Just returned from SCB in Bandar Puteri. Zero deposit to open Just One Savings Account and placed an FD for 12 mths @ 4%.

And Manager came out gave me Priority Sticker for parking ... and of course to sell me other products

Peanuts compared to so many tai kors in here .... I'm thankful to this thread and to those who constantly updated the latest FD promos.

So many Gurus in here. My Maybank Premier Wealth RM coming to see me next week to send me a gift. Frankly, I was disappointed with them 2 years ago. Called me to let me know I have a Maybank Infinite card ready if I wanted to. Told my RM yes and waited for 2 whole weeks, a week before flying off via KLIA. Then I called, then only inform me, need me to send some documents before can send the card. I told them to fly kite and she hasn't called me since till yesterday.

Will check with her the best rates they have and to confirm if the 4% Term Deposit fund MUST really be from this few banks only or not. I struggle when I have too many banks to monitor

Then if bank draft comes from another bank how? Furthermore, just told off my SCB RM just now.

Last week, gave another cheque to get another 4% 12mth FD and another cheque for a 3 year bond, which was still under book building process. When he told me the bond still wasn't available yet, I said I wanted to put that 2nd cheque into FD promo. The first cheque managed to secure the quota. He yesterday called me to tell me promo is over as what everyone in here is confirming.

But he went to bank in that cheque into the new CASA account without informing me. Now, I have to take pay a bank draft fee to get that money out.

This post has been edited by McFD2R: Oct 16 2014, 01:09 PM

SCB RM just called. Started yesterday 3.75% 3 months FD. Available till quota filled.

Online FD placement is at board rates most of the time. Promos are done over the counter based on all that I've done so far.

Assuming the sum of RM2k is placed into FD

Promo rate of 12mths 4% - RM80
Board rate of 12 mths 3.3% Maybank/CIMB - RM66

The difference of RM14, IMO does not justify the time/petrol spent going to the bank, twice.

In my opinion .. doing so online will be more worthwhile. Mach HL FD now is 4% online with minimum RM1k
https://www.machbyhongleongbank.com/mach-fixed-deposit

For me, I would say the difference ought to be minimum RM50-100 to make it worth my time to go twice.

If money is transferred via banks, you will always have to declare the purpose of such transfers. I've done so several times and reason is required. You can BS but not advisable. The only way to undetect is bringing cash each time you go to Australia, which I assume you do since you chose Australia. I go once or twice a year.

It's not just for detecting money laundering but also to monitor terrorism fundng. Oh trust me, Aust Govt & banks will monitor, especially if you have no interest in Australia ie. Property, sister/bro, business ..