Fixed Deposit Rates In Malaysia V. No.9

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Fixed Deposit Rates In Malaysia V. No.9, Please Read Post#1 and #3

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cybpsych	Jun 24 2015, 06:50 PM Show posts by this member only \| Post #281
--------------------- All Stars 65,281 posts Joined: Jan 2003	QUOTE(cklimm @ Jun 3 2015, 07:58 PM) CIMB promotion getting worse, 3.9%p.a for 3 months, 4.0% for 1 yr, minimum 50k, do remember to apply for CIMB prime if you can fork out such amount cimb QUOTE(wil-i-am @ Jun 24 2015, 06:05 PM) Just rec'd a text from CIMB Bank 3.90% pa on 3 mths FD with min RM50k n valid till 30/6 same promo as before
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Castor Troy	Jun 25 2015, 04:42 PM Show posts by this member only \| Post #282
New Member Junior Member 11 posts Joined: Dec 2010	QUOTE(Gen-X @ Jun 24 2015, 04:28 PM) Besides HSBC, Citibank also takes up lots of one's time when opening account for the very first time. We have mentioned many times before it previous threads that one has to consider time (plus petrol and and stress in finding a parking spot if applicable) which I also mentioned in my article Earn More FREE Money with The Right Fixed Deposit. As far as I'm concerned, HSBC promos is really a waste of time as they only offer special promo rate to NEW customer and for 3 months TD deposit only. And once you become an existing customer - you will never be offered any more TD Promo (so far for the last 5 years that I know off) and you have to maintain minimum AUM or else you'll be imposed penalty. And HSBC TD board rates are amongst the lowest in Malaysia. So then got hassle to go terminate the account after Promo ends. Having said that, if you have RM1M and got nothing better to do, then getting the extra interest for 3 months may be worth while. Most of the regulars here that chase after FD really got nothing better to do but go waste time seeing leng luis (for the ladies leng chais) at the banks, hahahaha. Sorry, didn't heed your warning advice but thanks for the recapping. Sometimes like ppl say, hafta learn d hard way... Nevertheless even so, I didn't expect it to be that looong... that's why half way the process, i also kindda regretted abit but no choice liao.. if move to another bank tat time lagi waste more time. Worst thing is the bank officer is jantan, so nothing to see. At this moment HSBC is giving the best promo rate for short term.... so happen my matured $$ budget also ngam ngam fit their criteria and cannot commit too long duration oso... I think maybe next time must go for at least 6 months punya... can lessen the frequency burden of travelling to banks.
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cybpsych	Jun 25 2015, 04:56 PM Show posts by this member only \| Post #283
--------------------- All Stars 65,281 posts Joined: Jan 2003	OCBC e-SmartSavers Account [ OCBC \| Promo T&Cs \| FAQ \| APPLY NOW ] When you open an online SmartSavers account with us from now until 30 September 2015, you will receive a special* interest rate of: 4.00% p.a. Rates applicable on account balances until 31 December 2015. If you withdraw money within the month, you will only receive 0.5% interest a year. If you deposit minimum of RM50 monthly, you will be enjoying 4.00% interest a year until 31 December 2015. Additional info clarified by CS: 1) You need to deposit RM200 as account opening deposit (similar to opening a new savings account). Then another RM200 to activate the e-SmartSavers account. 2) Transfer of RM200 for activation must be from other banks via IBG or deposit via walk-in to OCBC branch. 3) Subsequent monthly deposit (min RM50), must be from other banks via IBG or CDM. Intrabank transfer from other OCBC Savings account (e.g. SmartSavers) will not be eligible for the promo rate. That means, to enjoy the 4.00% p.a. promo rate, you need to begin from new fund deposit. <-- workaround is to cash-out/IBG out then bank-in to e-SmartSavers instead. 4) e-SmartSavers account closure, need to visit the Preferred OCBC Branch (selected during registration from eForm). Some FAQs... » Click to show Spoiler - click again to hide... « 1) What is the e-SmartSavers Account* e-SmartSavers Account is the first savings account that you can apply online in 3 simple steps. With this savings account, you can save and enjoy great rates as high as 4.00% p.a. while having the flexibility to withdraw or deposit to your capabilities. Also turn your financial goals into reality with the savings goal feature available with Online Banking. 