Ya I was thinking if it is true, then the OCBC rate will be even better than SCB. Then changing my plan to put another one in SCB.

The Captain has mentioned before that UOB and OCBC "fighting" for depositor. UOB also has 4.2% 12 mth 50k min. But SCB 4.5% 15 mth still the better one IMHO. I changed my plan for AmBank 3 yr 4.5%.

Ya, I am British educated as well. I know there is some gray area in the usage of "fag" vs American usage of "gay". But you know I am attracted by leng lui. Ha ha ha !

Poor man struggling in life, not debt free (depends on how you see it, in case someone challenged me later) as some people are, can get loan to buy better smart phone ?

I am lucky that I have FD spread throughout the year that can be used. Also last year resisted to put some FD long term though FD promo started to breach the 4% level like SCB, MBB etc. So hopefully the 4.2% to 4.5% or higher will be coming as my short term FD matures.

This post has been edited by bbgoat: Jan 28 2015, 10:54 AM

It has been mentioned SCB FD promo is until 6/2 or 600 mil target. But looks like not many people know about it as not advertised in newspaper. So, may be extended ??

Thank you, "GOAT" more properties and prosper even more !! Ha ha !

Ya loh, bank will not give out loan so people can put into FD to gain bullets !

Ah Boom, come here more often la, you !!

All of us getting older now. Hopefully getting older, smarter and fatter (in the pocket not the belly) !!

This post has been edited by bbgoat: Jan 28 2015, 12:18 PM

As expected, BNM maintained OPR at 3.25%.

http://www.bnm.gov.my/index.php?ch=en_pres...ac=3143&lang=en

This post has been edited by bbgoat: Jan 28 2015, 09:29 PM

In CB to see RM to review UT. At the end, after changing some UT products, was given FD 1 mth 9.18% placement (up to amt of UT product switched) . Still need to consider as SCB promo of 15 mth 4.5% ends soon. CB 1 mth very good but may not go for it. Has 2 weeks to decide.

Collected first Ang Pow packet from CB.

This post has been edited by bbgoat: Jan 29 2015, 02:38 PM

Their design not that good for past few years already. Some flowery, 2 tone front and back. Not for younger generation. Haha.

Yes, today CB also tempted me with the 9.18% FD 1 month AFTER I have switched some UT products. Luckily still have some fund that I can put there to enjoy this high 1 mth interest. Also will put into SCB second placement 4.5% but have to get their HQ approval.

3 weeks ago when I placed for the 4.2%, wanted to split, initially was advised that no need to split. Can always terminate some amt of the FD and the remainder will continue the promo rate. But later at the end the leng lui said because it is a special rate of 4.2% instead of 4.1%, may not get it if premature withdrawal of partial amt. So ended up still split the FD.

Is yours 4.2% (>50k)or 4.1% promo ?

No worry. First they told me can inform them and hold for few months on PB status if fund <250k (monthly charge RM100). Was in MBB today talking to their funding exec, their Private Banking/Premier Wealth will charge RM800 per year if acct drop below 250k. But so far they did not do that as customers will run away. That is what she said.

Also some promo from SCB may keep you there. For JustOne, don't keep any inside so nothing for them to deduct.

Saw news that EPF may be giving out dividend of 6.35% to 6.45%. Copied from malaysiakini.com:

"The dividend last year was 6.35 percent. A dividend more than 6.35 percent would make it the highest since 1999, where the dividend was 6.84 percent."

Past history pay out:
http://www.kwsp.gov.my/portal/en/web/kwsp/.../dividend-rates

This post has been edited by bbgoat: Jan 31 2015, 08:47 AM

Thanks for the info. But they deduct it from your SA or JustOne acct ?

So by not keeping anything in there, can we avoid the "penalty" ? So far my FD there can "last me" until mid next year.

But second placement for the promo need to get HQ approval.

I was thinking of joining AmBank PB. Did they explicitly say if balance fall below 200k or 250k (not sure of the figure), there will be monthly charges ?

When I placed my FD for 4.5%, the leng lui told me cannot split to multiple FD cert. Later one forumer said can get HQ approval.

Today I asked the leng lui again for 2nd FD placement, she said got HQ approval already but "subject to promotion still ongoing". Their promo supposed to end on 6/2 Friday. Forgot to ask her to get approval for splitting FD cert. My RM has not come onboard yet as just signed up recently (though has met him for a talk). Not sure will regret if get monthly charges of RM100. Have declined to join the PB few months back when the leng lui tried to ask me to sign a form for PB.

Interesting. I have no experience on CASA showing negative balance. Just heard if SA drops to <0, close acct. Haha.

I also avoided joining PB for AmBank despite the branch asking. No point lah, have to worry about the charges if AUM falls to below threshold.

I know HL allows AUM to be minimum 50k before charging or cancel PB. CIMB implement charges if AUM <200k.

This post has been edited by bbgoat: Feb 2 2015, 08:01 PM

Today was in MBB to uplift FD. Have to pay 50 cent for the processing fee for banker's cheque. Used to be free. Was told bank absolve the RM5 cheque fee and customer pay 50 cent for processing fee.

But found that MBB do pay the additional interest over Sat/Sunday. As the FD matured on Saturday, they paid me 2 add'l days of interest.

This post has been edited by bbgoat: Feb 2 2015, 08:08 PM

Bank absolve RM5, we pay RM0.50.

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.

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.

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