Bro, unlike you, I don't place FD with non-commercial banks, therefore, I receive the FD cert on the spot (or a piece of useless paper confirming the FD for Statement based accounts) and no need cheque to be cleared Having said this, bbgoat said that not the case for HLB Islamic, but then again Islamic products are not Fixed Deposit. For Deposit Deposit with commercial banks, no need cheque to be cleared if one place it during banking hours.

Bro, talking about FD effective date. HLB, OCBC and UOB can even back date for me FD placements (e.g. my FD mature but I was overseas and requested for new FD Promo rate or else I be stuck at Board Rates) as long as they have HQ approval.

Cannot bring cash after exceeding certain amt lah, riisky !

The only consolation is the extra 0.05% is more than the HL Bank's 3.85% (HL Islamic 3.9%) even if I lose the 2 day's interest. Getting monthly interest payout some more.

As usual, they will be slow in updating the website. The girl over the counter showed me a slip with the new rates. 12 mth 4.1%, 24 mth 4.2%, 5 yr 4.5%. I mentioned these in my earlier posts. They just changed it few days ago.

I think, like Uncle Magic, I will still keep some FD there as the 1 yr rate is attractive. But have tone down my numbers there already.

Anybody else except Captain !

This post has been edited by bbgoat: Oct 12 2014, 08:28 AM

The SCB 4.25% 18 mth promo is the best so far. I noted you have placed the 12 mth's 4%. The amt of time spent should not be a key issue to get more bang for the buck.

But SCB is crazy as every time we go there for FD, need to photostat ic again like opening new accounts ! Their process is slow even compared to BR (banker's cheque) and most other banks. Time taken longer !

UOB wise I have better experience. But also depends on the time I go there. Have encountered >1 hr in one instance but also another time 15 minutes to get FD cert. All depends on time of day, which day of the week etc.

This post has been edited by bbgoat: Oct 12 2014, 08:41 AM

For those familiar with SCB procedure or with experience:

Previously, I already opened a joint FD account with my dad. If I want to deposit a new joint FD account with my dad again, is my dad required to be present?

TQ

Depends if it's 2 to sign or either one I guess.

either one to sign

(wow you and kampung become mod already, grats!)

Then should be fine. I can't remember SCB since I don't place much FDs there but UOB and OCBC no issues.

Thanks

Thanks Captain...


Ya loh, bring cash is too risky especially in Bolehland..
Yes, sometimes cannot get win-win situation..

BR just updated their website on 30 September, now they needs to update again..
I think the same way, just put some money in BR so that the relationship will not be disconnected..

Ah Goat Ah Sir... this time you are in deep trouble lo.. Ah Flo now is the Moderator. .
Last time you tried to "kacau" her wor.... now how..? Better don't play play this time.. Ha Ha..

We BIG welcome Ah Flo munkeyflo to be our Moderator and Congratulations to Ah Flo.....

Ah Flo is right.
If either one to sign, then your father does not need to go to SCB.

You can call SCB Hotline to verify: 1 300 888 888

I was not aware munkeyflo is now Mod. Who kampung?

Congrats munkeyflo, I better be nice to you from now on so that I won't be nuked, hahaha

Yea, sometimes we have to pay a little bit or sacrifice a bit for convenience and safety when transferring the funds.

Thank you thank you Ah Cha Cha.

Haha. On probation only.

How can I ever nuke you captain. You're still the captain no matter what.

kampung is a nice chap in kopitiam thread.

nice to have you back...FD scene is very exciting nowadays

Oldgoat, i have heard people investment portfolio diversify, FD also got meh..

Taking cash to deposit FD, basically makes no sense unless small amount. 1 to 2 days lost of interest is better than losing the whole principal, not to mention the physical risk.

For joint fd with either to sign, OCBC and BR need only 1 person for additional placement.


This post has been edited by magika: Oct 12 2014, 02:31 PM

wah got mod watching full time, u all better take note when side track to leng lui lol

kampung is lyn transport minister

Ai ya, why you bring out the old history, susah lah ! Nanti kena nuke by Top Flo (nickname by you, by the way).

Sorry, Ms Ah Flo, let bygone be bygone.

Congratulation to Ah Flo !!

This post has been edited by bbgoat: Oct 12 2014, 03:36 PM

I think better to call SCB. Their procedure is diff. Every new FD still photostat ic. So at least you have to bring ic of the other party to SCB. But for the 4.25% 18 mth promo, better be fast. As I mentioned yesterday, that promo may be ending soon (or ended already).

Guys, another question. If my CIMB saving account is created at branch A, can i go to a different branch to withdraw from saving account and make banker's cheque?

A busy musical chair day for me tomorrow. Have FD maturing at Ambank (1 slip) and UOB (3 slips) and going to add new fund from CIMB. All with different joint account holders

If UOB allows top-up, then will just take the 4.05% 12m offer and skip SCB altogether.

Uncle Magic, I said "strategy of spreading out risk among various banks". This is diff from the investment portfolio diversification/risk.

Wah! Bro Gen-X, I am full of envy for you for having such a privilege.
Life is wonderful to be rich like you
Welcome back frequent flyer!
*BTW, thank you for guiding us with your most up-to-date and comprehensive FD blog.

Congrats munkeyflo