Ah Sir, I agree with with you, we will try not to withdraw due the the higher interest rate
at year end.
RHB 12 months' FD gave me one FD cert, but this FD cert is valid for 3 months, I have the option
to renew or withdraw the FD cert after 3 months; or if I do not have time to go to RHB to renew, then this FD will auto-renew until it matures in 12 months later. Interest will deposit to my RHB saving account based on the step-up tenures.

I just checked my SCB online banking account, no, no interest yet

Oh.. Wind blows from where..?

I think I need to go to talk to the SCB Service Manager again..

By the way, do you know if RHB step-up FD rates are fixed?
Or the rates might go up or down just like Public Bank step-up FD.?



This post has been edited by BoomChaCha: Apr 15 2015, 10:17 AM

Yes, this CMD-I is a fixed deposit, it should be Islamic type.

Your mom can renew or withdraw when this FD is matured based on each step-up tenure.

When renew, your mom has the option to go to RHB branch to request to print the next
following tenure on a new FD cert; or if your mom does not have time to go to RHB branch,
then this FD will auto-renew by itself.

If you uplift before 3 months, you can get back your principal but you won't get any interest.
So if you want to earn your 3 months' 3.3% interest, you have to keep your money in FD for
at least 3 months.


Thanks for the HLB FD info, Bro..

So, it looks like it is better to place FD with the best rate but don't mind to lock in longer term..?
Like Affin's 2 years at 4.38%..?
Or even 5 years in MBSB & Bank Rakyat..?

Thanks

This post has been edited by BoomChaCha: Apr 16 2015, 10:08 AM

You mean the maximum cash deposit allowed for placing FD is RM 30K in UOB..?

Last time I deposited cash RM 90K to HSBC for FD, HSBC asked me the source of
this cash, then I showed them the SCB cash withdrawal slip.

If a person pass away without a will, then don't make condolence advertisement in newspaper.
Banks won't know when a person is dead, so can just wait for the FD to become mature (provided the FD is joint name with either one to sign), then withdraw quietly.
The best way is to prepare a will, we will never know what will happen to us tomorrow...

Banks will question the source of fund if:
(1) cash amount is more than RM 50K
(2) check amount is more than RM 100K

You mean xcxa23 is so leng chai that banks will not ask him the source of fund lah..

By the way, I still have not received my SCB interest..

Oh.. I think it depends on how does a person dies.

Let's say if a robber dies under the police gun fire, then this case will need a police report
& doctor anatomy report for the Births & Deaths Registration department to issue a death certificate.

If a person dies in a hospital because of sickness, then the doctor will write a report
for the Births & Deaths RegistrationBirths & Deaths Registration department to issue a death certificate.

No, banks do not have any online network to link to the police department yet..

Oh Captain.. since the release of your latest Fiction Novel ebook, then banks will act faster to request to link to the Births & Deaths Registration department..

This post has been edited by BoomChaCha: Apr 21 2015, 11:22 AM

This is quite true also..
Usually bank staffs will scare to ask when a person has a towkeh look..

I have received SMS from the Service Manager almost every week to inform me
that FD interest will credit to my saving account in 2 days; nut I just hear the
thunder but no raining wor..

I will sms the Service Manager soon..

Ya loh.. need some time to read Captain's blog, but luckily Captain's articles are written in
easy to understand English..

This post has been edited by BoomChaCha: Apr 21 2015, 11:17 AM

This survey is super brain-less
Which stupid wants to extend to 60 years old..?

Ya loh.. I agree it is funny

I am not worried about 5 years FD because I do medical check-up at least once per year;
and I am driving slowly like 80-100Km on highway, and I make sure my car is equipped with
at least 2 air bags and ABS..

This post has been edited by BoomChaCha: Apr 22 2015, 09:56 PM

This is true, Ah sir.
------

By the way, I have just received my SCB interest today..
In my SCB online banking saving account, SCB put "Value Date: 23/3/2015", so I think
SCB back date the FD interest in my saving account since 23/3/2015.

I think SCB is supposed to back date my FD interest since 19/3/2015 (FD was placed on
19 Sept 2014)..so it looks like SCB eats my 4 days interest..?

If this is true, then it is good for people who placed 18 months FD with SCB..

This post has been edited by BoomChaCha: Apr 22 2015, 10:45 PM

An Iron Goat..


Just received one more RM 9.43 as "Interest Adjust" in my saving account, don't know how many
times of adjustments SCB is going to make..?

To be frank, I do not have a happy feeling because the interest is not much..


At first, you can talk to your RM, if your RM is not around or not answering to your call; then
you can talk to Service Relationship Manager or Service Manager (Service Relationship Manager reports to Service Manager), then the next option is to talk to the Branch Manager.

Write to Bank Negara to complain?
I think not necessary lah....I think you will receive your interest very soon...

