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 Fixed Deposit Rates In Malaysia V. No.8, Please Read Post#1 and #2

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okuribito
post Jan 21 2015, 11:28 AM

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QUOTE(bearbear @ Jan 21 2015, 10:54 AM)
Well sadly SG bank only pay peanut interest.

I think it was mentioned that only require to open CASA, I already have one in their 4.25% promo last year
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yeah i saw that too & I tend towards the 9m 4.25% deal ...but being the skeptic I wouldn't set my hopes too high until I see the B&W

I guess it also depends on your outlook for MYR/SGD for say the next 15mths ... tradeoff interest with exchange diff

PS: kykit Yelen is hinting rise in US rates this year. how u see MYR/USD?

This post has been edited by okuribito: Jan 21 2015, 11:34 AM
okuribito
post Jan 21 2015, 04:28 PM

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QUOTE(McFD2R @ Jan 21 2015, 03:58 PM)
I just came back from SCB Bandar Puteri Puchong half hour ago. Placed an amount for 9 months 4.25%  biggrin.gif
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Sounds like good news rclxms.gif Just to be sure, it's not one of those 80:20 casa deals, is it? Straight FD but must open savings acct for interest crediting?
okuribito
post Jan 21 2015, 04:59 PM

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QUOTE(McFD2R @ Jan 21 2015, 04:41 PM)
Fully FD ... a/c opening is mere formality and can be zero balance whereby the interest will be credited to account when matured.
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rclxms.gif rclxms.gif rclxms.gif 3 cheers to you and SCB
okuribito
post Jan 22 2015, 03:04 PM

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QUOTE(cherroy @ Jan 22 2015, 02:52 PM)
But I see from the picture that the condition need to earmark in saving account.
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fresh funds it says no conditions maaaaaa

if existing funds maturing, the way i interpret it - you need to tambah 10% more non-busuk nasi into JustOne (JOC?) acct to qualify ... & because it's earmarked for the full fd term, the effective rate drops lorrrrr

hope can brain tongue.gif
okuribito
post Jan 22 2015, 07:20 PM

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QUOTE(bbgoat @ Jan 22 2015, 03:30 PM)
I interpret the same way as you. As I intend to put in fresh fund (old FD Sept 2014) so have ignored the old (busuk  tongue.gif ) fund requirement.

Like minded.  thumbup.gif  cheers.gif
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hahaha cheers.gif I have one coming up next change

but ... that blardy 1500 initial deposit ... better check properly first the TnC. haihhhhhh I have to waste petrol to visit some blardy conventional branch to ask them. got one saadiq branch near me but they say the saadiq branches cannot

btw, what's SCB's policies on weekend and cost of banker cheque? hhahaha me a bit lazy to dig GenX's blog... spoonfeed pls?
okuribito
post Jan 22 2015, 07:26 PM

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QUOTE(muncee @ Jan 22 2015, 05:13 PM)
Those rates are for existing customer.
The promo rates are for new customer without any existing account with SCB. The promo rates are only for 1st time when opening a new Just one account. If u go second time want to put in more FD, u can't get this rate anymore.
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boss, you sure ka? gotta open JustOne acct?

the trouble with these banks horr damn blardy clandestine ... why can't then spell out clearly on their website?? make pple waste petrol only
okuribito
post Jan 23 2015, 07:53 PM

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QUOTE(eleven dragon @ Jan 23 2015, 05:47 PM)
Not need 1500 deposit.
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smile.gif can share which branch?
okuribito
post Jan 24 2015, 10:44 AM

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QUOTE(bbgoat @ Jan 23 2015, 08:20 PM)
Not true, please see below explanation.
OK, reporting on this SCB promo:

Met the SCB leng lui. As mentioned before, the FD promo is for new & existing customer. But if using "old" fund (matured FD), need to deposit 10% into CASA and hold, as shown in the leaflet.

Placed FD with new fund for 15 mths at 4.5% !!  rclxms.gif It is a conventional FD. Need to open JustOne acct (I used my old JustOne acct). No need to put RM1500 in JustOne. As mentioned last year, placing of RM1500 is to enjoy certain benefits of JustOne. JustOne can have ZERO sum there just for depositing of interest.

However CANNOT split into multiple FD for this promo. Also one time placement only !! Meaning next working day you cannot place another FD to get this promo rate. BUT was told can get KL approval.

It is a new promo. First customer for the leng lui on this promo. She even asked me how did I get to know this promo. Thanks for the info given on this promo by McFD2R.

There are 3 sheets of T & C. So I asked some questions which the leng lui need to call even KL for the answer (one time placement).

