Captain, I just called SCB RM. He confirmed that the 15 mth 4.5% FD still on going. Also the conventional FD also running. I mentioned this again yesterday.

Don't shoot me on 3 consecutive posts. All on diff topics/times, ha ha ha !

This post has been edited by bbgoat: Mar 16 2015, 04:25 PM

What is the requirement for OCBC premier?

Yah, SCB got 9 and 15 months Promo until end of March - Ad in the The Star today.

Min 300k AUM.

Hi all seniors here, I'm new here, I have some doubts regarding the HSBC bank's 5% 3 month time deposit

how to calculate this? like say i put the money in for 3 months, then uplift it after maturity date (3 months), how much interest do i get? since interest rate written is 5% per annum, doesnt it means need 12 months?

if say for example i put rm10,000 for 3 months and uplift it after 3 months
would i get interest rate of 10000x5%=rm500? or would it be lower?






another question is that, is it worth the hassle, or should I just deposit into SCB 4.25% 9 months?



and I would also like to know whether bank FD rates changes? does it affect people who had locked in their respective FD's? (meaning after i subscribed to 12 months FD @ 4% pa, would i be affected on lets say 2016 or 2017 if that time FD rates drop to like 3%pa? or would my rate still remain at 4%pa?


sorry for asking so many questions, I'm new at all these

thanks in advance!

This post has been edited by alexace11: Mar 16 2015, 06:33 PM

or are there any other good investments that are relatively safe? (lower risk)

1. for the HSBC advance, you will get 5%x 3/12, which you will get around RM125 for every 10k u deposit,at maturity.
2. i will prefer SCB 4.5 for 15 months, which u will end up with rm562 for every 10k u deposit, at maturity.
3. Regardless of rates changing, the banks have to stick with the rate printed on the slip throughout the tenure, else you can complain them at bank Negara.

You are welcome in advance

Thanks for your clarification!

may I ask something more? Should I put into FD or unit trust?

try both, and see the difference

but i heard many ppl say unit trust very risky, and that many ppl lose money in unit trust (with exception of the ASB,ASW,ASN,ASG etc etc those)

and how to calculated compounded interest based on 15 month period wor? lets say if i put 20k for 4 years @ 4.5%pa, then how much i get at the end of 4 years?

Just put MBSB 4.7% 5 years. Problem settle.

What's with Anantara, everyone is offering it

RM0.00 Spend on MBB Visa Infinite Card overseas & win 4D3N at Anantara Vacation Club, Phuket with return air tickets for 2. SMS VIOSC<space>NRIC no to 66628.T&C

May be he should be called M & M man

Now a day some banks got stated the rate subject to OPR changes...
at least I saw MBB & PBB is doing it.

Wow, first one (for last 2 years ?) to say putting for 5 years. Yet earlier there are people saying who is putting more than 2/3 years ?

The longest I put is 3 years in AmBank for 4.5% last Dec.

Good one !

This post has been edited by bbgoat: Mar 17 2015, 10:08 AM

maybe they have tie up with several PB here

Anyone here keeps a copy of the terms for the SCB FD promo stating that the interest will be credited to our nominated CASA on every 6th month?

add: found the terms but no mention of the 6 months thingy...only verbally informed by the officer then
https://www.sc.com/my/campaign/special-rate...ampaign-tnc.pdf

This post has been edited by Human Nature: Mar 17 2015, 11:02 AM

Check the FD cert. Stated there for FD >12 mths, interest to be paid 6 monthly.

oh got it..will take a snapshot and submit as proof if requested by the bank. thanks

You mean SCB asking you to show proof ?

The leng lui in SCB also told me verbally interest is to be paid every 6 mths.