2) What are the restrictions to the e-SmartSavers Account?  The e-Smartsaver account will be restricted to maximum withdrawal amount of RM25,000 per calendar year and no limit on deposits. Please visit any OCBC branch to remove this withdrawal restriction. Learn more.  No cheque book facilities or international transfers permitted. ... 6) How many e-SmartSavers account I can open? It is limited to 1 account per customer. 7) I am holding a SmartSavers account. Can I open this e-SmartSavers account? Yes, you can apply for it online. 8) I am holding a normal OCBC savings account. Can I open this e-SmartSavers account? Yes, you can apply for it online. Read more. This post has been edited by cybpsych: Jul 1 2015, 09:16 AM
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Human Nature	Jun 25 2015, 06:06 PM Show posts by this member only \| IPv6 \| Post #284
- student of human nature - All Stars 26,524 posts Joined: Jan 2003	QUOTE(cybpsych @ Jun 25 2015, 04:56 PM) FYI, open OCBC e-SmartSavers Account from now until 30 September 2015 and you'll receive a special interest rate of 4.00% p.a. on account balances until 31 December 2015. Just need to deposit minimum of RM50 monthly to enjoy this rate. Read more here and here. Too bad, existing SmartSavers account holder not eligible to open e-SmartSavers account This is interesting. From what I understand from the T&C, looks like there is no hidden agenda. Account balance refers to the balance at the end of every month and the interest will be credited monthly? Assuming I bank transfer 10000 to the account now, I stand to obtain RM33.33 at the end of this month and after 6 months (31 Dec 2015), it will be compounded to a total of RM10201.67?
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cklimm	Jun 25 2015, 06:08 PM Show posts by this member only \| Post #285
Look at all my stars!! Senior Member 2,337 posts Joined: Oct 2014	QUOTE(Human Nature @ Jun 25 2015, 06:06 PM) This is interesting. From what I understand from the T&C, looks like there is no hidden agenda. Account balance refers to the balance at the end of every month and the interest will be credited monthly? Assuming I bank transfer 10000 to the account now, I stand to obtain RM33.33 at the end of this month and after 6 months (31 Dec 2015), it will be compounded to a total of RM10201.67? the hidden agenda is, if you make any withdrawal, your rate will be reduced to 0.50% p.a, for that calendar month
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Human Nature	Jun 25 2015, 06:12 PM Show posts by this member only \| IPv6 \| Post #286
- student of human nature - All Stars 26,524 posts Joined: Jan 2003	QUOTE(cklimm @ Jun 25 2015, 06:08 PM) the hidden agenda is, if you make any withdrawal, your rate will be reduced to 0.50% p.a, for that calendar month I am okay with that as will treat it like a 1-month eFD. On the other hand, if we pump in more fund on the next month, it will enjoy the 4% p.a. too. But really sound too good? This post has been edited by Human Nature: Jun 25 2015, 06:15 PM
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bbgoat	Jun 25 2015, 06:22 PM Show posts by this member only \| Post #287
Look at all my stars!! Senior Member 6,614 posts Joined: Mar 2011	QUOTE(Castor Troy @ Jun 25 2015, 04:42 PM) Sorry, didn't heed your warning advice but thanks for the recapping. Sometimes like ppl say, hafta learn d hard way... Nevertheless even so, I didn't expect it to be that looong... that's why half way the process, i also kindda regretted abit but no choice liao.. if move to another bank tat time lagi waste more time. Worst thing is the bank officer is jantan, so nothing to see. At this moment HSBC is giving the best promo rate for short term.... so happen my matured $$ budget also ngam ngam fit their criteria and cannot commit too long duration oso... I think maybe next time must go for at least 6 months punya... can lessen the frequency burden of travelling to banks. Short term FD has its purpose. Right now I also have some 1 mth, 3mth FD placed. Some has been renewed. These are short term ones which I foresee to use them in the immediate future. I keep these at CB at low monthly rate as I can even call them to cancel it and use them immediately. But for those FD which I don't foresee I will be using them, I placed them long term, 1 year, 2 years and 3 years.
