Bro, no new FD Promos to go talk about. Last few pages mostly about SCB interest not being credited. And since I did not go for SCB FD Promos, I got nothing to complain about and let go some steam here, hahaha.

By the way, CIMB, HLB and MBB DO NOT impose any penalty if one's AUM falls below the required amount. They will simply revoked the PB status.

And you are right, I have been busy producing another article in regards to credit cards. And this time you should go read it and maybe can earn yourself a FREE Business Class ticket to Europe and maybe USA too (best when MAS resume their flight to LA and not go with Code Sharing especailly Cathay and get stuck in Tokyo for hours - unless you want go shopping there).

Click here and read my Comprehensive Tutorial On Earning Enrich Miles with The Best Credit Cards and you may actually find that chasing after owning the right credit card is more rewarding that chasing after FD

That's the problem most people will face including me where my FD will be depleted soon

The longer we live, the more money we need now in our savings. Also with longer lifespan, government all over the world getting poorer as they have to pay more pensioners.

above you quoted... grand holiday, new house, kid's car/house,

well, if one needs his EPF money for the above at age 55, he will big in deep trouble when he is 60.

As for children's education, EPF allows one to withdraw their money in one of the accounts anytime for the purpose of their children's education, their medical expenses and to pay off their housing loan periodically.

Moreover, you guys jumping the gun, EPF currently allows partial withdrawal at age 50, maybe they will revised it to age 55 or maintain it at 50.

The point is - there is a concern now on how retirees are going to survive if they retire at age 60 and have less than RM198K which can only sustain them for 20 years IF and a very BIG IF they only withdraw RM820 a month which is below the poverty threshold!!! And if you read on, 68% of current EPF members age 55 has less than RM50K and they are going to retire in 5 years time. RM50K is not a lot of money and I doubt it can even last 5 years.

hahaha, really got no FD matters to discuss, we go talk about EPF.

PBB 4+4 unless you have AmBank Signature then works out the same. Also note, PBB 4+4, the second 4 months rate can go up or down.

Did you know that if one has RM6 million in EPF, he/she can withdraw RM5m anytime! Or something like that where one can start withdrawing once they have RM1M - No need age 50 can start withdrawing.

I thought OCBC and UOB automatically set the maturity date to that on a working day - i.e. their system will take into account Saturday, Sunday and Public Holiday and the maturity date shown when you place FIxed Deposit with them would fall on a working day.

Of course Bro, they will pay you interest until the first working day. It's your fault if you go on the second working day or thereafter unless you have given prior instructions for it to be renewed where the commencing date will be on the day it was supposed to mature and you continue to earn interest at board rates from this said renewed date

This post has been edited by Gen-X: Apr 14 2015, 10:20 PM

Thanks for the report.

Yah, yah, tell OCBC their FD promo lousy.

UT 7% not guaranteed........

Nowadays banks want to know source of our funds

Last time another member mentioned he wanted to place a FD with OCBC but they told him to "balik kampung" and place the FD with their branch near to the address shown in his NRIC.

Yesterday I went and withdraw my money from UOB in cheque and cash forms. They also wanted to know why I taking out the money, For the cheque, I said to go deposit with other Bank's FD Promo. For the Cash, I said I going Genting And they actually keyed into the system what I said

I then when over to MBB to deposit the cash into my Savings Account with the teller (as I wanted the money ready for Q-Cash first thing in the morning today), and they made me fill in a Declaration Form stating the Source Of The Fund As for the Bank Draft where I placed with MBB Promo, no question asked.

Nowadays, banks very fussy where Source of Our Funds come from, especially if you are new to them.

Wah, google your name! This one really high tech, hahaha.

Next time ask them google bbgoat then they know you go there for eyetertainment

As of last Friday, Maybank 3 FD Promos still running, click here to my FD Page to see them.

cybpsych posted earlier MBB's 4+4 ad and it states until 24th April 2015. But MBB FD Promo sometimes ends it earlier once quota reach and from previous reports by members here, sometimes depends on the branch too.

4% for 3 months really good. Thanks for reporting. Will update first post.

Except for MACH and Alliance currently.

Yah, I guess that's the reason. FD promos are to attract fresh funds.

I just got a call from Maybank, they have a new FD Promo 3+3+3 starting today BUT I cannot remember the effective rate Will update later this evening as I'll be seeing my RM later.

___________

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This latest production of mine will not only allow you to enter my sick imagination, but by reading this magnificent soon to be best seller Fiction Novel, it will have a lasting impression on the way you think and will change your life forever, regardless of what stage in life you are currently at.

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And of course you are to practice critical reading and not to skim through text and also never believe 100% what is posted on the internet.

Bro, my latest Fiction Novel ebook also touched on the matter you described above.

