MAY I KNOW WHAT IS MEANING " CASA required"?

CA - Current Acc
SA - Saving Acc

ANYBODY PUT IN AFFIN BANK?

The $*@! CS guy at SC call centre ought to be sacked...give wrong info. This is the issue with CS staff who give wrong info.
Aiyah...anyway, no loss for me, I got the same rate altho for 12 months at CIMB.

I sure no have RM1M
I was a preferred customer at CIMB but due to musical chair game had shifted funds and officially not a preferred customer.
* But the staff so familiar with my face, see me, oto give me Q no for preferred customer..I suspect they din know I no longer preferred customer *

Actually , was on the way to OCBC when the RM called. I said, Can u beat OCBC's 4.2%? Then she said ok - 4.25%; their new promo rate. She din say if it's for preferred customer or need certain amount. Now I am "preferred" again. My experience with some banks is that depending on their position, some of their TnC can be varied.

This post has been edited by ??!!: Jan 23 2015, 11:44 AM

Can I know if I open an FD account with a particular bank - I would also need to open a SA to have the interest and FD amount to be credited when it matures (lets say 12 months) - and after that i withdraw all and want to close the account.. will I have to pay to close?

Individual type can put joint name?

Can.

I did, why?

Can i ask a silly question, let said i put in FD not enough 6 months or 1 years then withdraw out, i only lose interest right and no lose on principal?

of course!

some FD/bank gives 50% interest rate, so do ask the bank for early withdrawal.

Split the FD into few receipts helps to mitigate interest loss.

CASA is not necessary for some banks. I opened with Ambank for their 6 months @ 4% promo with no account opened. Just an FD cert. When matured, you can close that FD, the principal + interest shall be paid to you. Some banks charge for the bank draft if I'm not mistaken.

CASA is necessary for public bank FD or not ?

Just park extras into FD here today hehe...

Not need 1500 deposit.

Not for new customer only.

Require CASA - for interest deposition upon maturity.

Tho spent quite some time for processing, but worth it

can share which branch?

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% !! 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. 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 !

This post has been edited by bbgoat: Jan 23 2015, 08:24 PM

Maybank is required CASA?

PB not sure. Maybank required ..

How about Hong Leong?

Walaooo weh, you think we all full time bank stalkers meh?

Few months ago, HL FD that I place didn't require.

This post has been edited by McFD2R: Jan 23 2015, 09:31 PM