well, for OCBC, it's statement-based FD.

i placed OTC for FD Promo, upon maturity, logged into OCBC Online Banking, uplift/transfer the fund+ interest was auto-credit back from FD Account -> CASA. Once done, I transferred the fund into my Home Loan from OCBC too. p/s: OCBC termed this transaction as Pay Bill.

Core reason I did this was to reduce HL principal, but I only do this once a year Instead of running around with the fund, I put into OCBC Promo FD (gotten RinggitPlus' free Medklin Assens Air Steriliser)

other banks, not as simple, i think.

This post has been edited by cybpsych: Jan 15 2016, 11:04 AM

no difference.

depends on whether you need to access some of the 50k for emergency/adhoc use or not.

if u have other funds available, 1 cert 50k no issue liao.

yep, i uplifted on maturity date (the date printed on the cert too). my maturity date fell on Saturday

when i checked online portal to uplift the FD, the interest gained already automatically credited into CASA (OCBC SmartSavers).

so, i guess their systems works as expected

**update: didnt uplift manually, it was auto-credit back to CASA, per maturity instruction during placement.

This post has been edited by cybpsych: Jan 15 2016, 11:14 AM

thanks for jogging my old memory it's been 1yr+ liao since 2014 placement.

if i recalled correctly, during placement, i specifically asked the staff to set maturity instruction: interest + principal auto-credit back into my CASA. Sorry, didnt perform manual upliftment. paiseh

checking my CASA now, here's the transaction description:

from aeiou228's checking, no online uplift possible?

i got no bullet in OCBC liao to check


p/s: my previous placement in OCBC was Conventional FD.

T&Cs stated end April

http://www.ocbc.com.my/assets/pdf/Accounts...eposit_Deal.pdf
http://www.ocbc.com.my/assets/pdf/Accounts...it_AA_Deals.pdf

as a general rule, any FD NOT eFD must be placed OTC.

This post has been edited by cybpsych: Jan 18 2016, 10:39 AM

UOBM "Festive FD Promotion" Terms and Conditions

http://www1.uob.com.my/assets/pdf/tnc/depo...1215_tnceng.pdf

This is the missing T&Cs for UOB's FD promo:

3 Months - 4.15%
6 Months - 4.2%
12 Months - 4.4%

This Promotion has been extended to 31 January 2016.

https://www.hlb.com.my/main/promotion/20160...anch-open-house

take your pick. nothing related to FD.

I wouldn't use nego rate for comparison here . it's highly subjective.

2 reasons:

1) someone might use/repost the rate and may claim it's promo rate applicable to all.

2) someone may read it, and go argue with bank with min fund. he/she may not know nego rate requires substantial fund.

ppl might get confused.

exactly, the fella always recycle info without context or proper reading/checking first.

the "free" is not directly free upfront. read the t&c

ocbc's initial deposit RM200, min holding balance RM20

shared earlier. seems to be a straightforward FD, typical for Affin.

Affin is stable. i've got a 2yr FD with them, and family put some eggs there too.

traditionally, Affin doesnt compete direct, but once a while they do offer attractive rate that's a notch above others (e.g. now). good strategy, imo.

go for 5yrs. solved your issue for that duration.

existing promo, ending end April.

upon maturity, the actual effective rate is just 4.38% p.a.

keyword is "up to", not effective

be mindful on these big numbers. always read the T&Cs and the table illustrated.

unlikely for mbb to bump it up to 4.5% p.a., wherease we all gotten 4% p.a. for the past few months

i wonder how kelvinbaby gotten the number (4.5% p.a.) at the first place.