Of course SC offer of 15 mths 4.25% is still the best deal so far.   

15 months FD for SCB works out to be 5.31%

since it is 4.25 p.a so the remaining 3 months 4.25 divide by 12 x 3 equals 1.0626, add them all up is 5.31%

ok guys actually CS also confirmed it is 5.31% for 15 months

Thanks for the confirmation.

So for RM100k deposit @ 5.31%, one will get RM6,637.50 interest after 15 mths right ? 
But I'm still confused, why SCB advertised 4.25% leh ?    why don't SCB advertise the hidden 5.31% as you pointed out to attract more depositors ?

This is what I read in some website regarding how the implementation of GST will affect the prices :
a) Current 6% Service Tax (on the F&B and professional services industry) abolished, 6% GST introduced - Pay the same price

b) Current 10% Sales Tax (on manufacturing and imports) abolished, 6% GST introduced - Pay less in price

c) Current SST Exempt items, 6% GST introduced - Pay more in price

We need to "avoid" scenario in ©, so need to make purchases before 1st April 2015...but I have no idea what are the items in that particular category yet

So, in theory, prices for PC, TV, smartphone etc. should drop after the implementation of GST. Dunno can believe or not.

So price increase is inevitable when GST is incurred...meaning that there is only one possible movement for the OPR...upwards Correct boh?

Your POV is that BNM will not raise the OPR pre-GST, but a possible hike post-GST? Probably to monitor consumers' stance & retailers' reaction towards GST?

Was at SCB today too. Only one customer in queue before me but just a single lengzhai to handle all FD matters today so took me about 50 mins. Had to photocopy my IC again despite me already having an account there. Asked if there is any free gift but none given. I will be happy if even if they give me a tupperware...but the sad thing is, the last week lenglui saw me but didn't smile at all.

These are the names for the recent ATM hack. Source Bernama.

The ATMs were located at Jalan Yong Shook Lin, Petaling Jaya (Affin Bank, losses of RM303,000); Dataran Sunway (Al-Rajhi Bank, RM285,700); Seksyen 14, Petaling Jaya (Bank Islam, RM395,850); Kota Damansara (Bank Islam, RM221,160) and Kelana Jaya (Al-Rajhi) where the full amount lost has yet to be ascertained.

Another Al-Rajhi Bank branch in Section 9, Shah Alam lost RM116,000 to a similar hacking.

Though the ATM hacking doesn't involved individual accounts, there were reports recently about money in individual account being transferred out electronically using a Trojan sent to the account holder's mobile phone and a copy of the TAC sms being forwarded to the hacker's phone.
It's best to avoid eFD or untag/unlink FD accounts in your internet banking account.

Anybody knows about this UOB promotion?

http://www1.uob.com.my/personal/promotions...ips_190914.html

Funds earmarked for 3 months but I just don't understand how it works. Is it a fixed deposit? Is there any interest besides the gifts? 

Thx. I guess it's not a good deal based on my calculation.

80k put in FD of 3 months with an interest of say 3%, will already net you RM600 in 3 months. Much more that the item being offered! 

Of course, the account will give some interest but I think that would probably be peanuts.....

I called up UOB and enquired. They said the savings and current account all very low interest... 0.2-0.3%. They even said " Can consider as no interest!" Lol!!

Not too sure about e-account but they say fun saver not applicable for this promo. I did ask them on whether any account with high interest is under this promo.... they said nope.

The following current accounts or savings account are eligible accounts under this Promotion
(“Eligible CASA”):
 High Yield Account;
 i-Account; and
 Savings Plus Account

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!

You will also be assigned an RM to assist you with your banking transactions.

But for each cert they printed the  account is different (affin, scb) except HLB. HLB all same no. (eg 123456789) So no, I dont have new account no with HLB.

My question is can I ask affin and scb to do the same like HLB? Print same account no on my next fd?

Cause my parents making will. And they do not want to pay lawyer anymore if place new fd (you need to pay lawyer to update the will)

So if they put new fd in say scb, scb will give them new cert with new account no. So if they update the will with the new fd, they need to pay lawyer.

That is why they want to know if they can get all same account no from the same bank. That way, no need to pay lawyer.

Aiyah, if that is the case, solution so easy, ask your parent to only place new FDs at banks that have same account number only (e.g. ABB, UOB and HLB).

Anyway, the lawyer should be able to advise your parents and draft the will accordingly to your parents instructions.
Yah, join account easiest but better not inform bank the other KO dy. Quietly and immediately go uplift. Only set back of anyone can sign is that any of the signatory can also quietly go uplift the FD without the other party prior knowledge especially for Statement Based Accounts.
But it still save you the hassle to find parking spot 

i just opened UOB FD 4.05% 12mths. They just issued me 'TIME/FIXED DEPOSIT ADVICE' statement. Is it neccesary to request for FD cert? I immediately check UOB online banking and my FD accounts are already there.

Is this safe enough? What is the purpose of having FD certs?