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

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

Well, if you are a follower of my Facebook Page, you would have been notified of the HLB Junior FD Revision I posted there on 16 Oct 2014, and would have asked the bank staff to check on 17th October. I also did update the HLB Promo in Post#1 on 16th October. Next time before you go place any FD, check out Post#1 and ALSO BoomChaCha's Post#2 to see latest FD Promos reported here AND check my Fixed Deposit Page to see any discrepancies and sometimes I would include other FD Promos not mentioned here.

And the image posted in Post#1 was edited (photoshopped) by me on 16 Oct showing 4.15% before HLB even revised their image in their website.

Anyway. go to the HLB branch and ask to talk to the Service Manager (he should be behind the tellers and full time at the branch except going out for lunch) and print out the T&C okuribito gave the link where it clearly states 4.15% is Effective 16 October 2014. He can reissue you a new cert/statement backdated to the 17th October 2014. Imperattive you do it quick so that they can update system and hopefully the interest calculated is based on 4.15% before it is credited into your Junior Savings Account end of this month.


Congratulations!!! You are now officially a member of the Musical Chair FD Gamer Club

This post has been edited by Gen-X: Oct 28 2014, 07:49 PM

You can perform GIRO over the counter too and same time schedule as per online applies.

For online transfers, only RM10K.

haha, click here to FD Tread V3 and see post#3.

Haven't been updating the member list for a long time.

Basically the members who contribute valuable information here can be classified into 2 categories:

1. FDMCGC - Fixed Deposit Musical Chair Gamers Club - go see the member list and you will note some familiar names who have been contributing to this thread for years, e.g. gchowyh, aeiou228, MGM, gsc, BoomChaCha, Kaka23, nomen, sylille, bearbear, David83, magika, AVFAN, bbgoat, Human Nature etc.

As for BoomChaCha's hard work - he shall be rewarded/elevated to Deputy President/COO of this thread (Admiral of this Thread), only below Cherroy (Honorary Advisor), MilesAndMore (President) and our newly appointed MOD the darling and ever helpful munkeyflo (newly appointed Advisor).

I must go update the list.

So basically, Fixed Deposit Musical Chair Gamers Club members are FD Promotions Chasers where it is like playing musical chair, Our funds will go round and round (bank to bank) and when the music stops (FD maturing or new funds to deposit), we try to grab a seat (FD Promotion) before someone else (quota finished/promotion habis).

2. FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread.

This post has been edited by Gen-X: Oct 29 2014, 09:46 AM

I missed above the above post earlier.

Over the Counter charges varies but it is about RM2 per transactions. As to your question - "If you don't have Savings Account (or Current Account) can perform GIRO" - I don't know. And yes you can transfer RMXXX,XXX.00 and if not mistaken someone mentioned before more than this via GIRO over the counter. We have in the passed talke about GIRO and RENTAS.

Once again, click here to my article A Little Bit Of This and A Little Bit Of That Vol.1 Chapter IV and scroll down to sub section "InterBank GIRO or IBG Transfer via Over The Counter" to learn more about my experience with GIRO over the counter. See, that is why I published articles relating to credit cards and FD so that I can easily provide in depth info over and over again without me need do explain the same thing over and over again, hahaha.

This post has been edited by Gen-X: Oct 29 2014, 11:51 AM

The 6+9 does not look attractive considering we have PBB and UOB offeiring 4.05%

Yeah right Bro - General Clerk, haha.

I just updated the FDMCGC list and initiated new members. I had to read the last 66 pages (only 88% of the posts are worth reading) in order to identify those who have contributed valuable information related to FD in this thread. And boy did I come across many consecutive posts by the same person (please cut and paste like what I'm doing now for this post) - Admiral BoomChaCha excluded as his posts is to update others on latest FD news in real time. And I keep reading general comments about this and that from a guy who posts several times in a day! So please be considerate by not posting unnecessarily for the sake of post counts as it makes this thread very long and waste others people's time (e.g. wasting time loading pages). And I don't even want to start on those who ask questions not relating to FD.

