to withdraw FD in all branches nationwide.

But do not understand why sometimes when withdraw FD, bank will ask where am I going to bring the money to?
Is it a Bank Negara requirement?

Oh..? Why 1 win and 1 lose..? Quite funny..
Actually no lose lah..but just make less interest only..

Have you thought about your back-up FD plan if in case cannot get the SCB 4.25% tomorrow?
I mean if the quota is full before we reach SCB?

I think it is better to call SCB RM first for "reservation" before we go, so that we do not need
to go there for nothing..

I am thinking maybe my back-up option is Am Bank 3.85% for 5 months, what do you think?

They are not only asking, but also write down what I say on a paper..
But most of the time I will lie to them by saying that I want to buy a car for down payment..

This is quite nonsense to ask "what is the purpose of withdrawing the FD"..?

Thanks so much for the tips as well as the Affin Bank Islamic future FD promo..
Next time I will try to ask Affin if I can use existing fund to place FD, of course in order to protect
your privacy, your name will not be mentioned..

Wah..steady..

Yes, sometimes I say the same like what you say..

But I am curious why banks want to ask this question?
I think this is for banks' marketing survey..?

This post has been edited by BoomChaCha: Sep 18 2014, 09:13 PM

Aiya.. Warrior, my FD amount was very small ..

Yes, sure will do it..

When I placed my 15 months FD with SCB this afternoon, the SCB staff who helped me to place my
FD said that the next OPR shall raise before the implementation of GST next year.
If OPR raise after the implementation of GST, this will make the economy worst.

I expect MBSB 5 years FD rate should increase..just hang on and relax first..

Let's see next Bank Negara meeting in September..

This post has been edited by BoomChaCha: Sep 19 2014, 10:28 PM

I opened a just one saving account without deposit any money, and without a saving book..

The SCB staff said, to open a Justone saving account & current account (no charge if not request for
a check book which cost RM 7.50) was the only option to bundle with this FD promo.

According to him, I will receive SMS about this Justone saving account, but so far I have not received any
SMS. I only received one email about the introduction of SCB eStatement...

Now I do not even know my SCB Justone account number..?
Do you have your Justone account number?

The same to OCBC staff, this SCB leng chai staff was selling extremely hard to his 3 years Corporate Bond which he
claimed that could yield 5.3% p.a. return..

He was very energetic to explain everything about the corporate bond and he could talk about it non-stop for almost
2 hours.. , but when I asked him about Justone saving account, he became no mood..

And about the FD interest, he said interest would pay upon maturity. But I am not sure this is a right answer or not..?

In overall, his service was excellent to explain about his corporate bond; but he was not serious to explain about FD
and saving account. I rated him 5 out of 10.

Leng chai staff said according to research, GST and OPR raise cannot be implemented
at the same time.

If these 2 come together, this combination can create a double negative impact to economy..

This post has been edited by BoomChaCha: Sep 20 2014, 12:09 AM

Ya loh..And we got a same FD maturity date which is Saturday - 19 Dec 2015..
Don't know if SCB gives interest or not for Saturday and Sunday?

Yes, I got a debit card, at first I did not want it, but leng chai staff said it came standard with the whole FD
promo package and I had to take it.

He said as long as I maintain my FD account, this card is free and no annual fee.
Gee..now don't know if he lied to uncle or not..?
Nowadays young men like to bully and cheat old men..


No, I did not receive this reference card.
I received FD certs only.


Ya loh, let's see if receive any email on Monday..


This leng chai did not make any difference from car salesman.


On the FD cert, it stated like this about Payment of Interest:
ii) Deposits exceeding 12 months - six monthly with the final payment on maturity date.
Deposit lebih daripada 12 bulan - 6 bulan sekali dengan bayaran akhir pada hari kematangan..

So, I think the paid interest for the first 6 months will deposit to Justone saving account...?

Oh.. leng chai did not tell me about this..
I think your leng lui provided a better service than my leng chai..

This post has been edited by BoomChaCha: Sep 21 2014, 05:40 AM

This is true, Warrior. But provided no spending for the past 2 decades...


Oh.. yes, it is November..

Warrior, I do not know...
If I can meet the SCB leng chai again, I will ask him but unfortunately I do not think I will see him again...

But you can imagine what will happen if raise OPR after the GST in bolehland..
I heard petrol will apply GST..

Let's see what will announce for next year budget on 10th of next month...

I think the principle + interest will deposit to JustOne saving account once the FD is matured, similar to what
RHB did.


Oh..I will double check..


A very bad service from leng chai..


Ha...?
What do you mean by "The first 6 months should go to the SA"...?? You mean the first 6 months interest..?

Auto-renewed..? What do you mean?
I notice my FD cert is printed "1" under Renewal Instruction, what do you have?

Good Luck...

This post has been edited by BoomChaCha: Sep 21 2014, 01:48 PM

I heard somebody said in another forum that GST on petrol is confirmed few days ago..
But let's find out on 10 October

This post has been edited by BoomChaCha: Sep 21 2014, 01:58 PM

Usually I will not let my FD auto renew to board rate unless I am very busy and no time to do it..

UOB FD Promo Flyer

Ah Goat, I think in a different way.
If you let your FD auto renew to board rate for a year, this means that you will get zero interest if
you withdraw your FD in less than 3 months time. I do not think you want board rate?

I just withdrew my FD from RHB and put it in SCB.
What RHB did was, all my matured FD fund and interest were deposited into my RHB saving account.
So, lets say if I am busy for 2 days and no time to go to withdraw or renew my FD, at least I still have
2 days interest in my RHB saving account, and I can continue to place another FD in a sooner time.

But I am not sure if I am answering to your question or not..?


