Got my Hugo Boss pen from OCBC last week in KL too (for their FD promo in July). Melaka OCBC need to wait till November.

http://www.andersonpens.com/Hugo-Boss-Clas...l-p/hsw5965.htm

Yes, correct

Yes, silent readers

Ramjade, this is a thread discussing fixed deposit rates. Please stick to the topic.

If you want to promote savings account etc, please go to the dedicated thread and stop spamming here.

Thank you.

This post has been edited by Ah SiAnG: Oct 15 2015, 07:18 PM

Ah SiAnG never in my mind to spam. Just telling people how to maximise returns given from monthly interest. People ask, I answered. By the way, can you add an additional information on front page?

If other people got info, please share. I know there are others but I can't remember which bank and their rates. Don't have account with them.


This post has been edited by Ramjade: Oct 15 2015, 07:27 PM

let me answer further on a few others.

No need to inform bank in advance, just bring your IC and go. Just bring the statement along if you want.
Once mature, can uplift on the same day or later.
UOB charges RM2.80 for banker's cheque (usual case for my branch)

Even for normal customer or for vip customer?

Referring to the BC fee? RM2.08 for normal customers, no idea about VIP

Thank you for your good words..Ah Sir

Thank you..

Thank you

I just received a SMS from Am Bank:
1 month FD at 3.75%
Min RM 100K
Promo ends 31 Oct 2015

Now looking at Muamalat pattern, once Muamalat merges with MBSB successfully, the
management of Muamalat side will suggest to ask for more deposit for MBSB's 5 years
4.7% FD..

Another alternative option to bc is to do online IBG transfer 0.11cents per transfer? Much cheaper than bc.

Ladies and gentlemen, boys and girls

MBSB 4.7% + TS 2.8% vs AMB 4.55% +TS 2.8%
Minimum amount here = RM10k



AMB = AMbank
TS 2.8 = Truesavers
EIR = Effective Interest rates

From here we can see that even with monthly interest, Ambank 4.55% still lose out to MBSB 4.7%. MBSB is still the champ here. However notice that the EIR of MBSB only increase 0.30943% while AMB increases by 0.32766% which shows that you could get more money if there is say a FD able to give you 4.7% monthly interest. .

yygo is right. If we put 1 year FD with the interest, the EIR can go up further. But that can only be done from 2nd year onwards (Starting amount of RM10k). Unless one starts off with RM100,000.

I didn't include in the last month interest of TS of the 5th year as I assume the FD will pay the interest at the end of the month. So if we would like to see the last month interest, we need to go another year. I used 2016 as it is easier to count.

By the way, aeiou228 how come your EIR is 5.23% Vs 5.10 while mine is only 5.00943% vs 4.87766%? Your method is add to principal to get the EIR of 5.23% Vs 5.10%?

This is the first time I am calculating this kind of things. Any mistakes please correct me.

This post has been edited by Ramjade: Oct 16 2015, 01:33 AM

put Ambank 4.5%, assuming one is >50 years old , rm18750 per month

Cant compare like this, itu tenure lain
you need to wait for 60 months to have the 4.5%, while muamalat's is only 6 month, then u can do whatever u fancy.

impressive

So thats the best way to squeeze out the bank eh?

Actually one can squeeze some more. As yygo said, instead of putting in TS, one can put affin bank 3.7% FD once one have rm1000. again we are talking about principal of rm10000. If one starts off with rm100k, different story.

contribution from hnws!

can use that for phd like clemen chiang of singapore (dr in options)

dr ram now.

squeeze, squeeze harder!

banks fd is just for some basic portfolio stabilization. should use more brain power for other things that can get more return. like dr ram's asnb.

squeeze from other places to gain more $$$$!

Hong Leong bank 6 month fd with 4%.
Whats other t&c beside Min RM 10k fresh funds.?
Need to have saving acc in the bank?

It's not my money la. Me poor fag. I just used example of rm10k cause that's the minimum one can put to enjoy the fun.