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cklimm	Jun 25 2015, 06:26 PM Show posts by this member only \| Post #288
Look at all my stars!! Senior Member 2,337 posts Joined: Oct 2014	QUOTE(cybpsych @ Jun 25 2015, 04:56 PM) FYI, open OCBC e-SmartSavers Account from now until 30 September 2015 and you'll receive a special interest rate of 4.00% p.a. on account balances until 31 December 2015. Just need to deposit minimum of RM50 monthly to enjoy this rate. Read more here and here. Too bad, existing SmartSavers account holder not eligible to open e-SmartSavers account I wonder if RinggitPlus will give any freebies for this Promo
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BoomChaCha	Jun 25 2015, 06:33 PM Show posts by this member only \| Post #289
Look at all my stars!! Senior Member 2,490 posts Joined: Sep 2011	QUOTE(bbgoat @ Jun 24 2015, 08:38 AM) OK lah, admit also eats CD. Taste great ! Don't you also like it ? Share, share ! Wasai, from real world to virtual world ! Taking another step .........................??????? Ha..? You want to eat me..? Come lah.. » Click to show Spoiler - click again to hide... « QUOTE(Castor Troy @ Jun 24 2015, 10:35 AM) I actually arrived at HSBC at 11am and did not have to wait for my turn, as there were not many customers tat time. I was there with my wife and we planned to open 3 a/c (2 individual + 1 joint). The bank officer told me that need about 15mins to open 1 advance a/c, which shud take about total 45mins! Since already there and dowan to waste effort, no choice lor... continue to apply... Worst thing was the officer screwed up the first attempt.. he said don't know why the system rejected application. So, he advised us go for lunch first while he continue processing the application. Return after lunch about 12.30pm, sign and there, ding dong ding dong then hafta go to counter bank in monies, then go another counter to process FD..... By the time got certs, already 2pm.... Regarding the umbrella, no... they didn't give any.. I asked for free gift, they say don't have... Managed to salvage the banana flavoured "Minions" tic-tac though. Lesson learnt: Before take up any promo FD, better also consider the time wasted to open new a/c (if don't have one). Sadly so far, personally never heard of any good remarks of HSBC (sorry if offended any bros loyal to HSBC)... That day, really tasted the medicine. Nevertheless at least the consolation is that I get 5%! hehe I hope no problems in my next visit when closing a/c after maturity date. Yes, HSBC has a lot of paper work for FD.. But anyway, Congratulations..!! You made a right decision for this FD promo 5% Especially during this inflation, we should try our best to get the best rate... And in addition, you managed to open 3 a/c (2 individual + 1 joint).. worth it lah... QUOTE(bbgoat @ Jun 24 2015, 05:03 PM) The other one I encountered is OCBC. But have good time looking at the leng lui RM. Experience with HSBC not that bad. Have been CB customer for years so cannot remember "the first time" when I opened acct there. Haha, taking a swipe at some of the regulars ? I would go for FD with eyetertainment in mind. But, I passed on the HSBC one. Too short in duration for me. Ah Boom brought gf's there to maximise his profits. Ha ha ha ! Ah Sir...of course I want to shoot to the maximum profit.....
