Ocbc
12 months 4.2% vald till 28 Feb
6 month 4%
13 months effective rate 4.15% pa
3 month Islamic 3.8%
*valid till 31 Mar 2015.

Above is from RM, my guess is except 12 months 4.2%, the rest valid till end March

errr why you're quoting mine?

your updates can be standalone post, has nothing to do with Ambank's promo.

so it's mean RM5+RM0.50 = RM5.50? or just RM0.50

Bank absolve RM5, we pay RM0.50.

wah so nice The "old" Maybank I know love to "suck" people $$ by charging every single services they offer

Just early of Jan, FOC for banker's cheque lah. Now pay RM0.50. Still better than some banks that charge RM2 to RM5 for bankers' cheque.

Yes, you are correct...it is just that many banks Jan promo ends and members may look for Feb promo. Since Ocbc promo is effective Feb and I thought it may be easier for members to make comparison or reference...the front page is comprehensive and some searchings are required to compare.

Bank Negara Malaysia (BNM) is likely to maintain its overnight policy rate (OPR) at 3.25 per cent into 2016, said Standard & Poor’s (S&P) Ratings Services today.

haha let's hope their prediction holds. put this way, chances of lowering rates is higher than of raising rates at the moment (imho, though we like it to go up, the majority will scream if it does)... therefore if they maintain rates is already "good" hmmmm now feel like frog in sauna, slowly boiled to death

ps: nice avatars

In BR today to uplift FD to move to SCB tomorrow. Despite Exclusive card, still charged RM2 IBG charge. Admire magika able to get free RENTAS some more.

But must admire the speed that the transaction was done, all within 10 minutes ! Though the counter lady covered her face upon seeing me (as she knows it is for withdrawal). Ha ha ha.

This post has been edited by bbgoat: Feb 4 2015, 01:59 PM

GF or dream girl photo ?

So I am happy of locking in 4.5% with AmBank. Except may not be enough ?

Anyway, not a good idea to wait for rates to go up as some have done. Lock in for FD with high rates. Too many short term FD while waiting for rates to go up may not be good as you "lose" out on interest rate as time passes. But each will have their own perspective on this.

just uplift my FD from UOB, bankers cheque charge RM2.65
since ocbc 12m 4.2% is still ongoing then most likely will deposit with them

Yup, better to hold at current level than unexpected reduce rate like RBA @ Australia did

u think

Regarding the waiver of RM 5 cheque fee, is this applicable to every customer? I could not find this info in MBB website...

Do you know what is the interest rate for premature withdrawal?

So UOB ended the 4.2% since 31/1 (50k min) ?

Looks like they are the same as MBB charging add'l 50 cents for banker's cheque. They used to charge RM0.15 in Penang while some has reported RM2.15 last year.

See below under banker's cheque, Captain's blog:

http://generationsxyz.blogspot.com/p/fixed-deposit.html

This post has been edited by bbgoat: Feb 4 2015, 06:07 PM

OCBC still ongoing?? Didnt stop on end-Jan?

Should be for all customers. Please see Captain's blog for more info on banker's cheque fee. But he mentioned RM5 or RM5.15 which need to be updated for MBB.

http://generationsxyz.blogspot.com/p/fixed-deposit.html

You mean SCB or in general ?

Bro, I just came back. To add to above, nowadays have to add another RM0.50 service fee for banker's cheque from any bank. Last time, I got MBB cheque, cost me RM5 plus RM0.50 service fee because the amount was debited from my Savings Account.

UOB used to charge me RM5.15 for a banker;'s cheque, now not sure how much. But some lucky people in Penang were not charge previously with UOB.

OCBC 4.2% offer still valid.

And I got a sms while I was overseas from RHB - "Enjoy 4.2% p.a. on our 12 months FD. For info, please contact your relationship manager. T&C Apply." Most probably I will drop by RHB soon to get CNY Ang Pows from my RM and will update on the offer.

You are correct, banks are charging 50 sen service fee for every cheque issued. That was the new BNM ruling personal and banker cheque.

Citi bank charges RM2 + 50 sen + 15 sen = RM 2.65 for a banker cheque