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..

This post has been edited by BoomChaCha: Sep 29 2014, 07:55 PM

This will lose 2 times of currency conversions plus some transaction fees.
And also need to take the risk if Indian currency depreciation vs Ringgit..

Oh..Really..?
Wind blows from where?

Yam Xing

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



This post has been edited by BoomChaCha: Oct 5 2014, 02:43 PM

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..

This post has been edited by BoomChaCha: Sep 29 2014, 08:48 PM

Deleted...

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

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



Top Cat received this gift from May Bank:


Thanks Top Cat RO Player

This post has been edited by BoomChaCha: Sep 30 2014, 06:45 PM

Thanks for the UOB update..

I did 2 things in SCB this afternoon:
(1) Changed Renewal Instruction from 3 to 1.
Customer service Leng Lui helped me to fill out 2 forms (1 FD cert per form) to request to change to Renewal
Instruction 1, this process will take about a month. I still keep the original FD certs, I can go back to SCB
to get the updated FD certs with Renewal Instruction 3 printed on the FD certs in about 1 month later.
if I wanted to change to Renewal Instruction 3 immediately, then SCB would need to issue new certs, then
I would lose 11 days interest. So, I prefer to use original FD certs and wait for a month so that interest will
not be lost.

(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.
Because I know he does not have mood to entertain me since I do not buy bond from him.

This is true. Bank cannot claim the money in EPF account even somebody is bankrupt.

But during the negotiation period in between the bank and the borrower and before a bankruptcy is officially filed,
bank has to right to ask for the EPF statement from the borrower, if the bank discovers that the amount of money is
big in the borrower's EPF statement, this could reduce the bargaining power for the borrower to request for a minimum
settlement from the bank.

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..

Sorry lah..recently my head very pusing..Ai..Tuesday became Thursday mistakenly..
Ah Goat, I was thinking if you can use IBG to send RM 10k to your priority current account..
but now is too late for SCB to receive.
Maybe you can call SCB tomorrow to see if this 4% promo is still available or not..?
I think it is good to IBG BR interest to SCB current account to consolidate funds..

I have to follow you ma..

This post has been edited by BoomChaCha: Sep 30 2014, 08:57 PM

Bro, your update FD info from Mach Bank has been updated on Post #2.
Thank you so much..

My personal opinion, if preparing for next OPR hike before GST, 6 months is the best.
If you do not want to take this gamble, or if you do not have the time to "play"
with it, then can consider May Bank 12 months with up-front interest...

Top Cat RO Player contributed this May Bank 12 months with up-front interest info, not me...

Duplicate..

This post has been edited by BoomChaCha: Oct 2 2014, 12:02 PM

Breaking News

FD interest rate hike as well as petrol price hike...

RON 95 and diesel will increase by RM 0.20 per liter after midnight...

http://www.thestar.com.my/News/Nation/2014...ncrease-20-sen/

http://www.malaysiakini.com/news/276342

This post has been edited by BoomChaCha: Oct 1 2014, 09:55 PM

Rocket speed action to place May Bank FD...

Okay...Thanks for the update

It is my pleasure.
Actually credit goes to Top Cat RO Player...

MBB 4.00% up-front interest was a good deal. Glad to hear that you finally managed to place this FD...

Another round of inflation is coming soon.. So OPR should go up again soon

This post has been edited by BoomChaCha: Oct 2 2014, 08:52 PM

It is impossible not to be hampsap when seeing leng lui..


I did the same. One of the Peton gas stations sold out all RON 95.
Luckily I found another Petron still had RON 95 available..

Ya loh.. a lot of people are complaining about this issue.

Warrior, MBSB has updated FD rates since 1 August 2014, but unfortunately 4.7% remains the same:
http://www.mbsb.com.my/deposit_fixed.html

'Another 25bps OPR hike in first half of 2015 possible' - The Sun, 22 September 2014


This post has been edited by BoomChaCha: Oct 3 2014, 05:39 PM

Affin Bank FD Promo, valid from 18 July until 31 Dec 2014



This post has been edited by BoomChaCha: Oct 3 2014, 05:20 PM

Wah.. very good rate for 3 months..

Now I know why some members complained that they were unable to open SCB FD on the same day,
I think they went to SCB Islamic branch.

SCB Islamic branches will stop to place FD after 3.00pm, this is related to Islamic trading procedures that
they need time to buy and sell. For SCB conventional branches, no problem to place FD after 3.00pm.

Just like Am Bank and RHB, SCB allows to withdraw FDs in all branches nationwide.

Affin IBG fee: RM 2.00
Affin Rentas fee: RM 9.00

This post has been edited by BoomChaCha: Oct 3 2014, 07:51 PM

This Affin OMG is still available until 31 Dec 2014:
http://www.affinbank.com.my/General/Whats-...--Campaign.aspx

Take a look at ii) on the FD cert, it stated very clearly that for FD tenure longer than 12 months
will get interest every 6 months..?