Should be can. I've done banker Cheque withdrawal from diff branch at hong Leong and ambank before.

Tq tq

Thanks for the information, captain.

Thanks for the information. Yes, I do agree with the troublesome of making copies of photostat ic as we already have our account there. Till now, I have the most pleasant experience in OCBC. Fast and good service. Hopefully i will feel the same next time when i put FD in UOB.

Hi guys

UOB BANK - NEW Straight Forward Pure FD

No Stupid CASA Requirements, No Step Up Rubbish and No need to have Savings or Cuurent Account!


3 Months - 3.8%

12 Months 4.05%

this is the best so far? valid till when? will OPR increase again?

Above is my quote right? How come you did not quote it?

Anyway, UOB is known to revise their rates without any prior warning. So, call UOB or just visit Post#1 and Post#2 when your funds are ready to be placed in FD.

Bro, firstly, I wanna thank you for letting me know you appreciate my "hard work" at my blog

Secondly, life has its up and down moments but for now I tend to agree it's wonderful. Most of you guys here are placing new FDs periodically. I, on the other hand, is withdrawing my FDs periodically and getting poorer by the day And if you had read my previous article, My Pride and Joy Who Also Makes Me Poorer By The Day, I have said that I will now be cashless sooner that I have expected.

As for the FDs being back dated, I learned this from an aunty many years ago. I was at UOB PB Centre and there was this aunty sitting if front of the teller for quite a long time not doing any transaction and kind of holding up the Q. So when it was my time to be served at another counter, I asked the teller what is with the aunty, and I was told that she was waiting for HQ to approve her appeal for her matured FD to be 1. given the promo rate and 2. back dated to the date it matured. So, from then onwards, I learned to be thick skin and request for stuff. However, it is not often that my request are approved but if my FD matured like for 2 or 3 days only plus I offer them some sweetener (e.g. I promise to place X amount or I have another FD due soon), then it is easier for it to get HQ approval. And it also depends on my relationship with my RM or Bank Manager because if they are not willing to call/email HQ, then there's no way it can be back dated.

As for UOB, since last month, I don't even need fresh fund, they are willing to give me whatever promo rate they are offering for my matured FD on the spot without needing HQ approval. Banks are now competing for our funds and I guess UOB is on aggressive mode as they are offering straight forward FD at 3.5% and 4.05% for 3 and 12 months respectively. Next time you go to the bank, ask the teller what is their current monthly target quota for deposits and you'll be shocked!

Frequent Flyer = probability of getting killed in air higher too, hahahaha.

And since you took the trouble to thank me and letting me know you appreciate my work, I have decided to include in my up coming article on how you may just find yourself richer (up to several thousands Ringgit) by placing a 3 month FD with a certain bank.

BR also allowed backdated on maturity date and nego rates. Once i had a deposit nego rate backdated 4 to 5 days, or it could be that the ABM is slow on informing me that my nego rates is approved.

Just wondering what sifus here make of the recent hike in FD rates especially for the longer term deposits. I always concede that the banks know more than me; that they are smarter, when I try to make my decisions haha...

1. 12 month FD rates seem to be hovering around the 4% mark now, this suggests that banks are expecting the OPR to be raised upwards in this time period. Next OPR meeting is 6 Nov 2014, there's been some rumours that it may be raised this round to "manage" growth better and avoid overheating of the economy; after all, we are still growing by around 5.5-6% annually, the highest of SEA nations

2. the world's major economies are preparing to raise their interest rates to curb excessive risk taking

3. in spite of (1) above, BNM governor maintains that we still need a loose monetary policy with low interest rates. I'm just wondering how much we are able to go it alone, especially when the world's major economies adjust their interest rates to manage their own economies better; after all, we are only a small fish in a very big pond

My thinking is that there will be a hike in OPR at the next meeting in less than a month's time, which would then result in another hike in FD rates (?). What do the sifus think? While I am very tempted by the 4% 12 month rates, the prospect of even higher rates before the end of the year is even more tempting!