This post has been edited by BoomChaCha: Apr 23 2015, 10:53 PM

Gary, be careful when your park your car in Damansara Uptown.
Last month when I placed my FD with SCB in Damansara Uptown, I parked
my car on a small road (see pictures with a black cross) which next to Public
bank, my car suddenly disappeared after I came out from SCB.

Later I found out from the police station that MBPJ towed my car to
Damansara Perdana, so I had to take a taxi (cost me RM 7.00) to go to Damansara
Perdana to get my car back.

Consequently I had to pay RM 300 to get my car released from MBPJ...

I was thinking to bring this case to Consumer Tribunal, because as you can see
there is no "Zone Tunda" sign board on this road, and no yellow line on the ground,
and I did not block the traffic when I parked my car there.

Below is part of the conversations when I was in MBPJ office in Damansara Perdana:

Me: Saya tak ada salah, MBPJ paksa saya bayar RM 300, MBPJ kelakuan macam perombak..

MBPJ officer (smiled) : You boleh panggil apa yang you suka, tapi kalau you tak bayar RM 300,
kami tak akan lepas you punya kereta..

Me: Saya mahu rayuan

MBPJ officer: Boleh, kalau you adalah OKU atau student, ini boleh dapat RM 90 diskaun lah

Me: Senior Citizen boleh?

MBPJ officer (smiled): Senior Citizen tak boleh lah.. Uncle. Kalau you mahu complain, you boleh naik taxi ke MBPJ HQ di Petaling Jaya, pergi RM 70 dan balik ke sini lagi RM 70, dan ini tidak jamin you akan dapat rayuan..

Me: Saya tengok you ada MBPJ pajero di sini, you hantar saya ke MBPJ HQ, dan hantar saya balik ke sini, boleh..?

MBPJ officer: Tak boleh lah.. Saya tak ada kunci, saya guli sahaja..

------------------------

So I lost RM 307.00 just to place my FD with SCB in Damansara Uptown...
Next time I will never go to Damansara Uptown anymore...

This post has been edited by BoomChaCha: Apr 24 2015, 09:11 PM


Attached thumbnail(s)

I think it was a peak hour when I went there, I could not find any parking including
the basement parking.

Thanks for the parking info info.

Ya loh, initially I wanted to go to SCB in PJ, but the road blocked because of road construction,
so I had to go to Damansara Uptown which was the nearest.

I think this small road next to Public bank is purposely set up as a trap by MBPJ.

The MBPJ officer also told me they have 3 tow trucks, each tow truck has daily quota,
each tow truck has to tow at least 10 vehicles per day.

I think this is a good business...
3 tow trucks x 10 vehicles = 30 vehicles x RM 300 = RM 9000 income per day.
RM 9000 x 26 working days = RM 23,4000.00 per month, and some more no need to pay
income tax...

MBPJ's overhead in Damansara Perdana, a small simple office with 3 officers (one female cashier and 2 male public relationship managers, their jobs are to social and talk nicely to the angry vehicle owners who got towed) , plus one more big size bouncer/gangster type security guard with toothless is watching all towed vehicles in the yard. This security guard told me his salary is RM 2 thousand plus per month.

Kuwait Finance House FD Promo


This post has been edited by BoomChaCha: Apr 24 2015, 11:31 AM

Ah Goat Sir.. I placed my 2nd SCB FD on 3 April 2015 in Damansara Uptown, I was expecting
my 1st FD interest (placed on 19 Sept 2014) on 19 April 2015..

I think your interest is correct ---> value date 19/3/2015

I got my interest value date 23/3/2015 (suppose to be like yours, 19/3/2015), so SCB paid me
back RM 9.43

This post has been edited by BoomChaCha: Apr 24 2015, 11:52 AM

Yes, it does stated clearly on the SCB FD cert.

But for somehow this time SCB screwed-up..

Let's wait until the 1st of May to see if any back date interest will credit to
saving account or not..?

I calculated and I guess RM 9.43 is the 9 days interest for my saving account..
From 23 March to 31 March: total 9 days

What do you mean..?

This post has been edited by BoomChaCha: Apr 24 2015, 12:19 PM

I received my FD interest correctly based on 6 month interest.

I guess this RM 9.43 is the back date 9 days SA interest from the FD interest in between
23 March to 31 March. (But I placed my FD on 19 Sept 2014)

My Value Date shown on my SCB Online Banking is 23/3/2015, so I guess this RM 9.43 interest
is 9 days saving account interest.

I remember my Service Manager promised me to chase for the SA interest..

This post has been edited by BoomChaCha: Apr 24 2015, 12:49 PM

No lah..... I think my calculation should be wrong..

As long as I can receive the 6 months interest.. I am happy already..

So, it is better to go for the higher rate with maximum deposit now, long tenure
also never mind...