seems like public bank really like rolling game

12M effective rate 4.21%
[attachmentid=4377125]

Wah, yours also not credited ! I received a call from SCB yesterday and he said, by right, it is automatic and don't know why it is happening. He said will call again this morning after checking so I am still waiting for his call.

Oh.. you should receive your interest on 15th..
Now 4 days already, something is wrong with SCB..

One happy family. Placed on 16th, checked SA = zero ringgit inside.
   

Hi,

I want to ask for the SCB FD, my mother told me this.
Is this true? I thought it is a pure FD for 15 months with 4.5% interest? The T&C clearly state for new customer. So if I am not a new customer, am I eligible for this promo?

The Just One account can be opened with no zero deposit (don't let the officer trick you by saying it is compulsory). I am not a new customer and I have made placement for this promo too.

Damn CIMB Damansara Heights.  Tell me no FD promo.  Only the one with FD & Unit Trust joint promo.   Take my money got OCBC better!

Thanks for the update.... 
It is unbelievable and quite bad for a bank to have mistake like this; SCB should compensate
for our loss of daily interest...      Otherwise... 

Ah Goat Sir,
I have nobody to call since my previous RM left SCB last year December.

But anyway, the service level of SCB RM (the same as OCBC) is based on if we buy
any investment products from them or not; in other words, we will get good service
from RM if we buy investment products; otherwise, no service... 

For example like SCB's Bonus Saving promo, this promo is quite attractive to me but the
T&C are very very confusing, and only RM can explain the T&C. So for my case, I have to
study the T&C by myself.

About to fix no interest issue, I called to SCB help line yesterday, the leng chai asked me
to talk to branch..
I have the shortie branch manager mobile phone number, but he never pick-up calls.
So, it seems I have to visit the branch which is far away from my place..

I did a google search for SCB retrenchment, and accidentally found this on lowyat:

Start of recession?, Standard chartered Malaysia retrenching
https://forum.lowyat.net/topic/3463284/all

All this was due to system problems & they don't even bother to pre-inform the customers or be terribly sorry or provide some compensation.

So in summary we always need to be vigilant & check (not sure if such things ever happen in other countries)

Update on the SCB interest issue.

My interest will be manually credited by the branch and will be changed to option 2 or 3.

I have also reminded them to check on other deposits with option 2 or 3. So for those with option 2 or 3, please share if your interest has been credited as as I have few certs with such option coming up end of this month too.

U should use maybank which is faster

1. Maybank2u sets a RM5K limit per transaction, not daily limit, and we can transact 12 times for each RM5K, on the very same day, to achieve the RM60K limit.

2. MBB cheques of more then RM5K can now be made payable to EPF. However a cheque payment to EPF will take 7 working days to "clear".

3. For both cash & m2u deposits, the EPF "clearance" date is the next working/banking day.

4. EPF has set a RM5K daily limit for cash deposited OTC. However the m2u RM5K x 12 times can easily override this!

5. The dividend for any deposit made during the month starts on the very last day of that month, provided the next/7 working days "clearance" is within that month.

Yes, I did post these some time ago but was just answering bbgoat's Q's... 

Then I quickly call up the call center, and the guy told me not to worry about it, it was just a procedure as mine is under Islamic.  

Do you all receive this message as well when you sign up for 4.5% 15m?

Thanks for the update !

I called my RM. He claimed that my interest need BM approval to be manually keyed into my account. As BM out until tomorrow, hopefully I will get mine tomorrow or so. He will get back to me later. I asked him to check if my other FD certs will have the same issue.

He claimed that it is due to the teller keying in "interest to be deposited upon maturity" causing this FD promotion issue. I did not want to pursue this further so long as they give me the interest soon. Ha ha. 

So for those affected by this issue, either call your RM or go to the branch to get it settled. 

Wow, checked my SCB JustOne acct. In the saving acct, interest credited !!   

@Human Nature, did you receive yours ? 

Update: Found received interest for FD due today but earlier 3 FD's interest not yet credited. So will call the RM again if still not received by Friday. 

so, it means that we dont even need to declare? 

no wonder some people told me, don't place above 100k FD/cert.. try to do below 100k/cert 

Checked after reading your posts and yes, it has been credited today.

25/03/2015  RFD FD INT-xxx         MYR  353.97

I used the online FD calculator to check and this corresponds to 152 days, so lose about RM66 due to no interest on weekends.

My big one will be on 29th March, under the 4,25% 18m promo.