If it is affecting previous placements too will go back to scold them too. Haha. Thanks for the info, maybe Affin just realized with 4.6% tak lah untung wor~~

With 20% fund in 1 month FD, meaning you still earn 4.6% for the remaining 80% fund, but too much trouble to go back again after 1 month Salute affin for coming out with such "brilliant" idea

To those who has OCBC premier save gold SA.
Not sure how it works though.

me too will scold them!
not putting anymore $$ there.

This is a bundled one, the effective rate sure lower than 4.55%

Once you placed it, then it is done and dusted.

Only newer placement is affected after the newer term introduced.

Very bz today

U have answer on my behalf

 Revision_of_Rates_effective_1Jan2016_BI.pdf ( 25.09k ) Number of downloads: 48


Found this interesting notice from Affin bank website, they are lowering the interest rate for normal saving account, example: 20K deposit used to give 2.7% pa, going to change to 1.5%pa only. Going to be the same for other banks?

Sorry, a bit out of topic as this is normal saving account.

Thanks for info.

Have been thinking of putting more eggs in Affin. With this change will just move to OCBC 4.5%.

This post has been edited by bbgoat: Dec 9 2015, 08:57 AM

Ya agreed. I have one maturing besok from MBB. Must run to OCBC lor.

managed to open 4.6% 15-month in Affin yesterday.. wasn't informed about the change in 80:20 requirements.

Interesting, you have "escaped" Affin's new T & C ?

Another issue of banks implementation of T & C ? I found the branch that I was in with people nothing to do but play their smart phones.

Now you know why I am loyal customer of affin bank. No customer, high FD rates. Everything done quickly. Feel like VIP customer cause no need to queue up without actually being a vip customer.

suitable for hnws & young punks like u & me?

still loyal with affin? now their sa rates also going down. you are fans of ambank alr'dy!

I tested the system before and got round it this way..works if you have few accounts in Alliance

I have several accounts with Alliance, each with different combination of account holder/s- some single name, some joint account with different family members.

Withdraw FD into account A. I saja try transfer $ online from say account A to account B, both account in Alliance. I tried placing eFD promo from account B..Voila dapat ie...funds from account A to account B seen as 'fresh funds' in account B. Actually I asked kat counter if I can do the above..the cashier said "tak Boleh"

This post has been edited by ??!!: Dec 9 2015, 11:12 AM

Suitable for those who want a feel of VIP banking without the money involved. (comfortable chairs, cold aircon, fast service) I never placed any money in their SA except for the minimum amount required to keep it active (for principal and interest crediting purpose only . Their SA rates sucks but their FD promo rates are usually excellent (except for what they just did).

Yup. Still loyal. Still got some FDs there which will mature some where next year. Heck all my leftovers FDs are in affin bank. Didn't place any FDs this year except eFDs at 1 month tenure eFD rates still not attractive

Just waiting for some banks to come out and topped ambank and I will make the switch. Is possible since banks are hungry for our money.

This post has been edited by Ramjade: Dec 9 2015, 11:09 AM

Any idea if alliance offer interesting 1 month eFD? So how long can you play this? (After every few months or until you run out of account?)

Affin is always quite empty.. but their processing is a bit slow compared to other banks (comparable to Ambank/stand chart)

Think no eFD promo for 1 month term.

Don't know how many times can do this with the average monthly bal rule..too lazy to calculate and I don't have so much to put in Alliance FD anyway

1 mth efd = Mach 10k

I want to park my funds in the Alliance 9 months eFD 4.35%. Is it beneficial to join the PB as well? I saw the website says need to put 10k in CASA, is this 10k being earmark for some time or can withdraw immediately?


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