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BoomChaCha	Jun 25 2015, 06:39 PM Show posts by this member only \| Post #290
Look at all my stars!! Senior Member 2,490 posts Joined: Sep 2011	QUOTE(wil-i-am @ Jun 24 2015, 06:05 PM) Just rec'd a text from CIMB Bank 3.90% pa on 3 mths FD with min RM50k n valid till 30/6 Banks nowadays are asking for more FD deposit.. I think minimum RM 50K is too much... QUOTE(cklimm @ Jun 25 2015, 06:08 PM) the hidden agenda is, if you make any withdrawal, your rate will be reduced to 0.50% p.a, for that calendar month Yes...not easy to withdraw from OCBC Smart Savers... If want to withdraw, the best timing to do it is during first day of the month.. This post has been edited by BoomChaCha: Jun 25 2015, 06:45 PM
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bbgoat	Jun 25 2015, 06:43 PM Show posts by this member only \| Post #291
Look at all my stars!! Senior Member 6,614 posts Joined: Mar 2011	QUOTE(BoomChaCha @ Jun 25 2015, 06:33 PM) Ha..? You want to eat me..? Come lah.. Eat you ? I am straight. Only eat CD. Not sure of you now ................
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cybpsych	Jun 25 2015, 06:54 PM Show posts by this member only \| Post #292
--------------------- All Stars 65,281 posts Joined: Jan 2003	QUOTE(Human Nature @ Jun 25 2015, 06:06 PM) This is interesting. From what I understand from the T&C, looks like there is no hidden agenda. Account balance refers to the balance at the end of every month and the interest will be credited monthly? Assuming I bank transfer 10000 to the account now, I stand to obtain RM33.33 at the end of this month and after 6 months (31 Dec 2015), it will be compounded to a total of RM10201.67? mechanism works like traditional smartsaver account. very very good interest rate if u don't need immediate fund. I've been getting lots of free money by depositing 1k every month (as early as possible, usually 1st working day due to IBG, since interest is calculated over daily balance).
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cybpsych	Jun 25 2015, 06:57 PM Show posts by this member only \| Post #293
--------------------- All Stars 65,281 posts Joined: Jan 2003	QUOTE(Human Nature @ Jun 25 2015, 06:12 PM) I am okay with that as will treat it like a 1-month eFD. On the other hand, if we pump in more fund on the next month, it will enjoy the 4% p.a. too. But really sound too good? yes, keep on pumping in money the next month to regain the high interest rate. remind yourself not to withdraw the fund within calendar month .
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BoomChaCha	Jun 25 2015, 07:04 PM Show posts by this member only \| Post #294
Look at all my stars!! Senior Member 2,490 posts Joined: Sep 2011	QUOTE(bbgoat @ Jun 25 2015, 06:43 PM) Eat you ? I am straight. Only eat CD. Not sure of you now ................ You don't know the man in the picture..? QUOTE(cybpsych @ Jun 25 2015, 06:54 PM) mechanism works like traditional smartsaver account. very very good interest rate if u don't need immediate fund. I've been getting lots of free money by depositing 1k every month (as early as possible, usually 1st working day due to IBG, since interest is calculated over daily balance). Free money..? Can share how do you get free money..?
