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...

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?

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

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..

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

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

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

Let's see how long MBSB & BR can tahan not to revise the rates, especially BR.. Ha ha..

Aiyo..!! Please don't call me Ah Sir lah.. Very funny... Ha..Ha..


My SCB Leng Chai also said the same thing..
It seems Leng Chai also got some FD knowledge, I think cannot under estimate him..


So all of us should get 3 for 15 months and 18 months promotion.
What do you mean by "But the leng lui still repeat HQ instruction."..??


So, 3 is only available for 15 months and 18 months.
I am going to change to 3 next week.

Did you change your 2 (15 months) to 3?
For your 18 months which you placed yesterday, I assume you got 3, right?


This is fantastic.
Actually this term is written on the FD cert, but my Leng Chai keeps insisting to me for few times that FD interest
will pay upon maturity.
Ai.. I do not want to argue with him anymore lah. He will fell embarrass when he find out the truth later.

Thank You.. Thank You A great report & a nice job...

Conclusion: Select 3 is the best solution for SCB FD maturity day falls in 19 December 2015 (Saturday)..

Ok..

So the standard Renewal Instruction for 15 months is 2.
Whereas the standard Renewal Instruction for 12 months or less is 1.

But Leng Chai put my Renewal Instruction as 1 even my tenure is 15 months...

Yes, Leng Chai said can change Renewal Instruction , but I did not say I wanted to change to 3.
I will call him next week to find out. I think should be no problem.

On the back of the FD cert, on the last part of Renewal Instruction At Maturity, we can see a clause like this:
Any changes to above instructions must be made before the maturity date.

Yes, you can open a JustOne saving account as joint name account, no problem.

I think Renewal Instruction 3 is the best option.
In case if we cannot make it on time to withdraw the FD on the maturity date, at least we can
get some interest in the saving account, perhaps not too much of interest in saving account, but
it is better than nothing.

Since yours is option 3, then I think I should not have any problems to change from option 1 to option 3.

Your Leng Lui did a good job to get you option 3, this saves your time and energy to go back to SCB to change to 3,
and also you can skip to see the Prudential insurance agent again.. Ha ha..

SCB did the same to me. I saw they stamped on the center part of my IC photostat copy.

Am Bank is worst, they stamped on the very edge side of my IC photostat copy.
I feel that if they want to play a trick on me, they can simply use liquid paper to cover the chopped mark on the edge
of my IC photostat copy, and then make another photostat copy that without showing chopped mark.

I requested Am Bank to stamp on the center part of my IC photostat copy, but they refused.
They said it had to be chopped on the edge side of the IC photostat copy..
I feel that it is very unsecured to me...


Oh, you should have asked the Leng Lui to chop on the center part of your IC copy...

I have been wondering all my days how do con-men steal people IC copy to borrow money from banks?
Last time I asked UOB about this question, they said most of the times con-men use other people IC copy
to borrow money from Ah Long; bank procedures are more straight, not easy for con-men to do like this.

I feel sacred when every time my IC needs to be photostat even with a chop on it.

I think the best way is to renew IC every year.. Will our IC department allow us to do like this or not..?

This is true, we cannot see what they are doing with our IC inside their photostat room..

I have one idea, we can spend some money to photostat our IC in a stationery shop, and bring IC copies to the
banks and ask them to chop in front of us...
I saw one customer did that in RHB bank, I guess she was applying for something like credit card, but not FD...

This post has been edited by BoomChaCha: Sep 27 2014, 12:42 PM

Taiko, I cannot do this complicated thing lah..

According to SCB, usually they will put option 1 on FD; unless they receive special instruction from HQ for particular
FD promo.

I will let you know after I change to Renewal Instruction 3.

One more news about use stolen IC to borrow money case on the newspaper today...
This kind of stolen IC news is never ending, and I think this only can happen in Malaysia..

Ai.. now society changed already, years ago we did not have to look around first before we go in and go out from our cars...

The exact same case happened to me last time, but I forgot which bank


Option 3 is the best, unless if we want to roll-over to board rate.

Agree also..

This post has been edited by BoomChaCha: Sep 28 2014, 10:01 PM

Warrior, BR and MBSB are definitely losing their FD market shares to other major commercial banks lately.

I have a feeling that they will raise FD rates very soon, unless if they do not need anymore funds to
develop and expand their businesses.

I think this is impossible if they do not raise their FD rates when next OPR hike, you think they are very strong
like King Kong banks meh..?

Deleted..

This post has been edited by BoomChaCha: Oct 5 2014, 02:42 PM

Thanks for your update HLB FD info It has been added on Post#2
Do you know this HLB 13 months FD valid until when?

Ya loh.. Warrior, a bit surprise you are quite hampsap also... joking only...

(1)
You have to prepare a will, this will solve a lot of problems.

(2)
If still in the middle of preparing the will, then to get your FD joint name with another person (I think up to 4 names
in total) that you trust, and instruct the bank to put the FD account either one to sign.

If anything happens, don't make the condolence on the newspaper, then banks will not know the death
news and they will not freeze the accounts (FD, saving, current).

(3)
If no will, then go to Amanah Raya, they charge few % from the total value of the assets, but will cheaper than hire
a lawyer.

Another option is Pusaka (land office), they will charge cheaper than Amanah Raya, but you will need to spend
time to go back and forth for paper work.

The best solution is (1)

But for EPF, you have to put the beneficiary name, EPF claims that they do not honor will --> This is our Bolehland...

This post has been edited by BoomChaCha: Sep 29 2014, 06:40 PM

Ah Goat, when SCB offers 4.00% for 12 months, I do not think we need look at this BSN FD promo anymore...


So, this means sometimes top FD rates do not mean will capture the whole FD market share..
Just like SCB wanted to hit 300 Million, but end up only hit 120 million..

Ok Thanks