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

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bbgoat
post Feb 4 2015, 09:51 PM

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QUOTE(Gen-X @ Feb 4 2015, 06:30 PM)

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.

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Welcome back ! rclxms.gif

UOB in Penang has been charging me RM0.15 for banker's cheque issued from matured FD. But this year onwards may be RM 0.15 +0.50 ? hmm.gif
Human Nature
post Feb 4 2015, 10:58 PM

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haih..so CIMB will be 5.65 too
okuribito
post Feb 5 2015, 12:09 AM

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PSA ... SCB 15m 4.5% promo last day this Friday! 2 days to go!
tbheng
post Feb 5 2015, 07:38 AM

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QUOTE(tbheng @ Feb 2 2015, 04:19 PM)
Went to AmBank branch at PJ to put some more 3yr 4.5% FD... Alas, it was just ended 2 days back!  doh.gif
My fault for not realizing the end date. Lucky the queue was fast.
Preferred AmBank for its half yearly interest and locking in for longer term as the OPR outlook is not going up...

No choice to resort back to SCB 15mth 4.5% FD. Waited for > 1hr to be served.  doh.gif They say "Sorry sir, today holidays, more people!"
When served... another drama starts... "Sir, HQ not working today, BNM not open today, can't process your cheque to place FD!"  doh.gif  doh.gif

I could only pre-signed the FD form, the branch will process my FD only on Wednesday.
I requested and they will ask HQ approval on : Backdate FD to start from today; split to multiple certs and uplift to JOC upon maturity.
They will then send me the FD certs. JOC opened without deposits.

Lucky it is my personal cheque and not banker's cheque... I will transfer the money back to my SA to get 2 days interest@2.45% first.  tongue.gif
If HQ agree to start my FD from today, I untung 2 days interest. Haha.  laugh.gif
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UPDATE:
SCB leng lui called and processed my 15mth 4.5% FD yesterday.
Managed to get the FD started on 2nd Feb (as shown on online banking). rclxms.gif
I made 2 days (2-3 Feb) extra interest as I put the fund in my mbb saver acct with 2.45%. cool2.gif

And with "Renewal Instructions: (3) Credit principal and interest to same currency account number."
Save my visit and the cost of banker's cheque when uplifting.

I have been requesting for this for most of my recent FDs instead of let them auto-renew at board rate.
At least I still get some interest in my CASA if I could not visit the branch to uplift on maturity date. Or save my effort to "fight" for interest if maturity fall on non-banking day.

This post has been edited by tbheng: Feb 5 2015, 07:40 AM
dEviLs
post Feb 5 2015, 08:33 AM

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QUOTE(bbgoat @ Feb 4 2015, 06:05 PM)
So UOB ended the 4.2% since 31/1 (50k min) ?  hmm.gif

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.  smile.gif

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

http://generationsxyz.blogspot.com/p/fixed-deposit.html
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QUOTE(gsc @ Feb 4 2015, 07:47 PM)
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
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Breakdown of UOB charges:
Service charge RM2
Stamp Duty RM0.15
Cheque Processing Fee RM0.50

Total RM2.65

QUOTE(familyfirst @ Feb 4 2015, 06:08 PM)
OCBC still ongoing??  Didnt stop on end-Jan?
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thats what I heard, will try my luck tmr
bbgoat
post Feb 5 2015, 08:51 AM

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QUOTE(dEviLs @ Feb 5 2015, 08:33 AM)
Breakdown of UOB charges:
Service charge RM2
Stamp Duty RM0.15
Cheque Processing Fee RM0.50

Total RM2.65
thats what I heard, will try my luck tmr
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UOB charges seems to be different for diff location. Captain has mentioned this I think 2 years ago also. In Penang, have been charged RM0.15 up to last year. I was told if FD to banker's cheque will be RM0.15 only. So far this year no redemption yet. So not sure will be RM0.65 or not. hmm.gif

The add'l RM0.50 should be cheque processing fee charged starting Jan 2015.
truelife
post Feb 5 2015, 08:54 AM

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I have FD with OCBC maturing 19/2/15. Because of CNY and weekend, the next working day is 23/2/15. If I uplift the FD on 23/2/15, do I get interest for 19/2-22/2?