Having said the above, I shall now waste your time with the below contents which are not relevant to any FD Promo but to show appreciation to those who have contributed to this thread and past threads.


FDMCGC - Fixed Deposit Musical Chair Gamers Club



FRMONBWFDP - Freaking Rich Members Or Not Bothered With FD Promotions but contributors to FD Thread




50k in FD and another 50k into current account

This post has been edited by Gen-X: Oct 29 2014, 05:39 PM

Why you ask a question that I have already answered? If you don't believe, go lah check yourself, i.e. google GIRO or Inter Bank Giro and you will get below answer:

According to Malaysian Electronic Clearing Corporation - if one perform before 12.30pm Inter Bank GIRO (IBG) online or over counter before 12.30pm, funds credited into account same day.

And if you had read sylille's post recently, she performed GIRO at Affin at 12.45pm, money also credited into her CIMB account same day(???).

The maximum amount is RM1 million per transaction subject to individual banks terms and conditions.

As for the RM50K, did any bank ask you? For my case, the last two week I have been using personal cheques for 3 different banks' FD Promo and nobody asked me anything about where my funds are from.

However, whenever I go deposit in Citibank Melbourne with Bank Draft, the teller always ask me the source of fund. Not only that, their Sydney office may follow up after few months later and ask the same thing, i.e. source of fund. Once the Sydney office personal called me on my Australia phone number while I was in Malaysia and I did not answer the phone (I was sleeping as there is a time difference) and their freeze my account (I couldn't perform any transactions online)!!! Later I checked my email account and notice an email from someone who was from Citibank (the guy who tried to contact me by phone), I had to email him to get him to call me back. Only after I told him source of my funds only he unfreeze my Citibank Account. And same thing happened to my wife But the funny thing is I performed a TT (very substantial amount) and nobody from Citibank called me to ask source of funds.

Upper limit for all banks in my reply above.

This post has been edited by Gen-X: Oct 29 2014, 09:54 PM

hahaha, above does not constitute a spam lah but actually very valuable (and reinforces) especially to those who are taken in by so call "high" interest but at the same time got to deposit X amount into CASA. And Bro, in the last 66 pages I read, I don't think you spammed once

If you see Post#1 or my Fixed Deposit Page, you will notice I hardly post any FD Promos with CASA requirement because usually there are better FD Promos out there. The only CASA requirement I do promote for FREE is OCBC 4.5% 3 months and I take the trouble to explain to my readers at my blog to pros and cons and highlight that the effective interest rate is dependent on the day one withdraws his/her money from the Smart Savers Savings Account.

This post has been edited by Gen-X: Oct 30 2014, 11:50 AM

If you go check HLB website or even Post#1, you will note that HLB current FD promotion (where one can win a house) will end 31 October 2014. So your mother is correct and you should listen and trust her, hahahaha. And so what if the promo ends tomorrow? HLB 3.95% not competitive. If it was me, I will be hoping that the cutrent HLB Promo had ended earlier so that they can introduce a new FD Promo giving interest rates that are comparable to Alliance, PBB, MBB and UOB.


Bro, above you mentioned there is a 2 days float, made me fast fast go recheck my MBB Cert start date. I used my personal cheque for the MBB Promos. I was relieved to note that the start date was on the day I went to the bank.... make myself worried for nothing, hahahaha. My new MBB RM gave me the certs on the spot without the cheques being cleared.

For those who missed my article click here to my article Get More FREE Money With Fixed Deposit Promotions, where I wrote about my experience with Maybank and posted the FREE gifts I received for signing up as a Premier Wealth Customer.

Like I said above, start day of cert same day making the FD placement with cheque and no need cheque to be cleared. And sylille also posted she got her cert same day like me. However some branch officer may hold the cert for two days to confirm that the cheque will be cleared.