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Human Nature	Jun 25 2015, 07:05 PM Show posts by this member only \| IPv6 \| Post #295
- student of human nature - All Stars 26,524 posts Joined: Jan 2003	QUOTE(cybpsych @ Jun 25 2015, 06:54 PM) mechanism works like traditional smartsaver account. very very good interest rate if u don't need immediate fund. I've been getting lots of free money by depositing 1k every month (as early as possible, usually 1st working day due to IBG, since interest is calculated over daily balance). QUOTE(cybpsych @ Jun 25 2015, 06:57 PM) yes, keep on pumping in money the next month to regain the high interest rate. remind yourself not to withdraw the fund within calendar month . alright, thanks. I have been depositing small amount every month to CIMB eFD for 3.15% only
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Ramjade	Jun 25 2015, 08:12 PM Show posts by this member only \| Post #296
20k VIP Club All Stars 24,339 posts Joined: Feb 2011	QUOTE(cybpsych @ Jun 25 2015, 06:54 PM) mechanism works like traditional smartsaver account. very very good interest rate if u don't need immediate fund. I've been getting lots of free money by depositing 1k every month (as early as possible, usually 1st working day due to IBG, since interest is calculated over daily balance). They should allow withdrawal a minimum sum a month. Not really worth it as I used like rm1k a month. Cause if I withdraw every month rm1k, I only get interest of 0.5% This post has been edited by Ramjade: Jun 25 2015, 08:16 PM
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BoomChaCha	Jun 25 2015, 08:21 PM Show posts by this member only \| Post #297
Look at all my stars!! Senior Member 2,490 posts Joined: Sep 2011	QUOTE(Gen-X @ Jun 20 2015, 09:39 AM) you are exactly correct - and Bro, like any other pyramid scheme, part of your "new deposits" besides paying for BoomChaCha's dividend will be used to entice others (by using your money to pay for stuff to give to others as free gift) to join in the fantastic run. The moment we have an Economy Collapse and NPL (from PLs which have no physical collateral) sky rocket, the party stops. QUOTE(bbgoat @ Jun 20 2015, 09:09 AM) Uncle Boom, getting the 5 yrs rate from BR not that simple, eh ? Luckily the longest I have with them is 2 years and now going to <1 year. So far my experience is still positive with them. But admire our High Magician with FREE RENTAS from BR !! Captain, Ah Goat Sir & Big Magician.... A Good News... BR paid my FD dividend calculated from the first day of May until 24th of June, total 55 days interest. I calculated the earned interest rate based on 55 days in my iRakyat account.. BR did not lower my FD rate. BR keeps their promise to give me back the original FD rate... Must count correctly ma....Cannot miss one single cent....
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cybpsych	Jun 25 2015, 08:28 PM Show posts by this member only \| Post #298
--------------------- All Stars 65,281 posts Joined: Jan 2003	QUOTE(Ramjade @ Jun 25 2015, 08:12 PM) They should allow withdrawal a minimum sum a month. Not really worth it as I used like rm1k a month. Cause if I withdraw every month rm1k, I only get interest of 0.5% that's why smartsavers is only good if you dont intend to use the fund in a particular month to enjoy the high-interest rate. if withdrawal happens, then it's like a normal savings account, that's all. i use this smartsavers for 2 reasons: 1) ocbc super deal fd promo where i gotten the medklinn air steriliser, 2) the fund will be accumulated and used to reduce my housing loan in one lump sum, also from ocbc, hence i dont have immediate need to use the fund, while getting free money generated from the interest use this in conjunction with m2u savers, then you gets higher interest rate too by maintaining min 2k balance.
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Ramjade	Jun 25 2015, 08:32 PM Show posts by this member only \| Post #299
20k VIP Club All Stars 24,339 posts Joined: Feb 2011	QUOTE(cybpsych @ Jun 25 2015, 08:28 PM) that's why smartsavers is only good if you dont intend to use the fund in a particular month to enjoy the high-interest rate. if withdrawal happens, then it's like a normal savings account, that's all. i use this smartsavers for 2 reasons: 1) ocbc super deal fd promo where i gotten the medklinn air steriliser, 2) the fund will be accumulated and used to reduce my housing loan in one lump sum, also from ocbc, hence i dont have immediate need to use the fund, while getting free money generated from the interest use this in conjunction with m2u savers, then you gets higher interest rate too by maintaining min 2k balance. But the 4% is just promo rates right or usual rates?
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cybpsych	Jun 25 2015, 08:33 PM Show posts by this member only \| Post #300
--------------------- All Stars 65,281 posts Joined: Jan 2003	QUOTE(BoomChaCha @ Jun 25 2015, 07:04 PM) Free money..? Can share how do you get free money..? haha free money from the interest lor... so far with remaining balance of ~RM8k (depositing RM1k each month for the past 8 months), i've been getting ~RM21.xx interest dy. total interest gained so far is about RM103
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