Earlier I mentioned MBB got new Promo 3+3+3 - total 9 Months. The effective rate works out to 4.15%

Good question. Need to go to Syariah Court to get the money? And as for beneficiary, maybe it should be beneficiaries???

Pretty good for 6 months. Added to post No.1. Thanks.

OCBC should have just extended their 4.2% promo like UOB did earlier this month. OCBC takes weeks to match UOB. UOB will within a week adjust their rates to match OCBC.

I can tell you from experience, UOB managers can get immediate answers from HQ, OCBC pulak the managers will say HQ people busy or in meetings, one or two days later only give answer.

Hi guys, I just updated Post No.1 and my Fixed Deposit Page.

FYI, Maybank is also still offering Step Up 3+3+3 (total 9 months) effective interest rate 4.15%. As usual, Maybank promo until quota reached.

And I noted that BoomChaCha doing a freaking impressive job for Post#2 where he has taken the trouble to list so many FD Promos.

Side notes - while I was away I read that MBSB profit took a dive whereas most commercial banks reporting record profits for the last few quarters. Also KFH planning to exit Malaysia.

Maybank, RHB and UOB seldom advertise their straight forward FD Promos Interest Rates in their websites.

If you walk into a RHB or UOB branch, usually they will have some pamphlet on their FD Promos and most of their staff are briefed on the promos.

However, for Maybank's case, not everyone in the branch may be aware what FD promos are being offered. Sometimes, Maybank can have more than 3 FD promos running concurrently, and in some instances, similar FD promo for conventional and Islamic banking. Click here to read my article Get More FREE MONEY With The Right and Best FD Promo - in this article I touched on Maybank "secret FD promo" where I first learned about it from members who reported about it in previous FD thread, i.e. from MGM and bbgoat. I had to speak to different people at a Maybank branch to learn about the T&C and to top that, the T&C varies between branches.

So, the best place to find out about latest FD Promos is to come to this thread and read Post#1 and especially Post#2 by BoomChaCha and also visit my Fixed Deposit Page and then call or go to the branch to check them out.

For your info, the Maybank 3+3+3 (9 months) FD promo effective rate 4.15%, the conventional promo ended as quota reached; but as of yesterday, it was still being offered under Islamic Banking. And minimum fresh fund RM25K (previously MBB FD Promos require minimum fresh fund RM20K but recently they increase it to RM25K). And Maybank FD Promos are opened to companies and societies too.

This post has been edited by Gen-X: May 22 2015, 09:52 AM

Bro, for convenient in the event of emergency, I prefer Statement Based FD. However, with Statement Based, every months I get tons of statements from UOB as I have so many accounts with them.

And Bro, I so "gatal" that I just got myself the Maybank Premier Wealth MasterCard Debit Card. However, with me having this card, I need to maintain the minimum AUM or else I will have to pay RM800 fee!!! However my RM told me don't worry as she can always waive it and she assured me that I will get new FD Promo rates in the future without needing to meet the "fresh fund" condition. To see the card - click here to my article title My Maybank Premier Wealth MasterCard Debit Card and Eraman Privilege Card PLUS Maybank Deposit Products to Pay Your Credit Cards Bills.

This post has been edited by Gen-X: May 25 2015, 10:46 AM

Bro, that's is why I also mentioned many times that I am a very good boy that obeys my wife so that she is not pissed off and and shower her with gifts go that she doesn't withdraw all my FD without my knowledge and go on a shopping spree, hahaha.

Wah, need to make public announcement I'm back, hahaha

Okay guys, new thread starts tomorrow 10am.

However, with sadness, I have to announce that Admiral BoomChaCha is unable to continue his fantastic compilation of latest FD Promos in V9.

I take this opportunity to thank BoomChaCha for his sacrifice and time in updating the latest FD Promos in Post#2 of this thread.

So, tomorrow, for Post#2, we need a new volunteer to continue BoomChaCha's work......... anyone interested? If yes, go reserve Post#2 tomorrow. Well, actually, if any of you regulars are willing to update latest FD promos in Post#1, you can go start V9 now as you guys know I am not so active nowadays.

You are right, people who deposit with MBSB should be concerned. Recently it was reported that their last quarter profit took a dive compared to previous quarters.

And it is no surprise why the above is so.... BNM have taken steps make it more stringent for people to get Personal Loans. People who has money in BR should be equally concerned.

Those of you who are now aware how bad MBSB was in 2008 -2009 should go find out. They only managed to turn around because there were allowed to milk dry civil servants with Personal Loans. If we face another Recession, I'll be worried if I have money in MBSB.

Talking about Economy Collapse, go google "Shemitah Years". And if we do face another Recession, Cash Is King!

Deleted

This post has been edited by Gen-X: Jun 9 2015, 10:18 AM