Signs of Malaysia currency going down the drain

Today planning for FD musical chair. Called UOB and OCBC as mentioned earlier.

Went to RHB to uplift FD matured on last Friday. RHB normally do not pay interest over Sat/Sun and holidays. But this time as the amt is big, have asked them last week. Today went to see the officer. She calculated and paid me the 3 days interest. Thanks to our lady. Rentas out the whole FD amt to CB. Rentas RM5.30.

Noticed long queue of people in RHB to update their ASNB passbook (this is for those kaki invetsed in ASNB, they are active in both FD and ASNB threads. I have some eggs there also ).

The officer introduced the new branch manager and she gave me a RHB desk top calendar. The previous BM was there only 1 year plus.

The RHB FD promo with eff rate of 15 mth 4.4% till end March still running but their 3 mth 4.2% is until 31/1 only.

Then went to HL to place for 6 mth 4.5% with mthly interest.

Went in to see AmBank BM. He said their current promo of 6 mth 4.08% and 12 mth 4.18% (I have reported this last week) is for retention purpose only. They know it is not competitive. He told me their CNY FD promo will come out soon. Lets see.

This post has been edited by bbgoat: Jan 4 2016, 02:31 PM

forget bout that, its over.



This post has been edited by cklimm: Jan 4 2016, 02:50 PM


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the 3 days interest based on the promotional rate??

Hahaha, good question ! The FD was a step-up one with the last step-up to 5.38%. I already know that they will not give me the 5.38% rate. In system, the FD was auto renewed to another 3 mths cycle. So the system generated and calculated the interest for the 3 days at 3.2%.

So I got the interest which I can go for good dinner for 2.

So lesson is always ask especially if the FD amt is large.

Received the follow up call. He is saying that the fee is the same for BC regardless whether it is from FD or not. They only have one FD fee. When I asked where the CS obtained the exact number in her email, he said the CS just assumed that numbers and refused to reveal further.

So still RM2.80 for the BC ?

The brochure says 31/12/15.

Still lower than HLBB. They say fresh funds only. So I guess we can take out the funds and put it back in.

Silly rule to that. So much for customer retention.

Yes, I find it hard to believe that the CS is able to conjure that numbers.

Confirmed Pg and Ipoh side RM0.68 for the BC. UOB unable to standardize between the various location/branches !

This post has been edited by bbgoat: Jan 4 2016, 07:17 PM

Tomorrow going to UOB for maturing FD. I am sure he has conveyed this to the branch to charge me RM2.68 back. Poor CS takes the blame.

just out of curiousity, cause i have not done this before...

if i have a FD maturing under Bank A. i brought it to another bank, Bank B to place promo.

then i went to Bank A sometime later (because i have extra money) to place another FD promo.

so, is it fresh fund in this case? what if this sometime later is 3 months from now or 2 weeks from now, what's their definition of fresh?

just so share. you may actually open a GIA-i account via Maybank2u. No promo rate of 4.5% but 4% instead. as usual minimum 5k for 1 month and 1k for the rest. still higher than normal board fd rate for those who don't mind regarding PIDM

4.5% pa. finished quota?

Yes, will be considered as fresh promo in your case. Need to read the T&C for specific definition of fresh fund. for example, in one of standard chartered promo: “fresh funds” means funds in Ringgit Malaysia which do not originate from any account held with either SCBMB or SCSB.

Others banks like UOB and OCBC do consider funds from SA as long as it is within 7 days.

that promo over the counter only if i'm not mistaken

Maybank got 4% for 1month placement?

not guaranteed. it's maybank gia-i. not fd per say but many of our forumers went for their 4.5% promo.

Source

I've done this before, just to test the system. Didn't even add/minus amount.
It works!