This post has been edited by truelife: Feb 5 2015, 09:00 AM
dEviLs
post Feb 5 2015, 08:58 AM

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QUOTE(bbgoat @ Feb 5 2015, 08:51 AM)
UOB charges seems to be different for diff location. Captain has mentioned this I think 2 years ago also. In Penang, have been charged RM0.15 up to last year. I was told if FD to banker's cheque will be RM0.15 only. So far this year no redemption yet. So not sure will be RM0.65 or not.  hmm.gif

The add'l RM0.50 should be cheque processing fee charged starting Jan 2015.
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i think banks tend to have differential treatment for clients with higher net worth..ordinary client like me will not get special rate sweat.gif
MGM
post Feb 5 2015, 09:02 AM

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Bank Negara to maintain benchmark rate at 3.25pc into 2016.

http://www.nst.com.my/node/71363
bbgoat
post Feb 5 2015, 09:12 AM

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QUOTE(dEviLs @ Feb 5 2015, 08:58 AM)
i think banks tend to have differential treatment for clients with higher net worth..ordinary client like me will not get special rate sweat.gif
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For the UOB banker's cheque, I think not related to acct we have there. Captain also paid RM5.15, while I paid RM0.15 in Penang. biggrin.gif
cj7lee
post Feb 5 2015, 09:15 AM

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QUOTE(bbgoat @ Feb 4 2015, 06:11 PM)

You mean SCB or in general ?
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I meant the BR, for other banks I understand they follow the ABM rules (though I do not know the details).
LostAndFound
post Feb 5 2015, 09:28 AM

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Any better offer for 3-months than OCBC Islamic, currently?
nubJeff
post Feb 5 2015, 09:32 AM

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QUOTE(LostAndFound @ Feb 5 2015, 09:28 AM)
Any better offer for 3-months than OCBC Islamic, currently?
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Hi bro, currently UOB offering 3 months 3.88% and free gift of Royal Selangor Tea Caddy brows.gif
LostAndFound
post Feb 5 2015, 10:37 AM

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QUOTE(nubJeff @ Feb 5 2015, 09:32 AM)
Hi bro, currently UOB offering 3 months 3.88% and free gift of Royal Selangor Tea Caddy  brows.gif
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Wow, will sure look into that! Thanks
ftan
post Feb 5 2015, 10:38 AM

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QUOTE(nubJeff @ Feb 5 2015, 09:32 AM)
Hi bro, currently UOB offering 3 months 3.88% and free gift of Royal Selangor Tea Caddy  brows.gif
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Looks good. How much minimum deposit?
ciohbu
post Feb 5 2015, 10:54 AM

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QUOTE(dEviLs @ Feb 5 2015, 08:33 AM)
Breakdown of UOB charges:
Service charge RM2
Stamp Duty RM0.15
Cheque Processing Fee RM0.50

Total RM2.65
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after April need to add in another 6%
dEviLs
post Feb 5 2015, 11:05 AM

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QUOTE(ciohbu @ Feb 5 2015, 10:54 AM)
after April need to add in another 6%
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will that replace the stamp duty ?
from the breakdown it seems the total fees and charges is RM2.50
the stamp duty so happen is exactly 6% of RM2.50, which is RM0.15 hmm.gif
ciohbu
post Feb 5 2015, 11:09 AM

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QUOTE(nubJeff @ Feb 5 2015, 09:32 AM)
Hi bro, currently UOB offering 3 months 3.88% and free gift of Royal Selangor Tea Caddy  brows.gif
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any ref or link to this promo ? cant seems to find it in uob website

thanks smile.gif
nubJeff
post Feb 5 2015, 11:23 AM

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QUOTE(LostAndFound @ Feb 5 2015, 10:37 AM)
Wow, will sure look into that! Thanks
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QUOTE(ftan @ Feb 5 2015, 10:38 AM)
Looks good. How much minimum deposit?
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QUOTE(ciohbu @ Feb 5 2015, 11:09 AM)
any ref or link to this promo ? cant seems to find it in uob website

thanks  smile.gif
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Hi all, could you all provide me your email address through PM? I will drop you all the email with the attachment of promotion champaign and more details on it.

Sorry my office PC can't attach the file here lol.
LostAndFound
post Feb 5 2015, 03:22 PM

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QUOTE(nubJeff @ Feb 5 2015, 11:23 AM)
Hi all, could you all provide me your email address through PM? I will drop you all the email with the attachment of promotion champaign and more details on it.

Sorry my office PC can't attach the file here lol.
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PMed

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