Not as good as ambank Truesavers. Need deposit of min RM500/month - troublesome . Pay bills via ocbc (unless ocbc can stack bills like uobpayonline , then is good. What happen if someone were to pay on the last day of the month? That 1.2% is only applicable for the last day only? ). Need to charge RM500 to a cc. (Sifu Gen-X already showed us the best cc and ocbc is not in the list - will effectively reduce our CB). The most one can get from it is 2.9% (if don't charge cc). Charging rm500 to a useless cc is a very bad idea just to get 1.2%.

Despite ambank Truesavers only giving 2.8% (0.1% lesser than ocbc),  at least no terms and conditions. No minimum amount required. There's no need to topup every month or charge anything. Only drawback is 3x/month ibg/atm withdrawal.

bravo 

my today placement at OCBC also matures on sunday..close two eyes

Call the person in charge of FD to nego rate on the phone first...
MBSB 5 years at 4.7% with paid semi annual interest VS Am Bank 5 years at 4.55% with paid monthly interest (50 years old and above).

Let's say if put the both interests to Am Bank True Savers account, which one can earn more interest?

I used below online calculator and I came out with the answer MBSB can earn more interest.
Correct or not..? 

http://getsmarteraboutmoney.ca/tools-and-c...px#.Vh4ZIW5oDtw

[attachmentid=5124770]  ----> MBSB

[attachmentid=5124771]  ----> AM Bank

[attachmentid=5124772]

Wow. 4.7% and 4.55% balloon up to 5.23% and 5.10% just because of a 2.8% SA!!!

4.5% compare to 5.10% and 5.23% is a very big difference!

Well one could always split 2xRM250k between wifey and oneself rather than going for 4.5%

They said that bsn only pay upon maturity. If that's the case, we tend to lose here.

Have the 5.10% and 5.23% calculations taken into consideration of monthly interest compounding into 2.8% of Truesavers sa (ambank fd) and half yearly interest for compounding into 2.8% of Truesavers sa (mbsb fd)?

Let's not bring ASX into the equation. The question here is maximising returns from this 2 FD if you are above 50. One can use Truesavers to maximise the interest earns. So if mbsb with 4.7% interest given half yearly and added into Truesavers compare with ambank with 4.55% interest given monthly (above 50 years old) and added into Truesavers, which one is able to give a higher returns after 5 years?

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%?

Is there any bank that upon closing of FD exactly on maturity date claims that final interest will not be paid unless uplift on maturity date + 1 day. I think this bank is trying to spin some story here.

If no, then I am about to reveal an underhanded practise of a bank that does that exactly to theit FD customer.

If you are ref to CIMB , yes they are pretty ridiculous in calculating weekend interest. They will cheat you of 1 day, confirmed, which is why I always make sure my FD maturity doesnt fall on a weekend / long holidays

Latest from BSN:
FD Promo for 1,6,9,12 months @ 3.2%,3.3%,3.5%,4.0% p.a respectively

[attachmentid=5135338]

Bro, can't compare FD with Reits as the later is exposed to capital upside or downside

ah.. this is pro level of analysis... 

but in few hours time action (or not action) need to be taken.

whats the conclusion bro?

oh really? will drop by and ask if have time.

their e-FD 6 months for 4.05%p.a. or 9 months 4.15% p.a. is kinda attractive, for short term deposit 

Their meps withdraw also foc.. other charge rm 1.06

To be a pb customer say for HLB, do we auto become one when we dump RM250k FD with them? 

Do you think it's worth to sacrifice one week of interest, and uplift my 4.2% (1 yr) ambank fd and reput in 4.6% (2 yr) ambank fd

Anyway let it rest. So that topic won't be lengthen by useless argument I am tired of telling you guys not to give banks free money. You guys want to give free money, be my guest.

It seems CIMB will  maintain the 4.3% for 12 mth pure FD for the months of Nov & Dec.  They will stop in Jan for sure.

I tot is 0.20% instead of 2%

Any penalty for withdrawal less than 15months for the step up FD?

Generally all FD early withdrawals would just waive the latest month interest if full month unfulfilled unless T&C practises prorated interest