I think Renewal Instruction 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, but it is better than nothing.

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

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...

Even weirder is..i crossed the photocopy with pen and wrote it is for fd account opening only but the lenglui went to photocopy a fresh one and chop..didn't use my handwritten one. This happened when i applied for a credit card from scb previously too. The agent even laughed when he saw me wrote so many things.

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

Oh.. Like this ah..
No wonder SCB did not hit target in the first round of FD promo... 

Now back to your diversify strategy.. logically speaking you are absolutely right...

But for me, I hate to go to many different banks for many times, usually when I see
a right target, I will shoot all my available bullets to the target gao gao lat...

I am not worried about SCB will go bankrupt in next 15 months
By the way, every time when I see SCB, I remember the Donald Duck coin container during my childhood..

4.25% (15 months) vs 3.95% (12 months), the different is 0.3%, this is quite a big difference..

In addition, BSN does not have PIDM

But in overall, you are doing the right thing..

Oh..Really..?
Wind blows from where? 

SCB's last day promo for 4.25% is 31 October
https://www.sc.com/my/campaign/special-rate-td/

Promo for 4% bonus priority saving account is tomorrow.

It depends on the staff, some can do it slow and some can do it fast.
Mine was done in about 30 mins.

No lah..   I am just trying to get more info so I can put it on Post #2...

It seems so many people go to SCB to place FDs..
Did you get any gift from SCB? 
I did not get anything..

OK, from my close relative. I was surprised as UOB has been raising their FD rates. But this is reliable info. Anyway will be in UOB on Wed or Thursday to place FD. 

(2) To deposit RM 10K fresh fund to priority current account so that I can participate Bonus Saving account 4% p.a.
    promotion for 6 months tenure.

This time I did not bother leng chai.

SCB will credit interest to priority saving account based on the total amount in priority current account:
2 options to participate and enjoy this 4% p.a. for 6 months.

Option 1
Deposit one time minimum and maintain RM 20K in priority current account for 6 months.

You can add more money to your current account on any calendar day within 6 month if you wish.

If you do not want to add additional money to priority current account also can but provided you
have to maintain minimum RM 20K in priority current account.

4% interest based the amount in priority current account will credit to your priority saving account monthly.

Option 2
Deposit minimum RM 10K every month for 6 months to priority current account.
You can add more money on any calendar day within 6 months if you wish.

I use this SCB current account to replace my Affin saving for temporary.
Tomorrow I will move all my Affin saving fund to SCB priority current account.

Aiya,  ..  Ah Goat, I already reminded you yesterday on my Post #463
You did not read meh..? Aiyo.. 

Just received a PM from Top Cat RO Player about May Bank 4% up-front interest FD Promo:

[attachmentid=4153628]

Top Cat received this gift from May Bank:
[attachmentid=4153619]

Thanks Top Cat RO Player 

RHB step-up FD promo ends today. The BM told me the HQ will decide if they will extend again. He will confirm with me tomorrow.

Okay...Thanks for the update 

Just placed FD in SCB again.
Fortunately, this time no sales talk but I was told that for option 3, I will only get the interest upon maturiy after 18 months & together with the principal will go into the savings account unlike previously they said I will get interest every 6 months even with option 3.

Is there any link for details?

ah... those hoping for OPR increases umm..... basically have funds available many times more than loans...

 

old goat n uncle bcc