This is a hard decision to make..
If can make sure OPR will increase again before the GST, then I think it is better to take Am Bank 3.85% for 5 months..
But what if nothing will happen leh..

michaelho said: valid until 15 October

As you wish, SCB has extended the FD promo until 31 October 2014:
This time SCB want to hit RM 500 Million target..

https://www.sc.com/my/campaign/special-rate-td/

This is what I heard from another forum, but we will find out the truth next month..

Agree..buy something first before GST, like upgrade PC, change to a new TV, eat in restaurants...etc..
But by right can save money if use GST: minus 10% sales tax then add 6% GST= consumers can save 4%..?
Quite confusing..

This is quite true also..

You guys are welcome..but this time need to "lock" for 18 months wor..

Today I am very frustrated with SCB.

I needed to call Leng Chai staff twice and waited until afternoon then only received
the temporary ID from his sms, this temporary ID is for logging-in internet banking.

In this morning, SCB did not sms me the temporary password, but they sms me somebody
else One Time Activation Code (OTAC) instead...

So I had to call to SCB Call Center to request for another temporary password.
My SCB internet banking is finally registered successfully in the evening...


While asked for the temporary ID, I also asked Leng Chai staff about the Renewal Instruction issue:

Me: How soon can we receive the FD interest?

Leng Chai: Upon maturity

Me: Can you tell me what does "1" mean under Renewal Instruction on the FD cert..?

Leng Chai: Oh.. that one is to add interest to the principle.

Me: Then how about 2?

Leng Chai: Ha..? What 2..? 1 is a standard setting in this FD package..

Me: But my friend got a 2 under Renewal Instruction on his FD cert wor....

Leng Chai: Oh..Ya ka..? Hold on please, let me check... Oh..Okay, I see it here, 2 means to deposit interest into saving account.

Me: Can I change it to 2 for my FD..?

Leng Chai: Cannot lah... system has been set, cannot change

Me: Ok, Thank you. Bye..

Leng Chai: Hello..hello..Mr. Boom, how about the corporate bond? Have you gone thru the info sheet?

Me:

Now let's take a look at the Payment of FD Interest from SCB:


ii) Deposits exceeding 12 months - six monthly with the final payment on maturity day.
Deposit lebih daripada 12 bulan - 6 bulan sekali dengan bayan akhir pada hari kematangan.
---> does it mean that interest will pay every 6 months?

If (ii) is a standard policy for 15 months FD, why there is an option to select "1" or "2" under Renewal Instruction on
the FD cert?

This post has been edited by BoomChaCha: Sep 23 2014, 02:10 AM

My pleasure..Young man..

Okay.. Thank you

If you are talking about leng lui and leng chai, OCBC is absolutely NO 1...
Public bank maybe NO 2 lah..
UOB maybe No 3
Am Bank & RHB maybe are the worst..

The intention of SCB's 18 months FD is quite obvious...

This post has been edited by BoomChaCha: Sep 23 2014, 02:55 AM

No idea what to say about GST.. Warrior..

Everytime when I go to OCBC, I always have the feeling that I wish I was 25 years old..
Why I have feeling like this leh..?


You received OTAC also..?
What is the usage of this OTAC for us to log-in internet banking..?
I think SCB sent this OTAC mistakenly, they were supposed to sms temporary password to us instead..


He is similar to OCBC RM


Yesterday I called SCB leng chai again, but he still said that interest would only pay upon maturity, then I asked him to read
the terms written on the FD cert, then he said he would call me back. But I do not think he will call me back unless
if I buy corporate bond from him...

This depends on what renewal instruction (number) we request when we place the FD.
I just found out the Renewal Instructions At Maturity (number) on the back side of the FD cert:


Mine is 1, this means my principal + interest will roll over to board rate upon maturity.
--> So when I withdraw on Monday, 21 Dec 2015, I will not earn any interest at all for 2 days -- Saturday 19th Dec and
Sunday 20th Dec.

Yours is 2, this means your principal will roll over to board rate upon maturity, but your interest will deposit
into JustOne saving account upon FD maturity.

Assume if you withdraw FD on Monday which is 21 Dec 2015.
You will earn 2 days (19th and 20th of Dec 2015) interest from paid FD interest in your JustOne saving account.
But you (and me) will lose 2 days principal (FD) interest on 19th and 20th of Dec 2015.

Now for the FDs that we have placed on 19 Sept 2014, the best solution for us is to select 3 which is credit principal
and interest to our Just One Saving accounts so that our principal + interest can earn 2 days interest on 19 & 20 of Dec 2015.

On the back of the FD cert, it also stated like this:
Any changes to the above instructions must be made before the maturity date of the deposit.

If you are placing your FD with SCB for 18 months today, your FD maturity date is Thursday, 24 March 2016.
So your new FD does not have any issue since 24 March 2016 is a bank working day.
http://www.timeanddate.com/calendar/?year=2016&country=69

I am thinking to request to change my Renewal Instruction from 1 to 3..but do not know if SCB will cancel my FD cert and issue a new FD cert with a new effective date, then I will lose few days interest, in this case it is not worth changing it..

This post has been edited by BoomChaCha: Sep 24 2014, 03:19 AM

Wah.. how do you know SCB hit RM 120 Million?
Are you from SCB..?
Can I change my Renewal Instruction from 1 to 3 without affecting my original FD effective date?

Bro, we want to say Thank You So Much for informing us this SCB FD promo..

Ha ha.... very funny.. Did the Pridential Agent notice you and chase you..?
You already placed your 18 Months FD with SCB..?
Did you get any gift?
For me, I did not get anything..

Did the leng lui tell you that interest would credit to saving account?

Aiyo...Damansara Uptown branch manager is really "gao lat", brain wash investment products first then
only can go to place FD..?? Really funny and beh tahan....

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...