Went to their PB office to sign up for PB. Saw 2 more leng lui there.  drool.gif The future RM told me if I need to place some more FD for the 4.5% rate, call him 2 days before hand so he can get KL approval for me. Well, this time is a leng chai. Ha ha !
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rclxms.gif rclxms.gif since you sign up to be PB customer, sure they bend over backwards to accommodate you smile.gif For ikan bilis cust, do you think they entertain say 50:50 into 9 and 15 mths? Did you get a copy of the "3 sheets of T & C" or is it available online?!
okuribito
post Jan 27 2015, 04:47 PM

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To all, my fren went yesterday scb & ask them what if premature withdrawal... was told no interest at all, not even half of board rate. so be very very certain your funds can lock up for full period whistling.gif
okuribito
post Jan 27 2015, 05:26 PM

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nexona88 yes you're right but I suggest to all of you - please go and ask for yourselves, don't take my fren's word for it ... if that's the deal, then that's the deal & you enter into it with eyes open & fully aware. dun cry if you have to do premature withdrawal. It's still the best deal in town at the mo


re maybank deal... has been reported earlier. those big numbers 8.xx% only meant to trap aunties and uncles one! hehe open eye big big to see & open mouth big big to ask b4 waste petrol go to bank hahaha

This post has been edited by okuribito: Jan 27 2015, 05:27 PM
okuribito
post Jan 27 2015, 05:52 PM

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QUOTE(bbgoat @ Jan 27 2015, 05:37 PM)
Checked the T & C, 12.3, if premature withdrawal, no interest for the bonus interest. The bonus interest is 1.25% of the 4.5% for 15 mth FD. 1.10% of 4.25% for 9 mth FD.  biggrin.gif
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that sounds good rclxms.gif so can get 3.25% (ie 4.5%-1.25%) or 1.625% (ie half) for the 15m if premature? Did they give you hardcopy of the T&C? can share pls?

This post has been edited by okuribito: Jan 27 2015, 05:54 PM
okuribito
post Jan 27 2015, 05:55 PM

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QUOTE(bbgoat @ Jan 27 2015, 05:54 PM)
Have the hard copy, but need to do scanning, some scanner problem. Need to fix it.  sad.gif
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chehhhh, just take smartphone snap only la smile.gif

This post has been edited by okuribito: Jan 27 2015, 05:56 PM
okuribito
post Jan 27 2015, 09:24 PM

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thank you sir! that's very legible! haha they do not talk about how much interest payable if premature (other than no bonus interest) - i suppose it's whatever applies to non-campaign fd then. 12.2 also a bit dicey wor... do let us know if your next/2nd cert says 4.5% as well rclxms.gif

btw... clause 5.2 & 6.2 talk about 10% of FD earmarked in Justone account for the term of the FD wor??? but my fren was told just put in 1500 to open JO acct but can withdraw same day

haihhhhh ... I guess as long as they don't make us sign against their secretive T&C - if they do, I'll just put into PBB, so much more transparent

This post has been edited by okuribito: Jan 27 2015, 09:36 PM
okuribito
post Jan 27 2015, 10:38 PM

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QUOTE(gsc @ Jan 27 2015, 10:20 PM)
Ocbc 12 months 4.5% end 31 Jan
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today 27th ... till this saturday? straight fd, no funnies?

okuribito
post Jan 27 2015, 11:06 PM

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deleted double post

This post has been edited by okuribito: Jan 27 2015, 11:08 PM
okuribito
post Jan 27 2015, 11:07 PM

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Ahhhhhhhhh now i see... Eligible Existing Customer .. ok ok & thanks ... light gonna turn green soon rclxms.gif
okuribito
post Jan 27 2015, 11:12 PM

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loud & clear ... thx
okuribito
post Jan 30 2015, 10:07 AM

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QUOTE(kykit @ Jan 30 2015, 07:49 AM)
haiz... "The promotional rate is subject to any Overnight Policy Rate (“OPR”) change."  hmm.gif
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actually, if me, i wouldn't be worried about that OPR clause. why? because this is not a step-up where you can get out with no penalty. It really is a board rate plain jane fd ... merely with some mascara and striking lipstick to attract hot-bloooded alpha males tongue.gif ie the 11th and 12th mth boosters. Look at note(b) of the T&C ...

I'd rather go for the 3/6/9 or 6/12 PBB stepups with eff rates of 4.11 & 4.18%

This post has been edited by okuribito: Jan 30 2015, 10:09 AM
okuribito
post Jan 30 2015, 11:15 AM

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wahhhhh today only find out uob so goood. they say no need to split into multi certs because can do partial withdrawal... balance not wdrawn can continue on same terms.

summore banker chq 65sen cheaper than ibg $1 biggrin.gif
okuribito
post Jan 30 2015, 07:17 PM

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QUOTE(bbgoat @ Jan 30 2015, 05:42 PM)
Is yours 4.2% (>50k)or 4.1% promo ?  hmm.gif
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actually musical chair out today tongue.gif chatting with them only. they say the 4.2% today last day. but diff 0.3% die die sat'day maturity also cannot resist blush.gif uob cny offer 4.1% only. I saw ambank banner also 4.1%. now nexona say risk of bnm might cut opr (i think bnm might forced to follow s'pore mas loose monetary policy) better lock in longer term shakehead.gif

3/4 more working days to go to lock in 15mths! If miss that, there's pbb's 6/12 stepup till end feb brows.gif

This post has been edited by okuribito: Jan 30 2015, 07:35 PM

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