I just managed to do so..opened a 360 SA with OCBC at the branch and then accidentally opened another 360 SA online. Now having 2 accounts and I wonder how their system can allow it. Gonna close one next week.

If that's the case, I don't think the previous poster can open the same SA with the same bank.

unker , uob no need. few other banks olso. your statement too general.

This post has been edited by yygo: Dec 18 2015, 10:30 PM

Any T&C?
Btw, tis is not attractive when compare to HSBC which offers 5% for 3 mths

Aiyoh... sorry. Too fresh sampai talk wrong thing.. paiseh

Are you comparing 3months or 6 months?

I comparing the first 3 months only, not the entire 6 months, therefore calculations should be the following :-

Affin bank

20k x 0.043 x 3/12 = RM215
80k x 0.046 x 3/12 = RM920
Total interest for 3 months = RM1135

HL BANK

100k x 0.045 x 3/12 = RM1125

You must remember that after 3 months, I can take out the 20k and find for other promotional FD to put in.
Maybe if I'm lucky I might get 4.5% and above, who knows??

My SCB branch is the Saadiq Islamic branch in Bkt. Tinggi Klang.
The counter girl ask whether I want the money to be bank in to my SA or if I want a Cashier order, so I opt for cashiers order. Maybe the Islamic branch allow it?

But u had yet to factor the moving in moving out cost. Time, petrol, toll, etc

Except for UOB, MSBS and OCBC, other major banks are nearly all in Bkt Tinggi Klang.
SCB, HSBC, HLB, AMBANK, RHB, CIMB, PB, ALLIANCE, BSN, MBB, KFH
I use my motor bike to get around and I also work nearby, some of the banks like SCB, MBB, HSBC are in walking distance. I have some flexibility to come out once in a while, so curi curi some work time to do this lor


This post has been edited by matow: Dec 19 2015, 01:41 AM

I think your branch is still issuing it. I cannot recall whether it was 7 branches still issuing or 7 branches has stopped issuing..i only remember the number 7

The 3 month 4.3% is tied to the 15 mth 4.6% FD promo.
Let's say you have 100k, Affin's promo is that in order for you to enjoy this 4.6% rate, you have to place 20k in either a 1 mth (4.05%), 2 mth (4.10%) or 3 mth (4.30%) FD, the balance 80k gets to be placed in the 15 month 4.6% pa rate.
If you choose like me to place the 20k in the 3 mth bracket, after 3 months you can uplift the 20k + the 3 months interest @ 4.3% pa and place it on other banks FD. The the balance 80k will continue on until it matures after 15 months @ 4.6% pa interest.

In the first place you chose 6 mths. And I guess you already decided not to lock in long term. Right or not?

So going for the affin option also falls in with your big picture. Your 3 mths portion will mature after the BNM OPR meeting in early march (iirc) ... I also think there's a chance that you might just get a little bonus

cert is just a piece of paper. afaik, just a statement.

i also had a shock when i tried to put my first conventional fd with hlb. they told me i have to open a new account. i asked them why do i need a new account as i'm existing customer and i have fd with them. they said each branch is independent from each other and account records are separate. they made me to fill in a set of forms and give signature specimen. i asked them to pull down my personal details and signature from their database. again, they replied this cannot be done as each branch is independent and separate.

i have banked with many banks overseas and they don't operate in such an ancient manner. i believe malaysian banks have a lot catching up to do.

This post has been edited by kit2: Dec 19 2015, 02:10 AM

not technically impossible if accounts belong to different branches. proven by the poster with ocbc 360 accounts. although bank staff might prevent you if he/she finds out your account in other branch.

I have attached the flyer on Affin Bank's FD promotion.

This post has been edited by matow: Dec 19 2015, 09:08 AM


Attached File(s)
 20151219085955069.pdf ( 51.23k ) Number of downloads: 87

HSBC valid for 1 x only. After that you cannot enjoy 5% anymore.

How to calculate effective rate for your case?

Besides UOB, I think sometime back it was said AmBank also can uplift at any branch, just confirmed that last week.

When I opened FD and SA at RHB, I was informed by bank teller that if I close the SA within 1 year, a penalty fee will be imposed.
Do all other banks stipulate this condition regarding closure of SA?

From my experience, sometimes you have to confirm with the bank officer .