just did a quick search in Google

https://www.sc.com/my/saadiq/deposit-rates.html

https://www.sc.com/my/_documents/islamic/pf-i/pfi_tnc.pdf

OCBC #1 indeed. went there for the 1st time, already got eye-candy from the trainee and counter girls

back to topic, OCBC rep also trying to upsell FD-investment-insurance -linked package. since their relationship with GE insurance, they pushed it to their banking customers.

told him i only wanted a basic SmartSavers account to monitor my home loan balance via Internet Banking (free ATM card, cuz i dont want debit card which is chargeable)

sorry to say this but this topic is for FD, not "how to use xxxxx feature". pls dont keep spamming here except in /k/ https://forum.lowyat.net/Kopitiam

refer here on how to quote a person's name https://forum.lowyat.net/index.php?showtopic=3053035


secondly, additional info about promo FD.

promo rates are purely to acquire new customers (at specific promotion period) to lock in their funds into their bank. they want your money, now.

upon maturity, autorenewal at board rate. why? no more promo period. simple as that. promo rates changes from time to time. board rate is the standard/base rate.

nobody knows what is the new promo rate down 1-month/3-months/6-months/12-months later. ergo, how would the bank know which promo rate to renew to?

guys, got some questions about UOB's Pure FD for 12 Months - 4.05% p.a.

there's no cert given, right? it's statement-based account?

1) if i'm transferring fund from Maybank (banker's cheque) and enrol UOB's FD, what will I get as proof of deposit? how do i check this account? do i need to enrol online banking?

2) how do i IBG the fund from Maybank to UOB? since i dont have any accounts with UOB at all, how does UOB process the fund? can UOB do a reverse-IBG from Maybank?

for example: I go to UOB, tell them i want to enrol the FD but IBG the fund from Maybank. Can UOB do that? reason i'm asking this is to save my time travelling between banks

2) upon maturity, can i request UOB to IBG the fund back to Maybank?

thanks

thanks for the update

i dont think IBG to UOB's FD account would work because the FD account has not been created at the first place to receive IBG fund.

IBG upon maturity is preferable since i can jsut drop by over-the-counter and request UOB to IBG the fund+interest back to Maybank (instead of carrying banker's cheque again).

i see, useful if you're periodically doing the musical chair

for now, i'm expecting this as 1-time placement. of course by the time it matures, i might use banker's cheque too if i dont have to utilize the fund for other purposes and deposit into a new promo FD

This post has been edited by cybpsych: Oct 28 2014, 02:04 PM

didnt see any posting about this, here this goes



Exclusive RinggitPlus Breathe Easy With A Free Medklinn Asens Air Steriliser OCBC Fixed Deposit Special Offer Terms and Conditions
13th November 2014 and be available until 27th November 2014, both dates inclusive

Sources: RinggitPlus | *Free Medklinn Asens Air Steriliser - exclusive RinggitPlus offer. Terms & Conditions apply. | ** Win a 916 gold coin. Terms and Conditions apply.

Any idea of the 'fresh fund' definition for ocbc? I read the gold coin t&c, fresh fund inclusive of existing funds (eg CASA) transferred not more than 3 days.

If true, tempted to enrol this coming Friday, I can ibg the fund tomorrow and hopefully eligible to get this FD and one of the first 200 depositors

This post has been edited by cybpsych: Nov 18 2014, 10:04 PM

i wonder how does RinggitPlus know when to stop the promo

i presume it's based on total registrations in RP since the unit is given by RP, not OCBC.

if this is the case, i might still have a chance to get the unit cuz i registered it on Tuesday (gotten SMS + email); have yet to place the FD in OCBC (planned to visit tomorrow).

BoomChaChagsc

well, RP already removed the term "compounded interest" from their website. now only stated Your interest earnings will be calculated daily, but will only be paid out at the date of maturity.

finally published on newspaper and website

At OCBC now to place Super Deal FD 12mth 4.1% p.a.

