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Ramjade
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 Apr 9 2016, 08:54 AM
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QUOTE(MGM @ Apr 9 2016, 08:53 AM) So u can make a 2mth-rm1000 placement and when u withdraw it 3 days later u still the get 3 days interest without penalties/fees? All these deposit n withdrawal can be done online without going to branch office inc opening of account? That's right. If you want to put for 1 month, you need min RM5k. So for those of us who don't have RM5k, we put for 2 months (min RM1k) This post has been edited by Ramjade: Apr 9 2016, 08:54 AM |
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Ramjade
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Apr 9 2016, 11:02 AM
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QUOTE(aromachong @ Apr 9 2016, 10:46 AM) OCBC smart savers is good. deposit RM50 u will get 2.8% every month i guess ocbc 360 many T&C , not worth but i guess cannot open new ocbc smart savers acc for now, right? im glad i still have smart savers with me  Can. https://www.ocbc.com.my/personal-banking/Ac...rs-account.htmlWhat'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. |
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Ramjade
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Apr 9 2016, 11:15 AM
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QUOTE(aromachong @ Apr 9 2016, 11:11 AM) 2.9%, not 2.8% well im here for savings. for withdrawal i hav no idea as i put my savings into asw2020 br and some unit trusts ocbc for extra money If you are here for savings, better go for eFD or even Maybank eGIA-i as shown above. |
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Ramjade
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Apr 9 2016, 11:39 AM
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QUOTE(ohcipala @ Apr 9 2016, 11:25 AM) 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 decided 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. RamjadePrecisely 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.   |
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Ramjade
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Apr 9 2016, 06:41 PM
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QUOTE(Nom-el @ Apr 9 2016, 05:53 PM) 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 |
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Ramjade
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Apr 9 2016, 08:05 PM
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QUOTE(aromachong @ Apr 9 2016, 08:00 PM) Kindly enlighten me on the bold part. 3.9% p.a for ocbc smartsavers? 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) |
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Ramjade
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Apr 9 2016, 09:11 PM
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QUOTE(aromachong @ Apr 9 2016, 08:10 PM) I thought 3.05%? how come 3.9%? ??? I think must be a typo. |
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Ramjade
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Apr 10 2016, 11:56 AM
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QUOTE(aromachong @ Apr 10 2016, 10:08 AM) i m a previous holder of smart savers acc.. can i get the promotional rate of 3.9%? thanks! 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. |
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Ramjade
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Apr 13 2016, 06:44 PM
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QUOTE(cklimm @ Apr 13 2016, 06:32 PM) seems like its time to move, Ramjade any good recommendations? Move only after 31/5/2016 so that you will be entitled for May's 2.8%p.a interest. Don't move now. See 3-4 pages until this page. I made my recommendation. If you are lazy, here it is. RHB bonus saver. Lose interest of 3.x% of Rm6k (by placing rm500/month into it instead of normal FD - cannot withdraw the RM500). The reason for it is if you complete the deposit of rm500/month in the first year, your rate for the next hear will be fixed at 2.65% regardless whether you withdraw/deposit/just leave it). Only need to pay for atm card and get 2.65% which I am sure can be FOC if we cancel the card. Good deal. However if you are like me maximising money, you will use maybank eGIA-i as your SA. Only hassle is need to uplift and place money every time you want to withdraw money. The good part is 4%p.a every month!!! Oh, capital, returns are not guaranteed but we already know that don't we?  Hope that helps. This post has been edited by Ramjade: Apr 13 2016, 06:46 PM |
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Ramjade
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Apr 13 2016, 08:58 PM
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QUOTE(aromachong @ Apr 13 2016, 08:55 PM) no pidm protection right? Nope. But maybank's putting it's reputation at stake if they don't deliver 4% |
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Ramjade
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Apr 14 2016, 05:43 AM
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QUOTE(MGM @ Apr 13 2016, 09:41 PM) Sounds like u are already using GIA-i as a SA? Not yet. Soon. |
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Ramjade
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Apr 14 2016, 01:26 PM
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QUOTE(Nom-el @ Apr 14 2016, 01:23 PM) You have got a point if that is your intention. Only drawback is you will lose interest for the 1st year. I know that's why I am thinking is it worth doing it to get a SA which gives 2.65%p.a at the cost of losing substantial interest? |
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Ramjade
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Apr 15 2016, 06:19 AM
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QUOTE(aromachong @ Apr 14 2016, 10:18 PM) still going for rhb? suggest you go for ocbc 360 as u mentioned lo.. or mbb 4% but not guarantee? Future wise RHB. Will never touch OCBC as I am not going to pay bills via OCBC nor I am going to add RM500 willingly into OCBC. RM500 might be nothing to you (seeing that you said RM1200/year is nothing) but for me something. Rather put into something without condition. Less headache. For now, MBB 4% but as I said MBB have a reputation to protect. They offer less (quietly), people going to rage and won't trust maybank anymore in the future if they release similar products. |
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Ramjade
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Apr 15 2016, 09:15 AM
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QUOTE(cklimm @ Apr 15 2016, 09:02 AM) What if RHB revised the rate to 1.65%pa when you reach 12nd month?  They have been in the market for few years already. I think almost 3 years. If they want to change, could have change in the past. But they didn't change. Very unlikely they will change now. If change, just look for another SA lo. You play FD musical chair but you cannot play SA musical chairs? Truesavers not even one year from launch, already cut down the rates. |
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Ramjade
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Apr 15 2016, 10:15 AM
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QUOTE(aromachong @ Apr 15 2016, 10:13 AM) Alright i will give mbb a try too.. but you mentioned promotion going end soon, right? what is the promotion end? back to board rates and no more 4%? I didn't mentioned anything about promotion. What I meant if lots of people exploit this loophole. Maybank might discontinue this product/lower the interest/introduce some penalty. |
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Ramjade
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Apr 15 2016, 02:31 PM
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QUOTE(kelvinlzy @ Apr 15 2016, 02:22 PM) RM0.00 AmBank:Due to system glitch,withdrawal fee on ur TRUESavers A/C wasn't charged. RM5.30 will be debited.Our apologies.Info: bit.ly/1T2B2Lj or 0321788999 May I know what is this? I didnt even perform any withdraw recently. Even withdraw also wont be more 3 times a month. Why charge me RM5.30?  Contact customer service. |
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Ramjade
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Apr 15 2016, 04:13 PM
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QUOTE(kelvinlzy @ Apr 15 2016, 04:10 PM) Really got charged. Available balance is less RM5.30 from current balance. Keep in mind Ambank also counts transfer from truesavers > truetransect = 1 withdrawal. |
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Ramjade
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Apr 20 2016, 03:16 PM
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QUOTE(ywk9630 @ Apr 20 2016, 03:05 PM) Old news. We already know. That's why few pages back we discuss substitution for it. |
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Ramjade
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Apr 20 2016, 04:40 PM
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QUOTE(sniperz @ Apr 20 2016, 04:00 PM) AmBank's bank performance have been decreased due to various factors. Still prefer people to invest in UT for high returns over inflation rates. Namely Sarawakians! Are you a UT agent? |
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Ramjade
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Apr 22 2016, 07:06 PM
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QUOTE(edwardccg @ Apr 22 2016, 06:41 PM) Truesaver revise interest from 2.8% to 1.8% Have to move my fund back to my rhb bonus saver account [attachmentid=6465530] Time to close account and categorise true savers as a rubbish SA with their T&C. |
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