Can.
https://www.ocbc.com.my/personal-banking/Ac...rs-account.html

What's the point of a SA if you cannot withdraw? Upon withdrawal, it will fall back to 0.5%p.a for that month. 0.5% is one of the worse SA interest.

Well I am open to ideas on how you beat the above.

People here are looking for SA which give high interest and let you withdraw.

.

This post has been edited by aromachong: Nov 3 2016, 04:06 PM

If you are here for savings, better go for eFD or even Maybank eGIA-i as shown above.

My strategy as well. Anything more than rm1k, I'll put it in mbb gia-i. Now still looking for somewhere to park funds for less than rm1k.
Might probably park at ocbc smart Savers, and if that month there's withdrawal, I'll just transfer the balance all over to truesavers to enjoy at least 1.8%. Anybody has better idea? The rhb one looks not too great. You need a year to get 2.65% and monthly topup of Rm500. Who knows when you've just reached that 2.65% mark, they decide to change it to a lower rate


Edit: Just after I posted this, I thought of this. Why not just make mbb gia-i as a savings account? If there's fund less than rm1k, I'll just uplift one of my placement, then make another placement which consists of original fund + whatever that's less than rm1k. Lol.

Ramjade

This post has been edited by ohcipala: Apr 9 2016, 11:32 AM

Precisely my though after reading the explanation by cybpsych. No need to have all the hasle of going to RHB and opening the RHB Bonus Saver. The downside is if Maybank suddenly cut the eGIA-i interest (too many people apply, and withdraw early - they lose money - like what happen to M2Cards), we have no where to run. I still think RHB Bonus Savers is good as backup (the account have always been around for a few years already). But RM6k which I can put into amanah saham just to chase the 2.65%p.a is not worth it in my opinion.

cybpsych gave me the idea of creating multiple RM1k placement and use those 1k placement upon needed.

Glad we could come to a conclusion.

cybpsych good job.

Since u r already using MBB GIA-i, anything <1k put in MBB saver-i.

guys,can someone explain to me about the GIA-i which is 4.0%pa and what is the meaning of profit sharing ration 70:30,is it we 2.8% and bank 1.2%?

If mbb decides to cut the rate, then I'll do my combo of ocbc smart Savers and ambank truesavers

Personally, I do not think that RHB Bonus Saver's rate is good at all. OCBC SmartSavers is better in my opinion as you can get 2.9% p.a. by depositing only RM50 a month with no withdrawals. If there is any withdrawal in the month, the rate drops to 0.5%.

RHB Bonus Saver rate starts at 0.25% which is lower than 0.5% from SmartSavers. You need to deposit extra RM500 every month to get the bonus interest which is 0.2% p.a. every month. The bonus interest keeps increasing every month but you need to keep depositing RM500 extra every month. The max you can get from the 13th month onwards is only 2.75% p.a. which is lower than 2.9%. Although you can withdraw from the Bonus Saver account, the incremental average balance need to be RM500 or else you will not get the bonus interest. So, not much difference than not able to withdraw the money at all. I do not know what would happen if you were to stop halfway, how RHB would calculate the interest. Start from scratch at 0.25% again or start from where you left but either way, it's complicated & I think it's not worth the effort.

Btw, the promo for OCBC SmartSavers 3.9% p.a. is still ongoing but only for new accounts.



4% is your share after taking into account the PSR, meaning you will get 4% profit based on your placement amount.

Actually I am looking for long term usage. As I mentioned, OCBC smartsavers, once you withdraw, the interest for that month becomes 0.5%. So if it's 0.5% where are you going to park your to use money? OCBC might be higher than RHB but the 0.5% is major thorn. On the other hand, after 1 year, I am free to withdraw any amount from RHB and still get 2.65% (no penalty) without the need to topup RM500/month anymore.

But I think I am not going to open the RHB because the Maybank eGIA-i exist.

This post has been edited by Ramjade: Apr 9 2016, 06:46 PM

.

This post has been edited by aromachong: Nov 3 2016, 04:09 PM

If you dump RM1k/month into it and don't withdraw anything. If you withdraw/transfer, even RM0.01 interest for the month become 0.5% (that's how they make money)

I thought 3.05%?

how come 3.9%? ???

I think must be a typo.

promo for new acct...

http://ocbc.com.my/assets/pdf/Accounts/tnc...ers_AA_Deal.pdf

.

This post has been edited by aromachong: Nov 3 2016, 04:08 PM

donno, read the t&c lo or call bank to ask

Don't think you can. Cause all this promo is to make people sign up with OCBC (banks have target). So you might get lucky if you close account, and open again. But wait 2-3 days. Don't one shot close then open. Or else sure cannot get promo rates.

Can always try. No harm.

Forget about 2.8% starting June..

effective 1 May le

This post has been edited by cybpsych: Apr 11 2016, 06:07 PM