A bird in the hand is worth 2 in the bush, or something like that.
As in stock investment, we are not supposed to time the market. A lot of stock market players has been sitting on the sidelines for a few years already waiting for the market to crash. It equates to lost opportunity.


This post has been edited by magika: Oct 13 2014, 10:01 AM

Even if there is a hike down the road, I don't think it will be more than 0.25% for the next 6 months or so.
With export data showing weakening, and business show sign of slowing down (may people out there do complain this in recent months), even the next hike may be put in doubt.

Also one of reason why banks are giving promo rate is because deposit grow slower than loan growth, hence banks need deposit to fund the loan given.
Just published in newspaper no long ago.
http://www.thestar.com.my/Business/Busines...longterm-funds/

The best is still 18 mth SCB 4.25%. But have to check the availability as they may have hit the target.

For 12 mth UOB is probably the best other than BR (non PIDM) 12 mth 4.1%.

Good for you !

But I heard that now BR no more nego rate after the increase last week.

3.8% for 3 months. Sounds good. Is there a minimum amount for placement that you know of?

Your blog is always a good read, for knowledge and for interest/pleasure. Ha ha, your son is now going for MD course in U.S. which will cost a bomb but probably will just dent you a little bit only ??

Looking forward to your update !

I have been voting for Nov increase in OPR. But recently the situation have changed. So there may not be any increase in Nov but early next year. Just a wild guess.

Hi to all sifus here, i just check with MBB, their 3.7% & 3.87% FD promo is still valid till End of Oct.

I can only check with them under the counter as they do not promote it openly. Min amount is 25k and tenure can set from 1 - 12 mths.

One thing that i ask they did not reply me back (or they are confuse) is they want fresh funds from the 3 banks in order to get the promo rate entitlement, but did not specified if i can use the fund bank into my existing account to get the rate.

Any sifu here can advise me on the fresh fund questions?

EDIT : the 3.7% FD is open to all bank, promo 9th Oct till 31st Oct (or quota reach, whichever come first)
the 3.87% FD is ONLY for the "3" banks, promo 1st Oct - 31st Dec

EDIT 2 : If any of sifu wants the info kindly PM me, MBB refuse to give me a hardcopy of the promo, say only for internal staff reference, they only allow me to snap a pic of it.

This post has been edited by kinabalu: Oct 13 2014, 02:37 PM

Sis, sorry left out in Post#1, as usual UOB minimum fresh fund RM10K only. Have included this info in Post#1/

Bro, yes my son obtained his Bachelors and Masters degrees from US but he's doing the M.D. in Australia. I guess I did not emphasize this but just mentioned about Australia Unis one by one are converting their MBBS program to MD. But, you are right, either US or Oz, both will cost me a bomb resulting in less and less money in FD .

With petrol price just increased and GST around the corner, and people complaining like hell, I guess BNM might as well raise the OPR too and burden those with loans

Just placed some fund at uob. They don't allow top up so will be placing fund at scb soon. 4.25% is still available.

This post has been edited by Human Nature: Oct 13 2014, 02:40 PM

While I lament that I placed certain amt in UOB for 13 mth at 4% just a week or two ago, it now increased the rate to 12 mth 4.05%.

But if I just wait for the increase, which one may never knows whether it will be coming, then I lose out more on keeping the fund.

So I do agree with magika's opinion that it is hard to time the market. You just have to make the move when the gain is sufficiently good for us. Also for UOB, they have been adjusting their rates. So my 4% is better than their 3.9%, 3.95% offered not too long ago.

This post has been edited by bbgoat: Oct 13 2014, 02:58 PM

you always got fund to deposit.. ah printing money ah..

SCB n UOB seems to be tops for >12 months deposit. It will take me years but slowly moving my funds into KWSP. Nowadays with children growing up, funds seem to be shrinking quite fast.

Min 10k. Just confirmed with my RM

Can update why need Premier Banking?

Nothing mentioned about premier banking by my Relationship Manager. i think it's open for all.