Most banks nowadays practice above but I can tell you that Public Bank tried to cheat me. Two (or maybe 3, time flies) years back, got a PBB cert due on Saturday and Monday was a Public Holiday. So went to Public Bank on Tuesday and noted they was a penalty imposed. Told the teller that they should pay me interest until Monday and she refereed to the the officer who then said no such thing. Requested to speak to Bank Manager but he was not around so talked to the Service Manager. The Service Manager also refused to pay the extra 2 days interest, so I told her to call HQ and if they not willing to entertain my request, I shall make a complain to BNM. She made the call and I got my interest for the 2 extra days.

This post has been edited by Gen-X: Oct 30 2014, 10:35 PM

Deleted

This post has been edited by Gen-X: Oct 31 2014, 02:32 PM

And after the 3 months you want the hassle go close the Advance Account? FYI, HSBC do not offer FD Promo to existing customers unless you upgrade your status (e.g. to Premier) and get to enjoy another 3 months but after than no more FD Promo for you.

Alliance eFD super artificial intelligent system can read your mind and intend and knows it is not fresh fund, hahaha. Did you like add RM100 or exact same amount in and out. I am assuming you transferred the money online to MBB and then online back to Alliance.

This post has been edited by Gen-X: Oct 31 2014, 01:07 PM

Deleted my earlier post as No bombs, no detonation at Jalan Medan 1, say cops.

Really good PBB allow your matured FD money to be deposited for Promo. Can't you open a stand alone Savings Account yourself for the interest to be deposit into... I must go read the PBB's T&C. I know for Alliance Bank, I can credit the FD interest into any of the cert's named person individual savings account.

Bro, if not mistaken HSBC must maintain minimum amount in Advance Account at all times whereas MBB Aspire don't (I am assuming as Premier Wealth no penalty if AUM falls below requirement).

This post has been edited by Gen-X: Oct 31 2014, 02:40 PM

Thank for posting the definition, will update Post#1. And with this type of T&C, tough to recycle our funds, haha

Bro, for Alliance can lah because I recall doing placing a FD (joint with wifey where either one can sign and my name first) and had the interest credited into wifey's Hybrid Account (so that when she's back got money to go use her Premier Debit Card and earn 2% cash back).

No lah Bro, I forgot to mention that it was an existing Joint Account and my wife was overseas when I went and placed the FD. And I don't recall signing any doc interest to be credited into her account since it was the first time I instructed it that way (previously the account was interest to my Hybrid account). For me not a security reason as it makes no diff since the cert anyone can sign to withdraw/uplift the FD

haha, newcomer don't read Post#1 and too eager to share MACH FD.


Wah, you so lucky got leng lui go see you and chit chat with you over the phone. What was that you vegetarian no see leng luis.... hahaha

Next week meeting OPR going down

This post has been edited by Gen-X: Oct 31 2014, 06:38 PM

Unless one needs a 2 months FD Promo then the MBB 3.6% may be good else better go with UON 3 months 3.8%

All banks waiting for BNM announcement, I expect next week only new FD promos will be introduced, e.g. AmBank 3.85% ends on 6th November.

Bro, fantastic rates indeed. Actually too good to be true. I would appreciate if you could triple confirm with the RHB person that SMS you that there is no CASA requirement.

Updated above to Post#1 and also added BR new rates.

hahaha, reading this thread got side benefit also

Bro, sad to tell you we doing charity work to make other richer, hahahaha

Thank you. You are now officially a Committee Member of FDMCGC

Will update Post#1 with photo.

dagdag1 - can I use your image for my FD Page at my blog and will give you credit - "Posted by dagdag1 at LYN".

This post has been edited by Gen-X: Nov 7 2014, 09:23 PM

Bro, you have been a member since V3 lah - see post#3.. In V4 I still posted the list but when davinz18 started V5 he omitted it and I did not include it in V6.1 and when I started this thread; but only updated list and posted in here back in Oct 29. Below the list of FDMCGC where dagdag1 now appointed Committee Member.

FDMCGC - Fixed Deposit Musical Chair Gamers Club



This post has been edited by Gen-X: Nov 7 2014, 11:03 PM