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 Fixed Deposit Rates In Malaysia V. No.10, Please Read Post #1 & #2

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safilo
post Nov 23 2015, 04:03 PM

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QUOTE(soulmad @ Nov 23 2015, 12:43 PM)
anyone have ocbc ? during fd mature can u request it withdraw through online?
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OCBC allow perform FD withdrawn through online.

safilo
post Nov 23 2015, 04:18 PM

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QUOTE(cherroy @ Nov 23 2015, 04:08 PM)
A question for those familiar or existing OCBC account holder, can FD being withdrawn cross branches?
and if can, is there any limit?

New to OCBC.

Reason, attracted by the 4.5% FD.  tongue.gif
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Not sure about that.
Best way is to perform online withdrawal if you have an online account - no limit.


safilo
post Dec 3 2015, 12:09 AM

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QUOTE(caren91 @ Dec 2 2015, 09:11 PM)
I just moved my cash from hsbc to Cimb, interested in OCBC and affin but way too far from my place. sad.gif
I have an OCBC acc can I do it online?
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You can place FD online for OCBC account. However, the FD rate given is usually board rate which is around 3+ %. However, to enjoy promotional FD rate such as 4.5%pa for 12 month placement, need to done at the branch and using "fresh" fund.

safilo
post Dec 5 2015, 07:27 AM

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QUOTE(starry @ Dec 4 2015, 11:00 PM)
You need to deposit RM10 to open Advance Account. Then proceed to open FD.
But I just realised in my HSBC FD slip, it's stated
Start date 27 Nov 15
Maturity date 29 Feb 16
Term 3 months

Does that mean HSBC doesn't pay interest on non-working days?  sad.gif
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Interest is given on every day during the FD tenure including non-working day.
Your 3 month FD placement which is supposedly due on 27 Feb 16 (Sat, non working day) is move to the next business day 29 Feb 16 on purpose.

This is to allow customers is they should to close their FD immediately without any loss of interest.
safilo
post Dec 6 2015, 09:54 AM

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QUOTE(anwa @ Dec 6 2015, 08:25 AM)
If you are ok with GIA, you can go for maybank GIA step up. 1st-6th month is 4%. So after 1 month, withdraw, you still get the 4% unlike traditional fd. If after a month you don't need the money can continue keep.

However, if $10-20k for 1 month, I prefer efd, not worth the effort & time to go counter. Maybank efd easy and convenient.
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From Maybank website on information on GIA FD offering
GIA FD T&C
GIA FD Product Disclosure


Some questions to those who have this type of FD
Can this GIA FD be uplift via online?
If uplift early, say, after 1 month and 5 days into the tenure, will you still get 1 month and 5 days interest (or hibah) of 4% assuming that 4% is the given rate.

TIA

safilo
post Dec 6 2015, 02:36 PM

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QUOTE(starry @ Dec 6 2015, 02:08 PM)
Can't uplift online but you can get 1 month and 5 days 4% full rate interest.
I uplifted mine 5 days after I opened the account . Got the 4% interest for 5 days.
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Thanks for the information/confirmation


safilo
post Dec 7 2015, 04:38 PM

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QUOTE(poi2005 @ Dec 7 2015, 03:13 PM)
I was told by PBB, the funds in my account will not consider fresh funds, so IBT from other acc or bank will not work.

The only way is what Ramjade said, TT to another bank, issue a BC again.
Like that, I would rather ask PBB issue me BC from my FD withdrawal, i go other bank for their FD, since the rate is almost the same for most bank now.
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Transfer in from another bank is consider fresh fund.
So you moved your fund from Bank A by TT, cheque, instant transfer, or IBG to another bank B, and then back to bank A by any mean of transfer, the said fund should be consider fresh fund to bank A.

Have done online instant transfer from OCBC to another bank and then back to OCBC via online instant transfer to open the 4.5% 12 month promotional FD on the same day. No problem.
safilo
post Dec 7 2015, 06:16 PM

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QUOTE(poi2005 @ Dec 7 2015, 05:54 PM)
I am not too sure about OCBC, but for PBB their T&C has mentioned "Fresh funds refer to funds that do not originate from existing deposit accounts(includes saving/current acc) of the Eligible Participant maintained with PBB or PIBB", and also, daily limit  IBG/Instant transfer of RM10,000 per day.

Btw, you open ur promotional FD rate online or via branch?
Because, PBB promotional rate must do it via branch (cant find it in their poor online banking service)
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OCBC Promotional FD have to be open via over the counter as the same with most banks.
However, OCBC promotional can be uplift via online.



safilo
post Dec 7 2015, 08:59 PM

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QUOTE(Nom-el @ Dec 7 2015, 07:27 PM)
Just sharing my experience here. PBB considers funds from other banks through IBG/IBFT as fresh funds if it is within a few working days. I have also done instant transfer from OCBC to another bank and then back to OCBC via instant transfer on the same day too. They accept that as fresh fund too, no problem.

Affin is the one that gave me problem when I transferred money into & out of the account on the same day. I did that a few times as I wanted to transfer money to OCBC from MBB using instant transfer. As I was not able to do instant transfer to OCBC directly, I had to transfer funds (10k) to Affin first & then to OCBC as Affin suppports instant transfer to OCBC. When I went to place FD a few days later after I did the transfer in & out on the same day, I transferred more than 10k directly to Affin. The staff there did not allow me to place the full amount under promo rate as they consider the 10k as not fresh fund. They would only consider the balance as fresh fund even though I transferred a different amount on that day. mad.gif  It was not even on the same day. They won't accept it even though I told them that it was from a different bank (not MBB).

So, it all depends on the officer whether they consider that as fresh fund or not.

OCBC - Same day, same amount in & out - considered fresh fund  smile.gif
Affin - Different day, different amount - not considered fresh fund  doh.gif
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Thanks for sharing.

Alternative for instant transfer to OCBC is Standard Chartered Bank.
The daily instant transfer/GIRO limit for SCB is 30K (same as MBB)
Currently, AFFIN and OCBC online transfer daily limit is 10K.

For OCBC, can instant transfer another 10K on the same day to another bank using their ATM (.53 cent fee)


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