the missing article = EPF caught in tricky bind

http://www.therakyatpost.com/business/2014...ht-tricky-bind/

Since BR stopped issuing banker's cheques, they did an IBG transfer for my matured FD to my CA in another bank but the monies cannot be used until after 6pm today - so cannot placed new FD for today!

Why does it take so long (945am till 6.00pm) to credit the monies?

TQ. Next time have to be very early, before 930am, assuming banks open at 9am???

This post has been edited by giko: Sep 9 2014, 09:44 PM

As per the CIMB's table, it's RM0.10 per IBG transaction but I paid BR RM2.00, so does that mean mine's an instant transfer?


Will try this out for the next month's maturing BR FD... TQ Gen-X.

BTW, I really loved your quote "...if I don't spend my money on my children's education, they will eventually inherit my assets anyway and god knows how they'll spend it!." from your latest article ( http://generationsxyz.blogspot.com/2014/09...es-me.html#more ). WOW!

This post has been edited by giko: Sep 10 2014, 07:54 AM

Clever of SC to "force" us to open CASA as MBSB allows us to credit the interest into our CASA in other banks.

http://savemoney.my/bsn-deposit-and-win-a-...c41232-90057701

Promotion period:
11th September – 10th October 2014

Important Terms and Conditions:
1. Open only to those who register for a fixed deposit via RinggitPlus.com by providing their full name and answering the competition question.
2. Must open a BSN fixed deposit account with a minimum RM10,000 fixed deposit for 12 months at a BSN branch after entering the competition.
3. Eligible customers will be required to correctly answer the question: “What is the colour of the RM50 note?” to be in the running to win.
4. Existing BSN fixed deposit holders are not eligible.
5. Limited to one entry per person.
6. Prizes not exchangeable for cash or transferable.

Qualifying BSN Fixed Deposits:
1. BSN Fixed Deposit
2. BSN CM Deposit-i

Interest can be either cash credited straight into your Giro Account, or
fund transfer via IBG or Rentas.

Fixed deposit account not by PIDM but will be guaranteed by the Malaysian Government under the Development of Financial Institution Act.

This post has been edited by giko: Sep 11 2014, 02:44 PM

huh?

per http://www.mybsn.com.my/content.xhtml?contentId=518, the holiday promotion period is 8th September 2014 to 31st December 2014 but per http://savemoney.my/bsn-deposit-and-win-a-...c41232-90057701 , the period is 11th September – 10th October 2014, plus a chance to win 1 of 10 gold bars ( https://ringgitplus.com/en/fixed-deposit/BS...campaign=BSN001 )

http://www.ambank.com.my/ambank/SiteAssets...D/TopRateTD.jpg

Para 3 of the T&C's per the above states "Upon maturity, the time dep will be renewed for 5 mths tenure at prevailing board rates"

However per 4.4 of http://www.ambank.com.my/ambank/SiteAssets...0(Eng)%20v2.pdf ,

"The Promotional Rate stated above is applicable for one (1) cycle only. Upon maturity of the FD/TD Account after the Promotion Period, the Bank‟s prevailing board rates for FD/TD Account shall apply to any rollovers and/or renewals."

Now which T&C is the accurate one as the former "forces" you to renew while the latter gave you the option of not renewing...

Sifus, can clarify. TQ

TQ. will be "abandoning" BR early Oct for this deal.

My BR fd matures on 1 Oct. Can I IBG the fd to another bank on 1 Oct itself? TQ

TQ. will be able to do the ambank fd on 1 oct itself.

was at BR to ibg my fd to another bank:-

1. today's ibg was only 30sen, yes, 30sen & not the usual rm2!

why? per officer, it's only for senior citizen or handicapped persons but clerk said that it's 30sen per their terminal. so still don't know why...

2. my maturity date was today & clerk said can come at 9am when they opened to ibg the fd+int.

3. br's fd rates have not changed at all!

the BR clerks can't change the 30sen IBG to RM2 as it's fixed on their terminals...

FD rates "hike" is peanuts compared to the petrol hike of 9.52% !!!

maybe this reduction relates to this :- http://www.malaysiandigest.com/business/52...s-on-oct-8.html ???

the merger may NOT go through...

Goodbye is the 1st word that came to mind...

looks like mbb has started to attack the soon-to-be-the-biggest bank (by assets)... hmmm... may just uplift my mbsb...

1. the 3.87%, as per the previous posts (just scroll up) may have ended.

2. you need to go to any mbb branches to enquire if it's still available.

3. min is dependent on the branches (between rm25k - 50k).

4. why don't you scroll up & a few pages back or go to the 1st page, post #2 where sifu BCC is kind enuf to summarise =

"May Bank, valid until 31 October - (New added by bbgoat on 3 Oct & updated by bbgoat & haur on 7 Oct)
3.87% for 3 months
First 2 mths 3.7% and 3rd mth 4.2%, average 3.87%
Minimum FD deposit fresh fund RM 25K or RM 50K?
*Fresh fund must be from RHB, CIMB & MBSB..?"

you dun hv to post twice if u do your own "handwork"; even the sifus dun wanna reply your post.

luckily for you, this small fart took pity on you by replying lah...

This post has been edited by giko: Oct 11 2014, 08:58 AM

http://www.ambank.com.my/eng/promotions

effective rates:-

13 mths = 3.760% or 3.779% if compounded.
26 mths = 4.098% or 4.149% if compounded.

wonder what's the "mystery" gift?

This post has been edited by giko: Oct 11 2014, 02:22 PM