Asked about the promo (medklinn air sterilizer), still accepting (if u have the SMS from ringgitplus). Qualified FD placement will be tabulated by HQ to identify first 200 qualified depositors before submit to ringgitplus.

Gonna ask some questions about interest if maturity falls on nonworking days.

BRB....


Updates:

1) OCBC gives additional interest if maturity falls on non-working days (weekends or PH). FYI BoomChaCha

2) Read thru the internal briefs for Independence Day FD deals (expiring 30 Nov). I noticed all interest rate of 4.100010% p.a. is for the Gold Coin contest. I guess they're doing this on purpose to segregate eligible vs non-eligible depositors. p/s: mine printed 4.100010% p.a. as well as printed instructions to transfer the fund+profit back to my OCBC's SmartSavers account upon maturity.

This post has been edited by cybpsych: Nov 21 2014, 11:40 AM

yeah, i specifically requested not to renew at board rate and transfer all to my OCBC saving accounts. i'm planning to use this fund to reduce my house loan's principal next year (OCBC's also), so the timing is just nice

OCBC FD >> OCBC SmartSavers >> OCBC House Loan

this is also the main reason why i chose OCBC's FD instead of others since it's less hassle for me to handle the fund

PB STEP UP FD

More info: Public Bank | T&Cs

Same pool of 200 cuz T&CS and promo period are the same. Guess earlier target was not met after tabulating data from OCBC. Fuhhh luckily I did mine even after RP stopped it.

Now deposit time is too tight cuz ending 27 Nov.

O+Nov 26 2014, 09:18 PM-->for me, i just show the sms, the ocbc girl was aware of the promo. she then proceeded to register the FD as usual.

i noticed my FD cert got this * printed. I suspect it's for the gold coin contest promo.


'bout identification, i guess OCBC HQ submit the names to RP for verification. Since we already entered the details in RP, perhaps that's what they do.

still, not an efficient way to run the promo since there are other OCBC FD depositors unaware of RP promo and not showing the sms.

the OCBC staff told me that their HQ will send the list to RP to reconcile and verify.

i guess no need to inform RP.

arghhh Fresh Fund needed?! i got existing FD matured liao with Affin. Thought to redeposit to 2yr 4.38%.

@BCC, what's the best SA with Affin that you could recommend?

confirmed fresh fund needed. grrr

Notes about AFfin's 2yr 4.38% FD's fresh fund. You can IBG from other banks to Affin's SA few days before placement (not weeks or months earlier). Affin still recognize this as "Fresh Fund". This is similar to OCBC's Fresh Fund definition earlier. Since MBB's online IBG has RM10k limit, i might need to do it few days before actual placement.


1) uplifted my matured FD, IBG it out to MBB for the time being (RM2 svc charge). IBG fund reached my MBB acct this evening liao.

2) placed a separate FD placement (cash), straightforward arrangement. principal + interest will all credited to SA upon maturity. No rollover allowed.

3) opened basic Affin SA* with RM100 instead of Affin Gold with at least RM1k to open; pffft not interested. told the officer, not intersted to use its SA. opened it just because their FD's T&C required it

*Note: SA will go into dormant if inactive for 1 year. since the 4.38% FD promo is 2yr, need to keep the acct active each year. if not, upon FD maturity, principal+interest cannot be credited. FYI: FD dormancy is 7 years of inactive.


p/s: Freakin' a lot of forms to be signed. FATCA, PDPA, etc etc. didnt notice this much of forms to be signed last year. Told the officer StanChart also have lots of forms, taking hours to get it done She commented "then we are like StanChart"

This post has been edited by cybpsych: Dec 5 2014, 05:42 PM

no GOATS for me cuz 2yr 4.38% FD has no CASA earmarked

however, min 20k FD placement will still be (auto) eligible for the Grand Prize of OMG (One Million Giveaway) Campaign. wasnt targeting this, but no harm nonetheless. OMG campaign ending 31 Dec, so it's a good time to place some decent FD here, considering the good rate.