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 ?

Welcome back !

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 ?

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.

The add'l RM0.50 should be cheque processing fee charged starting Jan 2015.

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.

In SCB to place the second 15 mth 4.5% FD. The leng lui said likely that the FD promo will continue after this week. SCB did not advertise in newspaper for the current FD promo. So not many people knows about it. Leng lui said if I want to place more FD for current promo to call her to get another approval.

Today again photocopy ic, sign T & C etc. But suprisingly all over within 15 minutes. Last time >45 minutes ! Leng lui again asked if someone called and asked about her service, to give her 10 points. Ha ha ha ! But so far never receive any calls despite being there >8 times.

Also went to Penang Paragon to open HL Mach account. Placed RM50 to open the money box and linked to my HL accounts. So, ready for any Mach FD promo. But heard that they open up second Mach branch in Penang Queensbay.

This post has been edited by bbgoat: Feb 5 2015, 09:22 PM

Just read some newspaper saying EPF dividend payout for 2014 may be between 6.4% to 6.7% !!

The KWSP will announce the dividend payout next week.

This post has been edited by bbgoat: Feb 5 2015, 09:46 PM

lol

Yes, this benefits current amount in EPF. Also encourage us to deposit max 60k (self contribution) per year in EPF.

But other than that, FD promo still important !

This post has been edited by bbgoat: Feb 5 2015, 10:34 PM

For our savings, we have to depend on FD promo (other than UT, stocks etc). Cannot have all in one basket also.

Your aim is to put everything in the EPF self contribution ?

Actually in Paragon to look at the Swiss Watch exhibition. Then remember the HL Mach there. Was surprised as it would have been nearer for me if I opened in Queensbay. The Paragon Mach leng lui said the new branch opened on last Sunday ?

Small amount each visit. Plus it is from last year till now.

Wow, special service, must be BIG customer of SCB.

This post has been edited by bbgoat: Feb 6 2015, 08:07 AM

Found that Penang HL Mach new branch in Queensbay grand opening 8/2:

https://www.facebook.com/QueensbayMall/phot...?type=3&theater

Joined HL PB to enjoy RM0.15 fee for banker's cheque (now RM 0.65 ?).

In Affin Bank today and got decent Ang Pow packet. Looks better than Citigold Ang Pow packet.

This post has been edited by bbgoat: Feb 6 2015, 05:20 PM

Max 30k ?

Min 5k, max 30k.

This post has been edited by bbgoat: Feb 6 2015, 08:11 PM

Same to you too magika !

But not yet formally announced.

Yeah, some of us have plunged for some years. Myself 2 years and @magika 2 or more years ?

Yes, last year checked for 2013, did have but it is pro-rata based on the month you bank in.

If I remember correctly, @magika (High & Mighty Magician who get free RENTAS from BR ) said deposit few days before end of month, no need too early in the month (no interest for the month) something like that.

So max 60k enjoying high interest (to those that said why put in banks while EPF gave the highest rate as compared to banks ).

This post has been edited by bbgoat: Feb 7 2015, 10:38 AM

I understand your calculation. But I beg to differ in the sense that if one banks in for the month of Feb, from that time on you still enjoy the declared interest (pro rata). Cannot say divide the way shown. It is as if we put in the bank, the interest rate count from when you put it in.

This post has been edited by bbgoat: Feb 7 2015, 11:14 AM

Yes, that is true. But you still get higher rates than FD. Also longer term going into subsequent years if the trend holds.

I think we are not talking about exactly 6.75%, anything above 6.35% is already higher than last year.

This post has been edited by bbgoat: Feb 7 2015, 12:28 PM

Wow, you are fast !

So it is really 6.75%. News portals are reporting this now !

Yes !

EPF i-acct updated with the dividend. 6.75% WOW !

This post has been edited by bbgoat: Feb 8 2015, 10:58 AM

No idea on that. But the form we fill up for the deposit I don't think there is option to specify that. Likely cannot specify that.

@magika, what do you think ?

Few banks offering that like BR, AmBank, HL Bank Islamic etc doing that. But some have certain conditions, please check or call them first.

Hoping and waiting for OPR to go up is just a "hope". We can wait but still need to put available money at those FD rates which are reasonably high at the moment.

This post has been edited by bbgoat: Feb 9 2015, 03:49 PM